Platform Delivery - Papua New Guinea

Papua New Guinea

Highlights

The Platform Delivery market in Papua New Guinea is expected to witness significant growth in the coming years.
According to projections, the market's revenue is anticipated to reach US$586.10k in 2024.
This growth is expected to continue at a compound annual growth rate (CAGR) of 11.80% from 2024 to 2029, resulting in a projected market volume of US$1.02m by 2029.
Moreover, the number of users in the Platform Delivery market is expected to reach 71.6k users by 2029.
This indicates a steady increase in user penetration, which is projected to be 0.4% in 2024 and is expected to reach 0.6% by 2029.
The average revenue per user (ARPU) in this market is estimated to be US$14.01.
This metric provides insights into the revenue generated by each user, highlighting the market's potential for profitability.
In terms of global comparison, China is expected to generate the highest revenue in the Platform Delivery market, with a staggering US$166.80bn in 2024.
Additionally, China boasts the highest user penetration rate at 52.8%, indicating the country's strong adoption of platform delivery services.
Papua New Guinea is witnessing a surge in online platform delivery services, revolutionizing the way goods and services are accessed and consumed in the country.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Platform Delivery market in Papua New Guinea has been experiencing a steady growth in recent years.

Customer preferences: Customers in Papua New Guinea are increasingly looking for convenience and efficiency in their daily lives, which has led to a growing demand for platform delivery services. With the rise of e-commerce and online shopping, customers are looking for ways to receive their purchases quickly and reliably.

Trends in the market: One of the major trends in the Platform Delivery market in Papua New Guinea is the increasing use of mobile devices to access and use delivery platforms. As more and more people in Papua New Guinea gain access to smartphones and mobile internet, they are turning to delivery platforms as a way to shop and receive goods. Another trend is the growth of local delivery platforms, which are tailored to the specific needs and preferences of customers in Papua New Guinea.

Local special circumstances: Papua New Guinea is a country with a unique geography and infrastructure challenges. Many areas of the country are remote and difficult to access, which makes traditional delivery methods impractical. This has created a niche for platform delivery services, which are able to reach even the most remote areas of the country. Additionally, the country has a large informal economy, which has led to the growth of delivery platforms that cater to small businesses and individual sellers.

Underlying macroeconomic factors: The growth of the Platform Delivery market in Papua New Guinea is being driven by a number of underlying macroeconomic factors. These include the increasing availability of mobile internet and smartphones, as well as the growth of e-commerce and online shopping. Additionally, the country's young and growing population is driving demand for new and innovative services, including platform delivery. Finally, the government of Papua New Guinea has been actively promoting the growth of the digital economy, which has helped to create a favorable regulatory environment for platform delivery services.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.