E-commerce Plastic Packaging Market 2021 Precise Outlook - CCL Industries Inc., Huhtamaki Oyj, Berry Global Inc.

The E-commerce Plastic Packaging Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global e-commerce plastic packaging market (henceforth, referred to as the market studied) 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 2020-2025

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Top Leading Companies of E-commerce Plastic Packaging Market are Clondalkin Flexible Packaging, CCL Industries Inc., Huhtamaki Oyj, Berry Global Inc., Storopack Hans Reichenecker GmbH, Sonoco Products Company, Sealed Air Corporation, Pregis LLC, Amcor PLC and others.

Industry News and Updates

March 2020, Pregis acquired So.Pr.Ad. SRL (Soprad), Italy, a provider of temporary protective films. Going forward, the company's products will be marketed under the Pregis PolyMask brand. PolyMask's products include temporary surface protection films and specialty films.

March 2020, Berry Global Group announced that, in order, to address the increasing demand from clients, it is investing approximately USD 30 million to increase the production capacity of ultra-high performance stretch films. The investment is allocated for new lines and upgrades to the existing assets in nine of the Company's North American locations that currently manufacture stretch film.

Key Market Trends

Asia-Pacific to Witness Significant Market Growth

- Asia-Pacific is expected 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.

- China is also the world's largest market for e-commerce and surpassed the United States and the European Union in 2017 with USD 800 billion in sales. It is expected that 200 million new shoppers might come online by 2020, making the share to 71%, reaching a total of more than 670 million shoppers. According to Greenpeace, the volume of the packaging material used by the e-commerce sector was 9.4 million tons in 2019, and it is expected to reach 41.3 million tons by 2025. Also, about 850,000 metric ton of plastic waste was produced by the package-delivery sector in 2018.

- Moreover, according to the IBEF, the Indian e-commerce market is expected to reach a value of USD 200 billion by the end of 2026 from USD 38.5 billion in 2017. This rapid growth of the industry is primarily triggered by the increasing internet and smartphone penetration. The continuing digital transformation in India is expected to increase the country's total internet user base from 604.21 million in 2018 to 829 million by 2021.

Regional Outlook of E-commerce Plastic Packaging Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The E-commerce Plastic Packaging Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the 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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