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.
Growth in the business is primarily being driven by the growing scale of key application industries, such as food and beverage, pharmaceuticals, personal and household care, and growing penetration of organised as well as e-retail globally. Because it provides flexible and stiff, transparent, and lightweight packaging options, plastic is preferred over alternatives like metal or glass in major industries like personal care, food and beverage, and industrial.
Until the package is delivered to the consumer from the package's supplier, the components of the packet are moved, stored, and protected using the e-commerce packaging approach. Depending on the item's contents and demand, the products contained in such packaging vary in size, shape, quality, and rigidity. Cross-border shopping's rising popularity has increased demand for both effective and high-quality packaging. The demand for high-quality, economical packaging has significantly increased as cross-border shopping becomes more and more common.
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.
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.
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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)
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
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.
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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?
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