September 11, 2023
3 min

Global Size of Reverse Logistics Market Envisaged to Reach USD ... - PR Newswire

The global reverse logistics market is expected to reach USD 2,986.17 billion by 2032, growing at a CAGR of 12.3% during the forecast period, according to a research report published by Polaris Market Research. Reverse logistics refers to the activities and processes used to implement the cost-effective flow of products or materials from their point of consumption to their origin or other destinations. It has applications in various sectors including e-commerce, automotive, consumer electronics, retail, luxury goods, and reusable packaging industries. The market is driven by new regulations, sustainability, and environmental responsibility.

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Adhikansh Gupta
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Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry