Retail E commerce Packaging Market Size, Share & Trends 2030

Report Description

The global retail e-commerce packaging market size was around USD 27.35 billion in 2021 and is anticipated to reach USD 128.13 billion by 2030, expanding at a compound annual growth rate (CAGR) of around 16.8% during the forecast period, 2022 to 2030. The market growth is attributed to the increasing number of online shopping platforms across the globe.

The e-commerce industry boomed, especially during the COVID-19 situation. During the pandemic, the majority of consumers preferred shopping online, due to the closure of several retail locations and fear of the virus spread. Global e-commerce retail sales have risen to around 22% from around 15% in 2019. The e-commerce industry is expected to register continuous growth in the coming years, owing to increasing penetration of the internet, growing adoption of smart devices among consumers, and marketplace expansions.

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The growth in the e-commerce industry drives the growth of the global retail e-commerce packaging market, as manufacturers are increasingly adopting various retail e-commerce packaging solutions to package, transport, and present their goods and products to consumers. Retail e-commerce packaging products use several materials such as plastic, paper, cardboard, and others.

Manufacturers choose from several types of retail e-commerce packaging such as protective packaging, security envelopes, corrugated boxes, mailers, tapes, labels, and others to package the goods and products. Retail e-commerce packaging is used to grab the attention of customers when the packaged products are presented on online retail platforms. Suitable packaging aids companies to create a brand image as well as brand loyalty. Retail e-commerce packaging offers several other benefits such as safety during transportation.

High-strength and sturdy packaging solutions such as corrugated boxes help manufacturers to keep products safe and avoid any damage during transportation and handling. These packaging solutions provide brand information and provide information on how to use products to consumers.

COVID-19 Impact

According to the market report, COVID-19 had a positive impact on the global retail e-commerce packaging market. The lockdown, social distancing policies, travel restrictions, and other pandemic-related regulations propelled a large number of consumers to shift toward e-commerce retail platforms. Several physical stores were shut down, and the remaining open physical or brick-and-mortar stores witnessed declined foot traffic during the pandemic.

An increasing number of consumers preferred to shop on online retail platforms to shop for essential products such as healthcare products, food items, and beverages. The increasing adoption of retail e-commerce platforms boosted the demand for retail e-commerce packaging solutions across the globe. This boosted the global retail e-commerce packaging market growth during the pandemic.

Market Dynamics

The global retail e-commerce packaging market research report presents a complete overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The global retail e-commerce packaging market report has up-to-date insights about market dynamics and market scenarios that can shape the overall market performance and output during the forecast period, 2022 to 2030.

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Major Trends:

Sustainable packaging is one of the key market trends

Growing number of consumers are becoming aware of the negative effects of plastic packaging materials on the environment. Plastic waste left behind from packaging materials takes a huge amount of time to disintegrate affecting the planet negatively. To avoid the negative environmental effects, several manufacturers are investing in easy-to-dispose and sustainable packaging materials.

Key Drivers:

Surge in the e-commerce industry boosts the global market

Huge number of consumers are increasingly inclined towards online shops than physical shops in recent years. Rapid urbanization, growing population, and rising disposable income are some of the major factors fueling the increasing prevalence of online shopping. Growing demand for good quality packaging, rising consumption of packaged food & beverage items, and convenient shopping solutions provided by e-commerce retailers boost the industry, which drives the global retail e-commerce packaging market.

Growing demand for strong packaging solutions drives the global market

An increasing number of consumers prefer to shop online, as online platforms are convenient where goods are delivered to the consumers. There are chances of goods getting damaged during transport and handling. Therefore, there is high demand for high-quality packaging products such as corrugated boxes to package goods safely and avoid any kind of damage to it. This spurs the global retail e-commerce packaging market growth.

Existing Restraints:

Strict government regulations concerning corrugated boxes

Demand for corrugated boxes is increasing, as these boxes are being highly adopted in the packaging industry for packing various kinds of goods. However, continuously changing and stringent government policies and regulations regarding corrugated boxes and other packaging materials restrain the growth of the global retail e-commerce packaging market. Packaging manufacturers need to adhere to these strict regulations while producing and packaging various goods. This hampers the global retail e-commerce packaging market growth.

Increasing environmental concerns and high demand for environment-friendly packaging

Increasing awareness regarding the negative effects of plastic packaging materials and plastic packaging waste on the environment has propelled manufacturers to replace the most used packaging material, which is plastic, with environment-friendly packaging materials. Manufacturers need to adopt more sustainable and expensive packaging materials than plastic, which is anticipated to hinder the growth of the global retail e-commerce packaging market in the coming years.

Emerging Opportunities:

Increasing demand for packaged consumer goods from developed and developing countries

Rapid urbanization, increasing population, and rising disposable income from developed as well as developing countries are expected to boost the demand for retail e-commerce platforms and services. Growing consumer inclination towards shopping from e-commerce platforms offers growth opportunities to market players.

Scope of the Report

The global retail e-commerce packaging market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Corrugated boxes segment registers a high CAGR

On the basis of type, the global retail e-commerce packaging market is divided into security envelopes, protective packaging, tapes & labels, corrugated boxes, mailers, and others. The corrugated boxes segment is expected to hold a key market share during the forecast period, owing to the growing demand for durable and high-strength packaging solutions across the globe.

Corrugated boxes are made with several layers of cardboard material, which makes them durable. Corrugated boxes can hold several heavy products. These boxes provide safety to the products in transportation. These are some of the major factors that drive the segment growth.

The protective packaging segment held a large market share of around 35% in 2019, and it is projected to expand further during the forecast period. Protective packaging products are used to protect products or goods from shock and vibration damage during transportation. These types of packaging solutions aid in protecting goods from transit & handling hazards and other atmospheric factors, which drives the protective packaging segment growth.

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Corrugated cardboard segment holds a key market share

In terms of material, the global retail e-commerce packaging market is segregated into paper, plastic, corrugated cardboard, and others. The corrugated cardboard segment is projected to register rapid growth during the forecast period, owing to increasing demand for sustainable packaging materials across the globe.

A growing number of e-commerce companies are investing in environment-friendly and paper-based packaging solutions such as corrugated cardboard products to reduce plastic waste that is generated from packaging materials. Corrugated cardboard products are smartly designed, which helps makes it easy to use them. This is one of the major factors boosting the corrugated cardboard segment.

The paper segment is estimated to hold a significant market share, due to the increasing adoption of paper as a packaging material across the world. An increasing number of packaging manufacturers investing in sustainable packaging solutions such as paper packaging products boosts segment growth. Rising research and development activities in sustainable packaging propel the paper segment growth.

Apparel & accessories segment expands rapidly

Based on applications, the global retail e-commerce packaging market is divided into consumer electronics, home furnishings, beauty & personal care, food & beverages, apparel & accessories, healthcare, and others. The apparel & accessories segment is expected to attribute a high market share value during the forecast period, due to continuously changing fashion trends across the globe. Growing population, rapid urbanization, and increasing disposable income among buyers have boosted the fashion industry across the globe, which increases the demand for apparel and accessories packaging solutions.

The consumer electronics segment is estimated to register a significant CAGR in the coming years, as increasing demand and sale of various consumer electronics products on various e-commerce platforms. Increasing demand for high-quality, high-strength, and durable packaging solutions in the consumer electronics industry fuels the segment growth.

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Asia Pacific to dominate the global market

On the basis of region, the global retail e-commerce packaging market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The retail e-commerce packaging market in Asia Pacific is expected to register a high CAGR during the forecast period, owing to rapid growth in the e-commerce industry in countries such as India, China, and Indonesia.

China holds around 40% of global retail e-commerce sales with electronics and home appliances retailers dominating the market in the country. Rising middle, increasing disposable income, and wide usage in small gadgets and appliances in countries such as China, India, and Indonesia are expected to boost the retail e-commerce packaging market in Asia Pacific. Increasing penetration of the internet, rising usage of smart devices, and high availability of e-commerce retail platforms in Asia Pacific facilitate further expansion of the market in the region.

The retail e-commerce packaging market in North America is anticipated to expand at a rapid pace, owing to increasing research and development activities regarding sustainable packaging solutions across the region. The wide presence of several market players and the high adoption of sustainable packaging solutions in the region fuels the growth of the market in North America.

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