E-Commerce Packaging Market Set to Hit $111.9 Billion by 2028, at a CAGR of 10.0%

October 10 10:51 2023
E-Commerce Packaging Market Set to Hit $111.9 Billion by 2028, at a CAGR of 10.0%
Browse 250 market data Tables and 50 Figures spread through 272 Pages and in-depth TOC on “E-Commerce Packaging Market”
E-Commerce Packaging Market by Material (Corrugated Boards, Paper & Paperboards, Plastics), Product Type (Boxes, Mailers, Tapes, Protective Packaging, Labels), Application (Electronics, Food & Beverages, Fashion, Cosmetics), & Region

The global E-Commerce packaging market is approximated to be USD 69.3 billion in 2023, and it is projected to reach USD 111.9 billion by 2028 at a CAGR of 10.0%. E-commerce packaging is the method businesses use to protect their goods while they travel from the warehouse to the client. E-Commerce packaging serves multiple purposes, including product protection, brand identity establishment, and cost control in shipping. It is the packaging used to encase products during their journey from the warehouse to the customer. Designed to be travel-friendly, e -commerce packaging acts as a protective barrier, safeguarding the product from potential damage. By focusing on effective packaging, businesses can enhance the customer experience while also improving their profitability.

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The demand for E-Commerce packaging is furnished by global players manufacturing for various end-use sectors. Some of the leading companies involved in the manufacturing of E-Commerce packaging are International Paper (US), Amcor Limited (Australia), Mondi Group (UK), DS Smith (UK), Smurfit Kappa Group (Ireland). These companies, along with other regional companies, cater to the demand for E-Commerce packaging products globally.

International Paper is a renowned global leader in the paper and packaging industry, serving diverse markets with a wide range of sustainable fiber-based products. The company was founded in 1898. It offers solutions such as containerboard, corrugated packaging, bulk packaging, coated papers, pulp, etc. International Paper is committed to sustainability and responsible sourcing, focusing on energy efficiency and waste reduction. The company serves different end-use industries like E-Commerce, food & beverage, grocery & retail, manufacturing, personal care, and shipping.

Amcor Limited, founded in 1860 and headquartered in Melbourne, Australia, is a global leader in packaging solutions. With operations in over 43 countries and approximately 44,000 employees, Amcor serves a wide range of industries, including food and beverage, E-Commerce, healthcare, personal care, and more. The company specializes in developing innovative and sustainable packaging solutions, including flexible and rigid packaging, to meet the evolving needs of customers worldwide. Amcor’s commitment to sustainability is reflected in its efforts to reduce environmental impact and promote circular economy practices throughout its operations and product lifecycle.

Mondi Group, founded in 1967 and headquartered in Weybridge, United Kingdom, is a global leader in packaging and paper solutions. With around 22,000 employees across more than 30 countries, Mondi delivers innovative and sustainable packaging solutions for various industries, including consumer goods, E-Commerce, and industrial sectors. The company’s extensive product portfolio includes corrugated packaging, flexible packaging, and specialty papers designed to meet the specific needs of customers worldwide. Mondi is committed to driving sustainability throughout its operations, focusing on responsible sourcing, reducing environmental impact, and promoting circular economy principles.

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Other companies have initiated the following developments:

  • In August 2022, Amcor Limited opened an innovation center in China. The new center contributes work on packaging technology and more environmentally friendly material science to the Asia Pacific.
  • In August 2021, Amcor Limited announced to open two innovation centers in China and Belgium to provide innovative packaging solutions to the customers of Europe and Asia Pacific regions.
  • In August 2022, Mondi Group and easy2cool collaborated to bring a fresh perspective to the eCommerce market. They are introducing an alternative insulation packaging solution that aims to eliminate unnecessary plastic usage.
  • In March 2022, Mondi Group made an investment of USD 315 million (280 million euros) in corrugated packaging. This investment is strategically aimed at meeting the increasing market demand for sustainable packaging solutions across the FMCG, E-Commerce, and industrial sectors.
  • In June 2023, DS Smith introduced DD Wrap packaging.  This is created for the circular economy for resource and waste reduction.
  • In June 2023, DS Smith made a multi-million investment to expand its Cartogal packaging plant in Spain.

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