The E-Commerce Packaging Market is Expected to Grow with a CAGR of 14.0% in the Forecast Period of 2020 to 2027

The concept of sustainable packaging has grown with the inclusion of sustainable development concepts at various levels in industrial and institutional platforms. Emitting chemical materials, waste, air, soil and water quality degradation, climate change and other current problems have a negative effect on the packaging industry.        

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Global e-commerce packaging market is expected to reach USD 95,411.25 million by 2027 from USD 37,025.72 million in 2019, with the CAGR of 14.0% in the forecast period of 2020 to 2027. Active packaging develops the possibility that a chemical substance that affects food quality and safety can directly influence the product and its surroundings by the release or absorption of it. Thus, on concluding, growing popularity of smart packaging will also boost the demand of the global e-commerce packaging market.          

The rising demand for secondary packaging and protective packaging for electronic goods across the world will drive the market's growth rate

Transportation was focused on the packaging business. It allows goods to be healthier and more stable, easier to deal with, and protect for storage, transportation and shipment. Innovation and refinement for centuries produced technology for packaging that performs highly in an awesome application range and cheaply. Thus, on rising demand for secondary packaging and protective packaging for electronic goods will also boost the demand of the global e-commerce packaging market.

Report Scope and Market Segmentation

Segment Analysis:

Global e-commerce packaging market is segmented into three notable segments which are form, materials and end-user.

• On the basis of form, the market is segmented into boxes, bags, tapes, protective packaging, labels, mailers, others. Bags are further segmented into temper proof bags, courier bags, polythene bags, foam bags, woven sack bags, lock bags. In 2020, boxes segment is expected to dominate global e-commerce packaging market with 42.32% market share as they are considered to be the most stable base for the packaging.
• On the basis of materials, the market is segmented into plastics, corrugated board, paper & paperboard, glass, others. In 2020, plastics segment is expected to dominate global e-commerce packaging market with 42.77% market share as they help to make better packaging form for the e-commerce packaging.

The plastics segment will dominate the materials segment of the e-commerce packaging market

The plastics segment will emerge as the dominating segment under materials with approximately 40.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the materials and packaging industry all around the globe will further bolster the growth of this segment.

• On the basis of end-user, the market is segmented into apparels and accessories, electronics and electrical, personal care, household, food and beverages, retail, automotive, pharmaceuticals, others. In 2020, the apparel and accessories segment is expected to dominate the global e-commerce packaging market with a 37.79% market share due to demand in rapid fashion for all countries to update people according to the fashion.

The apparels and accessories segment will dominate the end-user segment of the e-commerce packaging market

The apparels and accessories segment will emerge as the dominating segment end-user segment. This is because of the growing number of apparels and accessories in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.

Major Players  

Data Bridge Market Research recognizes the following companies as the market players in e-commerce packaging market: Smurfit Kappa (Irealand), NIPPON PAPER INDUSTRIES CO. LTD (Japan)., Crawford Packaging (Canada), Georgia-Pacific (US), DS Smith (UK), Mondi (UK), Packaging Corporation of America (US), Salazar Packaging, Inc. (US), Lil Packaging USA (England), Amcor Plc (switzealand), Sealed Air (US), RENGO PACKAGING INC (Japan), Orora Packaging Australia Pty Ltd (Australia).

Market Development

• In October 2019, Roberts PolyPro, Inc, a worldwide leader in packaging machinery solutions, continues to expand its can and bottle handle solutions portfolio with the acquisition of Grip-Pak, a turnkey provider of multipack handle solutions for beverage companies packaging their products in cans or bottles, as well as retailers and wholesale distributors looking to promote or repack their SKUs. With this, the company is providing a broad variety of handling solutions to the entire industry
• In September 2019, RAJA, Europe's No.1 packaging company, along with Ranpak, a global pioneer in e-controlled packaging at Olympia London, are providing variety of creative and cost-beneficial e-commerce packaging solutions for the e-commerce Expo as qualified e-commerce packaging partners. With this, the company has enhanced its brand value in the market

Regional Analysis

Geographically, the countries covered in the e-commerce packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in e-commerce packaging market during the forecast period 2020 - 2027

In terms of revenue and market share, Asia-Pacific dominates the e-commerce packaging industry, and this dominance will only grow throughout the projection period. This is a result of expanding customer desire for corrugated boxes in developing nations like China, Japan, and India. China is the market leader in the Asia-Pacific region.

North America is estimated to be the fastest-growing region in e-commerce packaging market the forecast period 2020 - 2027

Owing to the increasing demand for packaged foods, consumer goods, and electronics in the region's various nations, North America is anticipated to have the fastest growth during the projected period.

COVID-19 Impact

The market expansion was boosted by COVID-19, although man and material transportation were constrained. Due of the rising demand for necessities like food, medicine, veggies, and other products, e-commerce was crucial in the pandemic. By restricting human movement and providing door-to-door services, e-commerce platforms stop the spread of viruses and infectious diseases. Pandemic spread accelerated the market expansion of the e-commerce packaging sector.

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