30 June 2020
Visiongain has launched a new packaging report E-Commerce Packaging Market Report 2020-2030: Forecasts by Material (Plastic, Corrugated Board, Paper, Others), Application (Consumer Electronics, Fashion, and Apparel, Food & Beverages, Personal Care Products, Others), and Geography. PLUS Profiles of Leading Companies.
This report evaluates the e-commerce packaging market for the period, 2020-2030. The global e-commerce packaging market is estimated to be worth US$xyz billion in 2020 and is projected to reach US xyz billion in 2030 while growing at a CAGR of xyz% over the forecast period from 2020 to 2030. The Asia Pacific dominates the global e-commerce packaging market and is anticipated to show similar trends over the forecast period. China currently holds the majority of the market share across the Asia Pacific region; however, India is projected to witness growth rates of over xyz% owing to rising digital transformation coupled with rising internet and smartphone penetration across the region.
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E-commerce has been designed to buy and sell goods via online services and is a fast-growing channel. E-commerce, a new distribution channel, offers new revenue pockets for the market players to reach a broader market, reduce costs, allows comparison shopping, and thus offer numerous opportunities.
Even as electronic commerce grows, it is necessary to recognize that this modern distribution channel is a logistics network that is much more complex and integrated than that of conventional brick and mortar retailers. This paradigm shift makes it essential for sustainability and optimization. As the e-commerce delivery structure evolves, packaging needs to change. Although customer demands between retail and e-commerce (fast product receipt, easy recovery, and product protection) are similar, industry responses to these needs differ.
E-commerce offers a unique opportunity to efficiently design a new packaging system for the future. The market players will understand & embrace this change which would redefine packaging and thus address the different challenges presented by the modern delivery system.
The global e-commerce packaging market is segmented as; by Material (Plastic, Corrugated Board, Paper, Others), By Application (Consumer Electronics, Fashion, and Apparel, Food & Beverages, Personal Care Products, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), Plus Analysis of Leading Companies operating in this industry.
Some of the major companies operating in the global e-commerce packaging market are Amcor PLC, DS Smith PLC, Georgia-Pacific Corporation, WestRock Company, Sealed Air, International Paper Co., Ball Corporation, Crown Holdings Inc., Sonoco Products Company, and Graphic Packaging International, LLC, among other prominent players.
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