E-Commerce Plastic Packaging Market was worth USD 98.55 billion in 2020 and is poised to reach a valuation of USD 158.21 billion by 2030, registering a CAGR of 6.9% over 2022-2030.
Due to the lightweight nature and durability of plastic material, which makes products delivered through e-commerce easier to handle, plastic packaging has grown in popularity among consumers. Due to the lower production costs, even big manufacturers favour plastic packaging. A vast range of creative, economical, and environmentally friendly packaging options are already available, and plastic has gained widespread acceptance as a product.
Market Overview:
A lot of factors have contributed to the global steady growth of e-commerce sales. The percentage of the population living in cities is growing, and other important reasons include the utilisation of digital payments, mobile internet penetration, population digital skills, and improved delivery infrastructure.
Growth in the business is primarily being driven by the growing scale of key application industries, such as food and beverage, pharmaceuticals, personal and household care, and growing penetration of organised as well as e-retail globally. Because it provides flexible and stiff, transparent, and lightweight packaging options, plastic is preferred over alternatives like metal or glass in major industries like personal care, food and beverage, and industrial.
Until the package is delivered to the consumer from the package's supplier, the components of the packet are moved, stored, and protected using the e-commerce packaging approach. Depending on the item's contents and demand, the products contained in such packaging vary in size, shape, quality, and rigidity. Cross-border shopping's rising popularity has increased demand for both effective and high-quality packaging. The demand for high-quality, economical packaging has significantly increased as cross-border shopping becomes more and more common.
Consumer spending has been steadily moving away from traditional brick-and-mortar retailers and toward online shopping over the past few years. However, due to widespread buying habits, the expected moderate and steady rise in e-commerce has instead become a considerable rise. Omnichannel fulfilment progressed in a parallel manner. Regardless of where the goods is sent from, retailers are required to provide their customers with a superior shopping experience. Making the best packaging decisions will help to improve quality, efficiency, and delivery costs.
Brands facing difficulties in the omnichannel era may find packaging design to be a valuable asset. For instance, e-commerce-ready PET containers can be used in place of flexible pouches and glass to avoid breakage.
Paper, plastic, corrugated board, and other materials are divided into categories in the global e-commerce packaging market. A ubiquitous appearance in the packaging industry are corrugated boxes. Corrugated boxes have been a common type of packaging for many years.
Segmental analysis of the market:
Based on product type
- Pouches and Bags
- Protective Packaging
- Shrink Films
- Other Product Types (labels, tapes)
Based on End User
- Consumer Electronics and Media
- Food and Beverage
- Personal Care Products
- Fashion and Apparel
- Home Care and Furnishing
- Other End-user Industries
Competitive Landscape:
Some of the prominent companies operating in the market are Amcor PLC, Pregis LLC, Sealed Air Corporation, Sonoco Products Company, Storopack Hans Reichenecker GmbH, Berry Global Inc., Huhtamäki Oyj, CCL Industries Inc., Clondalkin Flexible Packaging, and ProAmpac LLC.
Covid-19 Impact:
During the pandemic, the shift from physical to virtual shopping was accelerated, forcing most businesses to migrate from on-premise to cloud operations. COVID-19 has expanded the e-commerce customer base beyond millennials and digital natives to include people of all ages. Even if lockdown orders are removed, many people will continue to use this sales channel, fundamentally changing the retail landscape
Major questions answered in this report:
- What is the growth rate of the Global E-commerce Plastic Packaging Market?
- What are the primary growth determinants of the market?
- Which are the major regions constituting the geographical landscape of the market?
- Which are the prominent companies operating in the market?
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