The Global Retail E-commerce Packaging Market Size is valued at 17.73 billion in 2023 and is predicted to reach 28.05 billion by the year 2031 at a 6.07% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the report:
- The industry that employs packages the most is consumer electronics. In the electronics industry, there is a huge demand for eCommerce systems. The rise of the market overall is aided by the availability of high-quality devices.
- The e-commerce industry has been updating its marketing tactics to access a previously unexplored market as a result of an increase in internet usage in both urban and rural locations throughout the world. is expected to drive industry growth.
- Asia Pacific dominated the market and accounted for a revenue share of global revenue in 2023.
- One of the significant concerns restraining industry growth is the cost pressures on e-commerce retailers.
Packaging is necessary to protect the sales, distribution, and storage of products. Packaging for e-commerce includes both primary and secondary packaging. Packaging is made of enduring materials. The industry's eCommerce penetration is driving up packaging demand. The primary justification for packaged products is the improved buying experience on the website. Protective packaging, in particular, is essential now. These packages can withstand various weather conditions as well as shock and vibration.
Global e-commerce sales growth is supporting the market for e-commerce packaging. E-commerce has completely changed the retail industry, and it is rapidly displacing traditional retail outlets, including hypermarkets, supermarkets, and convenience stores.
Recent Developments:
- In March 2022, Corrugated material replaced plastics and non-recyclable materials in e-commerce packaging designed by DS Smith, a pioneer in sustainable packaging, cutting package costs by 20%.
- In June 2021, the extension of Mondi plc's plastic-free e-commerce packaging portfolio was announced. The business expanded its MailerBAG line of environmentally friendly paper products.
Competitive Landscape:
Some of the primary key players in the retail e-commerce packaging market are:
- DS Smith plc
- Intertape Polymer Group Inc.
- Georgic-Pacific LLC
- International Paper Company
- Mondi plc.
- Sealed Air Corporation
- 3M Company
- WestRock Company
- Pregis Corporation
- Smurfit Kappa Group
- Packaging Corporation of America
- Ventapel
- NIPPON PAPER INDUSTRIES CO., LTD.
- DynaCorp
- Orora Packaging Australia Pty
Market Segmentation:
The retail e-commerce packaging market is segmented into product, merchandise, and market types. On the basis of product type, the market is divided into protective packaging, boxes, mailers, labels, tape and others (shrink & stretch films, bags & pouches, etc.). On the basis of merchandise type, the market is segmented into consumer electronics, fashion (clothing, footwear, etc.), home furnishings, health, personal care & beauty, recreation goods, multimedia & software, food & beverages, homecare and others (books, automotive products, gifts). Based on market type, the market is bifurcated into third-party fulfilment & logistics companies, brick & mortar retailers, speciality retailers, and others.
Based on merchandise type, the consumer electronic industry segment is accounted as a significant contributor in the retail e-commerce packaging Market
The consumer electronics industry uses packages the most. eCommerce systems are in extremely high demand in the electronics sector. The availability of high-quality gadgets boosts the expansion of the market as a whole. There is a large number of electronics used on a daily basis. Due to everything said, more boxes and packaging supplies are used. China and other developing countries supply 38% of the global eCommerce market. As a result, developing countries have more options for retail e-commerce packaging. Other variables that contribute to an increase in market demand include the market's segmentation, which includes protective, corrugated, security, and tapes and label products.
The boxes segment witnessed growth at a rapid rate
The global industry was dominated by the box product segment, which brought in more than 32.00% of the total revenue. The high share was mainly related to the rise in demand for eco-friendly packaging products with high strength and sustainability, like corrugated boxes. Additionally, consumers' increasing reliance on online delivery of goods is probably going to increase demand for box packaging.
In the region, the Asia Pacific retail e-commerce Packaging Market holds a significant revenue share
The Asia Pacific is anticipated to dominate the global market over the forecast period. The demand for retail e-commerce packaging has grown in the region as a result of the expansion of the consumer products industry, the e-commerce sector, and industrialization. The massive consumer base in APAC's developing nations like China and India is anticipated to fuel the expansion of the global retail e-commerce packaging market. Besides, North America is expected to grow at a significant rate over the forecast period. The market has benefited from a rise in research and development, the working population, the demand for ready-to-eat foods, and the demand for consumer electronics. Packaged food and beverages are increasingly popular among American consumers. Convenience, conservation of energy and resources, and product freshness are all benefits of retail e-commerce packaging.
Retail E-commerce Packaging Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 17.73 billion |
|
Revenue forecast in 2031 |
USD 28.05 billion |
|
Growth rate CAGR |
CAGR of 6.07% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, Volume (Tons) and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments covered |
Product, Merchandise, And Market Types |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
DS Smith plc, Intertape Polymer Group Inc., Georgic-Pacific LLC, International Paper Company, Mondi plc., Sealed Air Corporation, 3M Company, WestRock Company, Pregis Corporation Smurfit Kappa Group, Packaging Corporation of America, Ventapel, NIPPON PAPER, DUSTRIES CO., LTD., DynaCorp, and Orora Packaging Australia Pty Ltd. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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