Retail e-commerce packaging market to exceed $ 74,873 million in revenue by 2030, according to P&S Intelligence

NEW YORK, September 27, 2021 / PRNewswire / – The Value of the Global Market retail e-commerce packaging market should go from $ 23,987.7 million in 2020 at $ 74,873.0 million by 2030, at a CAGR of 12.1% between 2020 and 2030.

During the COVID-19 pandemic, the e-commerce retail packaging market was boosted as the closures resulted in the closure of many physical stores. Additionally, stores that remained open saw significantly lower footfall as fear of infection led many people to turn to online shopping. During these periods, sales of pharmaceuticals and other health products and food and beverage products particularly increased through online shopping portals.

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In the coming years, the e-commerce retail packaging market will continue to be dominated by the box category, depending on the type of material. The boxes provide strong and durable packaging for the products, which is why the demand for the raw is high among online shopping portals, especially for long distance transport. Plus, boxes protect products from damage and help businesses avoid spending 2-3 times more to reship them.

The consumer electronics category has generated the highest revenue in the e-commerce retail packaging market in the past, on an end-user basis. Such products are of great value, which is why they must be protected from damage until they reach the end customer. Therefore, with the boom in the sale of these products through online channels, the demand for sturdy packaging materials is also increasing.

Browse the detailed report on Retail Ecommerce Packaging Market Size and Growth Forecast to 2030

The main factors driving the demand for these materials include:

  • Growing Internet Penetration: Up from 0.049% in 1990, 56.727% of the world’s population had access to the Internet in 2019, according to the World Bank. This has fueled the growth of the e-commerce industry as people can shop from home, pay electronically, browse a wide range of products, and have the goods delivered. Therefore, with the increasing number of online orders, the demand for packaging materials among e-commerce companies is increasing.
  • Booming smartphone sales: Another major driver of the retail e-commerce packaging market is the surge in smartphone sales, as a large number of people use these devices to access the internet and shop online. With the increase in people’s disposable income and the fall in the prices of smartphones, the sale of these consumer electronics devices is skyrocketing, giving new impetus to the e-commerce sector.

Asia Pacific (APAC) has so far held the largest share of the e-commerce retail packaging market due to its huge population, which is rapidly turning to online shopping. In the region, the fastest growing industry is expected in India, which according to the India Brand Equity Foundation (IBEF) will overtake the United States to become the second largest e-commerce market by 2034.

The major players in the global retail e-commerce packaging market are DS Smith Plc, Smurfit Kappa Group Plc, International Paper Company, Mondi Plc, Westrock Company, Packaging Corporation of America, Klabin SA, Orora Limited, Sealed Air Corporation, Rengo Co Ltd., Stora Enso Oyj, Sonoco Products Company, and Georgia-Pacific LLC.

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Corrugated Boxes MarketGeographically, the corrugated box market will show the fastest and highest growth in the Asia Pacific region in the years to come. This will be due to the growing public awareness of environmental protection, the growing demand for sustainable packaging, the boom in e-commerce business and the growing demand for personal care and electronic products. In the region.

Corrugated Cardboard Packaging MarketAll over the world, the Asia Pacific The region is expected to see the highest adoption of corrugated packaging solutions during the forecast period. This is mainly due to the increasing demand for packaging materials in the processed food industry, especially in the various APAC countries such as India and China. In addition, the rise of industrial production in China is expected to further stimulate the demand for corrugated packaging solutions in the region in the coming years.

On P&S Intelligence

P&S Intelligence is a provider of market research and consulting services addressing the market information needs of growing industries around the world. Providing the bedrock of market intelligence, P&S as an enterprising research and consulting company, believes in providing in-depth landscape analyzes on the ever-changing market scenario, to enable companies to make informed decisions. and to base their business strategies with astuteness.

Prajneesh Kumar
P&S Intelligence
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