E-commerce Plastic Packaging Market 2022 Business Scenario - Amcor PLC, Pregis LLC, Sealed Air Corporation, Sonoco Products Company

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 2020, and it is expected to reach USD 21.78 billion by 2026, registering a CAGR of 13.6% during 2021-2026

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

United States to Witness Significant Market Growth

- In the United States, e-commerce continues to grow at a dramatic pace, putting pressure on traditional retail. Consumers spent USD 601.75 billion online with US merchants in 2019, up by 14.9% from USD 523.64 billion the prior year, according to the US Department of Commerce quarterly e-commerce figures. That was a relatively higher growth rate than 2018 when online sales reported by the Commerce Department rose 13.6% Y-o-Y. Also, sales of consumer-packaged goods, long confined to traditional retail channels, are exploding online, with growth rates, in many cases, in excess of 50% Y-o-Y.

- However, many online retailers continue to underestimate how important having the correct packaging is to ensure sustainable business success. The requirements for packaging in online commerce are growing. From the highest possible efficiency and sustainability in the supply chain to increasingly popular logistics trends, such as bicycle couriers and delivery drones, through to "last mile" delivery and the all-important marketing purpose vis--vis the customer, all these are resulting in new demands.

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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