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The global reverse logistics market size is expected to reach USD 2,986.17 billion by 2032, according to a new study by Polaris Market Research.
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Reverse Logistics Market Expected to reach USD 2,986.17 Billion By 2032 | CAGR:12.30% Reverse Logistics Market Share, Size, Trends, Industry Analysis Report, By Return Type (Recalls, Commercial Returns, Repairable Returns, End-of-Use Returns, End of Life Returns); By Service; By End User; By Region; Segment Forecast, 2024 - 2032
❑ Reverse Logistics Market Estimate & Forecast According to the research report, the global reverse logistics market was valued at USD 1053.76 billion in 2023 and is expected to reach USD 2,986.17 billion by 2032, to grow at a CAGR of 12.30% during the forecast period. A significant increase in the number of recalled units in the Food and Drug Administration food recalls drives the market's growth. Reverse logistics refers to managing the flow of products from the point of consumption back to the end of origin, which includes product returns, recalls, repairs, and recycling. According to Sedgwick, the number of food recalls by the Food and Drug Administration increased significantly at a pace of 2.2%, from 414 recalls in 2021 to around 423 recalls in 2022. The increased complexity and volume of recalled units create a demand for reverse logistics providers who can handle the logistics and processing of these products. 2 Copyright © Polaris Market Research & Consulting LLP 2022. All Rights Reserved
❑ Reverse Logistics Market 3 Copyright © Polaris Market Research & Consulting LLP 2022. All Rights Reserved
❑ Reverse Logistics Market Competitive Landscape The study then includes the competitive insights of market across various regions wherein our research analysts explores in-depth profiles of main players along with new product launches, recent technologies influencing the target market. The competitive study section also contains production, major development strategies, revenue, and growth rate for the leading players. This assessment will aid market players to stay ahead of competitive landscape and boost productivity. Major players operating in the market are: • FedEx • UPS • DHL Supply Chain • XPO Logistics • CEVA Logistics • C.H. Robinson Worldwide • DB Schenker • Ryder System • Reverse Logistics Company • Liquidity Services • Genco • Genpact • Re-Teck • Inmar • eCycle Solutions Browse Complete Report 4 Copyright © Polaris Market Research & Consulting LLP 2022. All Rights Reserved
❑ About Us Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for a clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors, and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments, and the latest business- centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and highly comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. qualified team of experts Web: www.polarismarketresearch.com Official Blog: http://polarismarketresearch.blogspot.com 5 Copyright © Polaris Market Research & Consulting LLP 2022. All Rights Reserved
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