The rise of online shopping has transformed the retail industry, offering convenience and a wide range of options to consumers worldwide. In this blog post, we’ll delve into the staggering statistics that highlight the industry’s immense size and continuous growth. From the increasing number of online shoppers to the skyrocketing e-commerce sales, the data underscores the global popularity and potential of online shopping.
As you will see in the next paragraphs, although online consumption is already well established, it is still growing a lot – if your brand is not yet present in the digital environment, this is a good time to start this movement.
The Expanding Reach of Online Shopping
Online shopping has become a global phenomenon, with people from all corners of the world embracing its benefits. In the United States alone, there were 268 million online shoppers in 2022. The number is projected to surge to nearly 285 million by 2025, highlighting the steady growth and widespread adoption of online shopping among Americans. The numbers presented here come from a study carried out by BELVG, an e-commerce website development company.
Global E-commerce Sales on the Rise
The impact of online shopping extends far beyond the United States. According to recent estimates, global e-commerce sales are expected to reach a staggering US$ 58.74 trillion by 2028. This remarkable figure signifies a substantial increase from previous years, underscoring the exponential growth and immense potential of the online shopping industry on a global scale.
Rapid Growth in Online Retail Sales
The future of online shopping looks exceptionally promising, with projections indicating a compound annual growth rate (CAGR) of 14.6% in online retail sales from 2021 to 2028. This signifies that the online shopping industry is poised to continue its rapid expansion for the foreseeable future. With the convenience and accessibility it offers, online shopping has become the preferred choice for an increasing number of consumers worldwide.
What are people buying?
Online shopping preferences vary between genders, with distinct trends observed in the types of products purchased. Men tend to gravitate towards computers and technology (39%), followed by travel bookings (37%), furniture and decor (32%), books and magazines (23%), and online food delivery (14%). On the other hand, women show a preference for travel bookings (35%), furniture and decor (30%), books and magazines (25%), online food delivery (18%), and computers and technology (18%). Understanding these trends allows businesses to tailor their offerings and marketing strategies to better serve their target audience and enhance the online shopping experience.
Cardboard Boxes in Vancouver
The statistics surrounding online shopping present a compelling picture of its ever-increasing popularity and influence. From the rising number of online shoppers to the skyrocketing e-commerce sales, the data points to a thriving industry that shows no signs of slowing down.
If you have a company that works with online sales or are even considering entering this segment, take advantage of this moment to intensify your digital marketing strategy to surf this good moment. And if you need a box supplier in the Vancouver area, contact us at Racer Boxes. We manufacture a multitude of types and sizes of cardboard boxes and we can help you enter the best options for you.