Global Retail E-commerce Packaging Market is expected to reach a market size of USD 21,669.7 million by the end of 2023 at CAGR of 5.92%.
Global Retail E-Commerce – Market Insights
Recently, online shopping has become a norm. Until some years ago, this concept was close to non-existent. But with growing exposure to the internet and smart devices, people now prefer buying goods using online platforms. This is one of the most important facts that drive the global retail e-commerce packaging market. According to the research report published by MRFR (Market Research Future), this market is expected to expand enormously during the forecast period.
E-commerce packaging can be described as the art of wrapping products securely. They are packed with utmost precision and care so as to ensure that the merchandise inside is intact till it reaches the consumer. These products can be sent for distribution, sold or stored. Whatever the case, packaging standards are quite high when the domain is e-commerce.
The modern-day consumers prefer to buy products rather than taking that painstaking trip the shop. Owing to this fact, one can very confidently say that the global retail e-commerce packaging market will witness tremendous progress. During the forecast period of 2018-2022, the market is expected to earn above USD 21, 658.3 million. In terms of CAGR, the industry is poised to develop at the rate of 6%.
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There are many drivers that can be held responsible for the expansion of the market. The upsurge in the usage of online shopping sites can be termed as the chief growth propeller for the market.
Growing demand for packaged food amongst the masses & swift advancements in the electronics sector can be termed as additional growth drivers.
However, the victory run of this market may be hindered by certain obstacles. These include stringent & strict government regulations for corrugated packaging and the growing consciousness towards the environment & its safety. Although, as the industry develops and generates more revenue these small issues will be overcome.
Innovation – The global retail e-commerce packaging industry has observed many innovations in the last few years. One such innovation is the introduction liquids packaging design solutions. This form of packaging was formed to reduce the cases of e-commerce leakages. By far, this innovation has been pretty successful in achieving that!
Market Players & Key Strategies
There are many prominent players in this industry, some of them include Georgia, Nippon Paper Industries Co. Ltd., Mondi Group, Packaging Corporation of America, Orora Packaging Australia Pvt Ltd. and Klabin S.A.
The major players in this market have a proactive approach and they work tirelessly to come up with new and efficient products. Apart from that they also employ strategies like acquisitions, strategic partnerships and investment in research and development activities.
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The worldwide retail e-commerce packaging industry has been divided into two equal parts. Both of these and their respective sub-segments are listed as below:
Applications – Healthcare & personal care, home furnishing, apparel & accessories, auto parts, food and beverages and electronics & consumer goods.
Materials – Protective packaging, security envelopes, tapes & labels, corrugated and others. The others division is further segmented into shipping containers, paperboard tubes and shrink films.
The market for retail e-commerce packaging has been successful in spanning across the entire world. The major reasons where its presence is felt can be listed as North America, Europe, Asia Pacific and Rest of the World.
After an in-depth analysis of all these areas the report by MRFR (Market Research Future) came to the conclusion that it is Asia Pacific that leads the market amongst them. Its development has been endowed by the countries like Indonesia, China and India, all three of these bring in the maximum amount of business.
Detail Analysis of “Retail E-commerce Packaging Market Research Report – Forecast to 2023” @ https://www.marketresearchfuture.com/reports/retail-e-commerce-packaging-market-1891
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain of Global Retail E-commerce Packaging Market
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