The globale-commerce packaging marketsize 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.
In recent years, there has been an increasing consumer inclination towards buying of several products through e-commerce platforms due to the rising number of smartphone users across the world, which is projected to fuel the growth of this market. Further, the increasing disposable income and change in the standard of living of the people worldwide has resulted in growing demand for e-commerce packaging across several regions of this market.
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
Information source:
https://www.fortunebusinessinsights.com/e-commerce-packaging-market-104885
