The global e-commerce packaging market size is anticipated to expand at CAGR of 13.8% during the forecast period, 2021 to 2028. The growth of the market is attributed to increasing demand for apparels and accessories among consumers.
E-commerce packaging refers to packaging of products purchased on e-commerce websites, wherein the warehouse regulates the size, efficiency, and attractiveness of the packaging for safe delivery of the products.
Rising trend of cross-border shopping owing to increasing demand for high- quality efficient packaging is expected to spur the market growth during the forecast period.
The e-commerce goods market has grew by more than 20% since the year 2020 due to the COVID-19 pandemic. The outbreak has increased the dependency of grocery shopping on the e-commerce platforms, which in turn, has risen the demand for e-commerce packaging products. Growing concerns regarding the plastic wastage have encouraged the companies to focus toward minimizing the usage and introduce packaging products that are 100% recyclable and biodegradable. Increasing demand for sustainable packaging solutions is expected to act as an opportunity for the e-commerce packaging market.
Market Drivers, Restraints, Trends, and Opportunities
- Rising penetration of Internet in the emerging countries is creating potential growth opportunities for new entrants and emerging players..
- Increasing government regulations with respect to packaging and rising environmental concerns can restrain the growth of the market. However, the shift toward sustainability can create lucrative opportunities for the industry players.
- Rapid expansion in the electronic division and growing demand for packaged food products are some of the key drivers of t boost the market share.
- Technological advancements for developing effective and environmental friendly e-commerce packaging are expected to create opportunities for market.
- The government rules and regulations regarding packaging will be restraining the demand of the e-commerce packaging market.
Scope of the Report
The report on the global e-commerce packaging market includes an assessment of the market, trends, segments and regional markets. Overview and dynamic have also been included in the report.
||E-commerce Packaging Market Research Report- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
||Types (Boxes, Bags, Tapes, Protective Packaging, Labels, Mailers and Others), Materials (Plastics, Corrugated Board, Paper & Paperboard, Glass and Others), Application (Electronics and Electrical, Apparels and Accessories, Personal Care, Household, Food and Beverages, Retail, Automotive, Pharmaceuticals, and Others)
||North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
|| Market Analysis and Size, Market Segment, Competitive Landscape, Driving Factors, and Trends, and Revenue Forecast
|Key Players Covered in the Report
||International Paper, Smurfit Kappa, NIPPON PAPER INDUSTRIES CO., LTD., Crawford Packaging, Georgia-Pacific, DS Smith, Mondi, Packaging Corporation of America, Salazar Packaging, Inc., Lil Packaging USA, Amcor Plc, Klabin S.A., Sealed Air, RENGO PACKAGING INC., Orora Packaging Australia Pty Ltd, RAJAPACK Ltd, SAN DIEGO PAPER BOX COMPANY, Spartan Paperboard, The Box Co-Op, Roberts PolyPro, Inc., and actionpakinc .
E-commerce Packaging Market Segment Insights
Protective packaging segment to account a significant market share
Based on product types, the market is divided into boxes, bags, tapes, protective packaging, labels, mailers, and others. The protective packaging segment accounted for more than 30% of the market share in 2020, and is projected to expand at a steady rate during the forecast period. Increasing electronics and food & beverages sales through online platforms is speculated to proliferate the growth of the market segment.
Corrugated board segment to dominate the market share
In terms of materials, the market is segregated into plastics, corrugated board, paper & paperboard, glass and others. The corrugated board segment is anticipated to dominate during the forecast period. Corrugated boxes facilitate transport of anything from books to frozen fish around the world. Many other packaging materials are denounced as problematic and harmful to the environment, but corrugated boxes are 100% recyclable. They are bio-based and biodegradable alternative to fossil-based products, driving the growth of the market segment.
Food & beverages segment to account a significant market share
On the basis of applications, the market is segmented into electronics and electrical, apparels and accessories, personal care, household, food and beverages, retail, automotive, pharmaceuticals, and others. The food & beverages segment is anticipated to account for a significant market share owing to rising online delivery of food & beverages due to the COVID-19 pandemic, followed by personal care and pharmaceutical segments. The purchase of electronic appliances are expected to slow down during the pandemic as consumer confidence and incomes drop have delayed major purchases.
The market in Asia Pacific to exhibit a high CAGR
Based on regions, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. The market in Asia Pacific is expected to exhibit a high CAGR during the forecast period. Growing consumers awareness toward increasing use of e-commerce shopping is driving the growth of the market in the region. Moreover, easy availability of the product from the on the e-commerce platforms is driving the regional market growth. On the other hand, Europe is anticipated to dominate the market due to the growing usage of the electronics and electrical products.
Segments Covered in the Report
The global e-commerce packaging market has been segmented on the basis of:
- Protective Packaging
- Corrugated Board
- Paper & Paperboard
- Electronics and Electrical
- Apparels and Accessories
- Personal Care
- Food and Beverages
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
- International Paper
- Smurfit Kappa
- NIPPON PAPER INDUSTRIES CO., LTD.
- Crawford Packaging
- DS Smith
- Packaging Corporation of America
- Salazar Packaging, Inc.
- Lil Packaging USA
- Amcor Plc
- Klabin S.A.
- Sealed Air
- RENGO PACKAGING INC.
- Orora Packaging Australia Pty Ltd
- RAJAPACK Ltd
- SAN DIEGO PAPER BOX COMPANY
- Spartan Paperboard
- The Box Co-Op
- Roberts PolyPro Inc.
The major players covered in the e-commerce packaging market are International Paper, Smurfit Kappa, NIPPON PAPER INDUSTRIES CO., LTD., Crawford Packaging, Georgia-Pacific, DS Smith, Mondi, Packaging Corporation of America, Salazar Packaging, Inc., Lil Packaging USA, Amcor Plc, Klabin S.A., Sealed Air, RENGO PACKAGING INC., Orora Packaging Australia Pty Ltd, RAJAPACK Ltd, SAN DIEGO PAPER BOX COMPANY, Spartan Paperboard, The Box Co-Op, Roberts PolyPro, Inc., and actionpakinc.