Chinese e-commerce will be worth 2 trillion dollars by this year

September 25, 2019

Abstract : According to MC Marketing, the Pacific Asia area is by far the one with the highest number of online sales, which by 2022 could exceed 4 trillion dollars. Figures were disclosed in preparation for the first edition of the E-pack Tech by Ipack Ima, the exhibition in Shanghai opening on October 23.

MILAN, Sep 24 (Class Editori) – E-commerce is growing all around the world, parcels and packets are being dispatched and, consequently, one of the most traditional marketing incentive is evolving, the packaging. To that is dedicated the first edition of E-pack Tech by Ipack Ima: to e-commerce packaging.

The fair starting next October 23 to Otober 26 at the New Int'l Expo Center (Sniec) in Shanghai will bring together for the occasion the giants of Asian e-commerce including Alibaba, Cainiao, JD.com and Suning. In addition, Italian companies in the sector will participate too at CeMAT Asia, a Chinese event focused on internal handling, technological automation, transport and logistics systems.

The E-pack Tech also sees the debut of the alliance between Deutsche Messe and Fiera Milano, which with the support of Ipack Ima, in turn organizer of Ipack-Ima and Meat-Tech, have founded the JV Hannover Milan Fairs Shanghai. Meat-Tech is scheduled at Fiera Milano in 2021. This is, in particular, the first stop of Ipack-Ima which, from 4 to 7 May, will stage the future of processing and packaging in Milan.

In terms of figures, the value of the retail e-commerce market worldwide for 2018 is estimated at 2.875 billion dollars (over 2.600 billion euros), marking an increase by 12% compared to the previous year and equal to 11% of the total retail sales value.

It is assumed that the share of total retail sales will increase until 2022, reaching a value of 4.035 billion dollars (almost 3.700 billion euros). The main markets are US and China, which account for 69.1% of the total market value.

The Asia-Pacific area is instead the largest area for global e-commerce. In 2018 it recorded a production of 1.892 billion dollars (about 1.700 billion euros), up 27% compared to the previous year according to Mc Marketing data and communication group. In 2017 in China alone, the entire sector had a turnover of 682 billion dollars (620.6 billion euros), a share to be compared with 438 billion dollars invoiced in the USA (almost 400 billion euros), the 196 billion dollars in the United Kingdom (178.4 billion euros), 87 billion dollars in Germany (79 billion euros) and 20 billion dollars in Italy (18.2 billion euros).

It is estimated that in 2019 the growth of Chinese e-commerce will exceed that of the United States with 2 thousand billion dollars, equal to over 1,800 billion euros, according to Smart Insights estimates. (All rights reserved)