17-May-2021 | Facts and Factors
As per a recently issued market research report by Facts & Factors, the global e-commerce packaging market was about USD 27.15 Billion in 2020, with sales value projected to hit around USD 62.24 Billion by the end of 2026 and expected to register an excellent 15.4% CAGR during the 2021 to 2026.
With an increase in better connectivity among consumers at an optimum point along with an advent uptake in mobile devices with better functionality has given rise to e-commerce shopping market. The latter is directly proportional to the rise in e-commerce packaging sector. The sector for e-commerce packaging has grown significantly over the last few decades as the demand for e-commerce has begun cataloging a one-stop shop consisting of all products found in physical retail shops. Furthermore, a constant rise of growth in the digital population as more consumers access the digitized world is expected to draw in significant revenue stream over the forecast period.
Increasing concerns regarding plastic components in the packaging sector as well as stringent government regulation regarding corrugated boxes is expected to hamper the growth of the sector to a certain extent. However, a rise in production of organic and recyclable materials by manufacturers is expected to fill in for the market value lost.
With an increase in internet penetration towards urban and rural areas across the globe, the e-commerce market has been upgrading their marketing strategies in order to tap into a previously untapped market. Previously, companies that stuck to retail only business strategies have begun producing their own version of e-commerce application in order to get on the trend. The leading market players in the sector are moving ahead in the same direction. Amazon opened five new performance centers in India in order to recoup their position as the largest e-commerce presence in the region. Furthermore, collaboration in the sector helps combine two consumer bases of different shopping taste. In essence, Amcor Limited acquired Bemis Company, Inc. By integrating their two firms together, Amcor looks to expand into the consumer base of Bemis and vice-versa.
The material segment can be categorized as protective packaging, corrugated boxes, paper, tapes, mailers, and others. The protective packaging is expected to witness the highest growth CAGR across the category for the forecast period. Protective packaging is the most primitive and reliable solution existing in the industry and it has been bettered over the years. It protects the goods from a range of issues that can be expected during transit of any kind.
The application segment can be broken down into electronic and consumer goods, apparel and fashion, food and beverages, personal care products & household, furniture, and others. Consumers and electronic goods hold a major market share in this segment with mobile devices accounts for a larger chunk in the axial breakdown. With a highly regular playing field, manufacturers and vendors work in tandem to provide the best devices at a successively lower price rate which has drawn the market to occupy a larger foothold.
Asia-Pacific to Retain the Highest Market Share During the Forecast Period
Asia-Pacific is expected to hold the highest market share in the region during the forecast period due to an over increasing rise of e-commerce in the region. An uptake in disposable income, change w.r.t risk associated with e-commerce shopping as well as the advent of a huge labor force has given rise to the e-commerce packaging market. Furthermore, with the tremendous population within India and China, a huge surplus of revenue stream is expected to follow within the indicated forecast period.
Within the other regions, Europe and North America are expected to retain the remaining market value in terms of revenue. Germany leads the charge from Europe as a huge spur of growth has been observed due to the rising usage of electronic and commercial products being shipped. Furthermore, United States will post a high growth CAGR followed by the North America region witnessing a huge demand of fashion and apparel choices.
Browse the full “E-Commerce Packaging Market By Material Type (Protective Packaging, Corrugated Boxes, Paper, Tapes, Mailers, and Others), By Application (Electronic and Consumer Goods, Apparel and Fashion, Food and Beverages, Personal Care Products, Household & Furniture, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” report at https://www.fnfresearch.com/e-commerce-packaging-market
Top Market Players
Some of the major players in the global e-commerce packaging market are International Paper Company, DS Smith PLC, Mondi Packaging, Sealed Air, Spartan Paperboard, and The Box Co-Op, among others.
The global e-commerce packaging market can be segmented into:
Global E-Commerce Packaging Market: By Material Type Segment Analysis
- Protective Packaging
- Corrugated Boxes
Global E-Commerce Packaging Market: By Application Segment Analysis
- Electronic and Consumer Goods
- Apparel and Fashion
- Food and Beverages
- Personal Care Products & Household
Global E-Commerce Packaging Market: By Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
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