Global E-commerce Packaging Market to See Massive Growth by 2028

The global E-commerce Packaging market is anticipated to grow at a CAGR of 15.1 % during the forecast period (2022-2028). E-commerce packaging is the packaging & storage solution for transportation & shipping items in the e-commerce industry. The major factor attributing to the growth of the global e-commerce packaging market is the increasing use of packaging due to the growing e-commerce industry. According to the E-commerce Industry Report published by the India Brand Equity Foundation (IBEF) in February 2022, E-commerce is one of the fastest-growing industries in India transforming the way businesses are done in India. The industry is projected to reach around $74.8 billion in 2022 representing a 21% increase from the previous year. Additionally, the e-commerce industry in India is expected to reach around $188 billion by 2025 and around $350 billion by 2030. Thus, increasing the use of e-commerce packaging and propelling the growth of the market during the forecast period.

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The increasing access to smartphones and the internet is the factor attributing to the growing e-commerce industry across the globe. The use of e-commerce packaging is also increasing due to increasing access to the internet attributing to the e-commerce industry's growth. According to the statistics provided by the World Band Data, around 60% of the world's total population is accessible to internet services in 2020. Thus, contributing to the growth of the global e-commerce packaging market over the forecast period.

Some major players in the market include Amcor plc, International Paper Co., DS Smith plc, Smurfit Kappa, and Nippon Paper Industries Co. Ltd., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instances,

In February 2021, Smurfit Kappa launched a new line of smart ebottle packaging solution to cater to the growing online food & beverage market. The new line of ebottle packaging solutions include for a single or multi-pack product containing the roller bottle pack, BiPack, and pop-up insert.
In January 2021, Mondi Group completed the acquisition of 90.38% of share in Olmuksan International Paper Ambalaj Sananyi ve Ticaret A.S., a subsidiary of the International Paper Co. in the total value of $68.64 million. The implied market value will be around $106 million.

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Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Material Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Amcor plc, International Paper Co., DS Smith plc, Smurfit Kappa, Nippon Paper Industries Co. Ltd., among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global E-commerce Packaging Market Report by Segment

By Material Type

Plastic
Corrugated Boxes
Paper
Others

By Application

Food & Beverages
Consumer Electronics
Personal Care & Cosmetics
Apparel
Others

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This release was published on openPR.