Retail E-Commerce Packaging Market: Revenue Growth is Making Marketplace Explosive

HTF Market Intelligence released a new research report of 170 pages on title 'Retail E-Commerce Packaging Market: Current Analysis and Forecast (2022-2030)' with detailed analysis, forecast and strategies. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources. The study covers key regions that includes LATAM, North America, MENA, Southeast Asia, Europe, APAC, United States or China and important players such as Georgia-Pacific LLC., DS Smith Plc, Smurfit Kappa Group Plc, International Paper Company, Mondi Plc, Westrock Company, Packaging Corporation of America, Nippon Paper Industries Co. Ltd., Sealed Air Corporation, and Sonoco Products Company, etc.

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The global retail e-commerce packaging market is expected to register a CAGR of around 13% over the period of 2022-2030. The growth of this market can be attributed to the rising population coupled with continuously increasing online shopping. For instance, in 2010, there were nearly 6.92 Bn people living on this planet the number increased to around 7.72 Bn in ten years hence the demand for most products increased significantly. Moreover, developments in the e-commerce and electronics industry worked as a catalyst in increasing the demand for several products such as electronic goods, healthcare products, personal care products, and other types of products. Moreover, according to UNCTAD, the share of online retail sales in total retail sales grew up from 16% in 2019 to 19% in 2020. The inclination toward online retail due to rapid growth in the electronics industry and rising disposable income are further going to drive the growth of the retail e-commerce packaging market.

Georgia-Pacific LLC., DS Smith Plc, Smurfit Kappa Group Plc, International Paper Company, Mondi Plc, Westrock Company, Packaging Corporation of America, Nippon Paper Industries Co. Ltd., Sealed Air Corporation, and Sonoco Products Company are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
"Amongst material type, corrugated board category held a prominent share in the market in 2020"

Based on material type, the market is classified into the corrugated board, paper, plastic, and others. Amongst these, the corrugated board segment accounted for a significant share of the market and is expected to grow with a strong growth rate during the forecast period. Corrugated boards are among the safest option for delivering a product without significantly increasing the cost of packaging. Thereby, online retailers preferred corrugated board-based packaging to minimize the package return rate due to damaged products and simultaneously maintain a good profit margin.
"Amongst applications, electronics is expected to witness a prominent CAGR during the forecast period"

Based on application, the market is categorized into electronics, personal care, healthcare, food and beverages, apparel and fashion, and others. The electronics segment is expected to witness substantial growth during the forecast period. The electronics segment is growing rapidly mainly due to the demand for useful and new technologies, short replacement cycles, and the dropping prices of several electronic devices. Furthermore, increasing disposable income is playing a major role in the growth of the electronics segment.
"Asia-Pacific to witness significant growth during the forecast period"

Asia-Pacific is expected to show strong growth in the retail e-commerce packaging market. The increase in internet penetration rate in emerging economies, as well as the rising disposable income, has contributed to the growth of the e-commerce market in the region. Further, Asia-Pacific is the home to more than 60 percent of the total population and economically, it is the fastest-growing region among all the regions. China and India are the home to around 2.8 Bn people and they are the two having the fastest growth rate. This results in increased household income and the growth of the e-commerce market depend heavily on the income of people. This means the e-commerce market is growing rapidly in the APAC region. Hence providing a massive market for the retail e-commerce packaging market players.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

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