The global E-commerce Packaging market is projected to grow from USD 77.4 Billion in 2024 to USD 124.9 Billion by 2029, at a CAGR of 10.0% during the forecast period. The growing urbanization, rising disposable income, technological advancements, and others led to increases in e-commerce sales, which consequently helped to drive the demand for e-commerce packaging during the forecast period. This report provides a comprehensive analysis of Sensor Market, including E-commerce Packaging Market size, trends, drivers and constraints, competitive aspects, and prospects for future growth.
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By Product Type, Mailers accounted for the second-largest market share in 2023.
Mailers hold the second-highest market share among different product types in the E-Commerce packaging market. Mailers are lightweight and cost-effective packaging options for smaller items. They are often made of paperboard or bubble-lined materials for added protection. In addition to this, they are able to provide a budget-friendly packaging solution that allows them to accommodate numerous things, such as apparel, books, small electronics items, etc.
By Material, Paper and Paperboards accounted for the second-largest share in 2023.
Paper and paperboards holds the second-largest share in the market of e-commerce packaging in 2023. Paper & paperboard are commonly used materials in e-commerce packaging due to their versatility, sustainability, and cost-effectiveness. Paper is used for kraft paper sheets and rolls, which provide excellent void fill and cushioning to protect items during shipping. It is also used for eco-friendly and recyclable shipping envelopes, paper bags, and mailers, offering lightweight and secure packaging options.
By Application, the Electronics segment led the market in 2023.
In 2023, the electronics segment held the largest share of the market of e-commerce packaging. The high value of electronic products makes them most profitable to sell, but their excessive fragility demands that packaging be something special, not just the basic boxes and padded envelopes used for most e-commerce. Innovative packaging solutions help to hold electronic products firmly in place while also preventing bumps, knocks, and drops during shipment. However, the growing demand for electronics products using the e-commerce channel helps to raise the demand for packaging solutions in the forecast period.
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Asia Pacific accounted for the larger market share of the E-Commerce packaging Market in 2023.
The Asia-Pacific region mainly leads the e-commerce packaging market because of the area’s rapid e-commerce growth, substantial consumer base, and significant manufacturing capabilities. The swift online retail expansion in countries like China and India, which is driven by rising internet penetration and an expanding middle class, leads to soaring demand for e-commerce packaging. Also, the Asia-Pacific region is a major global production powerhouse serving cost-effective and scalable packaging solutions for both local and international markets. Moreover, the region’s advanced logistics infrastructure and innovative packaging solutions provide an added boost to the market presence of the Asia-Pacific region.
E-Commerce Packaging Companies
E-commerce packaging refers to the method by which the product can be protected during shipment by creating the brand identity and managing shipping costs. In addition to this, stylish and outstanding packaging structures can also help to improve the customer experience and enhance profitability. Nowadays, many stores are shifting to online platforms to reduce operational costs and increase the customer base.
In the last couple of years, key players have adopted multiple growth strategies, which include acquisitions, mergers, expansions, product launches, and others, and focused on expanding the business to drive growth. Several key players are present in the e-commerce packaging market, which gives tough competition to its competitors. These players are International Paper (US), Amcor. (Switzerland), Mondi Group (UK), Smurfit Kappa (Ireland), Rengo Co., Ltd (Japan), Berry Global Inc (US), Sonoco Products Company (US), CCL Industries (Canada), H.B. Fuller (US), Sealed Air Corporation (US), Georgia-Pacific LLC (US), Stora Enso Oyj (Finland), and others.
International Paper (US) is a trusted company with a rich manufacturing history spanning 125 years. It is one of the world leaders in manufacturing packaging products. The business segments of the company are Industrial Packaging and Global Cellulose Fibers. The company specializes in providing innovative fiber-based solutions to businesses, environment-friendly packaging, and fiber-based products. The company’s product portfolio includes corrugated packaging, bulk packaging, solid fiber, molded fiber, retail packaging & display, paper bags, containerboard, saturating kraft, gypsum board paper, recycling solutions, and pulp.
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Amcor (Switzerland), is a global leader in packaging solutions, providing a wide range of innovative packaging products and services to customers worldwide. The company operates through two business groups, namely, Flexibles and Rigid Packaging. The Flexibles business has a global presence and is one of the world’s largest developers and suppliers of packaging and specialty folding cartons. The business develops and produces packaging for food, beverages, pharmaceuticals, medical, home & personal care, and other products. The company has a presence in 41 countries at 218 sites.
Mondi Group (UK), is a global packaging and paper company that specializes in providing innovative packaging and paper solutions for a wide range of industries. It is a leading producer of paper and plastic solutions. The company operates through the Corrugated Packaging, Flexible Packaging, and Uncoated Fine Paper segments. It serves various end-use industries such as FMCG and consumer products, e-commerce, retail, automotive, heavy-duty, food service, construction, and agriculture. It has 100 production sites across more than 30 countries worldwide, with key operations in Europe, North America, and Africa.
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