We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates, including GZERO Media, to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence, and our use of cookies described in our Cookie Policy.
Hard Numbers: Global packaging boom, livestreamed peaches, the art of 1s and 0s, e-commerce’s share of the pie
Chinese workers load a van with parcels, most of which are from online shopping, at a distribution center in Shanghai.
63.6: All those e-commerce goods have to be shipped in something, right? The global market for envelopes, tubes, mailers, and other protective packaging is projected to hit $63.6 billion this year, nearly double where it stood in 2019.
70: A peach farmer in Beijing’s farm-rich Pinggu district was able to sell 70kg (155 pounds) of the fruits every day during this year’s harvest season, thanks to livestreaming her work and selling online. Back in 2017, the local government launched a massive initiative to bring local farmers onto e-commerce platforms.
20: Online sales in 2021 accounted for 20% of the global $65 billion art market. That’s twice the share of 2019, before the pandemic gave a boost to e-commerce in art.
14.5: E-commerce accounted for 14.5% of all retail sales in the US in the second quarter of this year, according to the US Fed. That’s up 3 points since the eve of the pandemic and is a full 10 times higher than it was two decades ago.