E-commerce packaging involves packaging made solutions made of different materials and shapes for several products. E-commerce industry depends on the packaging for delivering its products safely to its customers since the e-commerce industry has increased for the past few years, and this is expected to create a significant impact on the growth of e-commerce packaging. Market research shows that the increasing demand for secondary packaging and growing popularity for smart packaging is driving the need for this market.
Increasing demand for packaged food, online grocery, online appeals, and non-perishable products is driving the growth of the e-commerce market. Consumer’s preferences and buying behaviour is changing. They expect high-quality packaging for their products. Different packaging materials used comprises of plastic, corrugated board, paper, and others. Lack of growth in the underdeveloped economies is restricting the growth of e-commerce packaging market. Through the data collection and survey analysis, the best primary research company analyzed that the APAC region is expected to dominate the market and show incremental growth in the future.
The end-use industries are fashion and apparel, consumer electronics, food & beverages, personal care products, and others. According to a market survey, the consumer electronics industry is shaping the lifestyle of the consumer in terms of communication, security, and entertainment. Amongst all the end-users, the consumer electronics industry holds the highest market share in 2018 due to rising market penetration of smartphones and other electronic gadgets.
Government regulations for corrugated packaging and rising concerns for environment safety is making many e-commerce companies focus on sustainable packaging solutions.
According to an estimate and survey analysis by the best market research company, the Asia-Pacific region is one of the fastest-growing areas for this market owing to the growing economies in major countries such as India and China.
The Global E-commerce packaging market is expected to grow at a CAGR of 14.59% during the forecasted years 2019-2024. The top players of the e-commerce packaging market include Mondi Group Plc, International Paper Company, Rengo Co. Ltd, Georgia-Pacific LLC, and others.
As stated by MondiGroup, E-commerce sales are projected to reach a value of USD4.9 Trillion by 2021. As more and more companies are adopting the e-commerce platform to sell their products, thus the demand for e-commerce packaging is growing.
Global B2C e-commerce Market is expected to reach USD 7,724.8 billion by 2025. The market is estimated to grow at a significant CAGR of 11.7% over the future period as the scope and its applications are rising enormously across the globe.
Rising broadband wireless connections, rising advantages like growing suitability of shopping and time management, and growing number of smartphone users are documented as major factors of B2C e-commerce Market that are estimated to enhance the growth in the years to come.
The B2C e-commerce Market is segmented based on product type, device type, application, and region. Food and beverages; apparel, footwear, and accessories; publications; consumer electronics and electrical; infant’s and mother’s products; and beauty and personal care products that could be explored in B2C e-commerce in the forecast period.
