The Global Retail E-Commerce Packaging Market is anticipated to reach a valuation of US$ 17.6 billion in 2023, driven by the rapid growth of e-commerce. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.0% between 2023 and 2033 and reaching a total valuation of approximately US$ 28.7 billion by 2033.
One of the major factors contributing to the growth of the retail e-commerce packaging market is sustainability, which has become a paramount concern in the packaging industry, driven by increasing environmental awareness among consumers and businesses. Retailers actively seek eco-friendly packaging solutions that minimize waste, use recycled or renewable materials, and reduce carbon footprint. Adopting sustainable packaging practices in e-commerce helps retailers meet regulatory requirements, align with consumer preferences, and demonstrate corporate social responsibility.
Packaging plays a vital role in shaping a brand’s image and creating a positive customer experience. Retailers recognize the significance of branding through packaging and invest in visually appealing designs, custom prints, and personalized touches. Retailers, by focusing on branding and customer experience, can create a lasting impression on customers, foster brand loyalty, and generate positive word-of-mouth, ultimately driving the demand for innovative and distinctive retail e-commerce packaging.
The United States plays a pivotal role in the North American retail e-commerce packaging market, accounting for a significant 75% share. Over the forecast period, it is predicted to contribute an additional US$ 645 million in incremental opportunities. This underscores the nation’s dominant influence and potential for growth within this market segment. In 2019, global e-commerce sales surged to an impressive US$ 26.7 trillion, as reported by the United Nations Conference on Trade and Development (UNCTAD), with the United States maintaining its prominent position as the leader in the e-commerce market.
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Efficient logistics and supply chain management are critical for the success of e-commerce businesses. Retailers are increasingly adopting packaging solutions that optimize space utilization, reduce shipping costs, and enhance product protection during transit. Custom-fit packaging, right-sizing, and smart packaging designs that minimize void fill contribute to streamlined logistics and supply chain operations, making packaging a crucial component of efficient order fulfillment.
Key Takeaways from the Market Study
- Global retail e-commerce packaging market was valued at US$ 16.8 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 2.6%.
- The United States is expected to hold a dominant CAGR of 4.9% during the forecast period.
- By product type, the protective packaging segment is expected to constitute a CAGR of 4.9% in 2033.
- Based on merchandise type, the fashion segment is expected to dominate the market with a CAGR of 4.8% in 2033.
- From 2023 to 2033, the retail e-commerce packaging market is expected to flourish at a CAGR of 5.0%.
- By 2033, the market value of retail e-commerce packaging is expected to reach US$ 28.7 billion.
Integration of augmented reality (AR), across the globe is a major factor that is expected to propel the growth of the retail e-commerce packaging market in the near future, remarks an FMI analyst.
Key Players:
- DS Smith plc
- Intertape Polymer Group Inc.
- Georgic-Pacific LLC
- International Paper Company
- Mondi plc.
- Sealed Air Corporation
- 3M Company
- WestRock Company
- Pregis Corporation
- Smurfit Kappa Group
- Packaging Corporation of America
- Ventapel
- NIPPON PAPER INDUSTRIES CO., LTD.
- DynaCorp
- Orora Packaging Australia Pty Ltd.
Recent Developments:
- In May 2023, Ranpak Holdings Corp. unveiled its Geami WrapPak® EX MINI, a compact and versatile paper cushioning system designed for e-commerce packaging. The Geami WrapPak® EX MINI provides protection and cushioning for products during transit using sustainable, recyclable materials. It offers convenience and efficiency in packaging, supporting e-commerce retailers’ efforts to deliver secure and environmentally friendly packaging.
- In February 2023, Sealed Air Corporation announced the launch of its FLX
SmartPacker, an automated system that uses sensor technology to create custom-sized boxes for e-commerce orders. The FLX
SmartPacker optimizes packaging material usage, reduces void fill, and improves operational efficiency for e-commerce fulfillment centers. The solution contributes to cost savings and sustainability in the packaging process. - In April 2022, Pregis introduced its Sharp Packaging Solutions, which provides customized packaging solutions for e-commerce companies. Sharp Packaging Solutions combines innovative packaging design, automation technology, and fulfillment capabilities to meet the unique needs of e-commerce retailers. The solution optimizes packaging operations, enhances product protection, and supports efficient order fulfillment.
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Global Retail E-Commerce Packaging Market Segmentations:
By Product Type:
- Protective Packaging
- Boxes
- Mailers
- Labels
- Tape
- Others (Shrink & Stretch Films, Bags & Pouches, etc.)
By Merchandise Type:
- Consumer Electronics
- Fashion (Clothing, Footware, etc.)
- Home Furnishings
- Health, Personal Care & Beauty
- Recreation Goods
- Multimedia & Software
- Food & Beverages
- Homecare
- Others (Books, Automotive Products, Gifts)
By Market Type:
- Third Party Fulfillment & Logistics Companies
- Brick & Mortar Retailers
- Specialty Retailers
- Others
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa (MEA)
About the Packaging Division at Future Market Insights (FMI)
The packaging team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and 1 Billion+ data points, the team has analyzed the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.
Explore Trending Reports of Packaging:
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Flexible Packaging Paper Market Trends: The flexible packaging paper market is growing at an estimated CAGR of 4% by 2032.
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Product Type, Merchandise, Market Type, and Region over the next 10 years.
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Other Published Source: Retail E-Commerce Packaging Market is estimated to reach US$ 21.4 Billion by Year 2027 at a CAGR of 5%. Report Analysis by Future Market Insights, Inc.
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The post Global Retail E-Commerce Packaging Market Size Projected to Reach a Whopping US$ 28.7 Billion during the Forecast Period 2023-2033 | Future Market Insights Inc. appeared first on Future Market Insights.
