E-Commerce Packaging Market, by Product Type (Boxes, Protective Packaging, Mailers, Tapes, Labels, Others); by Application (Electronics, Food & Beverages, Cosmetics, Fashion, Furniture and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
E-commerce packaging includes boxes, protective packaging, mailers, tapes, and labels among others, which are utilized for packaging of products that are sold on online platforms. E-commerce packaging materials require properties such as impact resistance and moisture and dust resistance to protect products during transit and storage. The e-commerce packaging market has been driven by growth of the e-commerce market worldwide. Furthermore, growth of the retail industry has also contributed to growth of market.
Market Dynamics
Growth of e-commerce packaging is a result of increased online sales across application segments such as electronics, food & beverages, cosmetics, fashion, and furniture among others. The electronics segment was the largest application segment in 2021. Online electronics and fashion sales have witnessed a significant growth in the recent past, due to discounts, ancillary services, and logistical services offered by various e-commerce players. According to U.S. government sources, these application segments alone will account for 1/3rd of the total U.S. e-commerce market.
Asia Pacific is projected to exhibit the highest growth in market with India, China, and Indonesia being the major growth engines in the region. China, the world’s largest e-commerce market, has benefited from a large population and increasing internet penetration. According to the Chinese Ministry of Commerce, the e-commerce market in China accounted for approximately 39% of the global e-commerce market in 2021. Europe and North America are matured markets for e-commerce and are projected to witness stagnant growth compared to growth in emerging economies such as India.
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