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Parcel volumes to grow 17-28pc a year, says new Pitney Bowes report
GLOBAL parcel volumes soared 48 per cent between 2014 and 2016 and are set to continue growing at double-digit rates, according to the Parcel Shipping Index from Pitney Bowes an e-commerce solutions provider, reports London's Air Cargo News.
Annual parcel volumes increased from 47.7 percent to 65 billion parcels to 2016, and the growth curve shows no signs of slowing down, as the index estimate volumes will continue to rise 17-28 per cent a year.
The index covers 13 major markets, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Norway, Sweden, the UK and US.
Said a Pitney Bowes spokesman: "But even when excluding China's prolific volumes, the index forecasts a strong and accelerating pace of growth in parcels throughout the world.
"On average, the other 12 major markets studied have grown 4.3 per cent annually since 2012 and are projected to grow 4.5 per cent-5.4 per cent annually through 2021," he said.
Said Pitney Bowes vice president Lila Snyder, the e-commerce chief: "The continued rise of ecommerce globally is keeping the parcel shipping market strong through 2021 as consumers are increasingly looking to online shopping for convenience, price and availability of products from around the world.
"As consumer expectations continue to rise, shipping technology and service providers will need to help retailers and marketplaces meet those demands," she said.
Annual parcel volumes increased from 47.7 percent to 65 billion parcels to 2016, and the growth curve shows no signs of slowing down, as the index estimate volumes will continue to rise 17-28 per cent a year.
The index covers 13 major markets, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Norway, Sweden, the UK and US.
Said a Pitney Bowes spokesman: "But even when excluding China's prolific volumes, the index forecasts a strong and accelerating pace of growth in parcels throughout the world.
"On average, the other 12 major markets studied have grown 4.3 per cent annually since 2012 and are projected to grow 4.5 per cent-5.4 per cent annually through 2021," he said.
Said Pitney Bowes vice president Lila Snyder, the e-commerce chief: "The continued rise of ecommerce globally is keeping the parcel shipping market strong through 2021 as consumers are increasingly looking to online shopping for convenience, price and availability of products from around the world.
"As consumer expectations continue to rise, shipping technology and service providers will need to help retailers and marketplaces meet those demands," she said.
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