India’s Express Parcel Market to See Explosive Growth by FY2030

India’s express parcel market is expected to experience rapid growth, with an additional 24-29 billion shipments projected by FY2030, reflecting a compound annual growth rate (CAGR) of 19-23% from FY2024.

The expansion is largely driven by the booming e-commerce sector, particularly non-horizontals and the rise of hyperlocal/quick commerce.

E-commerce is expected to account for more than 50% of the market in FY2025, with shipments anticipated to grow significantly by FY2030.

Traditional courier services are growing at a slower pace, while digital adoption, urbanization, and shifting consumer demands fuel faster, more convenient delivery services.

Quick commerce, especially online food ordering and pharmacy deliveries, is the fastest-growing segment, with a 33-50% CAGR forecasted until FY2030. The express logistics industry needs to adapt its strategies to capitalize on the rapidly evolving e-commerce and hyperlocal sectors.

By FY2030, the express parcel market will shift significantly, requiring logistics players to realign their operations to keep pace with growth.