E-Commerce Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

E-Commerce Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of E-commerce Packaging Market

The E-commerce packaging market size was valued at USD 49.74 billion in 2023, and the market is now projected to grow from USD 53.35 billion in 2024 to USD 104.19 billion by 2032, exhibiting a CAGR of 8.73% during the forecast period of 2023-2030.

During covid pandemic most of the business were forced to shift to online selling’s by closing physical stores which boost the e-commerce market growth. This trend will be continued as business recognize the importance of having an efficient and visually appealing online store for driving sales and reaching a worldwide client base. Hence, online store sale is anticipating to witness a boom in the projected period.

The increasing demand for efficient and secure online platforms is likely to drive the Global e-commerce packaging market growth in the coming years. Having an online presence is a major attribute to boost the economic growth of any business, this strategy is gaining manufacturers attention and provoking them to shift their business online by creating e-commerce websites. With increasing usage of internet, consumers are shifting their preference towards e-commerce rather than shopping through physical stores due to their busy schedule, which is booming the e-commerce market growth significantly. This shifting becomes more convenient with the adoption of technology, and increase the owner’s ability to reach a global customer base hence is a major factor driving the increasing demand for e-commerce websites.

Additionally, due to rising consumer preferences towards online shopping the market is witnessing a strong boom in the upcoming years. Adoption of ongoing technological improvements and the introduction of new features by the platform are projected to boost the e-commerce packaging market growth. The platform's offerings are continually updated to provide organizations with more customization possibilities, seamless integrations, and an improved user experience. The factors such as rising demand for e-commerce services, increased smartphone and tablet users worldwide, and rising internet penetration will fuel market expansion in the upcoming future.

Comprehensive Analysis of E-commerce Packaging Market

The E-commerce packaging market is rising with an exponential rate due to its various market segmentation. This market expansion effectively provides a detailed geographical assessment considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by types of devices and by end users. The types of By Material (Paper & Paperboard, Plastic, Glass, and Others), By Packaging Type (Flexible {Bags & Pouches, Tapes, Wraps & Films, Mailers, and Others}, Rigid {Corrugated Boxes, Bottles, Cartons, Hinged & Lidded Containers, Trays, and Others}), By EndUser (Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, Electronics & Electricals, Apparels & Accessories, Consumer Goods, and Others.

In the e-commerce packaging market, North America region lead the market with a market size of USD 16.59 billion in 2023 owing to ready to eat products preferences, increasing disposable income and shifting consumer preferences towards online platform due to hectic schedule.

The prominent players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include, Orora Packaging Australia Pty Ltd. (Australia), Mondi Group (U.K.), International Paper Company (U.S.), DS Smith (London), Amcor plc (Switzerland), Klabin S.A (Brazil), Rengo Co., Ltd. (Japan), Georgia-Pacific LLC (U.S.), Smurfit Kappa (Ireland), Berry Global (U.S.), Sealed Air (U.S.) and Transcontinental Inc. (Canada) these prominent market players provide a level-playing competitive landscape.

In March 2022, DS Smith introduces a corrugated cardboard box created with a single material solution. As per the company said, the product is a simpler type of packaging with a great protection for medical gadget and other sophisticated parts. The new packaging can be recycled easily and provides improved environmental protection across the supply chain.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 8.73% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Material

Paper & Paperboard

Plastic

Others

By Packaging Type

Flexible

Bags & Pouches

Tapes

Wraps and Films

Mailers

Others

Rigid

Corrugated Boxes

Bottles

Cartons

Hinged & Lidded Containers

Trays

Others

By End-User

Food & Beverages

Pharmaceuticals

Personal Care & Cosmetics

Electronics & Electricals

Apparel and Accessories

Consumer Goods

Others

By Region

North America (By Material, Packaging Type, End-User, and Country)

U.S. (By Material)

Canada (By Material)

Europe (By Material, Packaging Type, End-User, and Country)

Germany (By Material)

France (By Material)

U.K. (By Material)

Italy (By Material)

Spain (By Material)

Russia (By Material)

Rest of Europe (By Material)

Asia Pacific (By Material, Packaging Type, End-User, and Country)

China (By Material)

India (By Material)

Japan (By Material)

Australia (By Material)

Southeast Asia (By Material)

Rest of Asia Pacific (By Material)

Latin America (By Material, Packaging Type, End-User, and Country)

Brazil (By Material)

Mexico (By Material)

Rest of Latin America (By Material)

The Middle East & Africa (By Material, Packaging Type, End-User, and Country)

GCC (By Material)

South Africa (By Material)

Rest of the Middle East & Africa (By Material)


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