E-Commerce Plastic Packaging Market was worth USD 98,550 million in 2022 and is poised to reach a valuation of USD 158,210 million by 2033, registering a CAGR of 6.9% over 2023-2033.
E-commerce packaging is referred to the use of efficient and durable packaging techniques to ensure the safe storage and transportation of goods. The adoption of high end packaging materials not only protects the components from damage but also helps the retailer to create a brand image. A wide array of materials are used to pack e-commerce goods namely, corrugated board, paper, plastic, foil sealed bags, and chipboard packaging, among others.
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The shifting inclination of consumers towards online shopping owing to its wide range of benefits including doorstep delivery along with rewards and discounts is one of the major factors augmenting the industry outlook. Further, rapid internet penetration and widespread adoption of smart devices across the globe are primarily swaying the market dynamics. Also, rising per capita income of the masses, lifestyle improvements, and growing R&D investments in the field are adding traction to the industry expansion. Besides, the increasing adoption of eco-friendly packaging products by e-commerce companies is aiding market growth.
Moreover, the surging focus of the related companies to reduce their overall operational cost is creating lucrative opportunities for the marketplace to prosper. On the contrary, lack of awareness regarding e- commerce platforms in rural areas along with dearth of adequate infrastructure across various economies are hindering the remuneration scope of this industry vertical.
There has been a shifting inclination of the masses towards online shopping channels. This is powered by various factors such as hectic schedule of individuals, increase in disposable income, and widespread inter
penetration. Moreover, the wide array of benefits offered by e-commerce platforms including doorstep delivery, discounted prices, along with refund/exchange options are bolstering the market growth.
With rapid industrialization and urbanization, the world is witnessing a massive surge in its pollution levels. This has pushed various e-commerce companies to adopt eco-friendly packaging materials for the delivery and storage of their goods. This in turn is stimulating the overall market progression.
Market Segmentation:
By Material
- Paper
- Corrugated boards
- Plastic
- Others
By Application
- Food & Beverage
- Consumer Electronics
- Personal Care & Cosmetics
- Fashion & Apparel
- Others
Key Player:
- The prominent companies characterizing the competitive gamut of this marketplace are Smurfit Kappa (Ireland),
- NIPPON PAPER INDUSTRIES LTD (Japan),
- Crawford Packaging (Canada),
- Georgia-Pacific (US),
- DS Smith (UK),
- Mondi (UK), P
- packaging Corporation of America (US),
- Salazar Packaging, (US),
- Lil Packaging USA (England),
- Amcor Plc (Switzerland),
- Sealed Air (US),
- RENGO PACKAGING INC (Japan),
- Orora Packaging Australia Pty Ltd (Australia),
- RAJAPACK Ltd (UK),
- Pemcor packaging (US),
- Spartan Paperboard (US),
- Roberts PolyPro, (US),
- Com (US),
- International paper (US), and
- klabin A (Brazil).
Regional Analysis:
The primary regions defining the geographical ambit of this business sphere are North America, Middle East & Africa, Latin America, Europe, and Asia Pacific. Among these, Asia Pacific is projected to garner substantial returns over the forecast period. This is attributable to the rising e-commerce sales, increasing disposable income of the masses, presence of potential players, and rapid internet penetration. Meanwhile, North
America is expected to expand with a significant CAGR over the stipulated timeframe ascribing to the shifting consumer inclination towards e-commerce platforms and growing R&D investments in the field.
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The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
- Business Model
- Production Capacity, Revenue, Sales, Gross Margin
- Key Business Strategy
- SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
- Company Share Analysis from 2018-2022
- Company Analysis by Revenue and Sales
- Company Production Capacity, Gross Margin
- Company Share Analysis by Application/End Use
- Company Share Analysis by Product/Specification
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