E-commerce Plastic Packaging Market 2021 Global Insights and Business Outlook - Amcor PLC, CCL Industries Inc., Sealed Air Corporation, Sonoco Products Company

Market Insights Reports delivers key insights on the E-commerce Plastic Packaging market in its latest report titled, “E-commerce Plastic Packaging Market - Growth, Trends, COVID-19 Impact, And Forecasts (2021 - 2025)” provides an in-depth analysis of key players strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

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.

Market Overview:

The e-commerce industry is exploiting the opportunities in the packaging landscape driven by young demographic profile, with increasing internet penetration and relatively better economic performance in the past few years. Many companies that provide packaging support to e-commerce players are developing and creating new ways for packaging products to be sustainable, which caters to a new trend. For instance, Startup Limeloop recycles billboard wraps to create durable shipping pouches that can be reused up to 2,000 times. Also, Noissue creates compostable mailers made from corn starch that breakdown entirely within six months.

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Top Key Players in the Global E-commerce Plastic Packaging Market: Amcor PLC, Pregis LLC, Sealed Air Corporation, Sonoco Products Company, Storopack Hans Reichenecker GmbH, Berry Global Inc., HuhtamŠki Oyj, CCL Industries Inc., Clondalkin Flexible Packaging, and Others.

Industry News and Update:

- February 2020 - Pregis LLC joined the Circular Economy Flexible Packaging (CEFLEX), a European consortium of companies and associations representing the entire flexible packaging value chain. CEFLEX established a roadmap, and it targets to achieve a circular economy for flexible packaging during 2020-2025.

- January 2020 - Sealed Air Corporation, which is the inventor of Bubble Wrap, launched a new version of Bubble Wrap brand packaging material that is made with at least 90% recycled content. Aligned with its sustainability pledge, Sealed Air’s future product developments will also incorporate post-consumer recycled content.

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, 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.

- 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.

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Top Line Market Forecast:

Both Regional and Global sectors are included in the Outlook, with special breakouts for the NAM, European, MENA, and Asia-Pacific regions. The data covered is from 2015 to 2019 historically and from 2020 to 2025 forecasted, it also includes the impact of Covid-19 both on the short- and long-term prospects of the industry.      

This E-commerce Plastic Packaging Market report addresses:

- The Market size from 2016-2021

- Expected market growth until 2025

- Forecast of how market drivers, restraints, and future opportunities will affect

- Segment and regions that will drive or lead the market growth and why

- Comprehensive mapping of the competitive landscape

- In-depth analysis of key sustainability strategies adopted by market place                   

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- The market estimate (ME) sheet in Excel format

- 3 months of analyst support

Customization of this Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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