E-Commerce Packaging Market to be Worth $235.8 Billion by 2030: Grand View Research, Inc.

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Nov 15, 2022, 06:00 ET

SAN FRANCISCO, Nov. 15, 2022 /PRNewswire/ -- The global e-commerce packaging market size is expected to reach USD 235.8 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 16.9% over the forecast period. Growing e-commerce retail platforms and technology advancements, such as 5G, and wider geographic internet connectivity are boosting the e-commerce market. Thus, simultaneously driving the demand for convenient and efficient packaging. The introduction of 5G is expected to enhance the consumer experience of online shopping by introducing technologies like Augmented and Virtual Reality (AR/VR). These technologies will provide product display in the enhanced virtual environment; thus, improving consumer experience on product outlook.

Key Industry Insights & Findings from the report:

The corrugated boxes segment is expected to register the fastest CAGR from 2022 to 2030 due to the increasing demand for sustainable packaging, rising trade activities, and growing dependency of customers on the online delivery of goods.
In addition, boxes are affordable and ensure product safety during transportation and handling.
Plastics accounted for the highest revenue share in 2021 due to their applicability, easy availability, low weight & costs, and functionality of offering excellent protection against environmental factors (air and water) to the packaged goods.
Apparel & accessories emerged as the dominating product segment in 2021 and will expand further at a steady CAGR from 2022 to 2030.
Asia pacific commanded the largest revenue share in 2021. Owning to increasing penetration of the internet, increasing dependency on e-commerce purchases, and rising disposable income in the region.

Read 144-page full market research report, "E-Commerce Packaging Market Size, Share & Trends Analysis Report By Product (Poly Bags, Mailers), By Material (Plastics, Corrugated Boards), By Application (Household, Pet Food), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

E-Commerce Packaging Market Growth & Trends

According to the research on Shopify, more than half of consumers are willing to shop more if the e-commerce platform is offering an AR experience. The 5G technology is helping to power the growth of the e-commerce industry during the forecast period. The industry is expected to experience splendid growth during the forecast period owing to wider geographic internet connectivity. For instance, a project like starlinks will provide access to areas where connectivity has been a challenge, such as the rural parts of the world. The challenges of the internet in rural or remote parts of the world are contributing to the very limited opportunity for the e-commerce industry growth.

The introduction of wider geographic internet connectivity will create immense opportunities for the e-commerce market in remote parts of the world. However, the growing e-commerce industry is creating a large amount of packaging waste and various environmental concerns. For instance, 3 billion trees are cut every year to produce carton boxes, mailers, fillers, and paper-based packaging. Whereas, less than 20% of plastic packaging produced worldwide undergoes recycling. Thus, the environmental concern over increasing packaging waste is expected to restrain the market growth to some extent.

Key companies operating in the industry are majorly adopting various strategies, such as acquisitions and new product launches, to expand their manufacturing capabilities, product portfolios, and geographical presence. For instance, in July 2022, Coveris launched stretch films, which have 30% recycled content. In May 2022, Berry Global collaborated with Clean Farms & Poly-Ag Recycling to advance Canada's circular economy. The collaboration was aimed at recovering used agricultural films and grain bag materials to produce new products with recycled content...

E-Commerce Packaging Market Segmentation

Grand View Research has segmented the global e-commerce packaging market on the basis of product, material, application, and region

E-Commerce Packaging Market - Product Outlook (Revenue, USD Million, 2017 - 2030)

Corrugated Box
Poly Bags
Tapes
Protective Packaging
Mailers
Others

E-Commerce Packaging Market - Material Outlook (Revenue, USD Million, 2017 - 2030)

Plastic
Corrugated Board
Paper & Paperboard
Woods

E-Commerce Packaging Market - Application Outlook (Revenue, USD Million, 2017 - 2030)

Electronics & Electrical
Apparels & Accessories
Personal Care
Pharmaceuticals
Household
Food & Beverages
Pet Food
Others

E-Commerce Packaging Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)

North America

U.S.
Canada
Mexico

Europe

Germany
France
U.K.
Italy
Spain

Asia Pacific

China
Japan
India
South Korea
Australia

Latin America

Brazil

UAE
Saudi Arabia

List of Key Players of E-Commerce Packaging Market·

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

Check out more related studies published by Grand View Research:

Canada Plastic Packaging Market - The Canada plastic packaging market size is expected to reach USD 13.76 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 3.8% from 2022 to 2030. The growing demand for plastic from end-use industries and the increasing demand for convenient and efficient packaging are the factors expected to further fuel the growth of the industry.
Canada Multilayer Flexible Packaging Market - The Canada multilayer flexible packaging market size is expected to reach USD 3.31 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 4.5% from 2022 to 2030. Growing demand for packed food and its packaging coupled with demand for sustainable packaging products is attributed to be the key driver for the multilayer flexible packaging market in Canada.
Molded Pulp Packaging Market - The global molded pulp packaging market size is expected to reach USD 9.11 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.4% during the forecast period. The growing demand for environment-friendly sustainable packaging by end-users, rising awareness toward waste management, and environmental concern on single-use plastic are attributed to be the key drivers of the market for molded pulp packaging.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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