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| E-Commerce Packaging Market |
E-commerce packaging includes a wide range of consumables that are utilized for safely packaging different types of goods ordered online by customers. These packaging solutions include materials such as corrugated boxes, protective packaging, labels, tapes, and others. E-commerce packaging serves various functions like protection of goods from external impact, dust, moisture, and tampering during storage, handling, and transportation. Some key applications of e-commerce packaging include packaging for electronics, fashion and apparel, food and beverages, automotive, healthcare, and others. The global e-commerce industry has witnessed tremendous growth over the past few years with increase in number of online shoppers and digital payments. To accommodate the growing demand for products ordered online, retailers and third party logistics providers are adopting flexible and sustainable e-commerce packaging materials.
The global E-Commerce Packaging Market is estimated to be valued at US$ 34.17 Bn in 2023 and is expected to
exhibit a CAGR of 9.8% over the
forecast period 2024 to 2031, as highlighted in a new report published by
Coherent Market Insights.
Market Dynamics:
The global E-Commerce Packaging Market is expected to be flourished by rising
demand for eco-friendly packaging from online shoppers as well as packaging
manufacturers. Consumers today are more environmentally conscious and prefer
sustainable packaging over conventional packaging. Thus, major e-commerce
companies and packaging suppliers are focusing on developing packaging
solutions that use recycled content, easily recyclable materials,
bio-degradable content and reduce plastic packaging waste. For instance, many
online retailers have introduced paper padded mailers, paper tape, recyclable
labels and mailers made from recycled paper. Such initiatives towards
sustainable packaging help companies boost brand image and reputation as well
as comply with stringent regulations regarding use of plastics and paper.
Moreover, digital printing technologies allow for smaller print runs with
variable data which facilitates customizable sustainable packaging.
Advancements in digital printing coupled with increasing adoption of
sustainable materials for e-commerce packaging is expected to drive market
growth over the forecast period.
Segment
Analysis
The e-commerce packaging market is segmented into protective packaging,
flexible packaging, labels, and others. Among these, the protective packaging
segment dominates the market and accounted for over 40% of the global
e-commerce packaging market share in 2024. Protective packaging protects
products from any kind of damage during transit and provides cushioning effect.
Corrugated boxes, air pillows, and shrink films are commonly used as protective
packaging materials. This segment is expected to remain the largest segment
during the forecast period due to the increasing need for safe delivery of
products across various industries.
PEST Analysis
Political: Trade policies and regulations regarding packaging waste disposal
and recycling have a significant impact on the e-commerce packaging market.
Stringent regulations in Europe pertaining to use of plastics boost the demand
for eco-friendly and sustainable packaging materials.
Economic: Rising disposable incomes and growth of the online retail industry
drive the demand for e-commerce packaging. High economic growth rates in
developing nations provide lucrative opportunities.
Social: Changing customer demand and preferences towards convenience and safe
delivery are the key social factors augmenting the market growth. Growing
popularity of online shopping contributes hugely to market expansion.
Technological: Advancements in packaging such as smart and interactive packaging
incorporating technologies like RFID and sensors are gaining traction.
Innovation and development of bio-based and recyclable materials also influence
the industry trends positively.
Key Takeaways
The global E-Commerce
Packaging Market Growth is expected to witness high growth over the
forecast period.
Asia Pacific
holds the major market share currently in the global e-commerce packaging
market due to the rapid growth of the online retail industry in countries such
as China, India, and Japan. China dominates the Asia Pacific e-commerce
packaging market owing to the large population and rising disposable incomes
leading to increased online shopping activities.
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, Valutek, Jiujiang Haorui Industry
& Trade Co. Ltd., and Ansell Healthcare. Semperit AG Holding is a leading
player in medical and industrial gloves with a global presence with production
facilities in Asia and Austria.
For more insights, read- https://www.insightprobing.com/the-global-e-commerce-packaging-market-is-driven-by-surge-in-online-shopping/
For
More Details On The Report, Read- Https://Masstamilan.Tv/Nasal-Sprays-In-The-United-States-An-Overview/
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