Constantly Growing and expanding Retail and E-commerce sector drives the demand for Retail e-commerce packaging

The retail e-commerce packaging market is estimated at US$ 16.8 Bn in 2022 and is projected to reach US$ 21.4 Bn by 2024, at a CAGR of 5.0% from 2022 to 2027.

By the end of 2027, it is anticipated that the global retail e-commerce packaging market will increase by 1.3 times its current market value. Retail e-commerce packaging demand is expected to increase, with the top 3 nations expected to account for 35-40% of the industry by 2022.

In 2021, the retail e-commerce packaging market grew rapidly, with global revenues increasing by 4.9% compared to the previous year.

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Key Companies Profiled

DS Smith plc
Intertape Polymer Group Inc.
Georgic-Pacific LLC
International Paper Company
Mondi plc.
Sealed Air Corporation
3M Company
WestRock Company
Pregis Corporation
Historic and Forecast Market Outlook for Retail E-Commerce Packaging

The global retail e-commerce packaging market is estimated to expand 1.3 times the current market value during the foreseeable period with consistent growth in the retail & e-commerce sector.

To ensure safe packaging and transport of various products, different type of packaging is used in the retail and e-commerce sector. The retail e-commerce packaging includes protective packaging, boxes, mailers, labels, tape, and others.

These packaging solutions are used mainly as secondary packaging which helps in protecting the content from rigorous handling and damage during transportation and storage.

Global Market for Retail E-Commerce Packaging: Factors Influencing Growth

Several factors are pushing the growth of the global retail e-commerce packaging market. To name a few, aspects such as increasing cross-border shopping and parcel delivery driving the demand for retail e-commerce packaging products, increasing penetration of e-commerce in tier 2 and rural areas, increasing adoption of e-commerce by retail chains, medium business to consumer business as well as in small scale

B2C businesses, rising consumer preferences towards inexpensive and reusable components that are easy to load and reload and development of innovative packaging solutions driving the sales owing to increased customer satisfaction thus pushing the growth of e-commerce packaging are contributing to the growth of the global retail e-commerce packaging market.

Competitive Landscape

The key players operating in the retail e-commerce packaging are focusing on expanding their product portfolio for retail & e-commerce packaging along with some innovation in the product that meets the current requirement of sustainable and recyclable packaging.

In August 2021, DS Smith plc announced the launch of 100% recyclable e-commerce packaging which will help the company to offer a glamorous appearance in online retail along with no plastic filling and 100 % corrugated cardboard.
In June 2021, Mondi plc. Announced the expansion of its plastic-free e-commerce packaging range. The company extended its MailerBAG range of sustainable paper solutions.
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Retail E-Commerce Packaging Market by Category

By Product Type:

Protective Packaging
Boxes
Mailers
Labels
Tape
Others (Shrink & Stretch Films, Bags & Pouches, etc.)
By Merchandise Type:

Consumer Electronics
Fashion (Clothing, Footware, etc.)
Home Furnishings
Health, Personal Care & Beauty
Recreation Goods
Multimedia & Software
Food & Beverages
Homecare
Others (Books, Automotive Products, Gifts)
By Market Type:

Third Party Fulfillment & Logistics Companies
Brick & Mortar Retailers
Specialty Retailers
Others

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This release was published on openPR.