E-Commerce Packaging Market to Garner USD 133.09 billion with Growing CAGR of 12.10% by 2030, Share, Size, Growth, Key Players, and Trends forecast

E-Commerce Packaging Market research report has been prepared with a nice combination of industry insight, smart solutions, practical solutions and newest technology to give better user experience. Under market segmentation chapter, research and analysis is done based on several market and industry segments such as application, vertical, deployment model, end user, and geography. To perform this market research study, competent and advanced tools and techniques have been utilized that include SWOT analysis and Porter's Five Forces Analysis. Businesses can surely anticipate the reduced risk and failure with the winning research report.

Data Bridge Market Research analyses that the e-commerce packaging market is expected to reach USD 133.09 billion by 2030, which was USD 53.37 billion in 2022, registering a CAGR of 12.10% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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E-Commerce Packaging Market Analysis and Size

With a rise in internet penetration in rural and urban areas worldwide, the e-commerce sector has been upgrading its marketing strategies to tap into a formerly untapped market. Formerly, companies that stuck to retail business strategies have started creating their version of e-commerce applications to get on the trend. The major market players in this sector are moving forward in the same direction. Amazon released five new performance centers in India to recoup its position as the largest e-commerce presence in the region.

Market Definition

The e-commerce packaging is used to store, transfer and defend the components of the packet till it reaches the customer from the supplier. The products in such packaging vary in quality, size, shape, and rigidity depending on the product requirement and contents. The increasing popularity of cross-border shopping has led to a growth in demand for high-quality and effective packaging. The increasing popularity of cross-border buying has led to significant growth in the market for cost-effective packaging.

E-Commerce Packaging Market Dynamics

Drivers

Growing demand for plastic-based packaging in the e-commerce industry
Increasing demand for plastic-based packaging in the e-commerce industry is expected to drive the market's growth in the forecast period. This is attributed to the high dependency of the e-commerce sector on plastic-based packaging. This material is widely available, low-priced, lightweight, and highly reliable compared to paper, wood, and corrugated board. Moreover, the augmented sales of grocery products with an immediate doorstep delivery strategy spurred the demand for plastic-based packaging. As a result of all these factors, enhance the market growth.

Increasing demand for food and beverages through e-commerce platform
Growing demand for food and beverages through e-commerce platforms will likely surge the demand for appropriate packaging in the e-commerce sector. The demand for groceries through online shopping has augmented on a large scale. The ease of ordering food and beverage products online has augmented the demand for the packaging of these products. The food and Drug Administration have made it mandatory and keeps the assurance whether the food sold is properly labeled and packaged through numerous laws under the Fair Packaging and Labelling Act. Hence, the rising demand for food and beverages through e-commerce platforms is expected to propel market growth.

Opportunities

The rising number of smartphone users increases the market scope
The increasing access to the internet and the rising number of smartphone users all over the globe is expected to boost the demand for e-commerce packaging and create ample opportunities for market growth shortly. As per the analysis by Oberlo, in 2020, the number of smartphone users globally was 3.6 billion. The number increased by 16.86 percent annually from 2013 to 2020. Hence, the rising number of smartphone users increases the market scope during the forecast period.

Growing demand for environment-friendly packaging in the e-commerce sector
The growing demand for environment-friendly packaging in e-commerce is projected to bring new opportunities to the market. For instance, Klabin, a leading paper producer in Brazil, has revealed 'Klabin ForYou,' a digital platform that would provide paper packaging solutions and an extensive range of paper-based products in 2019. Both medium and small-sized firms can use the new website to acquire the company's products. They are made out of renewable raw materials. Such initiatives by major players would accelerate the demand for e-commerce packaging during the forecast period.

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