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E-Commerce Packaging Market By Product Type (Boxes, Mailers, Tapes), Material (Corrugated Boards, Paper And Paperboards, Plastics), Application (Electronics, Food And Beverages, Fashion, Cosmetics), And Region For 2024-2031


Published on: 2024-08-06 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

E-Commerce Packaging Market By Product Type (Boxes, Mailers, Tapes), Material (Corrugated Boards, Paper And Paperboards, Plastics), Application (Electronics, Food And Beverages, Fashion, Cosmetics), And Region For 2024-2031

E-Commerce Packaging Market Valuation – 2024-2031

Increasing availability and accessibility to the internet in developing economies worldwide is creating significant potential for e-commerce and packaging providers to tap into untapped markets and gain substantial market share. Also, the demand for eco-friendly e-commerce packaging materials, customization and branding help improve appearance. Thus, focus on sustainability along with aesthetic packaging is driving the market size to surpass USD 78.03 Billion in 2023 to reach a valuation of around USD 119.07 Billion by 2031.

In addition to this, the e-commerce packaging sector offers branded, long-lasting, sustainable, and protective packaging solutions to meet the unique demands of online retailers enabling the market to grow at a CAGR of 7% from 2024 to 2031.

E-Commerce Packaging MarketDefinition/ Overview

E-commerce packaging is crucial for ensuring products arrive safely at customers’ doorsteps. It involves selecting appropriate materials like cardboard boxes, padded envelopes, and internal cushioning like bubble wrap and peanuts. Custom designs with logos, colors, and messaging can boost brand recognition.

E-commerce packaging comes in various forms, such as cardboard boxes for most items, padded envelopes for lightweight items, and specialized packaging for fragile or temperature-sensitive goods. The future of e-commerce packaging is expected to blend environmental responsibility and technological innovation, with embedded security features to combat counterfeiting and real-time information on temperature, location, and potential damage during transit.

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How will the Rising Use of Smartphones and the Internet Drive the E-Commerce Packaging Market?

The market for e-commerce packaging is being driven by the global trend of e-commerce sales and the rising use of smartphones and internet connectivity. Online shopping has become easier to access and more convenient as more individuals acquire access to smartphones and the Internet. The worldwide E-Commerce market is witnessing a significant upsurge due to a shift in customer behavior.

The COVID-19 pandemic led to an increase in the market. Most countries, including China, the United States, and Germany, imposed restrictions on the movement of people and goods. However, the e-commerce industry was exempted from these laws due to customer demand for necessary commodities such as food, pharmaceuticals, and vegetables. E-commerce platforms played a crucial role in limiting people’s movement and preventing the spread of the virus by providing door-to-door delivery services.

Online shopping platforms are witnessing a surge in the demand for food and beverages, which will consequently drive the need for efficient packaging. There has been a significant increase in the purchase of groceries online due to the convenience that comes with it. As a result, consumers are now demanding better packaging for their food and drink items. The Food and Drug Administration has enforced multiple laws under the Fair Packaging and Labelling Act to ensure proper labeling and packaging in the food and drug industry. With the growing demand for food and beverages through e-commerce platforms, it is expected to further stimulate market growth.

The growing demand for eco-friendly packaging in e-commerce is expected to drive the market growth. Brazil’s Klabin Forvou, a digital platform offering paper packaging solutions, is expected to attract medium and small-sized firms, boosting demand for renewable raw materials such initiatives by major players would accelerate the demand for e-commerce packaging during the forecast period.

Will Lack of Recycling Facilities Hamper the E-Commerce Packaging Market?

The E-Commerce Packaging Market faces a significant challenge due to the absence of recycling facilities, which are crucial for environmental preservation and infrastructure development, thereby, hindering market growth during the forecast period.

The excessive use of non-biodegradable plastic has had an impact on the growth of the e-commerce packaging sector, and governments throughout the world are starting to implement rigorous regulations. These limitations are the primary obstacles that will prevent the market from expanding.

Additionally, the need for cost-effective packaging solutions can sometimes conflict with sustainability goals. Sustainable packaging materials and practices may come at a higher cost, which can be a deterrent for some e-commerce businesses, especially smaller ones with tighter budgets. The high cost of sustainable packaging materials is likely to restrain the growth of the E-Commerce Packaging Market.

Category-Wise Acumens

Will the Rise in the Use of Boxes Drive the E-Commerce Packaging Market?

Due to their versatility and wide range of applications, boxes have the highest CAGR in the e-commerce packaging industry. Boxes provide a reliable and adaptable packaging solution for a variety of products from different industries. They can be used for packaging food and beverages, furniture, fashion items, electronics, cosmetics, and more. Boxes offer ample space for branding and product information, protection during shipment, and ease of stacking and handling.

Businesses seeking safe and visually appealing packaging options in the e-commerce sector opt for boxes because of their durability and flexibility. Boxes can be adapted to accommodate various product types, from small electronics to clothing to fragile items. They come in different shapes, sizes, and configurations, making them suitable for a wide range of products sold through e-commerce channels.

Custom-printed boxes allow e-commerce businesses to showcase their branding and enhance the unboxing experience for customers. Branded packaging can leave a lasting impression, contribute to brand recognition, and encourage repeat purchases.

Which Factors Enhance the Use of Corrugated Boards in E-Commerce Packaging?

In the E-Commerce Packaging Market, corrugated boards have become the dominating player, holding the largest market share. This is mostly because of its remarkable blend of durability, adaptability, and strength. The corrugated board ensures secure delivery to clients by providing superior safeguards for products during transportation.

Its flexibility makes branding, creative packaging designs, and effective customization possible. Additionally, corrugated boards are easily recyclable and mostly composed of recycled materials, which is in line with the growing demand for environmentally responsible packaging options.

Corrugated boards are lightweight, reducing shipping costs and contributing to sustainability by reducing fuel consumption and carbon emissions. They are easy to handle and assemble, requiring minimal time and effort. Many solutions feature self-locking or adhesive closures, eliminating the need for additional sealing materials like tape.

Gain Access to E-Commerce Packaging Market Report Methodology

Country/Region-wise Acumens

Will Expansion in Online Retail Drive the Demand for E-Commerce Packaging in Asia Pacific?

The Asia Pacific region holds the largest market share in the E-Commerce Packaging Market due to the growth of industries in China, Japan, South Korea, and India. China’s online retail expansion has driven demand for efficient packaging solutions. Japan’s mature industry emphasizes quality and customer satisfaction, necessitating packaging solutions that ensure product integrity and an exceptional unboxing experience. South Korea’s tech-savvy consumer base drives innovation in packaging designs and personalized branding. India’s rapid E-Commerce growth, coupled with increasing internet penetration and smartphone usage, has led to a surge in demand for E-Commerce packaging.

The expansion of online retail in Asia Pacific is closely linked to advancements in logistics and supply chain infrastructure. As e-commerce companies strive to improve delivery speed, efficiency, and reliability, there is a growing need for packaging materials that can withstand the rigors of transportation and distribution.

The region’s population size and rising disposable incomes have created a greater demand for high-quality E-Commerce packaging products and materials. For instance, According to India’s smartphone base is expected to reach 1 billion by 2026, contributing significantly to the country’s digital sector, which is projected to reach $1 trillion by 2030, driven by rising internet users and smartphone penetration.

Will Early Adoption of Technologies in North America Mature E-Commerce Packaging Market?

North America is known to embrace technological advancements leading to early adoption and widespread use of e-commerce packaging. Continuous advancements in technology, including artificial intelligence, machine learning, data analytics, and augmented reality, are transforming the e-commerce landscape.

The demand for consumer goods is driven by factors such as population growth, urbanization, rising disposable incomes, and changing lifestyle preferences. Consumers seek a wide variety of products, including apparel, cosmetics, household items, and personal care products, which are readily available through e-commerce channels. According to the , worldwide e-commerce sales surged to USD 26.7 trillion in 2019, with the US maintaining its top spot in the industry.

Furthermore, North America is a significant market for electronics products, including smartphones, laptops, tablets, home appliances, and wearable devices. The increasing adoption of new technologies, such as 5G connectivity, Internet of Things (IoT) devices, and smart home solutions, further drives the demand for electronics products through e-commerce platforms north America is a significant electronics market, with the adoption of 5G connectivity, IoT devices, and smart home solutions driving demand through e-commerce platforms, including smartphones, laptops, tablets, and wearable devices. These innovations are enabling North America to dominate the E-Commerce Packaging Market during the forecast period.

Competitive Landscape

The competitive landscape of the E-Commerce Packaging Market provides details about each competitor, such as company overview, financials, revenue generated, market potential, research and development investment, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product range, and application dominance.

Some of the prominent players operating in the E-Commerce Packaging Market include

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

Latest Developments

  • In August 2022, Amcor Limited established a center for innovation in China. The Asia Pacific region benefits from the new center’s work on packaging technologies and more ecologically friendly material research.
  • In March 2022, The Mondi Group purchased corrugated packaging for USD 315 Million (280 million euros). The strategic goal of this investment is to satisfy the growing market demand for sustainability.
  • In July 2022, USD 12.1 Million will be invested by DS Smith to expand the Cartogal packaging facility in Spain. A Pobra do Caramiñal, a village in Galicia, is home to a facility that is being expanded and invested millions of euros to enhance its size, production, and storage capacity. The company’s ability to offer better services to clients around the region would also be facilitated by the growth.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2018-2031

Growth Rate

CAGR of ~7% from 2024 to 2031

Base Year for Valuation

2023

HISTORICAL PERIOD

2018-2022

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Product Type
  • Material
  • Application
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

DS Smith plc., NIPPON PAPER INDUSTRIES CO., LTD., Intertape Polymer Group Inc., Georgic-Pacific LLC, International Paper Company, Sealed Air Corporation, 3M Company.

Customization

Report customization along with purchase available upon request

E-Commerce Packaging Market, By Category

Product Type

  • Boxes
  • Mailers
  • Tapes
  • Protective Packaging
  • Labels

Material

  • Corrugated Boards
  • Paper And Paperboards
  • Plastics

Application

  • Electronics
  • Food And Beverages
  • Fashion
  • Cosmetics

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

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Reasons to Purchase this Report

  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
  • Provision of market value (USD Billion) data for each segment and sub-segment.Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players.
  • The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.
  • It provides insight into the market through Value Chain.
  • Market dynamics scenario, along with growth opportunities of the market in the years to come.6-month post-sales analyst support.

Customization of the Report

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Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )