Indian ecommerce is expected to grow five fold reaching USD 300 billion by 2030, with third-party logistics providers anticipating a surge in shipments to 17 billion over the next seven years, according to a recent Redseer report.
The report indicates that with third-party logistics (3PL) expansion, the cost per shipment is expected to decrease by 23 per cent, falling from Rs 60 in 2023 to Rs 47 by 2030.
“eTailing in India is expected to grow 5 times from USD 59 billion to USD 300 billion between 2022 and 2030. The number of eTailing shipments in India delivered by 3PL is expected to be 13-17 billion by 2030, which is 6-8 times of 2022 levels,” according to Redseer.
Meesho emerges as the largest contributor to e-commerce 3PL shipments in India, with Flipkart, Ajio, and Amazon rounding out the top four players, based on the average share of e-commerce 3PL shipments recorded from January to August 2023.
“3PL has emerged as an indispensable enabler for mass-focused horizontals, large verticals, and Direct-to-Consumer (D2C) brands. Collaborating with 3PL for logistics requirements expedites market entry, drives growth, and addresses the challenges of lumpy demand, thereby optimizing logistics investments per shipped unit,” stated Mohit Rana, partner at Redseer Strategy Consultants.
