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The global reverse logistics market is projected to reach $958.3 billion by 2028, growing at a CAGR of 5.6% from 2021 to 2028. Factors such as an increase in product recalls, expansion of the e-commerce industry, and the adoption of tech-driven reverse logistics services have contributed to market growth. However, challenges include a lack of control by manufacturers and uncertainty in the reverse logistics process. The Asia-Pacific region is expected to have the largest market share, followed by Europe and North America. Major players in the market include C.H. Robinson Worldwide, Inc., Deutsche Post DHL Group, and FedEx Corporation.
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