E-commerce Packaging Market to reach $58 Bn by 2032, Says Global Market Insights inc.
E-commerce Packaging Industry size is expected to register 5.8% CAGR between 2023 and 2032 propelled by the Increasing value of branding techniques.
Selbyville, Delaware , Sept. 25, 2023 (GLOBE NEWSWIRE) — E-commerce Packaging Market size is projected to be worth USD 58 billion by the end of 2032, as per a
Asia Pacific to emerge as a pivotal market destination
Asia Pacific e-commerce packaging market is projected to exhibit significant growth during 2023-2032. The rapid expansion of the e-commerce sector across countries, including China, and India has led to the higher demand for packaging solutions. Moreover, the development of efficient logistics networks and last-mile delivery solutions is surging the need for innovative packaging materials, adding to the regional product uptake. For instance, in June 2023, Dow and P&G China collaborated to develop an air capsule e-commerce packaging to provide effective and economical method of protecting items while reducing superfluous packaging and improving recyclability.
E-commerce Packaging Market Participants
The competitive landscape of the e-commerce packaging industry includes prominent companies, such as Alibaba Group, JD, eBay, Walmart, Shopify, Rakuten, Etsy, Best Buy, Target, and Amazon. These firms are strategically embracing sustainable practices, innovative designs, and efficient logistics to meet growing end-user demands for reducing the environmental impacts. To cite an instance, in July 2023, Amazon announced plans to phase out plastic mailer bags as part of its larger push to limit waste, decarbonize, and enhance overall sustainability whilst focusing on package light-weighting and elimination.
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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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