The E-Commerce Packaging market comprises packaging products such as protective packaging, boxes, mailers, tapes, and labels used for packaging various goods sold online. These packaging solutions provide protection as well as an appealing look to the products during shipping and delivery. The global e-commerce market has witnessed tremendous growth over the past few years owing to the rise in internet and smartphone penetration. Increased consumer preference for online shopping has led to higher demand for various packaging products.
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 9.8% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The key driver of growth in the E-commerce packaging market is the robust expansion of the global e-commerce industry. As online shopping continues to gain widespread acceptance among consumers, the demand for secure, attractive, and sustainable packaging solutions is increasing. Various packaging manufacturers are focusing on developing innovative products made from recycled content to cater to the rising sustainability requirements of both online retailers and consumers. Lightweight and reusable packaging are other trends gaining traction in the market. Adoption of automated packaging lines by major e-commerce companies to improve operational efficiency is also expected to support market growth over the forecast period.
Segment Analysis
The global e-commerce packaging market is dominated by corrugated boxes sub-segment due to high volumes of packaging required for e-commerce shipments. Corrugated boxes are sturdy and offer protection to products during shipping and transportation. Other major sub-segments include protective packaging, tapes, labels, and others. Protective packaging sub-segment is projected to witness fast growth during the forecast period owing to increasing demand for protective air cushions, void-fill packing peanuts, and other cushioning materials to prevent breakage of fragile items.
Key Takeaways
The Global E-Commerce Packaging Market Demand is expected to witness high growth. The market is projected to reach a value of US$ 29.66 Billion by 2024, expanding at a CAGR of 9.8% during 2023-2030.
Regional analysis shows that the Asia Pacific region dominates the global market currently. Factors such as increasing urbanization, rising disposable incomes, and growing penetration of internet and smartphones have boosted the growth of e-commerce sector in Asia Pacific countries including China, India. North America and Europe are other major markets for e-commerce packaging driven by high adoption of online shopping among consumers in countries like the US, Germany, UK.
Key players operating in the e-commerce packaging market are Semperit AG Holding, Dia Rubber Co. Ltd., Asiatic Fiber Corporation, Woojin ACT Co. Ltd., Kimberly-Clark Corporation, Riverstone Holdings, Careplus Group Berhad, UG Healthcare Corporation, Nitritex Limited, and Valutek. Semperit AG Holding offers products like disposable gloves, examination gloves for medical purposes etc. Similarly, Dia Rubber Co. Ltd. provides rubber gloves, medical examination gloves, industrial gloves etc.
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