Retail E-Commerce Packaging Market Size
Retail E-Commerce Packaging Market size was USD 22.53 billion in 2021 and projected to grow from USD 28.5 billion in 2023 to USD 83.6 billion by 2032, exhibiting a CAGR of 12.7% during the forecast period.
Retail E-Commerce Packaging is any product’s display packaging when it is ready to be sold in retail store like food item boxes, perfume boxes, and other items. The role of retail packaging can be almost completely constricted to impactful and appealing design, to attract the consumers purchase the product when they are already in store. A successfully branded product enhances sales in a competitive environment where consumers make quick decisions.
Market Highlights
Retail E-Commerce Packaging Market is expected to project a CAGR of 12.7% during the forecast period, 2022-2032
Retail E-Commerce Packaging Market is expected to reach USD 83.6 billion in 2032, growing at a CAGR of 12.7% during the forecast period owing to the growing e-commerce industry owing to increased use of the internet and change in patterns of shopping. Also, shoppers are using various online channels more than they were before to the COVID-19, which has led to a marked increase in e-commerce shipping and home delivery services. These factors are expected to drive the Retail E-Commerce Packaging Market over the forecast period.
Retail E-Commerce Packaging Market Segmentation
Protective Packaging & Security Envelopes segment is expected to dominate in the forecast period
Retail E-Commerce Packaging Market is classified based on the Material into Corrugated Boxes, Protective Packaging & Security Envelopes, Tapes & Labels, and Others. The Corrugated Boxes segment held a major share of the market in the past years owing to increased demand for items that needed durable packaging and high-strength. In the upcoming years, the Protective Packaging market is expected to reach a majority share. Materials like foam inserts, bubble wrap, and packing peanuts are examples of protective packaging and can be used to cushion and safeguard goods while in transportation.
Electronics and Consumer Goods segment is expected to dominate in the forecast period
Retail E-Commerce Packaging Market is classified based on the Application into Electronics & Consumer Goods, Apparel & Accessories & Home Furnishing, Auto Parts, Food & Beverages, Healthcare & Personal Care, and Others. The Electronics and Consumer Goods category dominated the market in 2022, and is anticipated to be the fastest growing during the forecast period. The sector is one of the main end-use markets for retail e-commerce packaging since consumer items and electronics are usually delicate and need protective packaging.
Market Dynamics
Growth Drivers
Significant Growth in Online Shopping is Expected to Boost the Market Growth
The considerable growth in online shopping mainly during the pandemic is one of the main drivers of the Retail E-Commerce Packaging Market. As more people buy online, there is an increasing demand for environmentally friendly and protective packing options that can guarantee the delivery of items to customers' doorsteps in a secure and safe manner. A variety of items, including bubble mailers, corrugated boxes, cushioned mailers, poly mailers, and flexible packaging, are used in retail e-commerce packaging. These packaging options give e-commerce sellers marketing and branding opportunities in addition to product protection during transit, which has an effect on the market's growth.
Improvements in Packaging Technology is Expected to Boost the Market Growth
To meet the increased demand for ecological packaging in the market, packaging technology has been important. Retailers may now use eco-friendly packaging solutions thanks to material innovations including bio-based plastics, biodegradable films, and recyclable options. The ecologically friendly packaging options support customer requirements for safer environment while also reducing waste and carbon impact. These elements are accelerating the growth of the aforementioned market.
Restraint
Packaging Regulations Associated with Retail E-Commerce Packaging Applications Across the Globe to Restrain the Market Growth
Throughout the projection period, market growth is anticipated to be constrained by a lack of standardized orders relating to applications of e-commerce packaging. Different rules apply to the usage and implementation of e-commerce packaging in each nation. Key players struggle to comply with such national laws, which discourages investment in the e-commerce packaging sector and restrains the growth of the Retail E-Commerce Packaging Market.
Recent Developments
In the e-commerce packaging created by DS Smith, a leader in sustainable packaging, corrugated material replaced non-recyclable and plastics materials in March 2022, reducing package prices by 20%.
The growth of Mondi plc's e-commerce plastic-free packaging portfolio was announced in June 2021. The company increased the variety of paper goods in its MailerBAG line.
Retail E-Commerce Packaging Market
Key Players Covered:
- IPG
- Westrock Company
- Smurfit Kappa Group
- International Paper Company
- DS Smith Plc
- Rengo Co. Ltd.
- Stora Enso
- Sonoco Products Company
- Mondi Group
- Sealed Air Corporation
- Packaging Corporation of America
- Dyna Corp
- Orora Packaging Australia Pty Ltd.
- Pregis Corporation
- Smithers
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Regional Analysis
Retail E-Commerce Packaging Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. The Asia Pacific area has dominated the market for many years and will continue to do so. The expansion of the consumer products business, the e-commerce sector, and industrialization have all contributed to the rising demand for e-commerce retail packaging in the region. Furthermore, North America is anticipated to grow significantly during the projection period. An increase in R&D, the demand for ready foods, the working population, and the desire for consumer gadgets have all boosted the market.
Impact of Covid-19 on Retail E-Commerce Packaging Market
The COVID-19 pandemic had a favorable impact on the market since it forced people to stay quarantine, which contributed to an increase in online product sales. In addition, the cost of crude oil plummeted during this time, briefly falling below zero. Petrochemicals, the primary raw material for packaging materials, saw a substantial decrease in price due to this, spurring large-scale purchases by end users.
Retail E-Commerce Packaging Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Retail E-Commerce Packaging Market Scope and Segments:
|
ATTRIBUTE |
DETAILS |
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Study Period |
2018-2032 |
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Base Year |
2022 |
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Forecast Period |
2022-2032 |
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Historical Period |
2019-2021 |
|
Growth Rate |
CAGR of 12.7% from 2022-2032 |
|
Unit |
Value (USD Billion) |
|
Segmentation |
Main Segments List |
|
Material |
|
|
Application |
|
|
By Region |
|
Frequently Asked Questions (FAQ):
Retail E-Commerce Packaging Market size was estimated at USD 22.53 billion in 2021 and is expected to reach USD 83.6 billion in 2032.
Retail E-Commerce Packaging is any product’s display packaging when it is ready to be sold in retail store like food item boxes, perfume boxes, and other items.
Protective Packaging & Security Envelopes and Electronics & Consumer Goods segments accounted for the largest Retail E-Commerce Packaging Market share.
Key players: IPG, Westrock Company, Smurfit Kappa Group, International Paper Company, DS Smith Plc, Rengo Co. Ltd., Stora Enso, Sonoco Products Company, Mondi Group, Sealed Air Corporation, Packaging Corporation of America, Dyna Corp, Orora Packaging Australia Pty Ltd., Pregis Corporation, Smithers, and Other Prominent Players.
Global growth of E-Commerce and rising internet penetration are the factors driving the Retail E-Commerce Packaging Market.
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