Constantly Growing and Expanding Retail and E-Commerce Sector Drives the Demand for Retail E-Commerce Packaging Market

Market Insight

E-commerce packaging mainly refers to the packaging provided for goods sold online. E-commerce has been growing rapidly over the past few years, and the rapid growth of the e-commerce market is expected to have a significant impact on the demand for e-commerce packaging. Market Research Future  has compiled a new report on the global  retail e-commerce packaging market , which is expected to grow at a significant rate during the forecast period 2021 to 2027. The global retail e-commerce packaging market will grow at a CAGR. It is expected to reach a market capitalization of $63.47 billion during the forecast period of 12.48%.

Continued growth in online shopping is a major driver for the growth of the global retail e-commerce market. Starting an online store is easy, and there are countless retail e-commerce sites on the internet. Likewise, consumers have a plethora of choices, with most products readily available in the comfort of their own home or on the go. Retail e-commerce is adopted over traditional shopping methods for its fast delivery, easy return policy, and free shipping. Amazon, for example, has become a huge marketplace due to the sheer number of products it offers and various other options like Prime Delivery, Prime Now, and more. Growing demand for packaged food and emergence of online stores ranging from specialty packaged foods to non-perishable groceries that can be purchased online and delivered to your home is driving the retail e-commerce packaging market. Additionally, some products are often cheaper to buy online than in stores, making e-commerce the preferred shopping method and increasing the use of retail e-commerce packaging.

Stringent government regulations on corrugated packaging and declining demand for paper and plastic packaging amid growing environmental awareness globally are expected to restrain the market growth. However, the market is brimming with opportunities owing to the rise of retail e-commerce in emerging economies and increasing demand for eco-friendly and protective packaging.

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Market Segmentation

The segmentation study of the Global Retail E-Commerce Packaging Market has been segmented on the basis of material, application, and region. Materials are divided into cardboard boxes, security bags, protective packaging, tapes and labels etc. Consumers often want to be sure that the items they ordered have not been damaged in transit. Hence, the protective packaging segment is expected to grow at the highest CAGR, accounting for 34.80% of the market share.

Applications have been segmented to include Apparel & Accessories, Electronics & Consumer Goods, Auto Parts, Household Goods, Food & Beverage, Healthcare & Personal Care, and others. Electronics and consumer goods are among the most packaged retail e-commerce items. Additionally, online offers for smartphones and other electronics often exceed those in traditional stores.

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Regional Analysis

The Asia-Pacific region has established itself as the world's largest e-commerce hub. The region's middle class is growing rapidly in China, Indonesia and India. The growing popularity of mobile phones, gadgets, and many consumer electronics drives e-commerce sales and thereby expands the demand for retail e-commerce packaging. Asia Pacific is the really important region in the global retail e-commerce packaging market as China alone accounts for 40% of global e-commerce sales.

Key Players

Georgia-Pacific LLC, Mondi Group, DS Smith Plc, Klabin SA, Smurfit Kappa Group, Nippon Paper Industries Co.  Ltd., Packaging Corporation of America, Orora Packaging Australia Pty Ltd., International Paper Company and Rengo Co.  Ltd.  Key Markets Leaders are involved in the MRFR competition for the Global Retail E-Commerce Packaging Market.

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Market Research Future (MRFR) is a global market research company that prides itself on providing complete and accurate analysis of various markets and consumers around the world. MRFR's approach combines proprietary information with a variety of data sources to provide clients with a broader understanding of the latest key developments, anticipated events and actions taken in response to them.

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