In 2018, 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.
As of February 2020, global retail 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.
Online global retail revenues are projected to grow to 6.54 trillion US dollars in 2022.
The 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.
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).
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