E-commerce Plastic Packaging Market worth USD 64.7 billion by 2030

The Market Statsville Group (MSG) publishes the new report on the "E-commerce Plastic Packaging Market by Product Type (Pouches and Bags, Protective Packaging (Air Pillows, Bubble Packaging, and Other Protective Packaging Products), Shrink Films, and Other Product Types (Labels and Tapes)), by end-users (Food and Beverage, Personal Care Products, Consumer Electronics and Media, Fashion and Apparel, Home Care and Furnishing, and Other End-user Industries), by Region – Global Share and Forecast to 2030". The global e-commerce plastic packaging market had a market of USD 18.2 billion in 2021. It is estimated to reach USD 64.7 billion by 2030, at a growth rate of 17.2% during the forecast period. The market is witnessing increasing biodegradable plastic packaging as they can break down in sunlight and are often made of plant by-products rather than petroleum. While it is not cost-effective or long-lasting as regular plastic, biodegradable plastic can significantly reduce the waste created by the packaging. Countries such as China, one of the largest producers of plastic waste, introduced bans in 2020 on several types of non-degradable single-use plastics, prompting manufacturers to ramp up the production of biodegradable versions.

Global E-commerce Plastic Packaging Market Segmentation

The e-commerce plastic packaging market has been segmented into product type, end-users, and region.

By Product Type Outlook (Sales, USD Million, 2017-2030)

• Pouches and Bags
• Protective Packaging
  • Air Pillows
  • Bubble Packaging
  • Other Protective Packaging Products
• Shrink Films
• Other Product Types
  • Labels
  • Tapes

By end-users Outlook (Sales, USD Million, 2017-2030)

• Consumer Electronics and Media
• Food and Beverage
• Personal Care Products
• Fashion and Apparel
• Home Care and Furnishing
• Other End-user Industries

By Region Outlook (Sales, USD Million, 2017-2030)

• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
• The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

Consumer Electronics and Media, by end-users, is estimated to hold the largest market share during the forecast period

Based on end-users, the global e-commerce plastic packaging market is segregated into consumer electronics and media, personal care products, fashion and apparel, food and beverage, home care and furnishing, and other end-user industries. The consumer electronics and media segment generated the highest revenue of 26.2% of the total global e-commerce plastic packaging market in 2021. It is projected to register a significant CAGR of 17.5% from 2022 to 2030. Protective packaging items, such as air pillows, air bubble wraps, and other inflatable packaging products, which can protect consumer electronics, are becoming popular among manufacturers for packaging consumer electronics. These packaging options are anticipated to meet the needs of all electronic segments in the future. Small consumer goods are well-suited to blister packaging. This form of plastic packaging draws attention to the goods and provides some tamper resistance while remaining simple to open. Cell phones are usually packed and dispatched using plastic material. However, many manufacturers are shifting towards sustainable packaging options.

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The Asia Pacific accounts for the largest market share in the e-commerce plastic packaging market in 2021

Based on the regions, the global e-commerce plastic packaging market has segmented North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, Asia Pacific accounted for the highest market share of 48.1% in the global e-commerce plastic packaging market and was anticipated to maintain its dominance throughout the forecast period. Major countries in the Asia Pacific region are China, India, Japan, and the Rest of Asia Pacific. China had the largest market revenue share of 52.2% in the Asia Pacific, whereas India is the fastest-growing region with a CAGR of 19.5% during the forecast period.

North America had the second-largest market revenue share of 25.8% in 2021. Due to the events of 2020, there is a surge in e-commerce sales worldwide, with no signs of slowing down in the medium term. Countries like the United States and Canada have witnessed one of the highest growth in online purchases, which is why international brands see the United States as a business center. Moreover, as e-commerce orders continue to increase, the overall collection volume from recycling programs in the United States is expected to grow. The United States’ largest trash collector, Waste Management Inc . has responded to this new development by opening new regional plants in Chicago and Salt Lake City to help efficiently process recycled materials. They also plan to open a plant in Raleigh, NC, to take advantage of the significant increase in mixed paper value.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the e-commerce plastic packaging market. It also consists of leading companies such as Amcor PLC, Sonoco Products Company, Storopack Hans Reichenecker GmbH, Berry Global Inc., Huhtamäki Oyj, Pregis LLC, Sealed Air Corporation, CCL Industries Inc., Clondalkin Flexible Packaging, and ProAmpac LLC.

Browse complete report: https://www.marketstatsville.com/e-commerce-plastic-packaging-market

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