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. 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.
The report further noted that express logistics players need to realign their strategies to stay ahead and make the most of the fast-growing e-commerce and hyperlocal opportunity landscape.
The report suggests that the trends in the domestic express parcel segment is shifting from traditional couriers to e-commerce and hyperlocal shipments, driven by digital adoption, demographic shifts, and urbanisation.
According to the report, traditional couriers, which accounted for around 17 per cent of the express parcel market in FY 2025 (around 2 billion parcels) and is projected to grow at around 7 per cent CAGR till FY 2030.
