Packaging for the Digital Age: Insights into the Retail E-Commerce Packaging Market

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Retail E-Commerce Packaging Market To Reach
74,873 Million by 2030
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The major divers in the global retail e-commerce
packaging market are the increasing number of
smartphones, rising internet penetration, and
shifts in shopping trends. By 2030, the market is
predicted to reach 74,873 million, advancing at
a CAGR of 12.1 in the coming years. The outbreak
of COVID-19 had drastically changed the current
market dynamics which in turn, had resulted in a
paradigm shift in the tastes and preferences of
consumers. Lockdowns were imposed in several
economies, confining the consumers within their
homes. Moreover, there is rising adoption of
e-commerce platforms after the spread of the
virus. Within the material type, the overall
retail e-commerce packaging market is divided
into envelopes, boxes, and others. Among these,
the boxes division holds the largest share, and
it will continue to exhibit the same trend in the
forecast period. This can be attributed to its
durable and high-strength packing. Therefore,
there is a skyrocketing demand for such products
where there is a surging requirement for boxes
among consumers and e-commerce corporations.
Moreover, since there are stringent government
policies to meet the sustainability standards,
there is an inclination toward sustainable
products by renowned e-commerce corporations.
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The consumer electronics category will generate
high revenue in the retail e-commerce packaging
market in the coming years, when segmented by end
user. This can be ascribed to a large number of
discounts and offers on consumer electronic
products available on these e-commerce platforms,
which in turn, attracts a large number of buyers
on these platforms. Moreover, there is a wide
range of products available online at reasonable
prices, catering to all the customers needs and
requirements. This exerts a push on the number of
online buyers to boost the sales of this
category. APAC will hold the biggest revenue
share in the coming years. Being home to some of
the most populous countries, such as Japan,
India, and China, APAC will dominate the retail
e-commerce packaging market. This can be credited
to the rising deployment of the latest
technologies, coupled with a snowballing
e-commerce industry. Furthermore, China is
expected to be the protagonist in this regional
market. By 2034, India is predicted to attain the
position of the second-largest e-commerce market
after China, overcoming the e-commerce forces of
the U.S. according to India Brand Equity
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There is a skyrocketing investment in the RD of
packaging products by the retail e-commerce
packaging market players to gain a competitive
edge, reducing waste accumulation during the
manufacturing process, and reusing them as
primary materials. Initially, the packaging
corporations disregarded the waste accumulation
once the finished products are ready. Thus, this
resulted in environmental deterioration. However,
as stringent laws were imposed by the government
to promote waste management, corporations are
indulging in waste treatment to curb the
pollution levels by integrating the use of three
Rs within their manufacturing processes for
profit maximization. Hence, the rising
population levels will drive the market. The
worlds population will witness a steep rise from
approximately 7.7 billion in 2020 to around 8
billion in 2030 as per the United Nations
Department of Economic and Social Affairs. This
trend will not stop in 2030, with the population
reaching a 9.8-billion figure by 2050. Inquire
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