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| E-Commerce Packaging Market Size |
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 Overview:
E-commerce packaging includes protective packaging solutions used for safe shipping
of goods purchased online. Protective packaging provides cushioning and
blocking during shipping to prevent damage of products. Common types of
e-commerce packaging include protective mailers, air pillows, paper fill, foam
materials, corrugated boxes, and other protective shippers. E-commerce
packaging aims to minimize waste while providing adequate protection during
shipping and delivery. Growth of online shopping and demand for fast delivery
has increased the need for effective, sustainable and cost-efficient e-commerce
packaging solutions.
Market key trends:
Rise in online shopping is a key driver of increasing demand for e-commerce
packaging. Rapid growth of e-retailing platforms globally and shift of
consumers towards online shopping channel is fueling the e-commerce packaging
market growth. According to statistics, global e-commerce sales grew by over
27% in 2020 compared to previous year and this upward trend is projected to
continue over the forecast period. Growing demand for protective, sustainable
and cost-effective packaging solutions from e-retailers is prompting
manufacturers to invest in new product innovations. Development of recyclable,
reusable and biodegradable packaging materials is a notable trend in the
market.
Porter’s Analysis
Threat of new entrants: The E-Commerce
Packaging Market Size requires high capital investments for setting up
production facilities and R&D which acts as a barrier for new players.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability
of substitute packaging products and medium brand loyalty of buyers.
Bargaining power of suppliers: A few leading players dominate the supply market
resulting in less bargaining power for suppliers.
Threat of new substitutes: The threat of substitutes is low as there are
limited substitutes that can provide the protective features of e-commerce
packaging.
Competitive rivalry: The market comprises several international players
resulting in high competitive rivalry.
Key Takeaways
The global e-commerce packaging market is expected to witness high growth,
exhibiting CAGR of 6.2% over the
forecast period, due to increasing e-commerce sales globally. E-commerce sector
in emerging economies of Asia Pacific is experiencing rapid growth which is
expected to drive the regional market.
Regional analysis: Asia Pacific dominates the global market and is expected to
maintain its leading position during the forecast period. Countries such as
China, Japan, and India have witnessed rising disposable incomes and
penetration of internet and smartphones which has boosted online retail sales
in the region.
Key players: 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. Mondi Group offers a wide range of
e-commerce packaging solutions such as boxes, mailer bags, and wraps. Klabin
focuses on producing flexible and rigid packaging for the e-commerce sector.
Read More: https://www.trendingwebwire.com/e-commerce-packaging-market-analysis/