E-Commerce Packaging Market forecasted CAGR of 16.02%, reaching an estimated valuation of over $118.421 billion by 2028.

The e-commerce packaging market is anticipated to grow at a CAGR of 16.02% from US$41.856 billion in 2021 to US$118.421 billion by 2028.

NOIDA, UTTAR PARDESH, INDIA, November 21, 2023 /EINPresswire.com/ -- According to a new study published by Knowledge Sourcing Intelligence, the e-commerce packaging market is projected to grow at a CAGR of 16.02% between 2021 and 2028 to reach US$118.421 billion by 2028.

The key driving force behind the rapid growth of the global e-commerce packaging market is the growing consumer preference for shopping online along with increasing internet and smartphone penetration. For instance, according to the Indian Telecom Regulatory Authority of India (TRAI), The count of Internet subscribers rose to 865.90 million by December 2022 which reflected a 1.76% growth over the number recorded in September 2022, thereby emphasizing the expanding reach of the internet.

E-commerce packaging involves the usage of material for packaging products that are sold and shipped through online platforms. It involves the selection of packaging materials, the design of packaging solutions, and the overall strategy to ensure that products are safely and efficiently delivered to customers who purchase them online. Tube and stick packaging offers a compact and convenient solution for e-commerce packaging, while protective packaging ensures the safe delivery of products to customers.

The market is noticing various product launches and advancements. For instance, in November 2023, Aptar launched Embrace, addressing the rising demand for e-commerce-compatible packaging solutions that combine elegance, sustainability, and durability for shipping requirements. Embrace showcases an inventive design incorporating multiple protective features. The body envelops the lid, offering protection against lateral impacts, while the hinge guard mitigates potential damage from accidental drops. Also, in June 2023, Dow collaborated with Procter & Gamble China to launch an air capsule e-commerce packaging. Air capsule packaging aims to provide a highly efficient and effective method to safeguard products during e-commerce transit while avoiding unnecessary packaging materials and promoting recyclability. Its advantages include a substantial decrease of over 40% in material weight compared to conventional corrugated parcel boxes, resulting in a requirement for only 25% of the original trucking capacity and a reduction of 75% in warehouse space.

Access sample report or view details: https://www.knowledge-sourcing.com/report/global-e-commerce-packaging-market

The global e-commerce packaging market, based on packaging type, is segmented into four main categories namely corrugated boxes, courier bags, security envelopes, and protective packaging. Protective packaging refers to materials and methods used to safeguard products during storage, handling, and transportation

The global e-commerce packaging market, based on its industry vertical, is divided into five segments, which include consumer electronics, food and beverages, cosmetics and personal care, pharmaceuticals, and others. E-commerce packaging for cosmetics is often designed to reflect the brand's aesthetics, using color schemes, logos, and design elements that resonate with the brand image.

Asia Pacific is poised to experience substantial growth. The growing e-commerce penetration, particularly in countries like South Korea, India, and China along with a large customer base is driving the growth of the e-commerce packaging industry in the region. For instance, according to the Korean National Statistical Office, cosmetics online shopping transactions stood at $9.6 billion in 2021, underscoring the remarkable growth and potential of the e-commerce market in the region.

The research includes coverage of International Paper, DS Smith, Mondi, Amcor plc, Pregis LLC, Rand-Whitney Container LLC, Smurfit Kappa, VPK Packaging Group, WestRock Company as the significant market players in the global e-commerce packaging market.

The market analytics report segments the e-commerce packaging market using the following criteria:

• By Packaging Type

o Corrugated Boxes
o Courier Bags
o Security Envelops
o Protective Packaging

• By Industry Vertical

o Consumer Electronics
o Food and Beverages
o Cosmetics and Personal Care
o Pharmaceutical
o Others

• By Geography

o North America

• USA
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• Germany
• France
• United Kingdom
• Italy
• Others

o Middle East and Africa (MEA)

• Saudi Arabia
• UAE
• Israel
• Others

o Asia Pacific

• China
• Japan
• India
• South Korea
• Taiwan
• Thailand
• Indonesia
• Others

Companies Profiled:

• International Paper
• DS Smith, Mondi
• Amcor plc
• Pregis LLC
• Rand-Whitney Container LLC
• Smurfit Kappa
• VPK Packaging Group
• WestRock Company

Explore More Reports:

• Corrugated Bin Boxes Market: https://www.knowledge-sourcing.com/report/corrugated-bin-boxes-market
• Security Envelopes Market: https://www.knowledge-sourcing.com/report/security-envelopes-market
• Smart Packaging Market: https://www.knowledge-sourcing.com/report/smart-packaging-market

Ankit Mishra
Knowledge Sourcing Intelligence LLP
+1 850-250-1698
email us here
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