The global e-commerce packaging market size is slated for considerable expansion from USD 48.81 billion in 2021 to USD 140.86 billion in 2028 owing to the rising number of smart phone users across the world, finds Fortune Business Insights in its report, titled “E-Commerce Packaging Market, 2021-2028”, the e-commerce packaging market stood at USD 42.66 billion in 2020. It is set to exhibit a CAGR of 16.3% during the forecast period.
In recent years, there has been an increasing consumer inclination towards buying of several products through e-commerce platforms due to the rising number of smartphone users across the world, which is projected to fuel the growth of this market. Further, the increasing disposable income and change in the standard of living of the people worldwide has resulted in growing demand for e-commerce packaging across several regions of this market.
Market Segmentation:
On the basis of type, this market is classified into plastic, corrugated boxes, paper, and others. By application, the market is divided into food and beverage, consumer electronics, personal care and cosmetics, fashion and apparel, and others. In terms of geography, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Highlights/Summary:
This research report offers an in-depth study of the driving factors, restraints, and trends related to the growth of the market. In addition, this report offers a detailed evaluation of the market segments and regional developments in the market. Further, this report also incorporates a comprehensive analysis of the strategies adopted by the leading players to boost their market position.
Drivers/Restraints:
Over the years, there has been a substantial increase in the working population across the world due to the rising urbanization rate worldwide. This has led to an increasing consumer inclination towards the use of the internet and other latest technologies by most of people in order to buy essential products through various e-commerce websites such as Myntra, Flipkart, and others. Thus, this is a crucial factor driving the growth of this market
Competitive Landscape:
The leading companies in the e-commerce packaging market are focusing on strategic partnerships with small-scale as well as large-scale companies in order to increase the sale of products through e-commerce platforms. This has resulted in increasing competition among key companies which will help to expand their businesses and strengthen their market position.
Industry Development:
February 2021: For the rapidly growing online beverage and liquids market, Smurfit Kappa has introduced a new line of eBottle packaging solutions. The rollor bottle pack, bipack, and pop-up insert are among the new portfolio’s sustainable solutions for single and multi-pack products.
List of Key Players Covered in E-Commerce Packaging Market Report:
- Amcor plc (Switzerland)
- Mondi Group (UK)
- International Paper Company (U.S.)
- Smurfit Kappa (Ireland)
- DS Smith (UK)
- Klabin S.A. (Brazil)
- Georgia-Pacific LLC (U.S)
- Rengo Co., Ltd. (Japan)
- Orora Packaging Australia Pty Ltd (Australia)
- Nippon Paper Industries Co., Ltd. (Japan)
Please visit: https://www.fortunebusinessinsights.com/e-commerce-packaging-market-104885
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