Graph and download economic data for E-Commerce Retail Sales as a Percent of Total Sales (ECOMPCTSA) from Q4 1999 to Q1 2025 about e-commerce, retail trade, percent, sales, retail, and USA.

From January to March 2025, U.S. retail e-commerce sales amounted to roughly *** billion U.S. dollars, marking a small decrease compared to the previous quarter. Overall, retail e-commerce sales outdid the quarterly sales records registered in 2020. E-commerce in the post-pandemic era During the second quarter of 2020, as COVID-19 spread across the globe, the U.S.'s quarterly e-commerce revenue reached *** billion for the first time in history. In 2021, online retail sales account for**** percent of total retail in the United States. Clothing and accessories, including footwear, is one of the largest B2C e-commerce merchandise categories. Retail e-commerce sales in the United States are estimated from samples used for the Monthly Retail Trade Survey and exclude online travel services, ticket sales agencies, and financial brokers. Latest trend? Quick commerce Shoppers expect fast delivery of their purchases, especially when it comes to grocery products. This segment of the e-commerce industry goes under quick commerce and is expected to generate increasing revenue in the next years. Major quick commerce companies like Instacart or Uber Eat operate in the United States, where the quick commerce market is forecast to hit nearly ** billion U.S. dollars by 2027.

The revenue in the e-commerce market in the United States was forecast to continuously increase between 2025 and 2029 by in total 498.2 billion U.S. dollars (+37.16 percent). After the tenth consecutive increasing year, the revenue is estimated to reach 1.8 trillion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the e-commerce market was continuously increasing over the past years.Find other key market indicators concerning the average revenue per user (ARPU) and number of users. The Statista Market Insights cover a broad range of additional markets.

In the first quarter 2025, the share of e-commerce in total U.S. retail sales stood at **** percent, up from the previous quarter. From January to March 2025, retail e-commerce sales in the United States hit over *** billion U.S. dollars, the highest quarterly revenue in history. How e-commerce measures up in total U.S. retail In 2024, the reported total value of retail e-commerce sales in the United States amounted to over ****trillion U.S. dollars—impressive, but the figure pales compared to the total annual retail trade value of ******trillion U.S. dollars. Rising e-commerce segments Online shopping is popular among all age groups, though digital purchases are most common among Millennial internet users. In 2022, around ** percent of Millennials purchased items via the internet. Mobile commerce is also growing in popularity, as consumers increasingly rely on their smartphones and mobile apps for shopping activities. In the fourth quarter of 2022, m-commerce spending made up ** percent of the overall online spending in the United States.

Internet sales have played an increasingly significant role in retailing. In 2024, e-commerce accounted for over ** percent of retail sales worldwide. Forecasts indicate that by 2029, the online segment will make up close to over ** percent of total global retail sales. Retail e-commerce Online shopping has grown steadily in popularity in recent years. In 2024, global e-commerce sales amounted to over ************** U.S. dollars, a figure expected to exceed **** trillion U.S. dollars by 2028. Digital development in Latin America boomed during the COVID-19 pandemic, generating unprecedented e-commerce growth in various economies across the region. So much so that Brazil and Argentina appear to lead the world's fastest-growing online retail markets. This trend correlates strongly with the constantly improving online access, especially in "mobile-first" online communities, which have long struggled with traditioe-comernal fixed broadband connections due to financial or infrastructure constraints but enjoy the advantages of cheap mobile broadband connections. M-commerce on the rise The average order value of online shopping via smartphones and tablets still lags traditional e-commerce via desktop computers. However, e-retailers around the world have caught up in mobile e-commerce sales. Online shopping via smartphones is particularly prominent in Asia. By the end of 2021, Malaysia was the top digital market based on the percentage of the population that had purchased something by phone, with nearly ** percent having made a weekly mobile purchase. South Korea, Taiwan, and the Philippines completed the top of the ranking.

In 2024, global retail e-commerce sales reached an estimated ************ U.S. dollars. Projections indicate a ** percent growth in this figure over the coming years, with expectations to come close to ************** dollars by 2028. World players Among the key players on the world stage, the American marketplace giant Amazon holds the title of the largest e-commerce player globally, with a gross merchandise value of nearly *********** U.S. dollars in 2024. Amazon was also the most valuable retail brand globally, followed by mostly American competitors such as Walmart and the Home Depot. Leading e-tailing regions E-commerce is a dormant channel globally, but nowhere has it been as successful as in Asia. In 2024, the e-commerce revenue in that continent alone was measured at nearly ************ U.S. dollars, outperforming the Americas and Europe. That year, the up-and-coming e-commerce markets also centered around Asia. The Philippines and India stood out as the swiftest-growing e-commerce markets based on online sales, anticipating a growth rate surpassing ** percent.

Retail Trade, e-commerce sales, Canada, by industries based on North American Industry Classification System (NAICS), monthly.

Asia leads globally in e-commerce, exceeding *** trillion U.S. dollars in volume in 2024. The United States ranked second with over ************ U.S. dollars in market volume, and Europe came next, with a market volume of *** billion U.S. dollars in the same year. U.S. e-commerce: A growing slice of the retail pie While the United States maintains a strong position in the global e-retail market, there's still considerable room for expansion. E-commerce sales in the U.S. reached a record high of over *** billion dollars in the second quarter of 2024, accounting for ** percent of total retail sales. This represents a steady increase from previous years, yet indicates that traditional brick-and-mortar retail still dominates the American market. Latin America: An emerging e-commerce frontier Latin America is rapidly emerging as a key player in the global e-retail landscape, with a projected market volume of *** billion U.S. dollars by 2024. Brazil and Mexico lead the region, accounting for ** percent and ** percent of the Latin American e-commerce market, respectively. The region is also seeing a gradual increase in cross-border online sales, expected to reach ** percent of total e-commerce by 2025. Mobile commerce is proving to be a game-changer in Latin America, with m-commerce sales tripling since 2019 to reach approximately ** billion U.S. dollars by the end of 2024.

In 2024, online sales accounted for **** percent of all retail sales in Brazil. This represents an increase of almost ******percentage points compared to 2019. Even though e-commerce had gained ground in the Brazilian retail market before 2020, the COVID-19 pandemic accelerated this trend. Market expansion and job creation The Brazilian retail e-commerce market is projected to generate over ** billion U.S. dollars in revenue in 2025, with forecasts suggesting it could surpass ** billion U.S. dollars by 2027. This growth is reflected in the number of online stores, which has almost doubled from ******* in 2019 to over ******* in 2023. The e-commerce boom has also created substantial employment opportunities, with the digital market forecast to create over *** thousand jobs in 2024. Key players and market dynamics MercadoLibre, known locally as Mercado Livre, saw its gross merchandise volume (GMV) grow by 34 percent in the third quarter of 2024. The online marketplace has experienced double-digit growth of its quarterly GMV for more than six years. Meanwhile, Magazine Luiza, a prominent Brazilian retailer, experienced sales growth on their marketplace of **** percent in 2023 and a *** percent increase in total e-commerce sales. Even when these growth rates of Magalu are lower than the ones in 2020, the online sector of the company keeps expanding.

In 2024, retail e-commerce sales in the United States reached an estimated **** billion U.S. dollars, roughly double the sales value reached in 2019. E-commerce's growth trajectory Driven by the escalating integration of technology into daily life, e-commerce has witnessed a remarkable surge in popularity. Projections indicate a significant uptick in e-commerce users in the United States, rising from *** million in 2025 to over *** million by 2029. As of 2023, apparel and accessories ranked as the most sought-after e-commerce product category, comprising over ** percent of all retail sales in the U.S. This trend persists despite inflationary pressures, positioning this category among the e-commerce segments experiencing the most significant year-on-year price changes. M-commerce users demographic While the demand for the convenience of purchasing from the palm of one's hand is also rapidly increasing, various demographic factors influence mobile commerce usage. There's a higher proportion of male online shoppers than females, with a split of ** percent versus ** percent. Age is another determinant. Younger consumers exhibit a greater inclination towards m-commerce, with ** percent of mobile shoppers falling within the ** to ** age bracket. Furthermore, income levels also shape mobile shopping habits, with individuals earning less than ****** U.S. dollars annually showing the highest propensity for mobile-based purchases.

By the end of 2024, total retail sales reached approximately **** trillion U.S. dollars, around a quarter of a billion U.S. dollar increase from the year before. Retail sales have steadily increased since 2009, as the economy recovered from the downward trend due to the recession following the 2007-2008 financial crisis, and most recently from the impact of the coronavirus (COVID-19) crisis. The United States as retail powerhouse The United States is home to many of the leading retail companies in the world, including Walmart, Costco, and Amazon. Amazon, in particular, has seen extreme levels of growth in revenue in tandem with the increase of e-commerce globally. The rise of e-commerce and mobile shopping E-commerce is responsible for a growing percentage of total retail sales, partially due to a surge in mobile shopping, with customers increasingly using their mobile devices for various online shopping activities. Smartphones accounted for more retail website visits than desktops or tablets, and matched desktops in generating online shopping orders.

In 2023, e-commerce comprised over 15.6 percent of total retail sales in the United States. Forecasts suggest that this proportion will continue to rise steadily in the coming years, reaching approximately 20.6 percent by 2027. Fashion fever The digital revolution has significantly changed how retail is done, impacting a wide range of product categories. Out of all e-commerce product categories, apparel and accessories are the most purchased online in the United States. As of February 2023, roughly 18 percent of all fashion retail sales took place online. Furniture and home furnishing, as well as computer and consumer electronics, ranked second, with over 15 percent of each product category purchased via the internet. The product categories that are least purchased online are office equipment and supplies (1.4 percent) and books, music, and video (5.1 percent). Shopping hotspots Amazon dominates the e-commerce industry in the United States, though other competitors still have significant market share. In December 2023, amazon.com was the most-visited e-commerce and shopping site in the United States. That month, around 45 percent of all visits to e-commerce sites were made to Amazon. Other popular shopping sites include ebay.com, walmart.com, etsy.com, and target.com. The staggering proportion of online retail sales in the country attributed to Amazon is quite remarkable. In 2023, Amazon's website accounted for almost half of all online computer and consumer electronics sales. Similarly, nearly one-third of online fashion purchases in the country were made on Amazon.

According to Cognitive Market Research, the global cross-border e-commerce market size is USD 791542.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 30.50% from 2024 to 2031.

North America held the major market of more than 40%of the global revenue with a market size of USD 316616.88million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.7%from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 237462.66million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 182054.71million in 2024 and will grow at a compound annual growth rate (CAGR) of 32.5%from 2024 to 2031.
Latin America's market will have more than 5% of the global revenue with a market size of USD 39577.11million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.9%from 2024 to 2031.
Middle East and Africa are the major markets of around 2% of the global revenue with a market size of USD 15830.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.2%from 2024 to 2031.
The Credit/Debit Cards held the highest Cross border E commerce market revenue share in 2024.

Key Drivers of Cross border E commerce Market

Increasing Internet Penetration and Smartphone Adoption to Increase the Demand Globally

One of the key drivers in the cross-border e-commerce market is the increasing internet penetration and smartphone adoption worldwide. As more people gain access to the internet and smartphones, the potential customer base for online shopping expands, leading to a surge in cross-border e-commerce activities. The convenience of shopping online from international retailers, coupled with the availability of a wide range of products and competitive prices, has fueled the growth of cross-border e-commerce. Moreover, the ease of payment through digital wallets and online payment platforms has further facilitated cross-border transactions. This trend is expected to continue as internet infrastructure improves and smartphone technology becomes more affordable, driving the growth of cross-border e-commerce.

Growing Preference for Global Brands and Product Variety to Propel Market Growth

Another key driver in the cross-border e-commerce market is the growing preference among consumers for global brands and a wider variety of products. Cross-border e-commerce allows consumers to access products that may not be available in their local markets, giving them access to a broader selection of goods from around the world. This has led to an increase in demand for international brands and niche products that cater to specific interests and preferences. Additionally, cross-border e-commerce offers consumers the opportunity to compare prices and quality across different markets, empowering them to make informed purchasing decisions. As a result, retailers are increasingly focusing on expanding their product offerings and improving the shopping experience for cross-border shoppers, driving the growth of cross-border e-commerce.

Restraint Factors Of Cross border E commerce Market

Complex Regulatory Environment to Limit the Sales

One of the key restraints in the cross-border e-commerce market is the complex regulatory environment governing international trade and e-commerce. Different countries have varying regulations and policies regarding taxes, customs duties, import/export restrictions, and consumer protection laws, which can create barriers for cross-border e-commerce businesses. Adhering to these regulations can be challenging for e-commerce companies, especially smaller businesses that may not have the resources to navigate the complexities of international trade laws. This can result in delays, additional costs, and legal issues, limiting the growth of cross-border e-commerce.

Impact of Covid-19 on the Cross border E-commerce market

The Covid-19 pandemic has had a significant impact on the cross-border e-commerce market. With lockdowns and restrictions on movement imposed worldwide, consumers increasingly turned to online shopping for their needs. This surge in online shopping resulted in a spike in cross-border e-commerce as consumers sought products not available in their local markets or looked for better deals abroad. However, the pandemic also brought challenges such as disruptions in supply chains, logistics...

According to Cognitive Market Research, the global Soft Touch Films market size will be USD 3124.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1249.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 937.3 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 718.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 156.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 62.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
The Polyvinyl Chloride (PVC) Material held the highest Soft Touch Films market revenue share in 2024.

Market Dynamics of Soft Touch Films Market

Key Drivers for Soft Touch Films Market

Increased Demand from Packing Sector to Increase the Demand Globally

Soft touch lamination films are widely used in packaging luxury goods, enhancing their perceived value and providing a premium unboxing experience for customers. The global packaging market expanded from $909.2 billion in 2019 to $1,012.6 billion by 2021, reflecting a Compound Annual Growth Rate (CAGR) of 5.5%. In 2022, the Flexible Packaging sector achieved $41.5 billion in sales in the U.S., making it the second largest segment in the U.S. packaging market, which totaled $180.3 billion. Increased disposable income, especially in emerging economies, has led to higher consumer spending on premium and visually appealing products. Soft touch lamination films contribute to this trend by offering an upscale look and feel to packaging, driving growth in the market for these films. https://www.worldpackaging.org/Uploads/2022-10/ResourcePDF49_1665660147.pdf https://www.flexpack.org/facts-and-figures

Growth in E-Commerce and Online Retailing Technology to Propel Market Growth

As e-commerce and online retailing rapidly expand, packaging is crucial for both product presentation and protection during shipping. In the second quarter of 2024, U.S. retail e-commerce sales reached $291.6 billion, marking a 1.3 percent increase from the previous quarter. Total retail sales for the same period were $1,826.9 billion, up by 0.5 percent from the first quarter of 2024. Compared to the second quarter of 2023, e-commerce sales rose by 6.7 percent, while total retail sales increased by 2.1 percent. E-commerce sales represented 16.0 percent of total retail sales in the second quarter of 2024. Soft touch lamination films enhance packaging with their attractive appearance and offer protection against scratches, scuffs, and other damage during transit, making them ideal for e-commerce packaging. The global demand for luxury items, such as high-end fashion accessories, electronics, and automotive products, continues to drive the need for premium packaging solutions. https://www.census.gov/retail/mrts/www/data/pdf/ec_current.pdf

Restraint Factor for the Soft Touch Films Market

High Production Costs to Limit the Sales

The production of soft touch lamination films encounters notable challenges due to high production costs. The use of specialized equipment and processes required to manufacture these films leads to increased expenses. Achieving the desired tactile and visual effects demands precise machinery and advanced technology, further adding to the financial strain for manufacturers. Additionally, fluctuations in the prices of raw materials, such as polymers and coatings, can affect overall production costs and profitability. Variations in material costs may make it difficult for manufacturers to balance competitive pricing with maintaining quality and consistency. To address these cost pressures, efficient production practices, and strategic sourcing are essential for mitigating financial impacts.

Impact of Covid-19 on the Soft Touch Films Market

The pandemic significantly disrupted global supply chains, affecting th...

According to Cognitive Market Research, the global Tape Backing Materials market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The Polypropylene material type held the highest Tape Backing Materials market revenue share in 2024.

Market Dynamics of Tape Backing Materials Market

Key Drivers for Tape Backing Materials Market

Expanding Construction Industry to Increase the Demand Globally

Adhesive tapes play a crucial role in construction applications such as surface protection, joint sealing, and mounting. The expanding construction industry is driving higher demand for tape-backing materials. According to World Bank data, global construction spending surged to $13.4 trillion in 2022, marking a 3.8% increase from the previous year. New construction starts also saw significant growth, rising 16.7% to $912 billion in 2022, the highest growth rate since records began in 2005. This follows a 10.8% increase in 2021. In current dollar terms, U.S. construction spending is now 10% higher than its pre-pandemic peak in 2019. Additionally, 2022 set a new record for megaprojects, with 31 projects valued at $105.3 billion, surpassing the previous record of $79.1 billion set in 2019.

Expanding E-commerce Industry to Propel Market Growth

The COVID-19 pandemic has significantly boosted e-commerce retail in developing countries, leading to increased demand for packaging materials that use adhesive tapes to seal products within cartons and protect them from mechanical damage throughout the logistics process. This surge in demand is driven by consumer preferences for packaging quality and product safety, as highlighted by the B2B e-commerce association of the United States. In the third quarter of 2023, e-commerce's share of total U.S. retail sales rose to 15.6%, up from 14.8% in the same period of 2022. China remains at the forefront of online shopping with 915.1 million online shoppers, while the U.S. has 270.11 million online buyers in 2024. U.S. e-commerce sales have seen a steady increase over the past decade, reaching a record $1.12 trillion in 2023, a 330% rise from $260.4 billion in 2013. This data underscores the growing importance of e-commerce and its penetration into global retail sales. As retailers increasingly focus on online consumer demand, they face heightened competition on e-commerce platforms, making high-quality packaging as crucial as the product itself.

Restraint Factor for the Tape Backing Materials Market

Volatility in Raw Material Prices to Limit the Sales

The prices and availability of raw materials are crucial factors that impact manufacturers' decisions on the production costs of end products. Key raw materials for adhesive tapes include rubber, paper, polypropylene (PP), silicone, acrylic adhesives, polyvinyl chloride (PVC), and release liners. According to the World Bank's Commodity Markets Outlook, the raw materials price index declined by 1% in the third quarter of 2023, mainly due to decreases in natural rubber prices, which were about 8% lower compared to the previous year. Despite a relatively stable price for natural rubber in the third quarter of 2023, global demand for natural rubber has remained flat over the past 12 months ending in September 2023. Uncertainties and fluctuations in raw material costs and supply can lead to higher product prices, potentially affecting purchases in price-sensitive regions. Additionally, the adhesive industry faces risin...

Online shopping sales across India amounted to around ** billion U.S. dollars in 2021. The e-commerce market is likely to grow to over *** billion U.S. dollars by 2025. The e-commerce market in India is the fastest-growing market in the world. Online retail segments In fiscal year 2017, the retail market was led by electronics with a penetration rate of about ** percent. However, in terms of groceries, local offline vendors or kiranas continued to be the preferred choice for daily groceries due the ease of bargaining and benefitting from the ‘old-customer’ designation with extra rations as a gesture from the vendor. Nevertheless, the number of online shoppers in the country was estimated to increase to over *** million in 2025, up from around ** million in 2017. Impact of COVID-19 on the marketThe coronavirus outbreak in March 2020 caused a surge in prices across e-commerce platforms. Panic purchasing resulted in the shortage of sanitary and food items online as well as in physical stores across the country. As the online consumption continued to increase, unscrupulous sellers jacked up the prices on certain items. Amazon and Flipkart, the two e-commerce market leaders in India urged sellers and even blocked certain products to exercise responsible pricing. Manufacturers increased production in order to keep up with the supply of fast-moving items. With the uncertainty surrounding the impact of COVID-19, manufacturers and retailers will presumably have to work in unison to keep track of an unprecedented demand and supply scenario.

According to Cognitive Market Research, The Global Gift Boxes market estimation is USD 2100 million in 2023 and will grow and expand at a compound annual growth rate (CAGR) of 6.98% from 2023 to 2030.

The demand for the plastics segment is rising due to the growing emphasis on e-commerce, and online shopping offers a significant opportunity for market growth.
Demand for cameras remains higher in the Gift Boxes market.
The cosmetic and personal care segment held the highest Gift Boxes market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific Gift Boxes market will experience the strongest growth until 2030.

Expanding Gift Culture Tendencies to Provide Viable Market Output

Globally, the culture of giving gifts has been developing as a result of social gatherings, special occasions, holidays, and private celebrations. This cultural trend fuels the demand for gift boxes as consumers look for appealing and presentable packaging solutions to improve the gift-giving experience.

For instance, Canadians spend $95 on average on special occasions like birthdays, but they spend far more on weddings. The average amount spent per gift by married couples is $161 higher than the average amount spent by unmarried couples ($121).

Gift, souvenirs, and novelty shops generate yearly sales between $30,000 and $5,000,000. This is based on trends in gift shops. Consequently, rising gift culture trends would fuel the expansion of the worldwide gift box market over the projected timeframe.

Online Shopping and E-commerce Growth Present a Substantial Prospect to Propel Market Growth

The gift box market has benefited greatly from the expansion of e-commerce and online purchasing platforms. Since gift boxes are frequently marketed as supplemental goods or as part of gift packages, the convenience and extensive product variety provided by online merchants have boosted the demand for gift boxes.

For instance, according to the Census Bureau of the Department of Commerce, the estimated U.S. retail e-commerce sales for the first quarter of 2023 were $272.6 billion, up 3.0 percent (0.7%) from the fourth quarter of 2022 but unadjusted for price changes.

Because so many people now buy gifts online, businesses have a lot of opportunities to exploit consumer indications of intent to target their messaging and product offerings better.

Rising gift culture trends drive the market expansion

Market Dynamics Of the Gift Boxes

Sustainability And Environmental Laws Can Be Impeding to Hinder Market Growth

Although sustainability is a driving force in the gift box sector as well, it can bring difficulties because environmental standards are always changing. Manufacturers are required to abide by laws governing packaging, trash disposal, and recycling. Adhering to these requirements could include spending money on eco-friendly products, recycling infrastructure, and sustainable practices. So, this is anticipated to limit the demand for gift boxes in certain ways.

Impact of COVID–19 on the Gift Boxes Market

Relationship building and maintenance have been rendered more difficult throughout the epidemic due to restrictions put on real-world socializing. Giving is one way individuals have tried to stay in touch. In comparison to 2019, searches for "online gifts" grew by 80% globally in 2020. In addition, people are now more inclined to donate to society at large rather than only on customary special occasions like holidays and birthdays. Giving during the epidemic has been motivated by more than just wanting to make up for missed time by giving gifts to close relatives. Gift-giving in 2020 expanded for many individuals beyond merely a romantic gesture on special occasions to include acts of empathy and a means of overcoming the isolation's physical effects. Introduction of the Gift Boxes Market

One of the key elements that is projected to fuel demand for gift packaging is the booming e-commerce in the gifting sector. Large e-commerce enterprises like Snapdeal and Amazon crucially fuel the need for gift packaging. Additionally, rising per capita income and increased exposure to worldwide trends are providing incentives for the expansion of the global gift sector, which is in turn driving up the market for gift packaging. The market is comprehensively evaluated in the study of the global gift pa...

According to Cognitive Market Research, the global Automated Truck Loading System market size will be USD 2954.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.70% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1181.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 886.2 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 679.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 147.7 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 59.0 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031.
The Flush Dock Loading Dock Type held the highest Automated Truck Loading System market revenue share in 2024.

Market Dynamics of Automated Truck Loading System Market

Key Drivers for Automated Truck Loading System Market

Increasing Industrialization across the Globe to Increase the Demand Globally

The global growth of industrialization is expected to drive the expansion of the automated truck-loading system market, fueled by ongoing development and urbanization worldwide. According to the Federal Reserve, industrial production increased by 0.6 percent in June 2024, following a 0.9 percent rise in May 2024. For the second quarter of 2024, industrial production grew at an annual rate of 4.3 percent. Manufacturing output rose by 0.4 percent in June and saw a 3.4 percent increase annually for the second quarter. Mining and utilities indexes also gained 0.3 percent and 2.8 percent, respectively. With total industrial production in June reaching 104 percent of its 2017 average, it was 1.6 percent higher than the previous year. The focus on improved workplace safety and the ongoing escalation of industrialization are key factors driving the growth of the automated truck-loading system market. (Source: https://www.federalreserve.gov/releases/g17/current/

Growth in E-commerce Sector to Propel Market Growth

The surge in e-commerce has significantly increased the volume of goods transported. In 2023, e-commerce accounted for 22.0% of total retail sales in the U.S., up from 21.2% in 2022, according to Digital Commerce 360’s analysis of U.S. Department of Commerce data. E-commerce sales grew from approximately $1.040 trillion in 2022 to about $1.119 trillion in 2023, marking a 7.6% increase. In the first quarter of 2024, e-commerce sales rose by 8.6% (±1.1%) compared to the same period in 2023, while total retail sales grew by 1.5% (±0.5%). E-commerce sales represented 15.9% of total sales in the first quarter of 2024. Automated systems are essential for efficiently managing this increased volume, ensuring rapid and accurate loading and unloading of goods. E-commerce companies require faster fulfillment and shipping processes, and automated truck loading systems meet these needs by accelerating the loading process and helping maintain competitive delivery times. (Source: https://www.digitalcommerce360.com/article/us-ecommerce-sales/)

Restraint Factor for the Automated Truck Loading System Market

Availability of Cheap Labor in Developing Nations to Limit the Sales

The availability of inexpensive labor in developing countries, such as India, Bangladesh, Sri Lanka, the UAE, Argentina, and Indonesia, has reduced the demand for automated trucks in these regions. Many Asian nations have large populations, which increases the availability of human labor. For example, China and India each have populations exceeding 1 billion, suggesting a high potential for labor availability. These factors are expected to diminish the need for automated trucks in developing countries. According to the Bureau of Labor Statistics, approximately 3.40 million people were employed in the warehousing and storage industry in 2019. Additionally, as many countries continue to develop, the disparity between urban and rural areas remains significant. Migrat...

Academy Sports and Outdoors, Inc. (Ticker: ASO) is a mid-cap Texas-based sporting goods and outdoor recreational retailer trading at a P/E of 7x, and an EV/EBITDA yield of 17%, which places it among the cheapest 10% of stocks in our liquid, tradeable universe of stocks (mkt cap > ~$2 bn).

ASO employs approximately 22,000 people, and operates 269 retail locations in 18 states across the southeastern US, as well as three distribution centers located in Texas, Tennessee, and Georgia.

ASO was written up in 2021 by baileyb906, and we encourage VIC members to review that writeup for additional background.

Q1 Weakness and Retail Crime Fallout

There are some good recent reasons to be pessimistic about the stock. First, fiscal Q1, ending 4/29/23, showed a negative trend -- a YoY decline in quarterly revenues of 5.7%. The company has also indicated Q2 would also be challenging. With earnings coming out next week, we will soon see. Most of the Q1 softness was due to a 15% YoY decline in revenues in its Outdoor division, traditionally the company's largest. The company has explained that 1) it had very tough comps versus the prior year in hunting, camping, fitness and bikes, and 2) the company's products are designed to be enjoyed outside, and much of the weakness was due to unfavorable weather patterns, including cooler temperatures and rain. Second, Dick's missed earnings pretty dramatically few days ago due to inventory shrink due to a rise in retail crime, and sold off ~20%. ASO has been caught up in concerns about how this might affect the sector. But this current weakness comes at the tail end of a successful multi-year turnaround story, and is a reasonable entry point.

Turnaround Background

By way of background, KKR bought 20% the company in 2011, and the company did poorly from 2013-2018 during which time, despite aggressive store count growth, EBITDA/Store fell from ~$2.5 million to ~$1 million. Enter Ken Hicks, who was appointed CEO in 2018. Hicks had previously run a successful turnaround at Foot Locker, increasing Sales, and EBIT and net income margins while there.

At Academy Sports, Hicks pursued a successful store expansion plan, oversaw its IPO in 2020, and grew sales from $4.8 bn in 2018 to $6.4 bn in 2022. KKR sold its stake in ~2021. As of Q4 22, the company had increased its market cap by almost $4 bn since its IPO, and had returned $2 bn to stakeholders, including $900 million of repurchases. It's been a successful turnaround.

Merchandise and TAM

The company sells merchandise across four divisions: Outdoors (Camping, Fishing, Hunting at ~31% of sales), Sports and recreation (Fitness, Team sports, Recreation at ~28% of sales), Apparel (Outdoor, Youth and Athletic apparel at ~21% of sales), and Footwear (Casual, Work, Youth and Athletic footwear at ~20% of sales).

The company believes its total addressable market in the US is ~$175 bn, of which Dick's Sporting Goods, the largest sporting goods competitor, has less than a 10% share, but also has over 2x the revenues of ASO. This suggests there may be room to take share, and the market looks healthy. The US sporting goods market has/is expected to grow at a 7.9% CAGR from 2019 to 2025, according to a Morgan Stanley Outdoor and Active Living 2022 survey. Additionally, the Bureau of Economic Analysis reports that consumer spending on sporting equipment, supplies, guns and ammunition grew at 5.6% CAGR from 2000 to 2022. The industry appears to be fragmented, but growing.

Favorable Geographic/Demographic Tailwinds

Approximately 29% of the company's stores are in the top 5 fastest growing metropolitan statistical areas, including parts of Texas, Tennessee, and Florida. Of note, approximately 40% of the company's stores are in Texas, which last year surpassed 30 million people, and which the company estimates will see population growth of 17% between 2020-30.

The company believes there is ample opportunity for geographic expansion. Walmart has a store within 10 miles of 88% of Americans. For ASO, the figure is 17%, which means there's a good runway for further penetration.

Succession

On June 1, 2023, the company announced that as a result of a planned succession process, Steven Lawrence was promoted from Chief Merchandising Officer and became the new CEO. Lawrence has announced a 5-year plan to open 120-140 new stores and achieve $10 bn in revenue by 2027 (approximately a 10% CAGR), up from ~$6 bn today, with a net income margin of 10%, and ROIC of 30%, which we think are attainable goals. The blueprint is in place, and now it falls to the new CEO to execute. Longer-term, the company sees the opportunity for 800 additional stores.

According to the best stock research websites, a key driver of the company's growth strategy is expansion of the store base by ~50% over the next few years, with new stores making up $2.4-$2.8 bn of the incremental revenue required to meet the goal of $10 bn.

Store Economics

The company's stores average approximately 70,000 SF and are highly profitable. The company seeks to lease all its stores via long-term lease agreements, ranging from 15 to 20 years, and executes sale-leaseback transactions for stores it is developing. ASO's average store delivers ~$4 million in EBIT, which is double the $2 million for Dick's. It costs approximately $4-$5 million to open a new store, which is expected in the first year to achieve $18 million in sales, be EBITDA positive, and have an ROIC of 20%. The stores ramp to $25 million in sales over 4-5 years. If the company can successfully open 120-140 new stores in the next 5 years, as planned, good things will happen to the stock price.

Omnichannel

ASO has built an e-commerce and mobile platform that allows enhanced consumer connection with stores. This includes buy-online-pickup-in-store program, and ship-to-store and curbside pickup programs. The company is also enhancing the customer experience through new features such as new site search capabilities, outfitting, express check-out, and biometric security.

The company expects its omnichannel efforts will be a continued driver of growth and gross margin. The company has stated that 75% of e-commerce sales are fulfilled in stores, and 60% of omnichannel customer spend came from within 10 miles of a store. Omnichannel customers spend more and purchase more frequently than the average customer. During 2022, stores facilitated approximately 95% of ASO's total sales.

Capex Budget and FCF

In support of its store expansion and growth goals, the company has unveiled a 5-year capex plan to invest $1.5 bn over the next five years. With $5.5 bn -$6 bn of anticipated adjusted EBIT projected over the next 5 years, the company anticipates the plan will be entirely self-funded through cash flow. Add an additional $0.5 bn to $ 1 bn required for WC and other factors, and that still leaves $3.5 bn in FCF available to stakeholders.

Return of Capital / Share Repurchases

The company has repurchased $440 million of stock in the past 12 months, and the company initiated a quarterly cash dividend in FY 22. We believe this is a shareholder friendly management team who will continue to return capital to shareholders when it makes sense. With the stock price as cheap as it is today relative to fundamentals, we would applaud additional buybacks at these prices.

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• WACC calculator

Operational Momentum: Increasing Margins, Returns, Inventory Turns

The company's gross margins have improved from 29% in 2018 to 34% LTM. Similarly, EBIT margins have improved from 3.5% in 2018, to 11.9% LTM. ROIC has improved from 14% in 2018 to 34% LTM. Inventory turns are also up, from 2.7x in 2018 to 3.2x LTM. These metrics demonstrate that the business has positive operating momentum, and is increasing efficiencies. The company's current ratio has increased from 1.4x a year ago to 1.6x today, indicating increased liquidity. Additionally, the company's ROE is 37%, demonstrating that it is using its equity capital effectively.

The company also boasts a strong balance sheet. The company's net debt has declined from $1.5 bn in 2018 to $0.5 bn currently. Additionally, the company maintains a $1 bn credit facility, with no debt maturities until 2027. This outperforms all estimates of the best stock screeners.

Summary

ASO trades at a P/E of 7x, and has an EBITDA/EV yield of 17%, which we think is cheap for a company that has been successfully turned around from 5 years ago, and with good growth prospects for the next 5 years. ASO is positioned to benefit from positive growth trends in its core product areas, and has stores in metropolitan areas that are growing. Its stores have become increasingly profitable and are being run efficiently, and compare favorably to those of its competitors. The company's ROE of 37% and ROIC of 34% are both impressive, indicating that it has done a good job managing its capital. Margins have strengthened over recent years, and are reasonable today with EBITDA margins of 14.9% and net margins of 9%. It has an ambitious store count growth plan for the next 5 years, with self-funded capital and a conservative balance sheet available to pursue it. It is generating strong positive free cash flow, and is buying back stock and returning capital to shareholders via dividends, demonstrating its friendliness to shareholders.

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FMCG Market Size 2025-2029

The FMCG market size is forecast to increase by USD 456.9 billion, at a CAGR of 3.2% between 2024 and 2029.

The FMCG Market is segmented by type (food and beverage, personal and beauty care, health and hygiene care, home care), distribution channel (offline, online), product type (premium, mass market, private label), production type (in-house, contract-based), and geography (North America: US, Canada; Europe: France, Germany, Italy, UK; Middle East and Africa: Egypt, KSA, Oman, UAE; APAC: China, India, Japan; South America: Argentina, Brazil; Rest of World). This segmentation reflects the market's diversity, driven by rising consumer demand for premium and mass market products, growing online distribution in regions like India and China, and a mix of in-house and contract-based production to meet global and regional needs.
The Fast-Moving Consumer Goods (FMCG) market is experiencing significant shifts, driven by evolving consumer preferences and emerging trends. The increasing popularity of e-commerce as a distribution channel is reshaping the market landscape, offering convenience and accessibility to consumers. This trend is particularly noticeable in urban areas, where time-strapped consumers are turning to online platforms for their FMCG needs. Another key trend shaping the market is the growing demand for ready-to-eat food products. With consumers leading increasingly busy lives, the convenience offered by these products is a significant draw. However, this trend poses challenges for manufacturers and retailers, particularly in emerging economies where proper infrastructure is lacking.
The absence of reliable cold chain logistics and storage facilities can make it difficult to ensure the quality and safety of these products, creating a significant hurdle for market expansion. Companies seeking to capitalize on the opportunities presented by these trends while navigating the challenges must focus on building robust supply chain networks and investing in technology to enhance their e-commerce capabilities.

What will be the Size of the FMCG Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The Fast-Moving Consumer Goods (FMCG) market continues to evolve, with various sectors experiencing dynamic shifts. Ethical sourcing is a growing concern in the production of personal hygiene and personal care products, shaping brand management strategies. Oral care and bottled water segments witness increased competition, driving marketing efforts on e-commerce platforms. Health supplements and food products, including poultry and dairy, face regulatory compliance challenges. Supply chain management remains crucial for maintaining competitive advantage in the face of evolving consumer behavior. Dishwashing soaps, laundry detergents, and cleaning supplies adapt to consumer preferences, while sales promotion and product innovation are key strategies for retailers.

Consumer segmentation and product placement are essential for targeting various audiences. Non-alcoholic beverages, such as soft drinks and canned goods, navigate pricing strategies and distribution channels. Frozen foods, dry goods, and meat products focus on shelf life and product innovation. Brand loyalty is a significant factor in the market, with product lifecycle management playing a key role in maintaining customer engagement. Household goods, including bakery products and pet care, prioritize quality control and packaging materials. Tobacco products face regulatory pressures and shifting consumer attitudes. In the ever-changing FMCG landscape, seafood products, baby care, and household goods adapt to consumer trends.

Ingredient sourcing and inventory management remain crucial for maintaining market presence. Non-alcoholic beverages, laundry detergents, and retail stores leverage product innovation to stay competitive. Convenience stores and drug stores cater to specific consumer needs, while product packaging continues to evolve to meet changing preferences. The market's continuous dynamism is reflected in the ongoing unfolding of market activities and evolving patterns. Market players must remain agile and responsive to shifting consumer demands and regulatory requirements. Adapting to these changes is essential for maintaining a competitive edge and thriving in the ever-evolving FMCG landscape.

How is this FMCG Industry segmented?

The fmcg industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Food and beverage
  Personal and beauty care
  Health and hygiene care
  Home care


Distribution Channel

  Offline
  Online


Product Type