E-commerce packaging has gained significant attention in recent years. Reusable plastic boxes are now accepted by e-commerce firms like JD.com and Suning.com, which is profitable and produces less trash. Due to the huge amount of packaging waste produced, JD.com also said that it plans to utilize 80% sustainable materials for all of its packaging by 2020.
The e-commerce market is growing as a result of expanding retail e-commerce platforms, technological developments like 5G, and increased regional internet access. Consequently, there is an increased need for packaging that is both practical and effective. By bringing technologies like Augmented and Virtual Reality (AR/VR), 5G is anticipated to improve the online purchasing experience for consumers. By offering product presentation in an improved virtual environment, these technologies will increase the consumer experience for product views.
E-commerce packaging market Definition
E-commerce packaging is a method used to move, store, and protect the contents of the package until it is delivered to the client by the package’s supplier. Depending on the requirements of the item’s contents, the goods differ in terms of size, form, quality, and stiffness. Cross-border shopping’s rising popularity has fueled a rise in demand for efficient and high-quality packaging. The market for expensive and profitable packaging has seen a huge increase due to the rising popularity of cross-border shopping.
Growth rate of E-commerce packaging market
- According to data from Data Bridge Market Research, the e-commerce packaging market was estimated to be worth USD 47.61 billion in 2021 and is projected to grow to USD 114.55 billion by 2029, showing a CAGR of 11.60% from 2022 to 2029.
- The Data Bridge Market Research team’s thorough expert research, import/export analysis, pricing analysis, production consumption analysis, patent analysis, and technical advances are all included in the market study.
- The competitive landscape of the e-commerce packaging market gives information by competitor. The company’s financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance are among the details that are included.
Key Industry Insights & Findings from the report:
- The market is divided into food and beverage, consumer electronics, personal care & cosmetics, fashion & clothing, and others according to the application. The personal care and cosmetics industry accounted for 22.0% of the market for e-commerce packaging in 2020. The simple accessibility of high-end cosmetics online at steep reductions is responsible for this increase.
- Corrugated boxes are anticipated to have the quickest CAGR between 2022 and 2029 as a result of expanding commercial activity, a rise in consumer reliance on online shopping, and rising demand for environmentally friendly packaging.
- Additionally, boxes are inexpensive and guarantee product security throughout handling and transit.
- Due to their widespread use, ease of accessibility, low weight and cost, and capability of providing great protection against environmental variables (air and water), plastics accounted for the biggest revenue share in 2021.
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Fundamentals of e-commerce packaging market
- The use of its packaging materials and other alternatives has increased as e-commerce and the electronic goods industry have grown in popularity. Online shopping provides advantages over traditional big-box stores, including free shipping, quick deliveries, and simple, uncomplicated returns. These advantages have fueled consumer demand for online shopping, which is predicted to drive worldwide expansion.
- The worldwide e-commerce packaging market is anticipated to rise over the projected period due to factors such as rising inclination for online shopping and rising demand for packaged food. This market is anticipated to increase in the near future due to rising consumer demand for sustainable packaging solutions across the value chain, manufacturers, and environmental concerns.
- The majority of people in developing nations now have greater access to the internet, which has provided enormous potential market possibilities for e-commerce and packaging suppliers to enter unexplored regions and increase their market share.
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