Press release
Retail E-commerce Packaging Market Latest Trends and Future Aspect Analysis
"Retail E-commerce Packaging Market" in terms of revenue was estimated to be worth $17.73 billion in 2023 and is poised to reach $28.05 billion by 2031, growing at a CAGR of 6.07% from 2024 to 2031 according to a new report by InsightAce Analytic.
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Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global Retail E-commerce Packaging market are:
• Soaring Online Shopping Trends Globally
• Demand for Sustainable and Eco-Friendly Packaging Solutions
• Technological Advancements in Packaging Design and Automation
The following are the primary obstacles to the Retail E-commerce Packaging market's expansion:
• Environmental Concerns and Packaging Waste Issues
• Cost Pressures on E-commerce Retailers
• Complexities in Packaging Standardization
Future expansion opportunities for the global Retail E-commerce Packaging market include:
• Innovation in Smart Packaging Technologies
• Customization to Enhance Brand Image and Consumer Experience
• Growing Cross-Border E-commerce Activities
Market Analysis:
To safeguard product sales, distribution, and storage, packaging is essential. Primary and secondary packaging are both used in e-commerce packaging. Enduring materials are used to make packaging. The industry's adoption of eCommerce is increasing demand for packaging. The enhanced online shopping experience serves as the main defense for packaged goods. Thus, this is anticipated to boost the market expansion.
List of Prominent Players in the Retail E-commerce Packaging Market:
• 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
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, 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 By Product, Merchandise, And Market Types
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Recent Developments:
• In March 2022, In e-commerce packaging created by DS Smith, a leader in sustainable packaging, corrugated material replaced plastics and non-recyclable materials, resulting in a 20% reduction in package prices.
• In June 2021, It was stated that Mondi plc's line of plastic-free e-commerce packaging had expanded. The company increased the range of environmentally friendly paper products in its MailerBAG brand.
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Retail E-commerce Packaging Market Dynamics:
Market Drivers: Increasing In Online Shopping
A number of variables, including a growing working population, rising disposable income, busy work schedules, and shifting consumer behavior, are driving more people to make purchases online and expanding the market. Online shopping platforms are more advantageous than physical stores since they provide door-to-door delivery, return/refund policies, and cheaper costs. Moreover, the growing adoption of the internet and digitization initiatives in developing nations are expected to propel market expansion. Similarly, it is predicted that e-commerce packaging solutions will become more popular as online grocery sales channels spread throughout Asia, North America, and Europe.
Challenges: Lack of Recycling Facilitates
The absence of recycling facilities is the main problem impeding the growth of the e-commerce packaging sector. Packaging for recycling contributes to environmental preservation and smart infrastructure development, both of which are critical for the market. As a result, during the projected term, this will hinder the expansion of the e-commerce market.
Asia Pacific Is Expected To Grow With The Highest CAGR During The Forecast Period
The Asia Pacific Retail E-commerce Packaging Market is likely to register a significant revenue share and to develop at a rapid CAGR in the near future. Among the regions with the fastest-growing e-commerce globally is Asia-Pacific. Increased shipments of e-commerce are driven by expanding clientele in important nations like China and India. There will therefore be a higher need for packaging solutions in the region.Government initiatives to encourage digitization expose people to online shopping all the time, which drives up demand for e-commerce packaging solutions in the area. Amazon and other companies are encouraged to expand their presence in India due to the country's 100% FDI legislation.
Segmentation of Retail E-commerce Packaging Market-
By Product Type -
• Protective packaging
• Boxes
• Mailers
• Labels
• Tape
• Others (shrink & stretch films, bags & pouches, etc.)
By Merchandise Type -
• Consumer Electronics
• Fashion
• Home Furnishings
• Health
• Personal Care & Beauty
• Recreation Goods
• Multimedia & Software
• Food & Beverages
• Homecare
• Others
By End-User-
• Third-Party Fulfilment & Logistics Companies
• Brick & Mortar Retailers
• Specialty Retailers
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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