Market Overview
The worldwide Retail E-commerce Packaging Market trends are predicted to grow at USD 63.47 Billion during the forecast period of 2027. Further, the growing market is estimated to account for the CAGR of 12.48% in the analysis period of 2021 to 2027. It is estimated to be a market valued at USD 20.19 Billion in the year 2020.
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Nowadays, many customers are shifting their attention towards online shopping compared to the traditional method of shopping because it provides free shipping, faster delivery, and easier return policies. For instance, the leading company Amazon (U.S.) has generated total revenue of USD 107,006 million by leading the global market. In contrast, the prominent market player eBay (U.S.) has created a total revenue of USD 8,592 million during the forecast period of 2015. Hence, the high preference over online shopping enhances the overall Retail E-commerce Packaging Market growth in the research period.
Additionally, the rapid growth in the electronic sector and increasing demand for packaged food are the two major growth driving factors for the growth of the worldwide market. Moreover, the global market has more growth opportunities because of developing countries’ growth in disposable income and the increasing demand for protective packaging.
Market Segmentation
The global Retail E-commerce Packaging Market has been bifurcated based on the material and applications.
Based on the material segment, the worldwide market has been classified into different materials such as protective packaging, corrugated boxes, tapes & labels, security envelopes, and others (paperboard tubes, insulated shipping containers, and shrink film). The protective packaging is registered to account for the largest Retail E-commerce Packaging Market share of 34.80% during the forecast period of 2015. It is further estimated to expand at the highest CAGR in the analysis period.
Depending on the application segment, the global market has been segregated into apparel & accessories, electronics & consumer goods, food & beverages, home furnishing, healthcare & personal care, auto parts, and others (books, industrial products, and toys & baby products).
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Regional Analysis
Regionally, the Retail E-commerce Packaging Market size is witnessing constant growth due to the collective efforts of different regions such as North America, Asia-Pacific, Europe, and the rest of the world.
Out of all, the Asia Pacific market is considered the largest e-commerce hub in the world. The popularity of mobile gadgets and the growing middle class in Indonesia, China, and India show rapid growth in the Asia Pacific retail e-commerce market. In the recent few years, China has registered to account for nearly 40% of the retail e-commerce sales worldwide. Moreover, electronics and appliance retailers in China have dominated the Asia Pacific regional market. As the technologies are improving and the brand reputations are growing, the domestic manufacturer accounts for the increase in consumer electronics share.
Industry News
In June 2021, a paper-based packaging company named Cartonesdel Pacifico SAC based in Peru was announced by the Smurfit Kappa Group plc for its completion. This company has recently aimed to become the largest supplier in LATAM and grow its footprint in the 12 to 13 countries of America.
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