India's express parcel market to touch 24-29 bn shipments by FY30: Report

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India's express parcel market to touch 24-29 bn shipments by FY30: Report - Business Standard

Quick Summary:

India's express parcel market is expected to witness a sharp uptick and touch 24-29 billion shipments by FY30 driven by the expanding e-commerce sector, and the rise of hyperlocal and the quick commerce segment, Redseer said in a report on Friday.

For the current financial year (FY2025), the parcel market is estimated to reach 10-11 billion shipments in FY25, the report said, adding that the e-commerce segment accounted for more than 50 per cent of the express parcel market, with approximately 4.8-5.5 billion shipments this fiscal.

"India's express logistics market is going through a major shift, driven by growing digital adoption and consumers becoming more comfortable with e-commerce," said Mrigank Gutgutia, Partner at Redseer Strategy Consultants.