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E-commerce Packaging Market to Expand at 8.3% CAGR over 2023 to 2030; Mondi Entered Collaboration with MODIVO to Develop New Products

October 12, 2023 | Packaging

The global e-commerce packaging market size stood at USD 46.50 billion in 2022. The market value is slated to rise from USD 49.74 billion in 2023 to USD 86.93 billion by 2030 at a CAGR of 8.3% during 2023-2030. Fortune Business Insights™ presents this information in its report titled “E-commerce Packaging Market Size, Share & COVID-19 Impact Analysis, By Material (Paper & Paperboard, Plastic, Glass, and Others), By Packaging Type (Flexible {Bags & Pouches, Tapes, Wraps & Films, Mailers, and Others}, Rigid {Corrugated Boxes, Bottles, Cartons, Hinged & Lidded Containers, Trays, and Others}), By End-User (Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, Electronics & Electricals, Apparels & Accessories, Consumer Goods, and Others), and Regional Forecasts, 2023-2030”.


The surging preference for online product purchases is driving the e-commerce packaging sector’s growth. This rise is favored by an upsurge in disposable income, changes in consumer behavior, and a rising working population.


Rise in Market Share Driven by Upsurge in Consumer Essentials’ Sales amid COVID-19 Pandemic


The coronavirus pandemic recorded an increase in the online sales of fresh produce, groceries, and consumer essentials. The market growth was propelled by the increased demand for personal care products due to the rising significance of maintaining hygiene.


Mondi Partnered with MODIVO to Develop MailerBAGS


In November 2022, Mondi inked a partnership with MODIVO to develop a series of packaging solutions catering to e-commerce requirements. MailerBAGS, developed under the deal, would be used for transporting fashion products across Europe. The solution would be a combination of paper and corrugated boxes.


Rising Online Shopping Demand to Favor Industry Growth


One of the key factors boosting the e-commerce packaging market growth is the escalated demand for packaged food and the growing preference for online shopping. The industry expansion is further fueled by the escalating demand for sustainable packaging solutions across manufacturers and the value chain.


However, the market expansion may be hampered by the lack of trust in online platforms and limited internet access among the rural population.


Major Companies Launch New Products to Gain Competitive Edge


Leading companies in the e-commerce packaging sector implement a series of strategies to strengthen their industry footholds. These strategies comprise research activities, collaborations, acquisitions, the development of new e-commerce packaging products, and the formation of alliances.


List of Key Players Profiled in the Report:



  • Amcor plc (Switzerland)

  • Mondi Group (U.K.)

  • International Paper Company (U.S.)

  • Smurfit Kappa (Ireland)

  • DS Smith (London)

  • Klabin S.A (Brazil)

  • Georgia-Pacific LLC (U.S.)

  • Rengo Co., Ltd. (Japan)

  • Orora Packaging Australia Pty Ltd. (Australia)

  • Berry Global (U.S.)

  • Sealed Air (U.S.)

  • Transcontinental Inc. (Canada)


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/e-commerce-packaging-market-104885


Notable Industry Development



  • September 2022 – Amcor announced a USD 45 million investment in ePac Flexible Packaging. The move would help enhance the company’s shareholding in ePac.


Further Report Findings



  • North America holds a dominant e-commerce packaging market share. The regional market is set to expand at a considerable CAGR over the projected period. The expansion can be credited to the escalating demand for consumer electronic products.

  • Europe is anticipated to exhibit substantial growth over the analysis period. The growing product sales drive the rise through e-commerce in the region.

  • Based on material, the market is segregated into paper & paperboard, glass, plastic, and others. Among these, the paper & paperboard segment accounts for a major share and is anticipated to exhibit appreciable expansion over the study period.

  • By packaging type, the market is bifurcated into rigid and flexible. The rigid packaging segment is anticipated to record remarkable growth over the estimated period.


Table of Segmentation























































ATTRIBUTE



DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 8.3% from 2023 to 2030



Unit



Value (USD Billion)



Segmentation



By Material, Packaging Type, End-User, and Regio



Segmentation



By Material



  • Paper & Paperboard

  • Plastic

  • Glass

  • Others



By Packaging Type



  • Flexible

    • Bags & Pouches

    • Tapes

    • Wraps and Films

    • Mailers

    • Others



  • Rigid

    • Corrugated Boxes

    • Bottles

    • Cartons

    • Hinged & Lidded Containers

    • Trays

    • Others





By End User



  • Food & Beverages

  • Pharmaceuticals

  • Personal Care & Cosmetics

  • Electronics & Electricals

  • Apparel and Accessories

  • Consumer Goods

  • Others



By Region



  • North America (By Material, Packaging Type, End-User, and Country)

    • U.S. (By Material)

    • Canada (By Material)



  • Europe (By Material, Packaging Type, End-User, and Country)

    • Germany (By Material)

    • France (By Material)

    • U.K. (By Material)

    • Italy (By Material)

    • Spain (By Material)

    • Russia (By Material)

    • Rest of Europe (By Material)



  • Asia Pacific (By Material, Packaging Type, End-User, and Country)

    • China (By Material)

    • India (By Material)

    • Japan (By Material)

    • Australia (By Material)

    • Southeast Asia (By Material)

    • Rest of Asia Pacific (By Material)



  • Latin America (By Material, Packaging Type, End-User, and Country)

    • Brazil (By Material)

    • Mexico (By Material)

    • Rest of Latin America (By Material)



  • The Middle East & Africa (By Material, Packaging Type, End-User, and Country)

    • GCC (By Material)

    • South Africa (By Material)

    • Rest of the Middle East & Africa (By Material)




Global E-commerce Packaging Market
  • PDF
  • 2023
  • 2019-2022
  • 253

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