Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 28.47 Billion | USD 45.62 Billion | 5.38% | 2023 |
According to a report from Zion Market Research, the global Retail E-Commerce Packaging Market was valued at USD 28.47 Billion in 2023 and is projected to hit USD 45.62 Billion by 2032, with a compound annual growth rate (CAGR) of 5.38% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Retail E-Commerce Packaging industry over the next decade.
The growth of Retail E-Commerce Packaging Market is increasing significantly due to increase in sales through E Commerce. Growing internet penetration and affordable internet charges has increased the volume of sale through E commerce. Ease to access, affordable market place and numerous product portfolio has led to the increase of E commerce Market and hence it is fuelling the growth of Retail E Commerce Packaging Market.
Packaging is the procedure or method to enfold the product/commodity for sale, distribution, or storage. Latest growth and expansion in the e-commerce business is cross-border for online purchasing. It has completely changed the shopping experience owing to its striking offers and most preferred product accessibility. Online shopping or buying products online is increasing constantly as it is economical and saves time.
The global retail e-commerce packaging market is considered to be very vibrant and dynamic business and is projected to see high expansion rate in the years to come. The development of the market is mainly influenced by the augment in the online shopping by several customers, increasing demand and popularity of packaged food, and quick expansion in the electronics division. Government rules and regulations, particularly for corrugated packaging as well as the increasing issues related to the environment, may restrain the development of the global retail e-commerce packaging market. The constant rise in the online shopping market is propelling the overall development of the retail e-commerce packaging business. The easiness of online shopping, for instance, quick delivery, very simple and easy return policies, as well as free shipping, has actually changed the preference of many customers to switch from the conventional method of shopping to online.
The retail e-commerce packaging market is classified in terms of market type, product type, merchandise type, and based on regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Based on the product type, the market is categorized into boxes, protective packaging, labels, mailers, tape, others (stretch & shrink films, pouches & bags, etc.).
In terms of merchandise type, the market is divided into fashion (footwear, clothing etc.), consumer electronics, health, home furnishings, beauty & personal care, multimedia & software, recreation goods, home care, food & beverages, and others (automotive products, books, gifts).
In terms of market type, the retail e-commerce packaging market is classified into logistic companies & third-party fulfillment, and mortar & brick retailers.
The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Retail E-Commerce Packaging Market |
Market Size in 2023 | USD 28.47 Billion |
Market Forecast in 2032 | USD 45.62 Billion |
Growth Rate | CAGR of 5.38% |
Number of Pages | 110 |
Key Companies Covered | Pregis Corporation, DS Smith Plc., Georgia-Pacific LLC, Sealed Air Corporation, Mondi Plc., WestRock Company, 3M Co., Dynaflex Private Limited, and Intertape Polymer Group, among others |
Segments Covered | By Market Type, By Product Type, By Merchandise Type And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia Pacific is anticipated to emerge as the world’s biggest e-commerce hub and is expected to experience a rapid expansion in retail e-commerce business owing to increasing middle-class families in India, China, and Indonesia, as well as owing to the rise in popularity and demand of mobile appliances. China is anticipated to account for the largest share of the retail e-commerce sales in the coming years. In China, the appliance and electronics retailers are projected to lead the retail e-commerce packaging market.
The local manufacturers are projected to account for the growth in market share of purchaser electronics owing to increasing brand name and enhanced technology. E-commerce, particularly in India, is likely to transform the working manner of retail industry. The expansion of e-commerce business in India mainly owes to rise in internet use and smartphone usage, particularly in metro cities; also in tier two & three cities thus driving the retail e-commerce packaging market.
Some of the most important market players in the retail e-commerce packaging market are-
This report segments the Global Retail E-commerce Packaging Market as follows:
Global Retail E-commerce Packaging Market: The Product Type Analysis
Global Retail E-commerce Packaging Market: In Terms Of Merchandise Type Analysis
Global Retail E-commerce Packaging Market: In Terms Of Market Type Analysis
Global Retail E-Commerce Packaging Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
The Retail E-Commerce Packaging Market was valued at USD 28.47 Billion in 2023.
The Retail E-Commerce Packaging Market is expected to reach USD 45.62 Billion by 2032, growing at a CAGR of of 5.38% between 2024 to 2032.
Global Retail E-Commerce Packaging Market players such as Pregis Corporation, DS Smith Plc., Georgia-Pacific LLC, Sealed Air Corporation, Mondi Plc., WestRock Company, 3M Co., Dynaflex Private Limited, and Intertape Polymer Group, among others.
The global retail e-commerce packaging market is considered to be very vibrant and dynamic business and is projected to see high expansion rate in the years to come. The development of the market is mainly influenced by the augment in the online shopping by several customers, increasing demand and popularity of packaged food, and quick expansion in the electronics division. Government rules and regulations, particularly for corrugated packaging as well as the increasing issues related to the environment, may restrain the development of the global retail e-commerce packaging market.
The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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