by The global E-Commerce Packaging Market is estimated to be valued at US$ 29.66 Bn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. The surge in popularity of digital payments around the world has significantly contributed to the growth of the e-commerce industry. As people shift towards contactless and digital modes of payments for shopping online, the demand for secure and innovative packaging solutions for protecting products during delivery has increased manifold.
Market Overview:
The e-commerce packaging market comprises corrugated boxes, protective packaging, tapes, labels, and mailing supplies that help protect and deliver online purchases to customers. E-commerce packaging plays a vital role in ensuring product safety during transportation and acts as a differentiator for brands looking to enhance the customer experience. Various types of protective packaging like air pillows, bubble wraps, and foam packaging provide cushioning and prevent damage to goods.
Market key trends:
One of the major trends in the E-Commerce Packaging Market Size is the growing demand for sustainable packaging materials. Both companies and customers are becoming increasingly aware about the environmental impact of excessive plastic and paper waste. Hence, there is a rise in the adoption of eco-friendly packaging products made from recycled content, bioplastics, and compostable materials. Companies are innovatingwith plant-based alternatives and optimized packaging designs to reduce material usage without compromising on protection. This shift towards sustainable solutions is expected to define carton-packaging trends over the coming years.
Segment Analysis
The e-commerce packaging market is segmented by material type into corrugated boxes, protective packaging, security envelopes, taped and mailer, and labels. Corrugated boxes dominate the market as they provide protection against physical damage during transportation and are reusable. Corrugated boxes have high recyclability properties.
Key Takeaways
The global e-commerce packaging market size is expected to witness high growth, exhibiting a CAGR of 6.2% over the forecast period, due to increasing online shopping and growing cross-border e-commerce sales.
North America dominates the e-commerce packaging market currently due to the strong presence of e-commerce companies and high internet penetration in the region. However, Asia Pacific is expected to witness the highest growth rate owing to the growing middle-class population and increasing disposable income in developing countries such as China and India.
Key players operating in the e-commerce packaging market are Amcor plc, Mondi Group, International Paper Company, Smurfit Kappa, DS Smith, Klabin S.A., Georgia-Pacific LLC, Rengo Co., Ltd., Orora Packaging Australia Pty Ltd, and Nippon Paper Industries Co., Ltd. Amcor plc holds the largest market share due to its strong distribution network and innovative packaging solutions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
