The global retail e-commerce packaging market is anticipated to reach a valuation of US$ 17.6 billion in 2023, driven by rapid growth of eCommerce. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.0% between 2023 and 2033, and reaching a total valuation of approximately US$ 28.7 billion by 2033.
One of the major factors contributing to the growth of the retail e-commerce packaging market is sustainability, which has become a paramount concern in the packaging industry, driven by increasing environmental awareness among consumers and businesses. Retailers are actively seeking eco-friendly packaging solutions that minimize waste, use recycled or renewable materials, and reduce carbon footprint. The adoption of sustainable packaging practices in e-commerce helps retailers meet regulatory requirements, align with consumer preferences, and demonstrate corporate social responsibility.
Packaging plays a vital role in shaping a brand’s image and creating a positive customer experience. Retailers recognize the significance of branding through packaging and invest in visually appealing designs, custom prints, and personalized touches. Retailers, by focusing on branding and customer experience, can create a lasting impression on customers, foster brand loyalty, and generate positive word-of-mouth, ultimately driving the demand for innovative and distinctive retail e-commerce packaging.
Efficient logistics and supply chain management are critical for the success of e-commerce businesses. Retailers are increasingly adopting packaging solutions that optimize space utilization, reduce shipping costs, and enhance product protection during transit. Custom-fit packaging, right-sizing, and smart packaging designs that minimize void fill contribute to streamlined logistics and supply chain operations, making packaging a crucial component of efficient order fulfillment.
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Key Takeaways from the Market Study
- Global retail e-commerce packaging market was valued at US$ 16.8 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 2.6%.
- The United States is expected to hold a dominant CAGR of 4.9% during the forecast period.
- By product type, the protective packaging segment is expected to constitute a CAGR of 4.9% in 2033.
- On the basis of merchandise type, fashion segment is expected to dominate the market with a CAGR of 4.8% in 2033.
- From 2023 to 2033, retail e-commerce packaging market is expected to flourish at a CAGR of 5.0%.
- By 2033, the market value of retail e-commerce packaging is expected to reach US$ 28.7 billion.
Integration of augmented reality (AR), across the globe is a major factor that is expected to propel the growth of the retail e-commerce packaging market in the near future, remarks an FMI analyst.
Competitive Landscape
Recent Developments:
- In May 2023, Ranpak Holdings Corp. unveiled its Geami WrapPak® EX MINI, a compact and versatile paper cushioning system designed for e-commerce packaging. The Geami WrapPak® EX MINI provides protection and cushioning for products during transit while using sustainable, recyclable materials. It offers convenience and efficiency in the packaging process, supporting e-commerce retailers’ efforts to deliver secure and environmentally friendly packaging.
- In February 2023, Sealed Air Corporation announced the launch of its FLX™ SmartPacker, an automated system that uses sensor technology to create custom-sized boxes for e-commerce orders. The FLX™ SmartPacker optimizes packaging material usage, reduces void fill, and improves operational efficiency for e-commerce fulfillment centers. The solution contributes to cost savings and sustainability in the packaging process.
- In April 2022, Pregis introduced its Sharp Packaging Solutions, which provides customized packaging solutions for e-commerce companies. Sharp Packaging Solutions combines innovative packaging design, automation technology, and fulfillment capabilities to meet the unique needs of e-commerce retailers. The solution optimizes packaging operations, enhances product protection, and supports efficient order fulfillment.
The Major Key Players Are:
- DS Smith plc
- Intertape Polymer Group Inc.
- Georgic-Pacific LLC
- International Paper Company
- Mondi plc.
- Sealed Air Corporation
- 3M Company
- WestRock Company
- Pregis Corporation
- Smurfit Kappa Group
- Packaging Corporation of America
- Ventapel
- NIPPON PAPER INDUSTRIES CO., LTD.
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Key Segments Profiled In The Global Retail E-Commerce Packaging Market
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 Fulfillment & Logistics Companies
- Brick & Mortar Retailers
- Specialty Retailers
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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