E-commerce Plastic Packaging Market Size, Status and Global Outlook 2020-2025

The report is designed to provide a holistic view of the E-commerce Plastic Packaging Market 2021-2025. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; revenue, demands, and supply data (as applicable). High-level interpretation of E-commerce Plastic Packaging Market attributes using proprietary tools such as the Penetration Mapping Index, and other successful representational tools such as Porter’s Five Forces Analysis, SWOT, PESTEL, Ansoff’s Matrix, etc. Regional estimates and forecasts & trend analysis for each country and region are also available in the study. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for E-commerce Plastic Packaging Market investments from 2021 till 2025.

The e-commerce plastic packaging market was valued at USD 10.26 billion in 2019, and it is expected to reach USD 21.78 billion by 2025, registering a CAGR of 13.6% during the forecast period 2020-2025.

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The E-commerce Plastic Packaging Marketis highly competitive and is moderately fragmented that consists of significant individual players such as Amcor PLC, Pregis LLC.

Key Market Trends:
Consumer Electronics Accounts for Significant Share

- With the increasing demand for consumer electronics worldwide, the demand for protective plastic packaging is expected to surge in the forecast period._ Among the specialized plastic packaging systems for consumer electronics and media, shrink packaging, or commonly known as shrink wrapping, and stretch wrapping are very common and widely used. If compared to shrink film and bags, stretch wrapping affords large energy-saving and does not require the availability of fuel. This simplifies the inventory.
- For instance, the Mavic Air 2 drone, which was launched in April 2020, is packaged with a smart controller and a smartphone display in carton boxes that come with protective plastic shrink-wrap, to avoid damage during shipping.
- Further, several cellphones are packed and shipped using plastic material. Although several manufacturers are drifting toward sustainable packaging options, the role of plastic films and wraps to package boxes is growing. _For instance, although the packaging for iPhone X is highly recyclable, and 100% of the fiber in its retail box is either from recycled content, like bamboo, waste sugarcane, or responsibly managed forests, it comes with a plastic film for barrier protection and matte finish.
- Further, when it comes to efficient packaging, plastics often enable manufacturers to ship more products with less packaging material. This process of light-weighting can play an essential role in boosting the environmental and economic efficiency of consumer product packaging. For instance, Kingston's HyperX Savage EXO, launched in 2019, comes packaged between layers of clear blister-pack inserted in the box. The plastic, screwless, and slate-gray case protects the drive's internals.
- Furthermore, EPS (expanded polystyrene) foam is widely used to protect and save electronic products during shipping. It has several properties, like durability, recyclability, and being lightweight. The products mostly used for packaging include television, bulb, and other electrical appliances.
- Moreover, according to the Consumer Technology Association, retail revenue from consumer electronics/technology sales in the United States, in 2019, was USD 406 million. The sales are expected to reach USD 422 million by the end of FY 2020. With the increasing demand for consumer electronics, the demand for plastic packaging, especially air pillows and bubble packaging is significantly rising in the United States.

Asia-Pacific to Witness Significant Market Growth

- Asia-Pacific accounts to witness significant market growth. China is one of the emerging nations where the e-commerce market is growing rapidly due to the rising consumer preference for online shopping, the proliferation of alternative payment solutions, online shopping events, such as single day offering lucrative discounts, and improved logistics infrastructure. According to ChinaDaily.com, the Chinese e-commerce sector generated CNY 4.82 trillion in online retail sales during the first half of 2019.
- Moreover, there are various factors for the surging e-commerce market in China, such as increasing penetration of smartphones, good retail infrastructure, cross border regulation, and cost-effective labor. According to ZME Science, the number of parcels delivered in the country tripled in the last four years, going from 20.6 billion in 2015 to 63.5 billion in 2019.
- Further, in India, the growth in organized retail, along with a boom that the country is experiencing in e-commerce, has been fueling the growth of plastic packaging. According to data released by the ASSOCHAM, the per capita consumption of plastic is expected to get doubled by 2021 from the 2016 level. The ASSOCHAM stated that India is annually consuming 12.8 million metric tons of plastics. Moreover, consumers are demanding more sustainable products, and brands have to imbibe this concept strongly in their business approach.
- Furthermore, recycling has become a major part of cosmetics, skincare, and perfume companies. Amazon India is working toward reducing the usage of single-use plastics and optimizing recycling. The plastic currently used in packaging mailers and bubble bags is made of 20% recycled content. Presently, less than 7% of packaging at Amazon India Fulfilment Centers includes single-use plastic.
- Moreover, in November 2019, Walmart-owned e-commerce marketplace Flipkart rolled out a new initiative that focuses on creating awareness among consumers on the proper disposal of plastic packaging. As part of the initiative, Flipkart is conducting the pilot project to collect plastic packaging back from consumers at select hubs across Mumbai, Bengaluru, Dehradun, Delhi, Kolkata, Pune, and Ahmedabad.
- Also, the sustainable supply chain packaging is enhancing the growth of the market. In December 2019, Storopack developed rEPS, a new material comprising 100% recycled ESP or PS from post-consumer goods, and it will be used for packaging material in the future. It is an attractive solution for companies who wish to use environment-friendly packages. The company planned to provide this solution packaging in 2020.

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Regions are covered By E-commerce Plastic Packaging Market Report 2021 to 2025.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia and, Italy).
Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).

The Total Addressable Market (TAM) For estimating the market size two approaches are used: Bottom-up and Top-down approach. In the Bottom-up approach, the consumption of in the various segments is taken into account. The regional, segment-wise, and end-user uptake/consumption is taken into account for this approach. This is then totaled to arrive at the TAM for this approach. In the Top-down approach, the company-wise production in terms of both value and volume is taken into account and totaled for arriving at the TAM. This data is then bifurcated based on the consumption in the various market segments.

Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of E-commerce Plastic Packaging Market Market
-Changing the E-commerce Plastic Packaging Market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected E-commerce Plastic Packaging Market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of E-commerce Plastic Packaging Market.
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.

Frequently Asked Questions about E-commerce Plastic Packaging Market:
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