E-commerce Plastic Packaging Market- Trends, Demand, Outlook And Growth Opportunities 2020-2025
The Global E-commerce Plastic Packaging Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2020-2025. The E-commerce Plastic Packaging Market report is a valuable source of insightful data for business strategists. It offers the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The report explores the current outlook in global and key regions (Asia-Pacific, North America, Europe, Middle-East and Africa, and South America) from the perspective of players, countries (China, India, Japan, South Korea, Rest of Asia-Pacific, United States, Mexico, Canada, Germany, United Kingdom, Italy, France, Rest of Europe, Brazil, Argentina, Rest of South America, Saudi Arabia, South Africa, Rest of Middle-East and Africa, etc.), product types, and end industries. This E-commerce Plastic Packaging Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The e-commerce plastic packaging market was valued at USD 10.26 billion in 2019, and it is expected to reach USD 21.78 billion by 2025, registering a CAGR of 13.6% during the forecast period 2020-2025. The e-commerce industry is exploiting the opportunities in the packaging landscape driven by young demographic profile, with increasing internet penetration and relatively better economic performance in the past few years. Many companies that provide packaging support to e-commerce players are developing and creating new ways for packaging products to be sustainable, which caters to a new trend.
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Competitive Landscape
The E-commerce Plastic Packaging market is moderately competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. Some of the major players of the market Amcor PLC., Pregis LLC, etc. Some of the key recent developments in the market are-
– February 2020- Pregis LLC joined the Circular Economy Flexible Packaging (CEFLEX), a European consortium of companies and associations representing the entire flexible packaging value chain. CEFLEX established a roadmap, and it targets to achieve a circular economy for flexible packaging during 2020-2025.
– January 2020- Sealed Air Corporation, which is the inventor of Bubble Wrap, launched a new version of Bubble Wrap brand packaging material that is made with at least 90% recycled content. Aligned with its sustainability pledge, Sealed Air’s future product developments will also incorporate post-consumer recycled content.
Key Market Trends
Consumer Electronics Accounts for Significant Share
– With the increasing demand for consumer electronics worldwide, the demand for protective plastic packaging is expected to surge in the forecast period.
– Among the specialized plastic packaging systems for consumer electronics and media, shrink packaging, or commonly known as shrink wrapping, and stretch wrapping are very common and widely used. If compared to shrink film and bags, stretch wrapping affords large energy-saving and does not require the availability of fuel. This simplifies the inventory.
– For instance, the Mavic Air 2 drone, which was launched in April 2020, is packaged with a smart controller and a smartphone display in carton boxes that come with protective plastic shrink-wrap, to avoid damage during shipping.
– Further, several cellphones are packed and shipped using plastic material. Although several manufacturers are drifting toward sustainable packaging options, the role of plastic films and wraps to package boxes is growing. ?For instance, although the packaging for iPhone X is highly recyclable, and 100% of the fiber in its retail box is either from recycled content, like bamboo, waste sugarcane, or responsibly managed forests, it comes with a plastic film for barrier protection and matte finish.
– Further, when it comes to efficient packaging, plastics often enable manufacturers to ship more products with less packaging material. This process of light-weighting can play an essential role in boosting the environmental and economic efficiency of consumer product packaging. For instance, Kingston’s HyperX Savage EXO, launched in 2019, comes packaged between layers of clear blister-pack inserted in the box. The plastic, screwless, and slate-gray case protects the drive’s internals.
– Furthermore, EPS (expanded polystyrene) foam is widely used to protect and save electronic products during shipping. It has several properties, like durability, recyclability, and being lightweight. The products mostly used for packaging include television, bulb, and other electrical appliances.
– Moreover, according to the Consumer Technology Association, retail revenue from consumer electronics/technology sales in the United States, in 2019, was USD 406 million. The sales are expected to reach USD 422 million by the end of FY 2020. With the increasing demand for consumer electronics, the demand for plastic packaging, especially air pillows and bubble packaging is significantly rising in the United States.
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global E-commerce Plastic Packaging Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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