Reverse Logistics Market Size, Growth, Competitive Landscape And Forecast by 2027
Reverse logistic is defined as the operations related to the processes of planning, implementation and movement of raw material, finished goods, and others from point of consumption to the point of origin for purpose like repair, replacement, disposal, and others.
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Expansion of E-commerce is the key driving factor which is expected to boost the global reverse logistics market growth. Recently, E-commerce sector is growing as a significant rate owing to increase in trend of mobile phones and rise in penetration of internet will have the positive impact on market growth. In addition to that, the processes of ordering a product online by using e-commerce platform and returning it is convenient for the consumers as well as increase in facilities like refund, easy return, try& buy, and others provided by e-commerce companies due to rise in competition in the market which is expected to propel the market growth during this forecast period. Also, increase in need of reverse logistics in pharmaceutical industry will drive the market growth.
However, uncertainty in reverse logistics process is the major challenging factor which is expected to hinder the global reverse logistics market growth. Also, lack of transparency in the process expected to hamper the market growth.
Market Key Players
Various key players are discussed into this report such as DB Schenker, C.H. Robinson, Delcart, FedEx Corporation, Deliveryontime Logistics Pvt. Ltd., Reverse Logistics Company, Kintetsu World Express,, The Deutsche Post AG, and United Parcel Service
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Market Taxonomy
By Return Type
- Recalls
- Commercial Returns
- Repairable Return
- End-of-Use Return
- End-of-life-Returns
By End User
- E-Commerce
- Automotive
- Pharmaceutical
- Consumer Electronic
- Other
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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