About the e-Commerce Packaging Market
Packaging plays a crucial role in the e-commerce market, as it not only ensures the safe delivery of products but also help in creating a brand image. Damaged products when received creates a wrong perception about the retailer or the company rather than the brand image of the logistic provider. Most of the companies use corrugated boxes for the delivery of products. Around 70% of the corrugated boxes around the world are used by e-commerce vendors. Other materials such as polybags, wood, and metal cases are gaining popularity in the forecast period, owing to the increased demand for premium packaging.
Technavio’s analysts forecast the global e-commerce packaging market to grow at a CAGR of 5.24% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global e-commerce packaging market for 2016-2020. To calculate the market size, this report covers revenue generated by vendors providing e-commerce packaging.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global e-Commerce Packaging Market 2016-2020
Technavio recognizes the following companies as the key players in the global e-commerce packaging market: DS Smith, Dynaflex, Georgia-Pacific, International Paper, and Mondi.
Other Prominent Vendors in the market are: Arihant packaging, Charapak, Commonwealth Packaging, Fencor packaging, Lil Packaging, Linpac Packaging, Pioneer Packaging, Sealed Air, Shorr packaging, Smart Karton, Total Pack, and Zepo.
Commenting on the report, an analyst from Technavio’s team said: “A trend which is boosting market growth is the increased demand for premium packaging. Premium packaging is the basic indication of the high quality of the product inside; hence, consumers look for products with premium packs. Vendors use expensive ingredients, technologies, colors, and other raw materials to develop premium packs. Many consumers also buy these products as gifts, thereby driving the demand for premium packaging in the market.”
According to the report, a key growth driver is the increased use of e-commerce. The growing e-commerce market, which primarily includes online shopping, has witnessed an increase in demand for corrugated boxes for shipment of the products sold through them. The ease of online shopping has made many customers switch from the traditional method of shopping. Online retailers use different types of corrugated boxes packaging according to the product transported. These boxes ensure the safety of the products transported in them. In addition, effective packaging is becoming one of the key business requirements in the e-commerce marketplace, thus fueling the growth of the market.
Further, the report states that one challenge that could derail market growth is product damage. Packaging plays an essential role in establishing the brand name of the retailer. Retailers are trying their best to provide better and innovative packaging solution to the consumer, but once the product leaves the retailers' facility, it’s the responsibility of the logistic company to deliver the products in the desired form.
DS Smith, Dynaflex, Georgia-Pacific, International Paper, Mondi, Arihant packaging, Charapak, Commonwealth Packaging, Fencor packaging, Lil Packaging, Linpac Packaging, Pioneer Packaging, Sealed Air, Shorr packaging, Smart Karton, Total Pack, Zepo.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook