E-commerce Packaging Market to Triple in Size by 2034, Driven by Online Shopping Boom

06/02/2024
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he e-commerce Packaging Market is estimated to be worth US$ 76.9 billion in 2024 and is projected to be valued at US$ 210 billion in 2034. Between 2024 and 2034, the industry is expected to register a growth rate of 10.6%. The surge in the adoption of e-commerce, as consumers increasingly shift towards online shopping. This evolving trend is a key driver behind the heightened demand for specialized e-commerce packaging solutions, uniquely crafted to cater to the specific requirements of online retailers.

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E-commerce businesses recognize packaging as an integral part of their brand identity. They strategically invest in designs that not only serve the functional purpose of product protection but also aim to curate a positive and memorable unboxing experience for customers. The expansion of cross-border e-commerce results in increased demand for packaging solutions that can withstand international shipping challenges. Packaging designs must comply with diverse regulations and ensure product safety during global transit.

The rising integration of technology into packaging, such as QR codes, RFID tags, and smart packaging features, enhances the overall customer experience. E-commerce businesses leverage technology to provide product information, enable tracking, and add interactive elements. The global focus on environmental sustainability drives demand for eco-friendly packaging solutions. E-commerce companies are increasingly adopting recyclable materials, reducing single-use plastics, and implementing sustainable packaging practices to meet consumer expectations.

Key Takeaways

  • From 2019 to 2023, the e-commerce packaging market expanded at a CAGR of 11.4%.
  • Based on product, the corrugated box segment is expected to rise at a CAGR of 10.4% from 2024 to 2034.
  • The e-commerce packaging demand in China is predicted to grow at a CAGR of 11.3% through 2034.
  • In the United States, the e-commerce packaging industry is estimated to register a CAGR of 10.8% from 2024 to 2034.
  • The United Kingdom is projected to expand by a value CAGR of 11.7% between 2024 and 2034.
  • The e-commerce packaging market in Japan is anticipated to record a CAGR of 11.8% during 2034.

"The rapidly growing online retail industry and growing demand for sustainable and recyclable, reusable packaging solutions to drive the e-commerce packing market.says Ismail Sutaria (Lead Consultant, Packaging and Materials). 

Competitive Landscape

Companies focus on developing and utilizing eco-friendly materials, such as recycled content, biodegradable plastics, and other sustainable alternatives. The market players are forming strategic partnerships or collaborations with e-commerce platforms, retailers, and logistics companies to expand market reach and improve supply chain efficiency.

Leading e-Commerce Packaging Companies Profiled:

  • Amcor Plc.
  • Berry Global Group, Inc.
  • CCL Industries
  • Coveris
  • Sealed Air
  • Sonoco Products Company
  • WINPAK Ltd.
  • Alpha Packaging
  • Constantia Flexibles
  • Mondi
  • Gerresheimer AG
  • Silver Spur Corp.
  • Greif
  • Transcontinental Inc.
  • ALPLA

Purchase this report now to get key companies with their Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis.

Recent Developments:

  • In June 2023 - Constantia Flexibles, the third-largest global producer of flexible packaging, is delighted to announce the successful finalization of its acquisition of Drukpol Flexo, a well-established packaging company located in Poland.
  • Mondi is an international packaging and paper group with a focus on sustainable and innovative packaging solutions for diverse industries, including e-commerce.
  • Alpha Packaging is a manufacturer of plastic bottles and jars, providing packaging solutions for industries such as pharmaceuticals, personal care, and e-commerce.

More Valuable Insights Available

Future Market Insights offers an unbiased global e-commerce packaging market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the e-commerce packaging industry, the industry is segmented based on the product (Corrugated Box, Poly Bags, Tapes, Protective Packaging, Mailers, and Others) by material (Plastic, Corrugated Board, Paper And Paperboard, Wood) by Application (Electronics And Electrical, Apparels And Accessories, Personal Care, Household, Food And Beverages, Pet Food, Pharmaceutical, Others) and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa).

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About the Automotive Division at Future Market Insights

The automotive team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one million+ data points, the team has analyzed the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.

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