According to Data Bridge Market Research new Market report, global e-commerce packaging is expected to grow with a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growing adoption and penetration of e-commerce shopping methods.
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E-commerce packaging is a method of pre-determined packaging as defined by the e-commerce organizations and warehousing storage companies. They are used by the companies so that they transport the products with safety without damaging them. They are available in different shapes, sizes, and characteristics as per the needs and demand of the product.
Global e-commerce packaging market is segmented on the basis of material, form, end-user and geography
By Material (Corrugated Board, Paper & Paperboard, Plastics, Others), Form (Boxes, Labels, Tapes, Mailers, Others), End-User (Retail, Electronics & Electrical, Personal & Home Care, Food & Beverages, Apparel & Accessories, Healthcare & Pharmaceuticals, Automotive, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN E- COMMERCE PACKAGING MARKET
Increasing E-Commerce Sales
In 2017, United Kingdom’s retail generated 48.9 billion British pounds in sales. The wholesale sector ranked first with 176 billion British pounds generated which was 139.4 billion British pounds in 2016. The manufacturing sector was 161.2 billion British pounds in 2017 which was 173.6 billion British pounds in 2016. Below graph shows the e-commerce sales in different industry sector in 2016 and 2017.
Few of the major competitors currently working in the e-commerce packaging market are International Paper; NIPPON PAPER INDUSTRIES CO., LTD.; Celloglas Ltd.; Smurfit Kappa; Mondi; DS Smith; Packaging Corporation of America; Rengo Co.,Ltd.; Orora Packaging Australia Pty Ltd; Klabin; Georgia-Pacific; Sealed Air; Amcor Limited; Crawford Packaging; RAJAPACK Ltd; Lil Packaging and Salazar Packaging, Inc.
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