The global retail e-Commerce packaging market is now valued at US$ 16.8 billion and is anticipated to grow at 5% CAGR from 2022 to 2027 to reach US$ 21.4 billion.
E-commerce has emerged as one of the most popular methods for purchasing items in recent years. In order to support handling and logistics for a range of product dimensions, this calls for robust packaging solutions. Significant business potential have been created by notable internet adoption for e-commerce packaging providers to enter previously unexplored markets.
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The adoption of omni-channel distribution strategies by the manufacturers now includes internet shopping. The less developed economies, however, have not yet embraced e-Commerce packaging. This aspect could present a lucrative opportunity.
Consumer electronics are well known for influencing how customers live their lives in terms of communication, security, and entertainment. In 2019, more than 2 billion consumers made internet purchases. Consumer devices typically have a shorter exchange term, which is a known fact. As a result, there are more shipments overall, which supports the retail e-Commerce packaging business.
In its most recent industry analysis, “Retail e-Commerce Packaging Market,” Future Market Insights walked through these facts and the ensuing procedures to be done. For carrying out the things, its team of analysts and consultants uses primary, secondary, and tertiary sources of study. The entire process is conducted from the bottom up.
Key Takeaways from Retail e-Commerce packaging Market
North America holds the largest market share with the US holding the baton. The United Nations Conference on Trade and Development (UNCTAD) has stated that e-Commerce sales did reach US$ 26.7 Tn in the year 2019 alone. Mexico is also not expected to remain behind. It is, in fact, expected to expand 1.4 times the existing market value by the year 2027. Mexican Online Sales Association has confirmed that the year 2020 saw domestic e-Commerce grow by more than 80% as compared to the year 2019.
The Europe is at the matured stage of retail e-Commerce packaging market and the scenario is expected to continue even in the forecast period.
The Asia-Pacific is expected to grow at the fastest rate in the retail e-Commerce packaging market with spike in the e-Commerce vertical
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Competitive Landscape
Amcor Ltd., in March 2019, acquired shares of its counterpart ‘Bernis’. The development was to join two robust competitors, so as to create a greater value for employees, shareholders, environment, and customers.
JD.com, in October 2018, launched its noble initiative regarding reusable packaging. This does render e-Commerce market as well as environment all the eco-friendlier. The consumers could receive the medium-size packages for every product.
DS Smith plc, in August 2021, did announce launching 100% recyclable e-Commerce packaging that would be helping it to make a beeline toward glamorous appearance in online retail with 0% plastic refilling and a completely corrugated cardboard.
Mondi plc, in June 2021, did announce expanding its range of plastic-free e-Commerce packaging. It thus extended its offerings of MailerBAG (comprising sustainable paper solutions).
“With increasing preference for e-shopping, the global retail e-Commerce packaging market is bound to grow graciously in the forecast period”, says an analyst from Future Market Insights.
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Retail E-Commerce Packaging Market by Category
By Product Type:
- Protective Packaging
- Boxes
- Mailers
- Labels
- Tape
- Others (Shrink & Stretch Films, Bags & Pouches, etc.)
By Merchandise Type:
- Consumer Electronics
- Fashion (Clothing, Footware, etc.)
- Home Furnishings
- Health, Personal Care & Beauty
- Recreation Goods
- Multimedia & Software
- Food & Beverages
- Homecare
- Others (Books, Automotive Products, Gifts)
By Market Type:
- Third Party Fulfilment & Logistics Companies
- Brick & Mortar Retailers
- Specialty Retailers
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- Japan
- Middle East and Africa (MEA)
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