E-comm retail logistics market projected at $6.3 bn by FY26: Report

The e-commerce retail logistics market is expected to grow at a 24 per cent CAGR to $6.3 billion in FY26, up from 2.2 billion in FY21, a report by research firm PGA Labs said. The growth will be primarily driven by the e-commerce retail market — expected to reach approximately $145 billion by FY26, with about 15 million daily shipments. 

“The online-focused players partner with third-party logistics (3PL) providers to manage delivery, inventory, packaging, shipping, warehousing, and tracking issues,” said Abhishek Maiti, director, PGA Labs.

The report came on a day Ecom Express, the logistics solutions provider to the e-commerce