A Look into The Retail E-commerce Packaging Market
Retail e-commerce packaging involves packaging products such as protective packaging (bubble wraps, air pillows, and loose fill peanuts), boxes (corrugated and folding cartons), labels, tapes etc. These products are typically used as secondary packaging to protect the packaged contents from damage during transportation activities.
E-commerce sector has been expanding at an alarming rate. The latest trend of cross border online shopping particularly in emerging regional markets, availability of various products, increasing demand for specialized and novel products have boosted the cross border online shopping and hence the overall e-commerce market which in turn has pushed the demand for retail e-commerce packaging. New packaging designs have been developed with a view to cater individual demands of the population keeping in mind various environmental concerns. This has contributed to the growth of the global retail e-commerce packaging market. The analytical research study on global retail e-commerce packaging market by Future Market Insights has covered various market scenarios adhering to retail e-commerce packaging adoption and growth. The research study includes analysis on various parameters and their changing dynamics across key regions in the globe thus presenting a holistic view of the global retail e-commerce packaging market. According to Future Market Insights (futuremarketinsights.com), the global retail e-commerce packaging market is projected to expand at a steady CAGR. In 2017, the global market is valued at more than US$13 billion is estimated to reach a valuation of around US$21.4 billion by the end of the year of assessment (2026).
Boxes segment in the product type category is valued at a higher estimation than other product type segments. This segment dominated the global market since past years. However, protective packaging segment is anticipated to grow at a higher rate and is poised to lead the global market in the years to come. The protective packaging segment is expected to reach a valuation higher than boxes segment by the end of the year of assessment growing at a high CAGR of 6.3% throughout the period of forecast. The labels segment has also showcased higher adoption and is projected to rise at a significant growth rate during the said period.
Third party fulfilment and logistics companies segment is highly lucrative and the largest segment. It is predicted to grow at a moderate growth rate during the period of assessment and is estimated to reach a market valuation of more than US$14 billion by the end of the year of assessment (2026). The third-party fulfilment and logistics companies segment led the global market in 2017 and is likely to continue with this trend throughout the forecast period. On the other hand, the specialty retailers is the fastest growing segment reflecting a high CAGR of 6.6% throughout the period of assessment.