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Retail E-Commerce Packaging Market Overview, Current Challenges, and Growth Forecasts Through 2030

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Retail E-Commerce Packaging Market Overview, Current Challenges, and Growth Forecasts Through 2030

November 22
21:34 2021
Retail E-Commerce Packaging Market Overview, Current Challenges, and Growth Forecasts Through 2030
Asia-Pacific held the largest revenue share in the global retail e-commerce packaging market in 2020, on accounts of its vast population, burgeoning e-commerce industry, and people’s propensity toward the adoption of the latest technologies.

Valued at $23,987.7 million in 2020, the global retail e-commerce packaging market is expected to generate a revenue of $74,873.0 million by 2030. Furthermore, the market will demonstrate a CAGR of 12.1% from 2020 to 2030 (forecast period), as per the estimates of the market research company, P&S Intelligence. The market is being driven by the expansion of the e-commerce industry, on account of the increasing penetration of the internet and the changing buying patterns of people across the world.

Additionally, the mushrooming population all over the world is also positively impacting the e-commerce industry, as people are increasingly buying various products from digital platforms. As per the United Nations Department of Economic and Social Affairs (UNDESA), the global population will surge from 7.7 billion in 2020 to 8.6 billion, 9.8 billion, and 11.2 billion by 2030, 2050, and 2100, respectively, with the addition of nearly 83 million people every year. The rising public preference for shopping from online channels over conventional retail stores is fueling the surge in the retail e-commerce business, thereby propelling the market to new heights.

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Depending on material type, the retail e-commerce packaging market is divided into envelops and boxes. Between these, the boxes category held the larger share in the market in 2020. Boxes are extensively used in product fulfillment centers, owing to their ability to protect the products from damage. When end user is taken into consideration, the retail e-commerce packaging market is classified into fashion and apparel, food and beverages, consumer electronics, cosmetics and personal care, and furniture and home furnishing. Out of these, the consumer electronics category dominated the market in the past.

The demand for consumer electronics was primarily fueled by the increasing use of smartphones, which are currently available at much cheaper prices than they were a decade ago. In addition, the easy availability of several modern and classic models at affordable prices on various online platforms is expected to propel the progress of this category in the coming years. Geographically, Asia-Pacific (APAC) contributed the highest revenue to the retail e-commerce packaging market in the past. This was because of the presence of a large number of internet users and the high disposable income of people in the region.

Browse detailed report on Retail E-Commerce Packaging Market Size and Growth Forecast to 2030

China is witnessing a sharp surge in e-commerce sales, because of the rising public preference for online shopping, owing to the availability of a diverse range of products at affordable prices on digital platforms. The players operating in the retail e-commerce packaging market are focusing on collaborations and partnerships in order to strengthen their position in the industry. For example, Smurfit Kappa Group Plc entered into a partnership with World Wildlife Fund Colombia in August 2020 to improve forestry conservation efforts and expand, protect, and restore ecosystems and forests.

Hence, it can be safely said that the market will register rapid expansion in the coming years, mainly because of the surging popularity of online shopping, owing to the increasing internet penetration and changing buying patterns of people all over the world.

Market Size Breakdown by Segments

By Material Type

  • Boxes
  • Envelopes

By End User

  • Consumer Electronics
  • Fashion and Apparel
  • Cosmetics and Personal Care
  • Food and beverages
  • Furniture and Home Furnishing

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    •  Gulf Cooperation Council
    • South Africa

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Corrugated Packaging Market – According to P&S Intelligence, Asia-Pacific corrugated packaging market generated the highest revenue in 2017. This was due to the increasing influence of western culture and surging consumption of retail ready-to-eat food products in the region. Besides, the rising use of durable and non-durable packaged goods, owing to the rapid urbanization and busy lifestyle of consumers, also contributes to the market growth in the region. 

Corrugated Boxes Market – Globally, the Asia-Pacific corrugated boxes market is expected to generate the highest revenue and demonstrate the fastest growth throughout the forecast period. 

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