E-commerce Packaging : Market Size, Share, Trends Analysis, Segment Developments & Key Players, Report Analysis, Regional Study and Forecast By -2031

According to a recent report by InsightAce Analytic, the "Retail E-commerce Packaging Market" was estimated to be worth $17.73 billion in 2023 and is expected to reach $28.05 billion by 2031, with a compound annual growth rate (CAGR) of 6.07% from 2024 to 2031.

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Latest Drivers Restraint and Opportunities Market Snapshot:

Key factors influencing the global Retail E-commerce Packaging market are:
• Demand for Sustainable and Eco-Friendly Packaging Solutions
• Soaring Online Shopping Trends Globally
• Technological Advancements in Packaging Design and Automation

The following are the primary obstacles to the Retail E-commerce Packaging market's expansion:
• Cost Pressures on E-commerce Retailers
• Environmental Concerns and Packaging Waste Issues
• Complexities in Packaging Standardization

Future expansion opportunities for the global Retail E-commerce Packaging market include:
• Customization to Enhance Brand Image and Consumer Experience
• Innovation in Smart Packaging Technologies
• Growing Cross-Border E-commerce Activities

Market Analysis:

Packaging is indispensable for the protection of product sales, distribution, and storage. E-commerce packaging employs both primary and secondary packaging. Packaging is composed of materials that are durable. The demand for packaging is on the rise as a result of the industry's adoption of eCommerce. The primary defense for packaged products is the improved online shopping experience. Consequently, it is envisaged that this will stimulate market growth.

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List of Prominent Players in the Retail E-commerce Packaging Market:

• Smurfit Kappa Group
• DS Smith plc
• Intertape Polymer Group Inc.
• Mondi plc.
• WestRock Company
• Sealed Air Corporation
• 3M Company
• Packaging Corporation of America
• Orora Packaging Australia Pty
• Georgic-Pacific LLC
• Ventapel
• International Paper Company
• NIPPON PAPER INDUSTRIES CO., LTD.
• DynaCorp

Recent Developments:
• In March 2022, DS Smith, a leader in sustainable packaging, implemented a 20% decrease in package prices by substituting plastics and non-recyclable materials with corrugated material in its e-commerce packaging.

• In June 2021, it was announced that Mondi plc had expanded its selection of plastic-free e-commerce packaging. The company expanded the selection of environmentally responsible paper products under its MailerBAG brand.

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Retail E-commerce Packaging Market Dynamics:

Market Drivers: Increasing In Online Shopping
The market is expanding due to a variety of factors, such as a growing working population, increasing disposable income, hectic work schedules, and changing consumer behaviour, which are driving more people to make purchases online. Online purchasing platforms are more advantageous than physical stores because they offer door-to-door delivery, return/refund policies, and lower prices. Furthermore, it is anticipated that the market will expand due to the increasing adoption of the Internet and digitization initiatives in developing countries. In the same vein, it is expected that the popularity of e-commerce packaging solutions will increase as online grocery sales channels expand across Asia, North America, and Europe.

Challenges: Lack of Recycling Facilitates
The primary obstacle to expanding the e-commerce packaging sector is the need for recycling facilities. Packaging for recycling is essential for the market, as it contributes to developing efficient infrastructure and preserving the environment. This will impede the e-commerce market's expansion during the projected period.

Asia Pacific Is Expected To Grow With The Highest CAGR During The Forecast Period
In the near future, the Asia Pacific Retail E-commerce Packaging Market is expected to generate a substantial revenue share and expand at a rapid CAGR. Asia-Pacific is one of the regions with the most rapid growth in e-commerce worldwide. The expansion of the clientele in significant countries such as China and India is the primary factor driving the increase in e-commerce shipments. Consequently, the region will experience an increased demand for packaging solutions.The demand for e-commerce packaging solutions in the region is driven by government initiatives to promote digitization, which expose individuals to online purchasing on a continuous basis. The country's 100% FDI legislation serves as an incentive for Amazon and other corporations to increase their operations in India.

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Segmentation of Retail E-commerce Packaging Market-

By Product Type -
• Labels
• Boxes
• Protective packaging
• Mailers
• Tape
• Others (shrink & stretch films, bags & pouches, etc.)

By Merchandise Type -
• Health
• Multimedia & Software
• Fashion
• Personal Care & Beauty
• Home Furnishings
• Food & Beverages
• Consumer Electronics
• Homecare
• Recreation Goods
• Others

By End-User-
• Specialty Retailers
• Third-Party Fulfilment & Logistics Companies
• Brick & Mortar Retailers
• Others

By Region-

North America-
• Canada
• The US
• Mexico

Europe-
• Rest of Europe
• The UK
• Germany
• France
• Italy
• Spain

Asia-Pacific-
• South Korea
• China
• Japan
• Rest of Asia Pacific
• India
• Southeast Asia

Latin America-
• Argentina
• Brazil
• Rest of Latin America

Middle East & Africa-
• South Africa
• GCC Countries
• Rest of Middle East and Africa

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This release was published on openPR.