E-Commerce Packaging Market: Rapidly rising online shopping platform is benefitting market growth
Category: Packaging Published Date : October 2022 ID: CVC-00221 Format: PDF Pages: 300
E-commerce Packaging Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global E-commerce Packaging Market was worth US$ 57.0 Bn and is expected to grow at a CAGR of 16.5% over the forecast period. The market is expected to hit US$ 193.3 Bn by 2030 end.
Until the package is delivered to the consumer from the package’s provider, the components of the packet are moved, stored, and protected using e-commerce packaging techniques. Depending on the item’s contents and demand, the items in such packaging vary in size, shape, quality, and stiffness.
Cross-border shopping’s rising popularity has increased the demand for effective, high-quality packaging. The need for high-quality, economical packaging has increased dramatically as cross-border shopping becomes more and more common.
THE INCREASE IN THE ONLINE SHOPPING IS DRIVING THE MARKET GROWTH
The use of its packaging solutions and alternatives has expanded as e-adoption commerce, and the rapidly expanding electronic goods industry have grown. With benefits over traditional big-box stores, including free delivery, quick deliveries, and simple, fast returns, consumers have flocked to online shopping, which is expected to fuel total development.
The majority of people in emerging nations now have greater access to the internet thanks to increased online penetration, which presents an enormous opportunity for package suppliers and e-commerce marketers to target specific client categories and earn significant market share.
STRINGENT GOVERNMENTAL REGULATIONS HAMPER THE MARKET GROWTH
Rising government regulations about corrugated packaging and public concern over environmental preservation are the primary factors expected to impede growth in the Global E-Commerce Packaging Market sector, which is forecasted.
By Region and Country:
Which material type of E-commerce Packaging is expected to grow fastest during the projected period?
Due to the fact that many e-commerce companies are looking at sustainable packaging solutions in addition to lowering plastic waste and moving toward paper-based packaging, corrugated boards have become the largest worldwide e-commerce packaging throughout the anticipated time.
The consumer technology industry, which is sensitive to environmental effects and may profit from a better design that makes packaging more trustworthy, is also thought to be affected by the change.
Why is the apparels & Accessories segment expected to expand the fastest during the forecast period?
Compared to other applications of the Global E-Commerce Packaging Market over the predicted period, apparel and accessories are the segments with the highest growth rate in the Global E-Commerce Packaging Market due to the demand for quickly changing trends. All countries only need to keep updating their citizens to keep up with the trends.
Which region is expected to expand the fastest during the forecast period?
In 2021, Asia Pacific maintained a leading position in the market, and it is anticipated that it will continue to do so during the forecast period. Due to the expanding clientele brought on by the developing economies of important nations like China and India, there are many e-commerce deliveries in the areas. It will therefore increase demand for more packaging items in the area.
The major participants in the retail and e-commerce packaging industries are concentrating on diversifying their product offerings while introducing new products that fulfill the current recyclable and sustainable packaging standards.
Some of the key developments that have taken place in the E-commerce Packaging Market include:
A list of some of the key suppliers present in the market are:
Global E-commerce Packaging Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Billion for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Forms, Material, End-Use, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|