Global E-Commerce Plastic Packaging Market USD 158.21 billion by 2030, registering a CAGR of 6.9% over 2022-2030

The Global E-Commerce Plastic Packaging Market was worth USD 98.55 billion in 2020 and is poised to reach a valuation of USD 158.21 billion by 2030, registering a CAGR of 6.9% over 2022-2030. The shifting inclination of consumers towards online shopping owing to its wide range of benefits including doorstep delivery along with rewards and discounts is one of the major factors augmenting the industry outlook.

The rapid global expansion of the e-commerce industry is driving market growth. The growing number of smartphone users and rising disposable income are expected to drive up demand for e-commerce packaging in developing economies. The growing number of online grocery sales channels will have a favourable impact on the market. According to Amcor plc, the size of the online grocery channel in the United States is expected to reach USD 60 billion by the end of 2023. Furthermore, variables such as discount rates, bundled packages, in-home delivery, and other services entice people to shop online, resulting in strong demand for this packing. However, a lack of awareness of e-commerce websites in rural areas may stymie the market.

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Covid 19 Impact:

COVID-19 has given new meaning to the goal of sustainable e-commerce packaging innovation. During the epidemic, packaging became increasingly important in the lives of consumers. Food, personal protective equipment, hand sanitizer, testing kits, and immunisations were delivered to customers, companies, and healthcare providers on the front lines. Consumer shopping habits have changed as a result of the coronavirus epidemic, and fear of getting the virus, as well as statewide lockdowns, have kept shoppers out of physical establishments. Consumers expressed interest in various new safety measures, including increased demand for long-lasting, tamper-proof food packaging. Food safety is ensured by Bio-Pak Protect via third-party delivery services.

Market Segmentation:

The global e-commerce plastic packaging market can be segmented based on various factors such as material, product type, end-use, and region. Here are some possible segmentation options:

By Material:

Polyethylene (PE)
Polypropylene (PP)
Polyethylene terephthalate (PET)
Polyvinyl chloride (PVC)
Others (polystyrene, polycarbonate, etc.)

By Product Type:

Bags and Pouches
Mailers and Envelopes
Boxes and Cartons
Protective Packaging
Others (labels, tapes, wraps, etc.)

By End-Use:

Consumer Electronics
Fashion and Apparel
Food and Beverage
Personal Care and Beauty
Homecare and Furnishings
Healthcare and Pharmaceuticals
Others (office supplies, automotive, etc.)

By Region:

North America (U.S., Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Brazil, Mexico, Rest of Latin America)
Middle East and Africa (GCC Countries, South Africa, Rest of Middle East & Africa)

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Industry Key Trends:

Rising trends of online shopping among consumers to augment industry outlook

There has been a shifting inclination of the masses towards online shopping channels. This is powered by various factors such as hectic schedule of individuals, increase in disposable income, and widespread internet penetration. Moreover, the wide array of benefits offered by e-commerce platforms including doorstep delivery, discounted prices, along with refund/exchange options are bolstering the market growth.

Growing adoption of sustainable packaging products by e-commerce companies to aid industry development

With rapid industrialization and urbanization, the world is witnessing a massive surge in its pollution levels. This has pushed various e-commerce companies to adopt eco-friendly packaging materials for the delivery and storage of their goods. This in turn is stimulating the overall market progression.

Market key Players:

Smurfit Kappa (Ireland), NIPPON PAPER INDUSTRIES CO. LTD (Japan), Crawford Packaging (Canada), Georgia-Pacific (US), DS Smith (UK), Mondi (UK), Packaging Corporation of America (US), Salazar Packaging, Inc. (US), Lil Packaging USA (England), Amcor Plc (Switzerland), Sealed Air (US), RENGO PACKAGING INC (Japan), Orora Packaging Australia Pty Ltd (Australia), RAJAPACK Ltd (UK), Pemcor packaging (US), Spartan Paperboard (US), Roberts PolyPro, Inc.(US), actionpakinc. Com (US), International paper (US), and klabin S.A (Brazil)

Regional Analysis:

The primary regions defining the geographical ambit of this business sphere are North America, Middle East & Africa, Latin America, Europe, and Asia Pacific. Among these, Asia Pacific is projected to garner substantial returns over the forecast period of 2022-2030. This is attributable to the rising e-commerce sales, increasing disposable income of the masses, presence of potential players, and rapid internet penetration.

Meanwhile, North America is expected to expand with a significant CAGR over the stipulated timeframe ascribing to the shifting consumer inclination towards e-commerce platforms and growing R&D investments in the field.

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