Express Parcel Market Projected to Reach 24

India’s Express Parcel Market Projected to Reach 24–29 Billion

News: India’s express parcel market is projected to reach 24–29 billion shipments by FY30, up from an estimated 10–11 billion in FY25, driven by rapid growth in e-commerce, hyperlocal, and quick commerce segments, according to a Redseer report.

E-commerce currently contributes over 50% of the market, with 4.8–5.5 billion shipments expected in FY25, growing at a 23–24% CAGR to 15–16 billion by FY30.

Traditional couriers, accounting for 17% (around 2 billion shipments), are projected to grow at a modest 7% CAGR. The shift is powered by digital adoption, urbanization, and improved supply chains. As players in both traditional and e-commerce sectors expand into each other’s domains, the lines between document and e-commerce logistics are increasingly blurring.