Think Forward: The Commerce Report.As advances in technology change the face of commerce, consumer behaviour and expectations are changing at a faster rate than ever before. To help enterprises thrive through these changes, PayPal has teamed up with leading consumer trend analyst company TrendWatching to investigate what we can expect on the commerce horizon over the next five years.
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Consumers around the world are asking for brands to lead the way to sustainable consumption. They actively seek brands making a difference and focusing in on environmental and social responsibility in their business practices, processes and products.
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The repercussions of the pandemic, combined with renewed calls for social equity and environmental responsibility have led to the rise of purpose-driven consumers who choose products and brands based on how well they align to their values.
Navigating the Conscious Consumer
Consumers are forecast to spend $353.9B
on secondhand purchases by 2030.1
Discover the latest trends and learn:
How reCommerce is risingLocal principles around conscious commerceWhere consumers are leading businesses over the next five years
Read the first report, Conscious Commerce
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Conscious consumerism is challenging traditional business models. Get to know this new breed of customers.
The resale market is growing 11 times faster than traditional retail and predicted to be worth $84B by 2030.2
Consumers are focused on the environmental impact of their purchasing decisions, but they still want things now.
of European shoppers now tend to choose products that are sustainably sourced and environmentally friendly.3
Connect with us to find out more about PayPal’s enterprise solutions and how we can help your business meet the expectations of tomorrow’s conscious consumers.
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1 The Reuse Report: The growth of the resale economy, October 2021
2 thredUp, 2021 Resale Report, June 2021
3 Statista, July 2021