Paragraph: E-commerce packaging involves various types of packages used for protecting and transporting goods ordered online by consumers. It provides effective protection to products during shipping and prevents damage. E-commerce packaging helps ensure a good customer experience.
The global E-Commerce Packaging Market is estimated to be valued at US$ 29.66 Bn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growth in online retailing has been a major driver of the e-commerce packaging market in recent years. The convenience of online shopping has led to more people preferring to purchase goods on the internet instead of visiting physical stores. This has substantially increased the demand for suitable packaging that can withstand transit and provide protection. E-commerce packaging manufacturers have thus ramped up production and are innovating new designs to cater to the varying needs of e-tailers and ensure safe delivery of products to customers. Technologies like customized packaging using sustainable materials are also gaining traction in this market.
Strength: E-commerce packaging requires durable and protective packaging solutions to ensure goods reach consumers safely. This demand leads to sustainable growth opportunities.
Weakness: Increasing costs of raw materials like cardboard and plastics can squeeze profit margins for packaging manufacturers. Also, sustainability regulations pose compliance challenges.
Opportunity: Growing e-commerce sales will fuel need for customized packaging designs catering to different product types. Also, partnerships with logistics firms open new revenue streams.
Threats: Stricter environmental norms around single-use plastics may divert some packaging spend to reusable/returnable options. Competition from local manufacturers also increases.
The global E-commerce Packaging market is expected to witness high growth. Rapid growth of online retail sales across regions drives the need for secure, attractive packaging for delivering products to consumers’ doorsteps. The global E-Commerce Packaging Market is estimated to be valued at US$ 29.66 Bn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030.
The E-commerce Packaging market in North America currently dominates due to high e-shopping rates and presence of leading online retailers. However, the Asia Pacific region is projected to grow at fastest pace during the forecast period owing to a rapidly expanding middle-class population and improving net infrastructure in various countries.
Key players operating in the E-commerce Packaging market are Amcor plc, Mondi Group, International Paper Company, Smurfit Kappa, DS Smith, Klabin S.A., Georgia-Pacific LLC, Rengo Co., Ltd., Orora Packaging Australia Pty Ltd, and Nippon Paper Industries Co., Ltd. These players are focusing on product innovation and partnerships with logistics companies for gaining increased market share.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it