The Global E-Commerce Plastic Packaging Market was worth USD 98.55 billion in 2020 and is poised to reach a valuation of USD 158.21 billion by 2030, registering a CAGR of 6.9% over 2022-2030.
Global E-commerce Plastic Packaging Market– Overview
The e-commerce plastic packaging market generally comprises of different product types that includes, pouches, protective packaging such as, air pillows, bubble packaging, shrink films, among other product types.
The complete e-commerce supply chain has moved at a significant pace, co-packers, and also brands that need packaging, which keeps pace while withstanding the rigors of this channel.
Also, the small and medium-sized brands with niche products have found that e-commerce supports the growth of the market over the forecast period.
Additionally, many plastic e-commerce packaging companies have been unable to increase production in response to high demand that has made it unable to survive in the post-pandemic market, as most of the organizations relies on those packaging companies that have already shifted to new companies to meet market demand.
Key market trends:
Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth over the forecast period is the consumer electronics and media market.
In order to achieve efficient packaging, plastics have often enabled manufacturers to ship more products with lesser packaging material. This process of light-weighting has played an essential role in boosting the environmental and economic efficiency of consumer product packaging over the forecast period.
Also, the blister packaging is ideal for small consumer electronic goods and has thus, fuelled the market growth over the forecast period. the protective packaging items, that includes, air bubble wraps, air pillows, and other inflatable packaging products have protected consumer electronics that are becoming increasingly popular among manufacturers of packaging products for consumer electronics.
These packaging options have dominated the market growth over the forecast period.
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Segmental analysis of the market:
Based on product type
- Pouches and Bags
- Protective Packaging
- Shrink Films
- Other Product Types (labels, tapes)
The protective packaging segment has dominated the market growth over the forecast period. this segment consists of air pillows, bubble packaging, among others that has had a significant growth over the market.
Based on End User
- Consumer Electronics and Media
- Food and Beverage
- Personal Care Products
- Fashion and Apparel
- Home Care and Furnishing
- Other End-user Industries
The personal care products segment has dominated the market growth over the forecast period.
Asia Pacific is anticipated to amplify at a considerable CAGR
The Global E-commerce Plastic Packaging Market is segmented into 4 main regions namely, North America, Europe, Asia Pacific, and Middle east and Africa. Among these, Asia Pacific has dominated the market growth over the forecast period. This is because of the expanding consumer preference for online shopping, the proliferation of payment options, online shopping events such as, single-day offers enticing discounts, and enhanced logistic infrastructure over the forecast period.
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Competitive Landscape:
Some of the prominent companies operating in the market are Amcor PLC, Pregis LLC, Sealed Air Corporation, Sonoco Products Company, Storopack Hans Reichenecker GmbH, Berry Global Inc., Huhtamäki Oyj, CCL Industries Inc., Clondalkin Flexible Packaging, and ProAmpac LLC.
Major questions answered in this report:
- What is the growth rate of the Global E-commerce Plastic Packaging Market?
- What are the primary growth determinants of the market?
- Which are the major regions constituting the geographical landscape of the market?
- Which are the prominent companies operating in the market?
Key takeaways from the report:
- The Global E-commerce Plastic Packaging Market is projected to expand at a CAGR of 6.9% over the forecast period.
- The consumer electronics and media market is aiding market progression.
- The protective packaging segment is poised to expand significantly over the forecast period.
- Asia Pacific has dominated the regional market sphere over the forecast period.
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