Global Retail E-commerce Packaging Market Set to Reach US$ 28.7 Billion by 2033, Fueled by Logistics Optimization and Rise of Direct-to-Consumer Brands

 

The global retail e-commerce packaging market is poised for substantial growth, with an expected value of US$ 17.6 billion in 2023. Driven by logistics and supply chain optimization, the market is projected to grow at a compound annual growth rate (CAGR) of 5.0% between 2023 and 2033, totaling around US$ 28.7 billion by 2033.

Key Market Trends:

• Rise of Direct-to-Consumer (D2C) Brands: The rise of direct-to-consumer (D2C) brands is transforming the retail industry by revolutionizing the way products are brought to market. These brands bypass traditional intermediaries and sell their products directly to consumers through online channels, leveraging e-commerce platforms and their own websites.
• Emphasis on Customer Experience: D2C brands prioritize delivering an exceptional customer experience. They invest in every touchpoint of the customer journey, including packaging, as it plays a vital role in creating a strong connection with customers and building brand loyalty.

Market Drivers:

1. Logistics and Supply Chain Optimization: The retail e-commerce packaging market is bolstered by logistics and supply chain optimization efforts, aimed at streamlining operations and reducing costs associated with packaging, storage, and transportation.
2. Advantages of Direct-to-Consumer Model: The direct-to-consumer model offers several advantages, including increased control over the customer experience, access to valuable customer data, and the ability to establish a direct relationship with consumers, driving the demand for retail e-commerce packaging solutions.

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Increased Online Shopping Fuels Demand:

The exponential growth of online shopping is significantly impacting the retail e-commerce packaging market. The rising volume of online orders necessitates efficient and reliable packaging solutions that protect products throughout transit. Retailers are focusing on streamlining the packaging process and optimizing materials to improve operational efficiency and meet customer demand for fast fulfillment.

Sustainable Innovation at the Forefront:

Advancements in packaging technology are driving the development of lightweight, high-strength, and eco-friendly options. Bio-based plastics, compostable films, and recyclable materials are gaining traction as consumers prioritize sustainability. Additionally, computer-aided design and digital printing technologies are enabling intricate designs, vibrant colors, and customization, allowing retailers to differentiate their brands further.

Growth Opportunities Abound:

The increasing popularity of D2C brands is expected to create lucrative opportunities in the near future. Furthermore, the integration of augmented reality (AR) into packaging solutions is anticipated to enhance customer engagement and drive market growth.

Regional Growth Dynamics:

• The United States:  Leading the global market, the US is expected to generate an incremental opportunity of US$ 645 million by 2033, driven by its booming e-commerce sector.
• Mexico:  With a projected 1.4x market value increase by 2033, Mexico is poised for significant growth due to its rapidly expanding e-commerce sector.

The Future of Retail E-Commerce Packaging:

The retail e-commerce packaging market is on a steady growth trajectory, fueled by the increasing adoption of e-commerce, innovative D2C strategies, and advancements in sustainable packaging technology. As retailers prioritize efficiency, sustainability, and brand differentiation, the future of retail e-commerce packaging looks bright.

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Competitive Landscape

Amcor Ltd., in March 2019, acquired shares of its counterpart ‘Bernis’. The development was to join two robust competitors, so as to create a greater value for employees, shareholders, environment, and customers.

JD.com, in October 2018, launched its noble initiative regarding reusable packaging. This does render e-Commerce market as well as environment all the eco-friendlier. The consumers could receive the medium-size packages for every product.

DS Smith plc, in August 2021, did announce launching 100% recyclable e-Commerce packaging that would be helping it to make a beeline toward glamorous appearance in online retail with 0% plastic refilling and a completely corrugated cardboard.

Mondi plc, in June 2021, did announce expanding its range of plastic-free e-Commerce packaging. It thus extended its offerings of MailerBAG (comprising sustainable paper solutions).

“With increasing preference for e-shopping, the global retail e-Commerce packaging market is bound to grow graciously in the forecast period”, says an analyst from Future Market Insights.

What does the Report Cover?

The research study is based on product type (protective packaging, boxes, mailers, labels, tape, and others (shrink & stretch films, bags & pouches, and likewise)), by merchandise type (consumer electronics, fashion (clothing, footwear, and likewise), home furnishings, health, personal care & beauty, recreation goods, multimedia & software, food & beverages, homecare, and likewise (books, automotive products, gifts), and by market type (third party fulfilment & logistics companies, brick & mortar retailers, specialty retailers, and likewise).

With e-Commerce vertical growing by leaps and bounds, the global retail e-Commerce packaging market is bound to substantiate in the upcoming period.

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Key Segments Profiled In the Global Retail E-Commerce Packaging Industry

By Product Type:

• Protective Packaging
• Boxes
• Mailers
• Labels
• Tape
• Others (Shrink & Stretch Films, Bags & Pouches, etc.)

By Merchandise Type:

• Consumer Electronics
• Fashion (Clothing, Footware, etc.)
• Home Furnishings
• Health, Personal Care & Beauty
• Recreation Goods
• Multimedia & Software
• Food & Beverages
• Homecare
• Others (Books, Automotive Products, Gifts)

By Market Type:

• Third Party Fulfillment & Logistics Companies
• Brick & Mortar Retailers
• Specialty Retailers
• Others

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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