USD 49.74 Billion
Report ID:
SQMIG15G2099 |
Region:
Global |
Published Date: January, 2025
Pages:
186
|Tables:
97
|Figures:
71
Global E-commerce Packaging Market size was valued at USD 49.74 Billion in 2023 and is poised to grow from USD 54.09 Billion in 2024 to USD 105.65 Billion by 2032, growing at a CAGR of 8.73% in the forecast period (2025-2032).
The rapid expansion of the e-commerce sector is boosting the growth of the e-commerce packaging market. This growth is also fueled by growing internet and smartphone usage and ease of shopping. Given the rising concern for environmental impact, sustainability is one of the key factors driving the e-commerce packaging market. With the rising demand from both consumer’s requirements and regulations, e-commerce leaders are taking responsibility in reducing the amount of plastic waste by using less material for packing and using alternatives such as recyclable and compostable items. As a result, companies are moving towards paper-based packaging, biodegradable plastics, and reusable boxes.
The expansion of the e-commerce packaging market is also triggered by brands’ shifting focus towards increased product differentiation and customization. It has now become a common desire among the brands striving to enhance the unboxing experience, which is an important aspect of e-commerce, especially for high-end products and for cosmetic, electronic, fashion and similar sectors. Businesses are actively seeking out packaging solutions that provide a good first impression in terms of appearance and functionality like easy to open, secure closure, and visually appealing.
Global Market Size
USD 49.74 Billion
Largest Segment
Paper & Paperboard
Fastest Growth
Plastic
Growth Rate
8.73% CAGR
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The global e-commerce packaging market is segmented into product type, material, application, and region. Based on product type, the market is segmented into boxes, protective packaging, mailers, tapes, labels, and others. Based on material, the market is segmented into plastic, corrugated board, paper & paperboard, and woods. Based on application, the market is segmented into electronics, food & beverages, cosmetics, fashion, furniture, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Analysis by Material
Based on material, the paper & paperboard segment is dominating the market with the largest e-commerce packaging market share. The rise in the paper and paperboard segment of the e-commerce packaging market can be attributed to its sustainability aspects. This segment is driven by the growing demand from customers seeking recyclable and biodegradable packaging. Paper based packaging such as cardboard, cartons and wrapping papers is generally lightweight, cheap and durable during transportation. Companies engaged in e-commerce often use paperboard packaging to enhance their environmental objectives and improve brand equity. Improvement in material strength and printability also broadens its usage in various industries especially in books, apparel and electronics. Various governments and organizations all over the world see paperboard as part of strategies to reduce plastic dependency and promote eco-friendly practices.
The plastics segment is expected to grow at a significant CAGR during the forecast period. The use of plastic packaging in the e commerce sector is increasing and seems to remain for the foreseeable future due to its features such as versatility, durability and cost effectiveness. This segment encompasses flexible pouches, bubble wraps, polybags as well as stretch films, which offer extreme safeguards against moisture and tampering. Despite the growing issues concerning plastic waste, its high-quality and light weight characteristics contribute to the preservation of such demand. Multiple e-commerce sites, specifically those that offer electronics, fashion and FMCG products, depend largely on plastic materials for their activities. On the other hand, in order to meet the requirements of customers and the government, firms are turning to using more biodegradable or recyclable alternatives to plastic. Technological evolution of the bio-based plastics and reusable materials will also change the segment but meet the requirements for the high-level sustainability standards.
Analysis by Application
Based on application, the food & beverage segment is dominating the e-commerce packaging market. Food and beverages are a key driver of the e-commerce packaging market, highlighting the safety, hygiene and freshness factor. These packaging solutions consists of insulated bags, vacuum pouches and tamper-proof containers to protect perishables. The growth of online grocery purchasing as well as the meal kit and food delivery services increased the need for packaging that prevents cross contamination and maintains temperature. Eco-friendly packaging is also gaining popularity in this segment as a number of companies are using biodegradable films and recyclable containers. The food safety regulations along with the increasing consumer preference toward green and recyclable options are driving the developments and growth of the food and beverage e-commerce packaging marketing.
As per e-commerce packaging market analysis, cosmetics segment is experiencing tremendous growth and opportunities in recent years. Cosmetics companies are prioritizing an e-commerce driven approach to packaging that protects the product while delivering aesthetics. Custom packaging for cosmetics like cushioned boxes, laminated paper and molded pulp inserts has to be designed for the fragility and ease of transport for such beauty products. As more clients order cosmetics via the online platforms, brands have made it a priority to design the cosmetics in a way to enhance the wrapping experience while matching luxury and sustainability trends. Biodegradable plastics, refillable containers and other new materials and designs are revolutionizing this segment. Key trends in this market include personalization, narrative branding through packaging and the use of sustainable materials. Companies are also concerned with waste as they put emphasis on minimalism on the use of packaging as well as creating reusable designs to suit the preferences of eco-friendly consumers and comply with changing policies.
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Asia-Pacific is dominating with the largest e-commerce packaging market share. The Asia-Pacific region is leading the e-commerce packaging market due to the growing e-commerce industry in China, India, and the Southeast Asian nations. The primary forces behind this growth are rapid urbanization, internet expansion, and increased disposable income. At the same time, the region’s high e-commerce transactions increase the demand volume for packaging goods like; carton boxes, bubble sheets, or flexible wraps. The region’s robust manufacturing base facilitates the production of goods at low prices, thus improving its competitiveness level. In addition to that, initiatives by the government emphasizing sustainable packing solutions provide the necessary push for the uptake of biodegradable and recyclable materials. The increasing presence of online retail big players as well as a growing number of small and medium ecommerce websites are also factors that fuel the growth of Asia-Pacific market.
Over the course of the projected period, it is anticipated that the smart stadium market in North America would expand with the highest growth rate. In North America the e-commerce packaging market is growing rapidly because of the industry leaders that provide better logistical services, great online stores, and strategies that prioritize the environment. The well-established infrastructure of the region enables the quick and reliable supply of various types of packaging materials such as protective wraps, bubbles, and customized options. The increase in consumers’ concern for the environment has aided the shift toward the use of reusable and biodegradable packaging materials. The e-commerce markets in the US and Canada are well developed due to growth in online shoppers and the presence of prominent packaging manufacturers. Other developments such as smart packaging with tracking capabilities is beginning to have traction too. The focus on customer satisfaction and environmental awareness will ensure that this area continues to grow at a steady pace.
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Drivers
Growing Demand for Customization and Personalization
Growth in Online Food Delivery
Restraints
Increasing Sustainability Pressure
High Expense of Sustainable Materials
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The e-commerce packaging industry is rapidly growing with major players thriving on invention, sustainability and collaborations. Key players like Smurfit Kappa, DS Smith, Mondi Group and International Paper control the market by leveraging mechanization to create robust, lightweight and environmentally conscious products. There is a sizeable contribution from regional players by designing solutions for local requirements at an affordable cost. The competitive strategies include mergers and acquisitions, launching of new products and embarking on partnerships to boost engagement. Sustainability continues to be a key theme, as companies produce ecological packaging that is compostable and recyclable in order to meet consumer demand and appropriate regulations. The competitive environment depicts constant competition, collaborations, and strategic partnerships between the international and local players, boosting innovation and market growth.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the e-commerce packaging industry has undergone massive growth which is fueled by the growing need for online shopping and the packaging approaches that are efficient, safe and sustainable. In this case, packaging includes materials such as corrugated boxes, mailers, protective packaging as well as void fillers. The market change is driven by technological developments in integration of sustainable consumer requirements and the growth of e-commerce coverage across the world. In addition, government regulations enhancing the use of green practices have also encouraged the development of biodegradable and recyclable materials. Increasing development of urban areas combined with move towards online shopping increases the demand for versatile packaging solutions that are cost effective and durable. Predictions show that there shall be a gradual increase in the market size as the key industry players focus on innovation and sustainable development.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 49.74 Billion |
Market size value in 2032 | USD 105.65 Billion |
Growth Rate | 8.73% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the E-commerce Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the E-commerce Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the E-commerce Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the E-commerce Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15G2099
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