The globale-commerce packaging businesssize is slated for considerable expansion fromUSD 48.81 billionin 2021 toUSD 140.86 billionin 2028 owing to the rising number of smart phone users across the world, findsFortune Business Insightsin its report, titled E-Commerce Packaging Market, 2021-2028, the e-commerce packaging market stood atUSD 42.66 billionin 2020. It is set to exhibit a CAGR of16.3%during the forecast period.
Market Segmentation:
On the basis of type, this market is classified into plastic, corrugated boxes, paper, and others. By application, the market is divided into food and beverage, consumer electronics, personal care and cosmetics, fashion and apparel, and others. In terms of geography, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East Africa.
Highlights/Summary:
This research report offers an in-depth study of the driving factors, restraints, and trends related to the growth of the market. In addition, this report offers a detailed evaluation of the market segments and regional developments in the market. Further, this report also incorporates a comprehensive analysis of the strategies adopted by the leading players to boost their market position.
Drivers/Restraints:
Increasing Number of Working Population across the World to Fuelthe Market
Over the years, there has been a substantial increase in the working population across the world due to the rising urbanization rate worldwide. This has led to an increasing consumer inclination towards the use of the internet and other latest technologies by most of people in order to buy essential products through various e-commerce websites such as Myntra, Flipkart, and others. Thus, this is a crucial factor driving the growth of this market
Competitive Landscape:
Strategic Alliances between Key Players to Feed Competition
The leading companies in the e-commerce packaging market are focusing on strategic partnerships with small-scale as well as large-scale companies in order to increase the sale of products through e-commerce platforms. This has resulted in increasing competition among key companies which will help to expand their businesses and strengthen their market position.
List of Key Players Covered in E-Commerce Packaging Market Report:
- Amcor plc (Switzerland)
- Mondi Group (UK)
- International Paper Company (U.S.)
- Smurfit Kappa(Ireland)
- DS Smith(UK)
- Klabin S.A.(Brazil)
- Georgia-Pacific LLC (U.S)
- Rengo Co., Ltd. (Japan)
- Orora Packaging Australia Pty Ltd (Australia)
- Nippon Paper Industries Co., Ltd. (Japan)
Please visit:https://www.fortunebusinessinsights.com/e-commerce-packaging-market-104885
