asia pacific news and archive

Textile recycling market predicted to hit 11.88 billion USD by 2030

The recycled textile market could be worth more than you’d think, as the global sector is showing signs of significant growth. Driven by a rising demand for sustainable materials, government regulations promoting circular economy practices, and urgent environmental challenges, a new report indicates the global textile recycling market could be...

Featured

Retail

E-commerce in Asia Pacific to double in next 5 years

Total online retail revenue will nearly double in the Asia Pacific region from 733 billion US dollars in 2015 to 1.4 trillion US dollars in 2020, given a compound annual growth rate of 14.3 percent over the next five years. This is what global research and advisory firm Forrester found out, looking at trends in China, Japan, South Korea, India...

Retail

Asia Pacific dominates worldwide online retail

With sales touching 877.61 billion US dollars, Asia Pacific will dominate the worldwide e-commerce market this year, which marks an increase of 35.7 percent compared to 2014. For the first time ever, the region will not only sport the largest digital retail market in the world - which grows 10 percent faster than any other - but will also have...