Indian e-commerce is projected to increase fivefold, rising from US $ 59 billion in 2022 to an estimated US $ 300 billion by 2030, said a new report.

The forthcoming festive season is anticipated to drive a substantial surge in e-commerce activities, with third-party logistics (3PL) playing a pivotal role.

According to Redseer, the period between 2022 and 2030 will witness significant growth in 3PL shipments, expected to increase from 2 billion in 2022 to an estimated 13-17 billion by 2030—a notable 6 to 8-fold rise.

This increase in shipment volumes is attributed to the widespread adoption of e-commerce in Tier-2 cities and beyond, along with the rise in mass consumers and improved 3PL serviceability.

Mohit Rana, Partner at Redseer, highlighted the importance of 3PL, stating, “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.”

The report predicts a substantial decrease in the cost per shipment as the 3PL sector scales up, dropping by 23 per cent from Rs 60 in 2023 to Rs 47 by 2030, making e-commerce logistics more cost-effective.

Based on the average share of e-commerce 3PL shipments from January to August 2023, Meesho emerged as the largest contributor to e-commerce 3PL shipments in the country. Other major players included Flipkart, Ajio, and Amazon, solidifying their positions as key contributors to India’s thriving e-tailing industry.