The Global E-Commerce Packaging market is projected to grow at a CAGR of 19.55% during the forecast period, reaching a total market size of US$68.404 billion in 2024 from US$23.431 billion in 2018.
Owing to the rising disposable income of people, a high level of convenience, and the ease to shop anytime anywhere coupled with other factors such as wider options, speed of access, and global reach the E-commerce market has completely modernized the buying experience of customers. The three main areas of concern in the e-commerce industry are delivery, packaging performance, and waste impact. The rise in online shopping has fueled prospects for related packaging needs. However, the biggest challenge facing the E-commerce packaging industry is packaging sustainability as waste from product distribution and sales has shifted from retail stores to households. Geographically, the Asia Pacific region dominates the e-commerce packaging market. The majority of the region’s growth comes from increased demand for corrugated boxes in countries like India, China, and Japan. The key factors contributing to the growth of the e-commerce market in the APAC region include the rising middle-class families, increased mobile and internet penetration, new upcoming e-commerce players, and improved logistic platforms. In the coming years, the e-commerce packaging market is expected to grow tremendously in the rest of the world.
The “Global E-Commerce Packaging Market– Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key markets, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by packaging type, industry vertical, and geography.
The Global E-Commerce Packaging market is segmented based on packaging type, industry vertical, and geography. By packaging type, the market is segmented as corrugated boxes, courier bags, security envelopes, and protective packaging. By industry vertical, the market is segmented as consumer electronics, food and beverage, cosmetics and personal care products, pharmaceuticals, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the Global E-Commerce Packaging market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Global E-Commerce Packaging market.
|Market size value in 2018||US$23.431 billion|
|Market size value in 2024||US$68.404 billion|
|Growth Rate||CAGR of 19.55% from 2018 to 2024|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Packaging Type, Industry Vertical, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||International Paper, DS Smith, Mondi, Amcor plc, Pregis LLC, Rand-Whitney Container LLC, Smurfit Kappa, VPK Packaging Group, WestRock Company|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the e-commerce packaging market size by 2024?
A1. The Global E-Commerce Packaging market is projected to reach a market size of US$68.404 billion in 2024.
Q2. What is the size of the global e-commerce packaging market?
A2. The E-Commerce Packaging market was valued at US$23.431 billion in 2018.
Q3. What are the growth prospects for the e-commerce packaging market?
A3. The Global E-Commerce Packaging market is projected to grow at a CAGR of 19.55% during the forecast period.
Q4. Which region holds the maximum market share of the e-commerce packaging market?
A4. Asia Pacific region dominates the e-commerce packaging market.
Q5. How is the e-commerce packaging market segmented?
A5. The Global E-Commerce Packaging market is segmented based on packaging type, industry vertical, and geography.
Rand-Whitney Container LLC
VPK Packaging Group
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