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Ecommerce Packaging Market Overview:
Ecommerce Packaging Market size is estimated to reach $123 billion by 2030, growing at a CAGR of 12.4% during the forecast period 2023-2030. The increasing popularity for the cross-border shopping resulted in the rise of demand for high quality and effective packaging. Which has further led to a growth in Ecommerce packaging.
Additionally, the increasing stabbing of smartphones, internet and online spending attributed growth of ecommerce packaging industry. The high customer dependency on online shopping and capability of the population on purchasing are the main factors driving the market. The manufacturing companies are following the uniform market strategies for different products that also include online purchasing is expanding the market growth.
Market Snapshot:
Ecommerce Packaging Market - Report Coverage:
The “Ecommerce Packaging Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Ecommerce Packaging Market.
| Attribute | Segment |
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By Product |
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By Material |
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By Market Type |
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By End-User |
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By Geography |
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Geographies Covered |
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By Companies Profiled |
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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.
Key Takeaways:
Fastest Growth of Asia Pacific Region followed by North America
Geographically, in the global Ecommerce Packaging Market share, Asia Pacific was the largest contributor with the revenue share of 45% in 2022, owing to an increase in the customer base because of the growing economics of the major countries like India, China etc. which are driving the number of Ecommerce Industries. 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 the 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
The corrugated boards segment is estimated to grow with CAGR of 12.0% during the forecast period 2023-2030. The high share is mainly due to a 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 to reducing plastic. So, this segment is currently in higher demand as they generate sustainability and additionally, reducing 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.
Key Market Players:
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.
| Report Metric | Details |
|---|---|
Base Year Considered | 2022 |
Forecast Period | 2023–2030 |
CAGR | 12.4% |
Market Size in 2030 | $123billion |
Segments Covered |
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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 |
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The Ecommerce Packaging Market is projected to grow at 12.4% CAGR during the forecast period 2023-2030.
Global Ecommerce Packaging Market size is estimated to be $48 billion in 2022 and is projected to reach $123 billion by 2030
The leading players in the Ecommerce Packaging Market are 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., and others.
The trend of manufacturing for protective packaging, adopting consumer electronics, focusing on quality deliverables and sustainable packaging for gaining customer’s trust are some of the major Ecommerce Market trends in the industry which will create growth opportunities for the market during the forecast period.
Development with the acceptance of e-shopping, the fast-growing electronic goods sector, technology advancements such as 5G and wider geographic internet connectivity has increased the usage for its packaging products are the driving factors of the market.