The global e-commerce packaging market size is slated for considerable expansion from USD 48.81 billion in 2021 to USD 140.86 billion in 2028 owing to the rising number of smart phone users across the world, finds Fortune Business Insights in its report, titled “E-Commerce Packaging Market, 2021-2028”, the e-commerce packaging market stood at USD 42.66 billion in 2020. It is set to exhibit a CAGR of 16.3% during the forecast period.
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.
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.
February 2021: For the rapidly growing online beverage and liquids market, Smurfit Kappa has introduced a new line of eBottle packaging solutions. The rollor bottle pack, bipack, and pop-up insert are among the new portfolio's sustainable solutions for single and multi-pack products.
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