Pune, India, Oct. 16, 2023 (GLOBE NEWSWIRE) -- The global e-commerce packaging market was USD 46.50 billion in 2022 and the market is anticipated to expand from USD 49.74 billion in 2023 to USD 86.93 billion by 2030, exhibiting a CAGR of 8.3% over the study period.
The surge is driven by the increasing product demand in developing economies due to soaring disposable income. An additional factor fueling industry expansion in these countries is the growing number of smartphone users.
Fortune Business Insights™ provides this information in its research report, titled “E-commerce Packaging Market, 2023-2030”.
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List of Key Players Mentioned in the E-commerce Packaging Market Report are:
- Amcor plc (Switzerland)
- Mondi Group (U.K.)
- International Paper Company (U.S.)
- Smurfit Kappa (Ireland)
- DS Smith (London)
- Klabin S.A (Brazil)
- Georgia-Pacific LLC (U.S.)
- Rengo Co., Ltd. (Japan)
- Orora Packaging Australia Pty Ltd. (Australia)
- Berry Global (U.S.)
- Sealed Air (U.S.)
- Transcontinental Inc. (Canada)
Report Scope & Segmentation:
| Report Attributes | Details |
| Forecast Period | 2023-2030 |
| Forecast CAGR | 8.3% |
| 2030 Value Projection | USD 86.93 Billion |
| Market Size in 2023 | USD 49.74 Billion |
| Historical Data | 2019-2021 |
| No. of Pages | 253 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
| Segments Covered |
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| Regions Covered |
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| E-commerce Packaging Market Growth Drivers | The surge in online purchases of essential items has significantly contributed to market expansion during the pandemic. |
| Allocating resources towards the adoption of environmentally sustainable packaging will enhance market growth |
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/e-commerce-packaging-market-104885
Segmentation:
Paper & Paperboard Segment to Lead, Impelled by Wide Product Usage in the Food & Beverage Sector
On the basis of material, the market is subdivided into plastic, glass, paper & paperboard, and others. The paper & paperboard segment holds a dominant share in the market and is set to record notable growth over the projected period. The rise is driven by the extensive use of paperboard for packaging food items such as dry goods, candy, dairy products, beverages, and frozen foods.
Rigid Packaging Segment to Exhibit Fastest Growth, driven by Soaring Deployment for Carrying Heavyweight Products
On the basis of packaging type, the market is fragmented into rigid and flexible. The rigid packaging segment is slated to grow at the fastest rate over the forecast period. This can be attributed to the growing usage of rigid packaging solutions in carrying heavyweight items such as electronic goods, fruit, wine, appliances, and vegetables.
Food & Beverages Segment Holds Major Share Owing to Rise in Brand Loyalty Programs
On the basis of end-users, the market for e-commerce packaging is subdivided into food & beverages, apparel & accessories, pharmaceuticals, electronics & electrical, personal care & cosmetics, and automotive. The food & beverages segment holds a key share in the global market. The expansion can be credited to an increase in online food delivery and an upsurge in brand loyalty programs.
Based on geography, the market for e-commerce packaging has been analyzed across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The E-commerce packaging market research report gives an in-depth analysis of the major factors driving the market. It further provides an overview of the key trends in the market. Other components of the report include an account of the pivotal steps undertaken by leading companies to consolidate their market positions.
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COVID-19 Impact:
Market Surged due to Rising Purchase of Essential Commodities from E-commerce Platforms
The pandemic period recorded an increase in e-commerce sales as consumers preferred staying away from physical stores due to fear of contracting the virus. Some of the essential products that reached healthcare providers, businesses, and consumers through e-commerce included testing kits, food, vaccines, hand sanitizers, personal protective equipment, and others. These factors favored industry expansion during the COVID-19 pandemic.
Drivers and Restraints:
Increase in Market Value Owing to Global E-commerce Expansion
The e-commerce packaging market growth is being propelled by the expansion of the e-commerce sector across the globe. This can be credited to the escalating internet penetration in emerging economies. An additional factor fueling industry growth is the expansion of online grocery sales channels across North America, Asia Pacific, and Europe.
However, the lack of e-commerce awareness among the rural population may restrain market expansion to some extent.
Regional Insights:
North America to Hold Prominent Market Share Owing to Rising RTE Product Demand
North America's e-commerce packaging market share is set to lead the global market. This can be attributed to the surging demand for Ready-to-Eat (RTE) products and a rise in research and development activities.
Asia Pacific market is slated to register notable growth over the forecast period. The surge is impelled by the expanding e-commerce sector in the region.
Competitive Landscape:
Leading Companies Ink Partnership Agreements to Increase Geographical Footprint
Major industry players are keen to enter collaborations and partnership agreements for consolidating their market positions. Key companies are also deploying strategic initiatives to increase their geographical footprints and expand the reach of their e-commerce packaging products.
Key Industry Development:
- September 2022 – Amcor announced an investment of up to USD 45 million in ePac Flexible Packaging. The investment would enhance the company’s minority shareholding in ePac Holdings LLC.
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Detailed Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Countries
- Latest Industry Advancement
- Regulatory Landscape
- SWOT Analysis
- Porters Five Forces Analysis
- Impact of COVID-19 on the E-commerce Packaging Market
- Global E-commerce Packaging Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Material
- Plastic
- Paper & Paperboard
- Glass
- Others
- Market Analysis, Insights and Forecast – By Packaging Type
- Flexible
- Bags & Pouches
- Tapes
- Wraps & Films
- Mailers
- Rigid
- Corrugated Boxes
- Bottles
- Cartons
- Hinged & Lidded Containers
- Trays
- Flexible
- Market Analysis, Insights and Forecast – By End User
- Food and Beverages
- Pharmaceuticals
- Personal Care & Cosmetics
- Electronics and Electricals
- Apparels and Accessories
- Automotive
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America E-commerce Packaging Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Material
- Plastic
- Paper & Paperboard
- Glass
- Others
- Market Analysis, Insights and Forecast – By Packaging Type
- Flexible
- Bags & Pouches
- Tapes
- Wraps & Films
- Mailers
- Rigid
- Corrugated Boxes
- Bottles
- Cartons
- Hinged & Lidded Containers
- Trays
- Flexible
- Market Analysis, Insights and Forecast – By End User
- Food and Beverages
- Pharmaceuticals
- Personal Care & Cosmetics
- Electronics and Electricals
- Apparels and Accessories
- Automotive
- Others
TOC Continued...!
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