Prepared for Nuno | Delivered May 20, 2020
Global Market Size for Retail Reverse Logistics
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To determine the global market size for the reverse logistics market of the retail industry, with current growth rate and projections for the next year, to be used in preparation of a business plan.
Global reverse logistics market
is projected to reach $603.90 billion by 2025, registering a CAGR of 4.6% from 2018 to 2025.
of this market is brought on by growth in the e-commerce sector of the retail industry, with estimated growth at $1.4 billion from 2019 to 2021.
Global retail sales
are expected to reach $30 trillion U.S. dollars by 2023.
The rise in
mobile phones and internet penetration
drives the growth of the reverse logistics market in retail, with approxiamtely 30% of products ordered online returned.
global e-commerce retail
alone was valued at US$ 2.8 trillion (22.8% growth) with more than 25% returned (8% were brick & mortar products), driving the reverse logistics market growth worldwide.
In 2019, the
global in-store or brick-and-mortar
retail channel generated $21.7 trillion U.S. dollars in sales.
As of February 2020,
market sales reached $26.07 trillion U.S. dollars.
By 2022, if current Retail Industry forecasts hold, retailers can expect an
additional 13 billion units
returned annually worth $573 billion.
are projected to grow to 6.54 trillion US dollars in 2022.
rise of e-commerce
over the past 10-years has driven a 33% increase in the return rate of overall retail sales.
The growth expectation of e-commerce is approximately 15% annually with product return rates near 30% of sales; consequently, it is expected to add
4 billion incremental units
to the annual reverse logistics pipeline by 2022.
cost of return deliveries
world-wide has grown to $642 billion US dollars.
In 2018, costs for the
U.S. return delivery
market reached $381 billion dollars and is predicted to reach $550 billion by 2020.
Online shopping activities worldwide in 2019 for
global retail e-commerce
sales reached $3.53 trillion with e-retail sales accounting for 14.1% of all retail sales worldwide (this figure is expected to reach 22% by 2023).