With the constant rise in population, the global retail e-commerce packaging market would grow at a massive 12.1% CAGR between 2020 and 2030. At this rate, the industry size is expected to increase from $19,022.7 million in 2019 to over $68,388.1 million by 2030. The United Nations (UN), in the 2019 edition of its World Population Prospects report, says that from 7.7 billion in 2019, the number of people on this planet will rise to 10.9 billion by 2010.
This factor is helping the retail e-commerce packaging market advance, as the increase in the number of people is leading to a surge in the demand for various products, thereby creating a huge demand for packaging materials. Further, with people shifting to the online mode of shopping, e-commerce websites are making brisk business, which is why their requirement for packaging materials is skyrocketing.
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The objective of this research includes;
In the past, Asia-Pacific (APAC) dominated the retail e-commerce packaging market, on account of the increasing population, which is rapidly getting access to the internet and witnessing a rise in its purchasing power. China has been the largest contributor to the worldwide industry for quite some time, as buying products online is convenient, more secure, and often costs less than purchasing them from physical stores here.
The Middle East and Africa (MEA) region will experience the fastest growth in the retail e-commerce packaging market in the years to come. This is ascribed to it being largely untapped by e-commerce companies, which has led to the slow growth of logistics and packaging-material-providing companies here. But, with the government of regional nations focusing on reducing their dependence on hydrocarbons, the e-commerce sector is expected to get a strong push, thereby driving the market here.
The retail e-commerce packaging industry is fragmented in nature, due to the presence of a larger number of small players. However, leading players, such as International Paper Company, Westrock Company, DS Smith Plc, Mondi Plc, Smurfit Kappa Group Plc, Klabin S.A., and Stora Enso Oyj, are driving consolidation in the corrugated packaging space.
The research includes detailed analysis of;
Based on Material Type
Based on End User
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