However, growth in China, in particular, has eclipsed the rest of Asia, with e-commerce sales in 2020 reaching $1.3 trillion with a projected increase to nearly $2 trillion by 2025, it said.
The promising outlook also creates vast opportunities for logistics companies to grow. The global e-commerce logistics market is projected to register the highest gains of approximately 6.6 per cent year on year during 2021-2028, reaching $118,847 million by 2028.
The white paper, titled ‘E-commerce Megatrends to Watch’, highlights the seven most significant digitally relevant megatrends occurring in China, the world’s biggest e-commerce market.
“Our research shows that the Asia Pacific, Middle East and Africa (AMEA) region will be at the forefront of e-commerce growth for many years to come. With rising disposable incomes, growing internet penetration, and emerging cross-border e-commerce markets, there is a huge amount of growth yet to be realised here,” said Kawal Preet, president of the AMEA region at FedEx Express, in a press release.
ALCHEMPro News Desk (DS)
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