Global E-commerce Packaging Market Size:
The Global E-commerce Packaging Market is expected to grow at a CAGR of approximately 5.76% during the forecast period to cross USD 33.89 billion by 2025. The increasing online purchases are creating a new market trend for the growth of Global E-commerce Packaging Market. The packaging material constitutes different substances like boxes, tapes, labels, and others. It is essential that the packaging should be intact as any tampering would affect the customer trust and impact the sales of the online merchant providing the services.
Global E-commerce Packaging Market Key Developments:
The recent developments like cross-border online shopping are thriving in the market demand for secure packaging. The increasing offers and discounts provided the online merchants is attracting more and more consumers towards e-commerce transactions. A wide range of products varying from books to fashion to electronic appliances are available at cheaper prices in the online merchant websites.
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There are diverse factors supporting the global E-commerce Packaging Market such as the increasing consumer base for the e-commerce products, availability of quality products at affordable prices on the internet, rising disposable income of the people, increasing penetration of internet and smartphones around the world, growing sales of consumer electronics and fashion accessories in the online, technological advances in the packaging methods, increasing employment in the logistics services, requirement for secured packaging of pharmaceuticals and electronics, and so on. However, the lack of awareness about the benefits of e-commerce purchases among the geriatric population and people in remote areas is impeding the market growth to some extent.
Global E-commerce Packaging Market Regional Analysis:
Based on the regional analysis, the Asia Pacific region accounts for the dominant share of the global E-commerce Packaging Market owing to the increasing number of people purchasing online and strong penetration of mobile devices with internet capabilities. The presence of major e-commerce merchants and the growing economies of the countries like China, India, and Australia are favouring the market growth in the Asia Pacific.
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Global E-commerce Packaging Market Key Players:
The leading contributors to the global E-commerce Packaging Market are Mondi Group, International Paper Company, Smurfit Kappa Group, DS Smith PLC, Klabin SA, Georgia-Pacific LLC, Nippon Paper Industries Ltd, Rengo Co. Ltd, Amcor Limited, and Sealed Air Corporation.
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