Mumbai, March 28 – India’s express parcel market is poised for significant expansion and is expected to reach between 24 to 29 billion shipments by the financial year 2029-30, according to a report released by Redseer Strategy Consultants on Friday.
The projected growth is largely attributed to the rapid expansion of the e-commerce sector, along with the increasing influence of hyperlocal and quick commerce segments. For the ongoing fiscal year 2024-25, the market is estimated to handle between 10 to 11 billion shipments, with e-commerce accounting for over 50 percent of the volume, translating to approximately 4.8 to 5.5 billion shipments.
As per agency report, Mrigank Gutgutia, Partner at Redseer, stated that India’s express logistics industry is undergoing a major transformation, driven by rising digital adoption and increasing consumer comfort with online shopping platforms. He emphasized that the convenience and efficiency of digital services are reshaping consumer expectations and logistics delivery models.
The report further noted that traditional courier services are expected to comprise about 17 percent of the express parcel market in FY 2024-25, handling around two billion shipments. This segment is anticipated to grow at a compound annual growth rate (CAGR) of approximately seven percent through FY 2029-30.
Meanwhile, e-commerce shipments are projected to see a significant surge, from 4.8–5.5 billion shipments in the current fiscal year to an estimated 15–16 billion shipments by FY 2029-30, reinforcing the dominance of online retail in shaping the future of India’s express logistics landscape.
