Global E-Commerce Packaging Market

The rise of the e-commerce shopping market is connected to a rising e-commerce packaging sector.

As per this recently issued market research report by Facts & Factors, the global e-commerce packaging market was about 27 billion US-Dollar in 2020, with sales value projected to hit around 62 billion US-Dollar by the end of 2026. The compound annual growth rate (CAGR) is projected to reach 15 percent from 2021 to 2026.

“With an increase in internet penetration towards urban and rural areas across the globe, the e-commerce market has been upgrading its marketing strategies in order to tap into a previously untapped market,” the Indian-based market research firm wrote. “Previously, companies that stuck to retail-only business strategies have begun producing their own version of e-commerce applications in order to get on the trend. The leading market players in the sector are moving ahead in the same direction. Amazon opened five new performance centers in India in order to recoup its position as the largest e-commerce presence in the region. Furthermore, collaboration in the sector helps combine two consumer bases of different shopping tastes. In essence, Amcor Limited acquired Bemis Company, Inc. By integrating their two firms together, Amcor looks to expand into the consumer base of Bemis and vice-versa.”

The material segment can be categorized in the following way: protective packaging, corrugated boxes, paper, tapes, mailers and others. The protective packaging is expected to witness the highest growth CAGR across the category for the forecast period.

www.fnfresearch.com/e-commerce-packaging-market

(Published in GLOBAL RECYCLING Magazine 2/2021, Page 23, Photo: Gino Crescoli / pixabay.com)