by E-commerce packaging refers to the packaging of products ordered through online shopping platforms. It involves secure packaging of goods to prevent damage during shipping and transportation. The growing e-commerce industry has led to increased demand for e-commerce packaging solutions. E-commerce businesses widely use protective mailers, air pillows, bubble wraps, boxes, envelopes, and tape for safe delivery of products ranging from electronics and home decor to apparel and accessories. The global e-commerce packaging market is gaining traction with rising online shopping trends among consumers worldwide. Developing economies are witnessing significant growth in their e-commerce sectors, thereby positively impacting the market.
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 9.8% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The e-commerce packaging market is expected to be flourished by rising online shopping trends among consumers globally. Online shopping provides convenience to consumers in making purchases from the comfort of their homes, which has boosted the growth of the e-commerce industry tremendously. According to the United Nations Conference on Trade and Development, global B2C e-commerce sales grew by 24% in 2020 to reach $4.28 trillion, surpassing their pre-COVID-19 forecast for 2022. Rapid growth in online shopping volumes has increased the need for suitable packaging solutions to deliver products safely and securely. Innovations in e-commerce packaging, such as customizable mailers and boxes, easy-to-use designs, protective air pillows, and other solutions are further enhancing the delivery experience for consumers and driving sales for e-commerce businesses. This drives the demand for e-commerce packaging and supports market growth over the forecast period.
Segment Analysis
The e-commerce packaging market is dominated by rigid boxes sub-segment which holds around 40% market share. Rigid boxes provide protection and safety to fragile and delicate products during transportation and shipping. They ensure there is no damage to products during logistics. The sub-segment is growing faster as more e-retailers are opting for rigid boxes for packaging of goods like consumer electronics, home appliances, glassware and other similar items which require robust packaging solutions.
PEST Analysis
Political: Packaging regulations related to use of plastics and environmental safety are getting stricter. Policymakers are pushing for sustainable packaging solutions to reduce plastic waste.
Economic: Rise in e-commerce sales and rapid delivery expectations are fueling demand for secure, safe and durable packaging materials. Cost pressures on logistics and delivery are encouraging use of reusable/returnable packaging.
Social: Customers prefer packages that are easy to open and do not cause inconvenience. Environmental and sustainability factors also influence purchasing decisions of conscious customers.
Technological: Innovation in materials like recyclable paper, bioplastics are making packaging lighter and environment-friendly. Adoption of tracking technology, digital printing is improving supply chain visibility.
Key Takeaways
The Global E-Commerce Packaging Market Demand is expected to witness high growth.
Regional analysis:
The Asia Pacific region dominates the global e-commerce packaging market with over 35% share led by China and India. China accounts for more than 50% of the Asia Pacific market due to highest number of online buyers and strong growth of e-tailing. Sustainable policies by governments and customer demand for green packaging are driving increased use of bioplastics and recyclable materials in the region.
Key players operating in the e-commerce packaging market are Semperit AG Holding, Dia Rubber Co. Ltd., Asiatic Fiber Corporation, Woojin ACT Co. Ltd., Kimberly-Clark Corporation, Riverstone Holdings, Careplus Group Berhad, UG Healthcare Corporation, Nitritex Limited, Valutek, Jiujiang Haorui Industry & Trade Co. Ltd., Ansell Healthcare. Semperit and Dia Rubber are leaders in medical gloves segment supplying to e-retailers globally.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
