A new year brings new opportunities, new legalities, and new prices. For many industries, the last few years have been difficult, and with economic issues, the effects of the COVID-19 pandemic still being felt, and turbulent world affairs – it’s safe to say that 2023 is still going to be a challenge. But it’s not all doom and gloom, and as people continue to innovate, evolve, and redefine what their businesses are practicing, there is new growth and development to be found.
At present, the five industries that are expected to see some of the biggest growth in 2023 are:
Shipping and Delivery Services
Despite increases in fuel prices and disruptions in some areas of the world, the shipping and delivery industry is looking to see a large increase in 2023 and beyond; this has been influenced by the continued growth and usage of online shopping.
In 2021 there were 159 billion parcels shipped worldwide, and this is expected to reach 185 billion in 2023 and 256 billion by 2027.
Some of the key players with the largest market share include:
- United Parcel Service Inc (UPS)
- FedEx Corporation
- Deutsche Post DHL Express
Unsurprisingly, the Healthcare industry continues to grow and thrive across the globe, with revenue in the segment projected to reach $63.90 billion in 2023, seeing a 19% expansion.
The biggest growth in the sector can be found with the sale of:
- Vitamins and minerals
- Cold and cough remedies
- Skin retreatment
- Hand sanitiser
The countries across the globe which are seeing the largest amount of revenue from their healthcare industries are China, United States, Japan, United Kingdom, and Canada.
Travel and Food
Although the travel industry was heavily impacted by the COVID pandemic, and is yet to return to pre-pandemic levels, global tourism is expected to increase by 30% in 2023 on top of the 60% growth that was seen in 2022.
Economic downturns and sanctions, as well as zero-COVID strategies are delaying a full recovery, but the industry is recovering well.
Food sales have been impacted by inflation and a wavering of consumer confidence in spending, but in 2023 sales are expected to pick up in the later half of the year, with growth of 3.6% to 4.7% predicted, compared to 1% to 2.3% in the beginning of the year.