The Sustainable E-Commerce Packaging Market size is estimated at USD 34.41 billion in 2024, and is expected to reach USD 50.83 billion by 2029, growing at a CAGR of 8.12% during the forecast period (2024-2029).
Manufacturers and consumers are becoming more aware of the environmental consequences of packaging waste, resulting in an incremental need for sustainable packaging solutions that reduce waste and utilize eco-friendly materials. The behavior of eco-conscious consumers in developed regions like Europe and North America gravitates toward environmentally sustainable packaging, which can be made from recycled, biodegradable, or compostable materials.
The market studied is fragmented, with major vendors accounting for most of the market share. The presence of many players in the market impacts the pricing of services, making it a direct competing factor, especially for small-scale vendors. The vendors are expected to focus on providing one-stop-shop services, providing them with a competitive advantage. Some of the major players in the market are Amcor Group GmbH, Smurfit Kappa Group, WestRock Company, and DS Smith PLC.
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