E-commerce Packaging Market By 2025 With Major Key Players Smurfit Kappa Group, Mondi Group plc, International Paper Company, DS Smith plc, Klabin S.A., Rengo Co. Ltd., Nippon Paper Industries Co. Ltd., and Georgia-Pacific LLC.

The e-commerce packaging market is bolstered by increasing e-commerce sales around the world. E-commerce has transformed retail sector and it is gaining significant market share in place of conventional retail channels such as hypermarkets, supermarkets, and convenience stores. The primary function of e-commerce packaging is to protect products from environmental damage and contamination such as dust, moisture, and microbes. Moreover, protection from damage is important for products such as electronics and furniture.

Download PDF Brochure of this Report @ https://www.coherentmarketinsights.com/insight/request-pdf/1508

Sustainable e-commerce packaging is gaining major traction since recent past. Chinese e-commerce players such as JD.com and Suning.com are adopting reusable plastic boxes, which is cost-effective and generates low waste. JD.com also announced that it aims to raise the proportion of sustainable materials to 80% of its total packaging material used by 2020, due to high waste generation from packaging. According to Chinese government sources, on Singles Day 2017, a popular Chinese holiday, over 160,000 tons of waste was generated as e-commerce players recorded sales of US$ 52 billion.

In terms of revenue, Asia Pacific held a dominant position in the market in 2016, and is expected to maintain its dominance throughout the forecast period. According to Associated Chambers of Commerce and Industry in India (ASSOCHAM), an industry trade association, the e-commerce market accounted for US$ 38.5 billion in 2017 and is projected to exceed US$ 50 billion by 2025. This can be attributed to an increasing internet penetration rate in India.

Europe and North America region have high internet and smartphone penetration. According to the World Bank, average rate of internet penetration in Europe and North America is 75% and 78% respectively. The market in these regions is driven by shifting consumer preference from offline retail channels to e-commerce. Amazon Inc. is the largest e-commerce player in North America. The company recorded a revenue of US$ 149 billion in 2016 in the U.S. alone and accounted for over 38% of the e-commerce market in the U.S

Request for Customization @ https://www.coherentmarketinsights.com/insight/request-customization/1508

The global e-commerce packaging market is marked by intense competition from major manufacturers operating in this market. Strategic mergers and acquisitions, product innovations, and joint ventures are some of the key strategies adopted by these companies to ensure long-term sustenance in the market. Some of the major players operating in the market are Smurfit Kappa Group, Mondi Group plc, International Paper Company, DS Smith plc, Klabin S.A., Rengo Co. Ltd., Nippon Paper Industries Co. Ltd., and Georgia-Pacific LLC.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.