PUBLISHER: DataM Intelligence | PRODUCT CODE: 1247355
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1247355
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The global e-commerce paper packaging market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of XX% over the forecast period (2023-2030).
E-commerce paper packaging refers to using paper-based materials for packaging products sold through online platforms such as websites and mobile apps. This type of packaging is used to protect and transport products during shipping and delivery and includes a wide range of products such as corrugated boxes, paper bags, bubble wraps and others. These products are used for packaging various products, including consumer goods, food and beverages, healthcare, etc.
The rise of e-commerce platforms and the growing popularity of online shopping have led to a significant increase in the demand for e-commerce paper packaging. As online shopping continues to grow, the demand for e-commerce paper packaging is also expected to increase.
Paper-based packaging materials are considered more environmentally friendly than other packaging materials, which drives the demand for e-commerce paper packaging. E-commerce paper packaging is inexpensive and cost-effective, making it an attractive option for e-commerce retailers, driving the demand for e-commerce paper packaging.
As per Asendia, a global e-commerce and retail company, global retail e-commerce sales were estimated to be around 4.9 trillion dollars in 2021. This amount is predicted to increase by 50%, reaching roughly $7.4 trillion by 2025. Therefore, the higher predicted growth in the sales of e-commerce drives the global e-commerce paper packaging market growth.
Consumers are becoming more aware of the environmental impact of packaging materials and are increasingly choosing products that are considered more environmentally friendly. This is driving the demand for e-commerce paper packaging, which is seen as a more sustainable option than other packaging materials. Governments across various economies are introducing regulations and policies to promote sustainability and reduce the environmental impact of packaging materials. This encourages e-commerce retailers to use environmentally friendly packaging materials, such as paper-based packaging, which drives the demand for e-commerce paper packaging.
Companies and retailers are increasingly looking to promote an eco-friendly image and are using environmentally friendly packaging materials, such as e-commerce paper packaging, to do so. This is helping to drive the demand for e-commerce paper packaging. Paper-based packaging materials can be easily recycled, a major advantage over other packaging materials. This feature is driving the demand for e-commerce paper packaging as it can be recycled and used again.
Therefore, the increasing demand for environmentally friendly packaging is driving the growth of the e-commerce paper packaging market as paper-based packaging is seen as more.
The availability of alternative packaging materials, such as bioplastics and biodegradable products, can hamper the growth of the global e-commerce paper packaging market. Alternative packaging materials such as bioplastics and biodegradable products can provide a competitive advantage over e-commerce paper packaging, as they are considered more sustainable and eco-friendly. This can lead to a decrease in demand for e-commerce paper packaging.
Alternative packaging materials may be more expensive than e-commerce paper packaging. Still, as they are considered more sustainable and eco-friendly, they may be more attractive to consumers and retailers, leading to price competition for e-commerce paper packaging manufacturers. Substitute materials such as bioplastics may be more suitable for certain applications, such as perishable packaging goods, which can limit the use of e-commerce paper packaging in these applications.
Furthermore, the availability of alternative packaging materials can hamper the growth of the global e-commerce paper packaging market by increasing competition, leading to price competition and limited applications and being more environmentally friendly, limiting the growth of e-commerce paper packaging.
The pandemic has led to lockdowns and social distancing measures, encouraging many consumers to turn to online shopping, which led to a significant rise in e-commerce sales. As a result, the demand for e-commerce paper packaging has increased. The pandemic has changed consumer behavior, with many people opting for online shopping as a safer alternative to visiting physical stores. This has caused an increase in demand for e-commerce paper packaging. The outbreak has led to disruptions in the supply chain, causing delays and disruptions in the production and delivery of e-commerce paper packaging. COVID-19 has increased demand for protective packaging, as many retailers are looking to protect their products from contamination during shipping and delivery.
Due to the lockdown, more and more customers are opting for home delivery rather than visiting stores, which has led to an increase in demand for e-commerce paper packaging. Therefore, the COVID-19 pandemic has positively impacted the global e-commerce paper packaging market, leading to an increase in e-commerce sales and a change in consumer behavior, increasing the demand for e-commerce paper packaging.
The global E-Commerce Paper Packaging market is segmented based on material, product, end-user and region.
The growth in e-commerce sales has increased demand for protective packaging products to ensure that products are protected during shipping and delivery. As e-commerce sales continue to grow, retailers and consumers are becoming increasingly concerned about the damage that can occur to products during shipping and delivery, increasing the demand for protective packaging products.
Advancements in technology have led to the development of new and improved protective packaging products, such as biodegradable and eco-friendly materials, which are becoming more popular with retailers and consumers. Therefore, the protective packaging product segment is expected to dominate the global e-commerce paper packaging market, driven by the growth in e-commerce sales, rising concerns about product damage, technological advancements, government regulations and the increase in demand for home delivery.
The Asia-Pacific has a strong manufacturing base, supported by the availability of cheap labor, making it more cost-effective for manufacturers to produce e-commerce paper packaging in the region.
The Asia-Pacific has a large domestic market, supported by the growing e-commerce industry and the rapidly growing middle-class population. This creates a large demand for e-commerce paper packaging in the region, attracting manufacturers. Many players in the Asia-Pacific region have a strong distribution network that enables them to reach a larger customer base and expand their market share.
Furthermore, Asia-Pacific accounts for the largest global e-commerce paper packaging market share.
Due to the high demand for e-commerce paper packaging and the increasing focus on sustainability and eco-friendly products, the competition in the market is intense. However, the market is also characterized by many small and medium-sized companies focusing on niche segments or regional markets, particularly in Asia and Europe. In addition to traditional paper packaging, the market is becoming more diversified with the emergence of new materials such as bioplastics and biodegradable products.
As a result, manufacturers and suppliers must continuously innovate and differentiate themselves to remain competitive. This can include investing in new technologies, developing new products and focusing on sustainability and eco-friendly products. The key players in the market are Mondi PLC WestRock, Smurfit Kappa Group, Georgia-Pacific, Stora Enso, DS Smith, Nippon Paper Industries, International Paper, Sealed Air Corporation and Pregis Corporation.
Overview: Mondi PLC is a multinational packaging and paper company headquartered in London, UK. It was founded in 1967 and is listed on the London Stock Exchange and the Johannesburg Stock Exchange. The company operates in more than 30 countries across Europe, Asia and Africa and employs around 26,500 people. Mondi PLC is a leading producer of packaging and paper products, with a wide range of products, including corrugated packaging, consumer goods packaging, industrial bags, release liners and office and professional printing papers.
The company's customers are primarily in the industrial and consumer packaging, construction, printing and writing sectors. The company's business segment includes corrugated, flexible and uncoated fine paper. The company has over 100 production sites worldwide and a strong global presence in North America, Western Europe, Africa and Asia-Pacific.
Key Development: On November 7, 2022, Mondi offered eco-friendly e-commerce packaging solutions to MODIVO SA. The experts at MODIVO and Mondi collaborated to discover the ideal ecological packaging option. A variety of packaging options developed by Mondi in partnership with one of the biggest fashion e-retailers in Europe are specifically suited for online sales. To conserve space and money, fashion products will be transported across Europe using a combination of corrugated boxes and paper-based MailerBAGS.
The global e-commerce paper packaging market report would provide approximately 61 tables, 63 figures and 195 Pages.
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