The global retail e-commerce packaging market is projected to touch USD 21,669.7 million at a 5.92% CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis. Retail e-commerce packaging includes products like protective packaging (loose fill peanuts, air pillows, and bubble wraps), labels, tapes, boxes (folding and corrugated cartons), and others. Generally, these products are used as secondary packaging to safeguard the packaged contents against damage at the time of transportation activities. Owing to its alluring features and benefits, it has wide applications in different end use industries such as healthcare and personal care, food and beverages, home furnishing, auto parts, electronics and consumer goods, apparel and accessories, and others.
Various factors are propelling the retail e-commerce packaging market share. As per the recent MRFR report, such factors include on-going rise in online shopping, consumers being spoilt for choice, convenience to shop at the comfort or during the move, free shipping, easy return policies, and fast delivery, demand for packaged food, presence of several online stores varying from non-perishable groceries to specialty packaged foods, increasing use of retail e-commerce packaging, preference for e-commerce shopping due to huge discounts, growing demand for protective, eco-friendly packaging, and increase in retail e-commerce in emerging economies.
On the contrary, demand for less paper & plastic packaging, rise in environmental consciousness, strict government regulations about corrugated packaging, and the impact of the COVID-19 outbreak may limit the global retail e-commerce packaging market growth during the forecast period.
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Upcoming Trends in the Retail E-Commerce Packaging Market
Increasing popularity of online shopping among several customers, rapid growth of electronic division, and the soaring demand for packaged food are predicted to foster the market growth in the approaching years. The ease of use of online shopping such as free shipping, simple return policies and quick delivery also drives the preference for e-commerce compared to traditional ways of shopping. The mounting demand for novel products, rising availability of a variety of products, and the overall expansion of the e-commerce market can lead to higher revenue generation in the retail e-commerce packaging industry.
Speaking of trends, the retail e-commerce vendors are coming up with different designs to attract more consumers. Expanding population, accelerated demand for high quality packaging, surge in food and beverages consumption, and the increasing consumer income can benefit the retail e-commerce packaging market.
The top trend of rising customer interest in convenient and seamless shopping solutions can also lead the market to greater heights in the near future. Other than this, the amplified sales in the e-commerce industry, given the surge in advertising and marketing and the resulting boost in consumer interest can help the retail e-commerce packaging market grow tremendously in the following years.
The retail e-commerce packaging market has been bifurcated based on application and material.
By material, the global retail e-commerce packaging market is segmented into tapes and labels, protective packaging, security envelopes, corrugated boxes, and others. Of these, the protective packaging segment will lead the market over the forecast period as consumers need assurance that their ordered goods are not damaged during delivery.
By application, the global retail e-commerce packaging market is segmented into healthcare and personal care, food and beverages, home furnishing, auto parts, electronics and consumer goods, apparel and accessories, and others. Of these, electronics and consumer goods will dominate the market over the forecast period.
Demands for retail e-commerce packaging are at a high rise because of factors like high online shopping preference and a rise in awareness. The North American, European, Asia Pacific, and The Rest of the world markets are observed to uncover the global market structure. In the present era, the Asia Pacific region is leading the market. It will register the fastest growth because of factors like high demands for smart devices, high living standards, vast population, high awareness & disposable incomes, well established industrial structures, and others with the India and China in the lead. The North American and European markets follow the market leader.
Key contenders profiled in the global retail e-commerce packaging market report include Rengo Co. Ltd, International Paper Company, Orora Packaging Australia Pty Ltd., Packaging Corporation of America, Nippon Paper Industries Co. Ltd., Smurfit Kappa Group, Klabin S.A., DS Smith Plc, Mondi Group, and Georgia-Pacific LLC. Industry players have incorporated several strategies to stay at the forefront and also cater to consumers’ burgeoning needs, such as mergers and acquisitions, new product launch and new product development, strategic alliances, partnerships and collaborations, joint ventures, contracts, and much more.
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Features like fast population growth and the rapid rise in demands for better products have helped the global market gain swift progression. At this stage, the Asia Pacific region is leading the market and will be registering the fastest growth. The consumer electronics and protective packaging segments will grow at the fastest rates. The quickly flourishing areas will show extraordinary possibilities, which has pulled in the market players from around the globe to settle their organizations in these locales.
Table of Content
1 Executive Summary
2.1 Definition 15
2.2 Scope Of The Study 15
2.3 Assumptions 15
2.4 Market Structure 16
3 Research Methodology
3.1 Research Process 17
3.2 Primary Research 18
3.3 Secondary Research 18
3.4 Market Size Estimation 18
3.5 Forecast Model 20
4 Market Dynamics
4.1 Drivers 22
4.1.1 Increase In Online Shopping Market 22
4.1.2 Growing Demand Of Packaged Food 22
4.1.3 Rapid Growth In Electronic Sector 23
4.2 Restraints 24
4.2.1 Government Regulation For Corrugated Packaging 24
4.2.2 Increase In Environment Safety 24
4.3 Opportunity 24
4.3.1 Growing Demand For Protective Packaging 24
4.3.2 Increase In Disposable Income Of Developing Countries 24
5 Market Factor Analysis
5.1 Porter’s 5 Forces Analysis 26
5.1.1 Threat Of New Entrants 26
5.1.2 Bargaining Power Of Suppliers 27
5.1.3 Bargaining Power Of Buyers 27
5.1.4 Threat Of Substitutes 27
5.1.5 Rivalry 27
5.2 Value Chain Analysis 28
6 Global Retail E-Commerce Packaging Market, By Material
6.1 Overview 30
6.1.1 Protective Packaging 32
6.1.2 Corrugated Boxes 32
6.1.3 Security Envelopes 32
6.1.4 Tapes & Labels 32
6.1.5 Others 32…….
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