Ecommerce Packaging Market Size Worth $123 Billion By 2030: IndustryARC
Research Reports
Oct 07, 2023
Ecommerce Packaging Market size is predicted to reach $123 billion by 2030, growing at a CAGR of 12.4% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC. The surging demand for high quality and effective packaging, increasing stabbing of smartphones, internet and online spending enhance The high customer dependency on online shopping and capability of the population on purchasing are poised to propel the market growth, finds IndustryARC in its recent report, titled “Ecommerce Packaging Market Size, Share & Trends Analysis Report [By Product (Corrugated Box, Polybags, Tapes, Protective Packaging, Mailers and Others), By Material (Plastic, Corrugated Board, Paper & Paperboard and Woods and Others), By Market Type (Third Party fulfilment & Logistic Companies, Brick and Mortal Retailers, Speciality Retailers and Others), By End User (Electronics & Electrical, Apparels & Accessories, Personal Care, Household, Food and Beverages, Retail, Automotive , Pharmaceutical and Others) By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030].
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Ecommerce Packaging Market 2023-2030: Segmentation
|
Report Metric |
Details |
|
Base Year Considered |
2022 |
|
Forecast Period |
2023–2030 |
|
CAGR |
12.4% |
|
Market Size in 2030 |
$123billion |
|
Segments Covered |
Product, Material, Market Type, End-User and Geography. |
|
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), Latin America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
|
Key Market Players |
Amcor Flexibles India PLC. Mondi Group PLC. International Paper Company. Smurfit Kappa Group PLC. D S Smith Products and Services India PLC. KLABIN SA Georgia-Pacific LLC. Nippon Paper Industries Co., Ltd. Pacman Middle East LLC. Sealed Air Corp Rengo Co., Ltd. Hanchett Paper Co. |
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Ecommerce Packaging Market Report – Key Takeaways:
Fastest Growth of Asia Pacific Region
Geographically, in the global Ecommerce Packaging Market share, Asia Pacific was the largest contributor with the revenue share of 45% followed by North America during the forecast period 2023-2030 Due to the increase in the customer base because of the growing economics of the known major countries like India, China ETC. are driving the number of Ecommerce Industries. And North America is estimated to grow with the highest CAGR of 13.1 % to become the second largest contributor by the end of 2030. Major Factors responsible for North America’s growth are eco-friendly food packaging market, growing awareness among people in that region, consumer preferences toward recyclable and eco-friendly packaging materials and increasing demand for packaged food and ready to eat food and advancements in food packaging
Pharmaceuticals to Register the Fastest Growth
In the Ecommerce Packaging Market analysis, the pharmaceutical segment is estimated to grow with the highest CAGR of 13.2% during the forecast period. These Pharmaceuticals are greatly in demand due to increase in product innovations and serialized drug tracking and tracing to meet new opportunities. The expansion of the market attributed advanced manufacturing processes used to develop eco-friendly packaging solutions is nourishing growth opportunities for this particular segment.
Corrugated Boards are Leading the Market
According to the Ecommerce Packaging Market forecast, the boxes segment Expected to grow with CAGR of 12.0% during the forecast period 2023-2030. The global industry was dominated by this segment. The high share is because of the rise in eco-friendly packaging products. Eco-friendly packaging products are of high strength and high sustainability like corrugated boxes which is marked as the largest ecommerce packaging market that follows sustainable packaging in addition of reducing the plastic. So, this segment is currently in higher demand as they generate sustainability and additionally, reducing the plastic usage further bolsters the higher demand for Ecommerce Packaging Market.
Expansion of Ecommerce Industry
Growth in E-shopping and increase in the electronic goods bought a rise in usage of Ecommerce platforms and packaging products. Online shopping offers more benefits over conventional retailers such as free delivery, delivery speed and easy returns these factors are driving the customer benefits of online shopping. This is also estimated to grow the Global growth.
Rising Demand of Packaged Food
The growing preference for online shopping is also increasing the demand for the packaged food. Packaged food is major factor that is expected to rise the global ecommerce packaging market over the forecast period. This concept also increases the demand for sustainable packing solutions across supply chain manufacturers and environmental concerns. These are the main reasons accounted for the growth in the near future.
Lack of Awareness about Ecommerce
Lack of awareness of ecommerce in rural areas barricade the growth of ecommerce packaging market. Lack of trust on online platforms is another factor which is the reason for dropdown of ecommerce packaging market. Minimum knowledge about the technology can also affect the growth.
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Key Opportunity Analysis:
Technology Advancement
The product advancements in various fields will enlighten the design and manufacturing process which is helpful for the market expansion. Technological advancements that are useful for effective and eco-friendly packaging are likely to create more beneficial opportunities in the Global Ecommerce Market. Emerging new markets will act as market drivers and further boost beneficial opportunities for the market’s growth rate.
High Demand for Sustainable Packaging
The manufacturing companies are following uniform market strategies for different products that also include online purchasing is expanding the market growth which is the main reason behind Sustainable Market. The high share is because of the rise in eco-friendly packaging products which are of high sustainability.
In March 2022, Corrugated Materials Replaced plastics in e-commerce packaging is allotted by DS Smith, explorer in sustainable packaging by reducing the cost of packaging by 20%.
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The Report also Covers the Following Areas:
Ecommerce Packaging Market Size and Forecast
Ecommerce Packaging Market Trends
Ecommerce Packaging Market Analysis by Product Type
Ecommerce Packaging Market 2023-2030: Key Highlights
CAGR of the market during the forecast period 2023-2030
Value Chain analysis of key stake holders
Detailed analysis of market drivers and opportunities during the forecast period
Ecommerce Packaging Market size estimation and forecast
Analysis and predictions on end users’ behaviour and upcoming trends
Competitive landscape and Vendor market analysis including offerings, developments, and financials
Comprehensive analysis of challenges and constraints in the Ecommerce Packaging Market
Covid and Ukrainian Crisis Impact:
COVID-19 outbreak resulted in increase of demand for the Ecommerce Packaging Market when compared to before the pandemic. Due to the trend of ordering and the growth of online business with the increasing population market is expected to rise. Ecommerce played a vital role because the demand for vegetables, medicines, groceries and other products increased during the pandemic as customers gave a thought for the platform that does not transmit the virus and other infectious diseases. The main flex of Ecommerce is it offered door-to-door service with limited people which boosted the growth of the market.
Russia- Ukraine conflict has caused major disruptions in the Ecommerce Industry as it made sourcing and the delivery patterns more difficult. many global Ecommerce industries suffered in terms of capital and manufacturing costs. Yet millions of orders are under processing which need to be recovered. Ecommerce Industry is trying to develop out of this Conflict with Re-Establishment of supply chains. However, Re-Establishing the global supply chains is more challenging now for Ecommerce Packaging Market.
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List of Key Market Players in Ecommerce Packaging Market:
Offering Packaging Products Made from Biopolymers that are Based on Renewable Resources, Instead of Focusing only on the Development of biopolymers is the key strategy adopted by players in the Ecommerce Packaging Market. The Prominent Top 10 Companies in this Industry are Listed Below:
Amcor Flexibles India PLC.
Mondi Group PLC.
International Paper Company.
Smurfit Kappa Group PLC.
D S Smith Products and Services India PLC.
KLABIN SA
Georgia-Pacific LLC.
Nippon Paper Industries Co., Ltd.
Pacman Middle East LLC.
Sealed Air Corp.
Related Reports:
Retail Ecommerce Packaging Market – Retail Ecommerce Packaging market is projected to grow at a CAGR of 5.90 % from 2023 to 2030, owing to a rise in safe packing and transport of various products and rising protection for the damage during the transportation& storage.
Pharmaceutical Packaging Market– The pharmaceutical Packaging Market is estimated to grow with the highest CAGR of 13.2% during the forecast period. These Pharmaceuticals are greatly in demand due to increase in product innovations and serialized drug tracking and tracing to meet new opportunities. The expansion of the market attributed advanced manufacturing processes used to develop eco-friendly packaging solutions is nourishing growth opportunities for this particular segment.
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Contact Information:
Mr. Venkat Reddy IndustryARC Email: sales@industryarc.com USA: (+1) 518-282-4727
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