Home / Knowledge / News / Textiles / India may lead Asia-Pacific B2C markets by 2021
India may lead Asia-Pacific B2C markets by 2021
21
Jun '17
By 2020, India is expected to be the growth leader among Asia-Pacific’s top B2C markets, outpacing China, says a recent report. In both countries, much of the future growth is projected to stem from rural areas where online shopper penetration is rising more rapidly than in the top tier cities. Asia-Pacific is the world’s largest B2C e-commerce market.

The report titled 'Asia-Pacific B2C e-commerce market 2017' published by yStats.com says that by 2021 Asia-Pacific will account for nearly half of global B2C e-commerce sales of products and digital content. Between 2016 and 2021, the region’s online sales are projected to maintain strong double-digit growth rates and reach new heights in terms of the e-commerce share of retail.

The report reveals that the nations in Southeast Asia are also experiencing strong growth in B2C e-commerce sales which are projected to remain in double digits, including even Singapore, already the most advanced of the ASEAN countries pack. Further, other advanced markets, including Australia, Japan and South Korea are also projected to grow more moderately due to the already high rates of online shopping penetration.

It has been observed that m-commerce is the strongest trend in both the advanced and emerging economies across Asia-Pacific. In many of them, the mobile share of B2C e-commerce sales has already topped one-third, and in some has approached 50 per cent. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Pakistan’s FBR imposes 5% sales tax on cotton import

Textiles | On 21st Jul 2018

Pakistan’s FBR imposes 5% sales tax on cotton import

Pakistan’s Federal Board of Revenue recently withdrew sales tax...

Bangladesh drafts policy for Tk1,000 cr govt jute fund

Textiles | On 21st Jul 2018

Bangladesh drafts policy for Tk1,000 cr govt jute fund

Bangladesh will set up a Tk10,000-crore Jute Sector Development Fund...

Ahmad A. Al Sa’adi and Kwon Pyung-Oh display a comprehensive Memorandum of Understanding; Courtesy: Saudi Aramco

Textiles | On 21st Jul 2018

Saudi Aramco, KOTRA sign MoU for business cooperation

Saudi Aramco has signed an MoU with the Korea Trade-Investment...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search