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In 2020, domestic parcel traffic increased to over **** billion units from ** billion parcels in the previous year.

Parcel traffic as an indication of global economic transformation

The global economy experiences a transformation as the e-commerce and online services advance to keep up with the changing needs of individuals. Recently developed terms and conditions for online shopping are one of the main contributors that enable individuals to fulfil their desires with ease. Consequently, we observe an increasing demand for parcel delivery services globally. In less than a decade, global parcel shipping volume almost tripled, reaching over *** billion parcels delivered in 2020. Yet, this is only the beginning of an internationally expanding industry. By 2026, this market is expected to reach over *** billion parcels delivered. In 2020, firms operating in the global parcel shipping market generated over *** billion U.S. dollars in revenue. Cooperation between e-commerce firms and parcel delivery companies seem to work smooth such that customers can often order with no additional charge for delivery. For instance, in a 2020 survey, roughly ** percent of respondents stated that cross-border online commerce services offer a type of free delivery.

Cross-country parcel shipping volume

Despite the fact that global parcel shipping volume increases, there is a huge variation between countries based on the volume of parcel shipping. In less-developed market economies, parcel delivery services are still at their infancy levels. In 2020, China was the leading market for parcel shipping, with over ** billion parcels delivered. The second-largest market was the U.S., with over ** billion parcels, which was followed by Japan with *** billion parcels delivered. In the fiscal year of 2020, over *** billion parcels were received and sent by mail in the U.S.