Retail E-Commerce Packaging market was valued at USD 3,514.2 Billion in 2019 and is expected to reach over USD 8,686.9 Billion by 2026, growing at a CAGR of around 13.3% during the forecast period from 2020 to 2026
According to the report, the global Retail E-Commerce Packaging Market was valued at USD 3,514.2 Billion in 2019 and is expected to reach over USD 8,686.9 Billion by 2026, growing at a CAGR of around 13.3% during the forecast period from 2020 to 2026.
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
Global Retail E-Commerce Packaging Market: Overview
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.
Global Retail E-Commerce Packaging Market: Growth Factors
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.
Global Retail E-Commerce Packaging Market: Segmentation
The retail e-commerce packaging market is classified in terms of market type, product type, merchandise type, and based on regions. 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.
Global Retail E-Commerce Packaging Market: Regional Analysis
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.
Global Retail E-Commerce Packaging Market: Competitive Players
Some of the most important market players in the retail e-commerce packaging market are 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.
Global Retail E-Commerce Packaging Market: Regional Segment Analysis
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