The global e-commerce market revenue is expected to expand at a lucrative CAGR over the forecast period. Benefits offered by online shopping such as availability of variety of products, brands, easy and safe delivery of products, easy return policies are expected to drive growth of the target market over the forecast period.
The global E-commerce packaging market report has been segmented on the basis of material type, end-user, and region. On the basis of material type, the target market is segmented into protective packaging, polybags, corrugated boxes, and others (others include: glass, bubble wraps, security envelopes). The protective packaging and corrugated boxes material type segments are expected to register significant growth in terms of revenue over the forecast period, owing to increasing preference of manufacturers towards safe and affordable delivery of products.
On the basis of end-user, the target market is segmented into food & beverages, consumer electronics, retail, personal care, healthcare, chemical, and transport. The consumer electronics end-user segment is expected to account for highest share in the target market over the forecast period, owing to increasing concern of safety and protection at the time of transportation. In addition, technological advancements in household appliances sector is another factor expected to drive growth of this segment.
Request Sample Copy of the Report: https://marketresearch.biz/report/e-commerce-packaging-market/request-sample/
Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to register highest CAGR in terms of revenue, owing to increasing preference towards online shopping in developing countries such as India and China in the region. The market in North America is estimated to be second-highest share in terms of revenue over the forecast period, owing to development of advanced methods for packaging, and increasing demand for consumer electronics in the region.
Key players operating in the global e-commerce packaging market include DS Smith Plc., Pregis Corporation, Georgia-Pacific LLC, International Paper Company, Mondi plc., Sealed Air Corporation, WestRock Company, Intertape Polymer Group, Dynaflex Private Limited, and Rengo Co. Ltd.