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The e-commerce packaging market is gaining traction across various regions. The growth can be attributed to the availability of new avenues for the adoption of circular strategies attracting a new generation of environmentally conscious customers. According to Fortune Business Insights, the global market size of e-commerce packaging was USD 43.10 billion in 2021. The market is anticipated to grow from USD 45.21 billion in 2022 to USD 66.51 billion by 2029, exhibiting a CAGR of 5.7% over 2022 to 2029.
The industry expansion is driven by emerging trends in government policies. These trends are expected to help in waste reduction. For instance, over the last few years, numerous Canadian provinces have been transitioning into the extended producer responsibility (EPR) model, impelling the growth for the e-commerce packaging market.
According to experts, e-commerce provides the hidden benefit of shelf-style, elaborate packaging. However, this could be outweighed by the continuous usage of non-recyclable materials in interior packaging and delivery containers. Furthermore, the COVID-19 pandemic gave companies and consumers the opportunity to look at human consumption patterns. This propelled the demand for smart design systems that deploy fewer resources for getting the same performance.
Mentioned below are the best e-commerce packaging companies present in the market. These participants are focused on the adoption of a range of strategic initiatives for the consolidation of their market position. These steps comprise an increase in merger agreements, acquisitions, and the launch of new e-commerce packaging products.
Some of the additional initiatives comprise an increase in research activities:
Renowned for making reusable, light-weighted, and prepared packaging by deploying recycled content, Amcor plc has more than 230 sites at the global level and a presence in 40 countries. The company is a leading manufacturer of specialty folding cartons and flexible packaging.
In September 2022, Amcor hit the headlines for its strategic investment in ePac Flexible Packaging. The USD 45 million worth investment will enhance Amcor’s shareholding in ePac Holdings.
Mondi Group is known for the production of pulp, paper, and films for the manufacturing and development of effective consumer packaging and industrial solutions. The company is the global leader in the paper and packaging sector.
Mondi made big news in November 2022 for offering sustainable e-commerce solutions to MODIVO SA. The partnership was aimed at creating a collaboration with the largest fashion e-retailers in Europe for the creation of a range of packaging solutions.
International Paper Company is known for developing packaging products that promote and protect goods. In October 2022, International Paper developed a new space-saving packaging process, dubbed eCommerce Box Optimization Service. The solution enabled the analysis of a customer’s shipment history, recommending an ideal box suite based on the product mix of the customer.
Smurfit Kappa provides a packaging solutions portfolio, constantly updated with market-leading, new innovations. The company is known for the production of corrugated packaging, containerboard, and others. In October 2022, the company made it to the headlines for creating a one-color flexo print onto a brown material. The result was printed die-cut e-commerce boxes that created a memorable unboxing experience, decreased product damage, and escalated brand awareness.
DS Smith is one of the best e-commerce packaging companies offering paper products, sustainable packaging solutions, and recycling services. Lately, the organization experienced rapid upsurge via the acquisition of businesses across North America and Europe. In August 2022, DS Smith entered a collaboration with Krones for the development of an alternative solution for shrinking wrap on PET bottle multipacks, dubbed the ECO Carrier.
Rengo Co., Ltd. produces paperboard and corrugated stock and containers. In addition, the company is known for the production of a range of containers including printed packaging for consumer goods, decorative gift boxes, and essential corrugated boxes. In September 2022, the company developed cushioning envelopes made from an automated packaging system, corrugated board, and RENCUSHION PACK for the purpose of e-commerce packaging.
Georgia-Pacific LLC is one of the greatest producers of corrugated and containerboard packaging. The company is known for providing cost-effective solutions for any product. In April 2022, Georgia-Pacific hit the headlines for opening new units in Jonestown, Pennsylvania, and McDonough, Georgia, for the production of a recyclable, innovative paper-padded mailer. The mailers provide protection in a lightweight and flexible design, that helps shippers in saving money on freight.
The company’s widely recognized portfolio comprised bubble wrap protective packaging and Cryovac food packaging. These solutions enable a more efficient and safer food supply chain. In April 2022, Sealed Air launched Prismiz, a digital brand with an excellent portfolio of smart packaging, digital packaging, and design services.
Based in Evansville, Indiana, Berry Global, Inc., has more than 300+ facilities and over 47,000+ employees. The company is a global manufacturer & marketer of plastic packaging products. In May 2022, the company launched a recyclable dispenser for e-commerce applications that can handle products with various viscosities.
TC Transcontinental is a global packaging leader, mainly in Canada, Latin America, and the U.S. The company is known as the largest printer in Canada. For more than 45 years, the company’s story has been one of the transformative and innovative forms for meeting the evolving needs of customers. In January 2019, TC Transcontinental Packaging rolled out 100% recyclable stand-up pouches in collaboration with Harney & Sons. The pouch brings an innovative product to the industry while protecting the freshness and flavor of the product.
In the years to come, e-commerce packaging demand is expected to register substantial growth over the forecast period. Additional factors favoring industry expansion is the soaring product demand, increasing disposable income, and a growing number of online sales channels. Some of the other aspects impelling market expansion comprise at-home delivery, combined packages, discount rates, and others. Such factors are set to offer market opportunities for the best e-commerce packaging market.
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