Analysis on the e-Commerce Packaging Industry, 2020-2025 - Increasing Consumer Interest Towards Convenient Shopping Solutions
Tuesday, June 23, 2020
DUBLIN, June 15, 2020 /PRNewswire/ -- The "E-Commerce Packaging Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
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The global e-commerce packaging market was valued at USD 27.04 billion in 2019 and is expected to reach USD 61.55 billion by 2025, at a CAGR of 14.59% over the forecast period 2020-2025.
E-commerce has emerged as a prominent choice for purchasing goods since the turn of the century, demanding robust packaging solutions to sustain handling and long logistics for the varied product dimensions. Each increase in the varieties of product presence online is making the demand for its packaging solution.
Market Highlights
-- The market for e-commerce goods has evolved drastically during the last
decade. The global e-commerce sales grew by over 18% in the year 2018.
Hence, the demand for e-commerce packaging solutions has grown
consequently, and the trend is expected to continue during the forecast
period.
-- Rising internet penetration and growing access to the internet for a
majority of the population in the developing economies across the globe
have created huge potential market opportunities for the e-commerce and
packaging providers to venture into untapped markets and gain
substantial market share during the process.
-- The awareness about the plastic wastes is growing, and companies are
focusing towards minimizing it and offering products which are 100%
recyclable and biodegradable.
-- Manufacturing companies are adopting the Omni-channels distribution
strategies for their products also includes online purchasing is also
fueling the market growth for the e-commerce packaging market. However,
the lack of growth in the underdeveloped countries is restricting the
market from tapping into these regions due to fewer demands.
Key Market Trends
Consumer Electronics Segment to Witness Significant Growth
-- Consumers electronics are shaping consumers lifestyle in terms of
security, communications, and entertainment. Over 1.92 billion people
estimated to shop online in the year 2019. Consumer electronics is the
segments which have shorter changeover period. Also, the adoption of
consumer electronics is reaching the new high every month; resulting in
increasing number of shipments year on year.
-- E-Commerce has gained the trust of consumers in terms of quality
deliverables and aftersales support, which is encouraging them for
multiple orders online. In response to this, packaging solution
providers are offering robust packaging solutions to sustain damages
during handling and logistics.
-- The mobile market is the refreshed category of consumer electronics
which have the highest penetration, and with continuous development by
the technologies, the mobile market growth is multiplying. Also, in
response to this growth, e-commerce companies are partnering for their
launches and distribution, resulting in the growing demand for the
e-commerce packaging market.
-- Many e-commerce companies are focusing on sustainable packaging
solutions in order to reduce plastic wastes and moving towards
paper-based packaging. The trend is also expected to hit the consumer
electronics segment, which is sensitive to external impacts with better
designing to make packaging more robust. For instance, e-commerce giant
Amazon introduced Frustration-Free Packaging solution for eliminating
the additional shipping boxes. By December 2017, the company has avoided
360 million shipping boxes.
Asia-Pacific Expected to Hold the Largest Share
-- Asia-Pacific is one of the fastest growing markets for the e-commerce
industry. Increasing customer base due to growing economies of the major
countries like India and China is driving the growing number of
e-commerce shipments in the regions. Hence, it will drive the demand for
more packaging solutions in the region.
-- Witnessing driven by a young demographic profile, IBEF has stated that
increasing internet penetration and relative better economic
performance, India's E-commerce revenue is expected to jump from USD 39
billion in 2017 to USD 120 billion in 2020, growing at an annual rate of
51 percent, the highest in the world.
-- Government initiatives encouraging digitalization are continually
introducing people to online modes of commerce and driving the demand
for e-commerce packaging solutions in the region. India continues to
have a favorable FDI policy of 100% FDI, which is encouraging companies
like Amazon to build a stronger base in the country.
-- In April 2018, Amazon announced its plans to add five new fulfillment
centers in India and retain its position as the largest warehousing
space provider in the country. The Indian government is also backing
Amazon's aim to reduce the use of plastic packagings for e-commerce.
Competitive Landscape
The availability of several players providing e-commerce packaging solutions has intensified the competition in the market. Therefore, the market is moderately fragmented, with many companies developing expansion strategies.
-- Mar 2019 - Amcor Limited acquired its rival Bemis Company, Inc. By
combining these two market leaders, Amcor aims to create a stronger
value proposition for shareholders, customers, employees, and the
environment.
-- Oct 2018 - JD.com, Inc. introduced a new reusable package initiative.
Under the new program, the company's customers can have thousands of
products delivered in reusable packaging for small and medium-sized
parcels, making e-commerce more environmentally friendly and reducing
costs.
Key Topics Covered
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Consumer Interest towards Convenient Shopping solutions
4.2.2 Growing Proliferation Towards Online Retailing and the emergence of Omni-channel Presence
4.2.3 Focus Towards Sustainable Packaging Solutions
4.3 Market Restraints
4.3.1 Lack of Growth in the Underdeveloped Economies
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Material
5.1.1 Plastic
5.1.2 Corrugated Board
5.1.3 Paper
5.1.4 Other Materials
5.2 By End-user Vertical
5.2.1 Fashion and Apparel
5.2.2 Consumer Electronics
5.2.3 Food & Beverages
5.2.4 Personal Care Products
5.2.5 Other End-user Verticals
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Amcor PLC
6.1.2 Mondi PLC
6.1.3 International Paper Company
6.1.4 Smurfit Kappa Group PLC
6.1.5 DS Smith PLC
6.1.6 Klabin S.A.
6.1.7 Georgia-Pacific LLC
6.1.8 Nippon Paper Industries Co. Ltd.
6.1.9 Pacman LLC
6.1.10 Sealed Air Corporation
6.1.11 Rengo Co. Ltd.
6.1.12 Shorr Packaging Corporation
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/3ka474
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