Global Reverse Logistics Market is expected to grow with a CAGR of 5.3% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.

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The global reverse logistics market is a highly consolidated market, which includes a specific number of key players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players dealing in the global reverse logistics market are introducing a strong range of products provider along with launching new products and adopting strategic initiatives such as acquisition, agreement, business expansion, award, and recognition into the market. This helped companies to maximize sales with an enhanced product portfolio.

For instance:

• In January 2022, FedEx launched its logistics-as-a-service solution in collaboration with Microsoft. The main objective of this service launch was to strengthen the company's logistic capabilities. This will help the company ensure innovation in logistics to keep pace with growth in technology

FedEx is the dominating player in the global reverse logistics market. The other key players existing in the market are H. Robinson Worldwide, Inc., Deutsche Post DHL Group, Core Logistic Private Limited, Schenker AG, Kintetsu World Express, Inc., YUSEN LOGISTICS CO., LTD., LogiNext Solutions Inc, NFI Industries, ReverseLogix, Indev Group of companies, Safexpress Pvt. Ltd., Optoro, Inc., Reverse Logistics Group, DGS Translogistics India Pvt. Ltd., ShipWizard, Woodfield Distribution, LLC, United Parcel Service of America, Inc., XPO Logistics, Inc, IBM Corporation, and others.

FedEx

FedEx was founded in the year 1973, headquartered is in Tennessee, U.S. The company deals in services, goods, ideas, and technologies, creating opportunities to fuel innovation and energize business to uplift the community with high standards. The company operates in various business segments such as FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services, of which FedEx Freight is the market-focused category. The company has several service categories, including e-commerce fulfillment, supply chain solutions, and transportation, of which supply chain solutions is the market-focused category. The company has various subsidiaries, which are TNT Express (Netherlands), FedEx Office (U.S.), FedEx Ground (U.S.), FedEx Corporate Services Inc. (U.S), ShopRunner, Inc. (U.S.), among others.

For instance,

• In January 2022, FedEx entered into a partnership with Microsoft to develop a cross-platform logistics solution for e-commerce. This platform launch will ensure delivery and return of the product. The partnership will help both companies to ensure their market expansion

The company has a wide presence across the Americas, Europe, Middle East and Africa, Asia-Pacific, and Oceania.

United Parcel Service of America, Inc.

United Parcel Service of America, Inc. was founded in the year 1907 and is headquartered in Atlanta, U.S. The company is engaged in providing customized transportation and logistics services. The company has several solution categories, including business shipping tools, view and control your shipments, manage shipments for large enterprises, understand and pay bills, file a claim, start or grow your business, expand your online business, pickup and drop-off options, and simplify returns. The simplify returns is the market-focused category. The subsidiaries of the company are BSH Hausgeräte (Germany), Dremel (U.S.), Bosch Rexroth (U.S.), Bosch Thermotechnik GmbH (Germany) and Bosch Sicherheitssysteme (U.S.), among others.

For instance,

• In November 2021, United Parcel Service Of America, Inc. entered into a partnership with TuSimple Holdings Inc. The main objective of this partnership was to strengthen the company's transportation and logistics capabilities. This partnership has allowed the company to use autonomous Class 8 trucks to move logistic cargo in the southeastern and western U.S.

The company has a presence in Europe, the Americas, Asia-Pacific, and the Middle East and Africa.

Deutsche Post DHL Group

Deutsche Post DHL Group was founded in the year 1969 and is headquartered in North Rhine-Westphalia, Germany. The company is engaged in providing courier, package delivery, and express mail services for the consumer. The company offers service category such as logistics solutions which is also the market-focused category. The subsidiaries of the company are Blue Dart Express (India), AeroLogic (Germany), DHL Aviation (Bahrain), Blue Dart Aviation, (India), DHL Air UK (U.K.), among others.

For instance,

• In July 2021, Deutsche Post DHL Group obtained the contract from Lotus Cars for inbound-to-manufacturing warehousing and transport operations for the next five years. Through this, the company will offer transport and logistic services for Lotus manufacturing facilities. The contract has helped the company provide its services to its consumer in offering quality delivery services

The company has a presence across North America, South America, the Middle East and Africa, Asia-Pacific, and Europe.