E Commerce Packaging Market Forecasts to 2028 - Global Analysis By Material (Plastics, Paper & Paperboard, Corrugated Board, Glass and Corrugated Boxes), Form (Bags, Tapes, Labels, Protective Packaging, Mailers and Boxes), End-User (Pharmaceuticals, Autom

E Commerce Packaging Market Forecasts to 2028 - Global Analysis By Material (Plastics, Paper & Paperboard, Corrugated Board, Glass and Corrugated Boxes), Form (Bags, Tapes, Labels, Protective Packaging, Mailers and Boxes), End-User (Pharmaceuticals, Automotive, Retail, Food and Beverages, Household, Personal Care, Electronics and Electrical, Apparels and Accessories and Consumer Electronics) and Geography

According to Stratistics MRC, the Global E Commerce Packaging Market is accounted for $54.08 billion in 2022 and is expected to reach $116.24 billion by 2028 growing at a CAGR of 13.6% during the forecast period. E-commerce packaging is a strategy used to transfer, store, and protect the package's components until it is delivered to the customer by the supplier. Depending on the requirements of the item's contents, the products differ in terms of size, form, quality, and rigidity. Cross-border shopping's rising popularity has fueled a rise in demand for efficient and high-quality packaging. The market for profitable and expensive packaging has experienced a significant increase due to the growing popularity of cross-border shopping.

According to Associated Chambers of Commerce and Industry in India (ASSOCHAM), an industry trade association, the Indian e-commerce market accounted for US$ 41.34 billion in 2021 and is projected to exceed US$ 50 billion by 2025.

Market Dynamics:

Driver:

Expansion of e-commerce industry

The use of packaging products and other alternatives has increased as e-commerce and electronic goods industry have become more popular. Online shopping has advantages over conventional retailers, including free delivery, rapid deliveries, and simple easy returns. These benefits have propelled the consumer benefits of online shopping, which are predicted to drive global expansion.

Restraint:

Lack of awareness

The expansion of the e-commerce packaging market is hampered by the lack of awareness of e-commerce in rural areas, and product purchases that are performed online are also hindered by a lack of trust in online marketplaces. This limits the e-commerce packaging market's expansion. Additionally, a poor structure and a lack of technological expertise have a negative impact.

Opportunity:

Technology advancement

Due to the increasing number of product developments, the market growth rate will be boosted by new market opportunities. Market expansion is also being aided by a number of product innovations aimed at enlightening design and manufacturing methods. Manufacturers would likely benefit from new opportunities resulting from technological developments in the development of efficient and environmentally friendly e-commerce packaging. Additionally, an increase in strategic partnerships and the emergence of new markets will act as market drivers and increase favorable chances for the industry's growth rate.

Threat:

Lack of universal directives

During the projected period, market growth is predicted to be constrained by a lack of international laws regulating applications of e-commerce packaging. Each country has its own set of regulations regarding the use and applications of e-commerce packaging. Such national regulations pose a challenge for key players, which in turn inhibit investment in the e-commerce packaging market and restrict market expansion.

Covid-19 Impact

The market's growth was boosted by COVID-19, but it also impeded the flow of individuals and commodities. E-commerce played a critical role in the outbreak due to the increasing demand for necessities such as food, medicine, vegetables, and other products. By restricting the number of individuals migrating around and offering door-to-door services, e-commerce platforms reduce the spread of viruses and infectious diseases. The increase in pandemic accelerated the commercial expansion of the e-commerce packaging industry.

The corrugated boxes segment is expected to be the largest during the forecast period

The dominance of the corrugated boxes segment in this market is attributed to the benefits that all these boxes offer, such as resistance, recyclability, durability, and minimal environmental impact. Furthermore, the segment's growth will also be aided by changing environmental regulations and an increasing demand for sustainable packaging products.

The consumer electronics segment is expected to have the highest CAGR during the forecast period

Due to the surge in smartphone demand driven by accelerating technological advancements and digitalization activities, this market is expanding globally. Additionally, the segment's growth has been significantly amplified by increased disposable income and population expansion. Furthermore, security, communication, and entertainment components of consumer lifestyles are being moulded by consumer electronics. The industry segments with the shortest changeover periods are in consumer electronics.

Region with largest share:

The demand for e-commerce packaging solutions in Asia Pacific is being boosted by government initiatives that are promoting digitization and introducing many people to online modes of e-commerce. Additionally, India's favourable FDI policy of 100% FDI continues to inspire companies like Amazon to build strong base in the country. Furthermore, rising e-commerce shipments in the areas are being fueled by an expanding customer base, which is being fueled by the expansion of major economies such as China and India. As a result, it will increase the demand for packaging solutions in the region.

Region with highest CAGR:

Due to the highest global internet penetration rate, the market in North America is expanding rapidly. Additionally, the region's increasing celebrity and influencer culture, the increasing acceptance of fashion as well as other lifestyle choices will spur market expansion.

Key players in the market

Some of the key players in E-Commerce Packaging market include Nippon paper industries co., ltd, International Paper, Ds Smith, Rajapack Ltd, Sealed Air, Packaging Corporation of America, Klabin SA, AMCOR PLC, Smurfit Kappa Group PLC, Georgia-Pacific LLC, Shorr Packaging Corporation, Mondi PLC, Pacman LLC, Rengo Co. Ltd. and Orora Packaging Australia Pty Ltd.

Key Developments:

In June 2022, Amcor plc, a global leader in developing and producing sustainable packaging solutions, unveiled a product rebranding design to give customers a clearer, holistic view of its growing portfolio of more sustainable packaging solutions. Through this rebranding Amcor plc will provide customers with greater visibility and transparency of their extensive product portfolio.

In March 2022, The International Paper have invested nearly US$ 24.15 million in plants of Mortagne (France) and Chalon (France) to adapt their production capacity to growth of the e-commerce sector and to offer even more sustainable packaging to customers. As part of the project, up to 50 new positions will be created in France.

In Jan 2022, Amcor plc, launched a new platform of paper-based packaging products AmFiberTM. Amcor plc is engaged in developing and producing sustainable packaging solutions. AmFiber innovations aim to redefine the capabilities of traditional paper packaging, providing a wider range of features and functional benefits to meet the changing needs of consumers.

Materials Covered:
• Plastics
• Paper & Paperboard
• Corrugated Board
• Glass
• Corrugated Boxes

Forms Covered:
• Bags
• Tapes
• Labels
• Protective Packaging
• Mailers
• Boxes

End-Users Covered:
• Pharmaceuticals
• Automotive
• Retail
• Food and Beverages
• Household
• Personal Care
• Electronics and Electrical
• Apparels and Accessories

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements