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The e-commerce packaging market is estimated to grow at a CAGR of 20.68% between 2022 and 2027. The size of the market is forecast to increase by USD 53,098.79 million. The growth of the market depends on several factors, including growth of the e-commerce sector, increase in demand for secondary packaging and protective packaging and increasing demand for subscription boxes.
This report extensively covers market segmentation by type (corrugated packaging, protective packaging, and polybags), application (food and beverage, consumer electronics, personal care and cosmetics, and fashion and apparel), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing adoption of e-commerce is notably driving the market growth, although factors such as stringent regulations on packaging products may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing adoption of e-commerce is notably driving market growth. E-commerce gives organizations easy access to their customers and also provides the necessary in-store presence. An increase in the number of small businesses is also projected to escalate demand over the forecast period. The growing importance of faster surfing has driven the development of connectivity and along with it, 4G and 5G technologies. The market is also flooded with thousands of products from major e-commerce players such as Amazon.com Inc., Alibaba and Walmart. Selling online is currently the fastest and easiest way to buy because these online retailers ensure users receive their products on time. The growth of the e-commerce sector is being driven by increasing investment in improving payment and payment systems. An increase in the number of small businesses is also projected to escalate demand for e-commerce packaging over the forecast period.
Rising concern for recyclable and sustainable packaging is a key trend influencing the market growth. The rising concern for the environment is boosting the demand for recyclable and sustainable packaging material. Eco-friendly packaging includes recyclable materials such as PET or HDPE plastic, cardboard, and paper packaging. After being properly sorted for recycling, these materials are shredded, shredded, or melted and reformed to be reassembled into raw materials for new packaging and other uses. Cardboard is also recognized as one of the most sustainable raw materials for e-commerce packaging solutions. The box is made from cellulose or recycled waste paper and is biodegradable without harmful substances. Corrugated cardboard is mainly used for the production of folding boxes and corrugated boxes. Therefore, increasing use of eco-friendly materials for manufacturing packaging solutions is likely to stimulate the demand for sustainable packaging solutions in the global e-commerce packaging market during the forecast period.
Stringent regulations on packaging products may impede market growth. The stringent regulations associated with the packaging materials are expected to hamper the growth of the e-commerce packaging market. There are various stringent regulations that manufacturers must follow for e-commerce packaging solutions. E-commerce packaging manufacturers must follow different regulations while manufacturing packaging solutions in different countries. Food Safety and Standards Authority of India (FSSAI) issues Food Safety Standards (Packaging) Regulations 2018. Under this regulation, materials that come in direct contact with food must be food-grade. Packaging materials must be designed to withstand the mechanical, chemical, or thermal stresses encountered during normal transportation. Food must be packaged in clean, sanitary, and tamper-resistant packaging or containers. Forest Stewardship Council (FSC) certification supports eco-friendly packaging. Therefore, paperboard manufacturers must use paper-based materials made exclusively from FSC-certified forest products. The e-commerce packaging manufacturers must satisfy the mandatory regulations and safety standards established by various government bodies.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global E-commerce Packaging Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
RAJA Group: The company offers Ecommerce packaging solutions such as postal boxes, retention boxes, paper void kits, and returnable postal boxes. Also, the company offers Packaging supplies and equipment, Office supplies, Janitorial and sanitary products and PPE, and Industrial equipment.
Sealed Air Corp.: The company offers Ecommerce packaging solutions such as bag and pouch food system, automated mailers, inflatable pillows, paper wrapping solutions, inflatable pouches, and sidepouch bags.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the corrugated packaging segment will be significant during the forecast period. The corrugated packaging are highly durable, lightweight, crush-resistant, and can withstand external pressure.
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The corrugated packaging segment was valued at USD 11,039.99 million in 2017 and continued to grow until 2021. In the e-commerce sector, corrugated packaging is used for packaging products, such as processed food, beverages, paper products, electrical and electronic goods, personal care products, textiles, vehicle parts, and others. Corrugated packages are available in different shapes and sizes which makes them a perfect choice for vendors. Corrugated packages offer enough space to provide detailed information about the products along with extra graphics. Branding on packaging boxes is the sole point of interaction with consumers. All these factors positively impact the demand for corrugated packages.
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APAC is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Due to growing urbanization and increased disposable income of consumers in developing countries, the e-commerce industry is witnessing high growth. High penetration of the internet and smartphones is the major factor for the increased e-commerce industry in the region which in turn is positively impacting the growth of the e-commerce packaging market.
In 2020, the outbreak of COVID-19 adversely impacted the economy and various businesses across the region. However, the pandemic positively impacted the e-commerce industry, shift in consumer buying behavior globally was observed. The inclination of consumers toward purchasing products from online platforms has propelled the growth of the e-commerce market in the region. This significant rise in e-commerce sales has spurred the demand for e-commerce distribution and packaging solutions. In 2021, owing to large-scale vaccination drives, the supply chain and trade activities were restarted, which increased the demand for e-commerce packaging solutions.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The reports categorize the global e-commerce packaging market as a part of the paper packaging. Paper packaging is an effective and low-cost method used to protect, preserve, and transport a wide range of goods. Key attributes of paper packaging include lightweight, biodegradability, and recyclability. Paper packaging products comprise categories such as packaging boards, kraft paper, and other packaging papers. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
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E-commerce Packaging Market Scope |
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Report Coverage |
Details |
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Page number |
179 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 20.68% |
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Market growth 2023-2027 |
USD 53,098.79 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
18.48 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 45% |
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Key countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Amcor Plc, BillerudKorsnas AB, Cascades Inc., DS Smith Plc, International Paper Co., Klabin SA, Koch Industries Inc., LivingPackets SA, Mondi plc, Orora Ltd., Pregis LLC, RAJA Group, Rengo Co. Ltd., Sealed Air Corp., Smurfit Kappa Group, Southgate Packaging Ltd., Stora Enso Oyj, Tenneco Inc., Tetra Laval S.A., and WestRock Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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