E-commerce Packaging Market (EPM) in APAC 2017-2021
About E-commerce Packaging
E-commerce packaging involves the use of materials for safe packaging of products sold by the e-commerce industry. E-commerce packaging plays a vital role in the consumers' perception about the e-retailer. It also indicates the perceived value of the item received. Packaging reflects the value of shipment in the e-commerce supply chain, that is, better the packaging, better the product inside it.
Technavio’s analysts forecast the e-commerce packaging market in APAC to grow at a CAGR of 6.97% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the e-commerce packaging market in APAC for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.Technavio's report, E-commerce Packaging Market in APAC 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – E-commerce Packaging Market in APAC 2017-2021
Technavio recognizes the following companies as the key players in the e-commerce packaging market in APAC: Amcor, International Paper, Mondi, Rengo, and WestRock.
Other Prominent Vendors in the market are: Charapak, Lil Packaging, Commonwealth Packaging, Total Pack, Mitsubishi Plastics, and DS Smith.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is need for sustainability and technological innovations. Corrugated boxes are considered an environment-friendly and sustainable form of packaging compared with other forms of packaging, such as plastics. More than 70% of the total corrugated boxes are used in delivering e-commerce products.”
According to the report, one driver in the market is increase in adoption of convenient packaging. Customer convenience has become a priority for most vendors in the e-commerce packaging market. About 30% of the renowned packaging companies are focusing on evolving new packaging designs and using eco-friendly materials for ensuring sustainable packaging concepts. Besides, many packaging companies are planning to devise innovative products.
Further, the report states that one challenge in the market is change in e-commerce industry preference and demand. E-commerce companies constantly change their packaging designs and labeling as per the demand from customers. These changes in pack design and labeling are a key differentiating factor for the sale of products. During the recent years, customers have become aware of the contents of products and the labeling. Hence, companies need to focus on the labeling as well.
Amcor, International Paper, Mondi, Rengo, WestRock, Charapak, Lil Packaging, Commonwealth Packaging, Total Pack, Mitsubishi Plastics, and DS Smith.