Global retail e-commerce packaging market to scale $21,669.7 million from 2018-2023

The global retail e-commerce market has been seeing exponential growth over the last few years, thanks to the burgeoning Internet penetration which resulted in the growth of online shipping, says exlusivereportage.com report. Out of this, the consumer electronics is widely used segment of the electronics industry and it includes products intended for everyday use most often in entertainment and communications. Furthermore, apparel and accessories have become the key focus of all the e-commerce players and are likely to grow exponentially.Market Research AnalysisBased on material, protective packaging segment dominate the global retail e-commerce packaging market with the share of 34.8% in 2015. It is expected to grow at 6.52% CAGR during the forecast period. Based on application, electronics and consumer accounted for the largest market share of 20.6% in 2015. It is expected to grow at a CAGR of 6.15% during the forecast period. Based on region, Asia-Pacific accounted for the largest share of 33.4% in 2015. Factors such as growing demand for packaged food and surge in an electronic sector is driving the market in the region. While Europe accounted for the second largest share, nevertheless it is projected to grow at a CAGR of 5.59%.Key PlayersThe key players in the global retail e-commerce packaging market are International Paper Company (U.S.), Mondi Group (South Africa), DS Smith Plc. (U.K.), Packaging Corporation of America. (U.S.), Rengo Co. Ltd. (Japan), Klabin S.A. (Brazil), Nippon Paper Industries Co. Ltd (Japan), Georgia-Pacific LLC (U.S.), Orora Packaging Australia Pty Ltd. (Australia), and Smurfit Kappa Group (Ireland).Global Retail E-commerce Packaging Market Information Report by Material (Corrugated Boxes, Protective packaging, Security envelopes, Tapes & labels, and others), by Application (Electronics & Consumer goods, Apparel & Accessories, Home furnishing, Auto Parts, Food & Beverages, Healthcare & Personal care, and others) and by Region - Global Forecast To 2023

Market ScenarioPackaging is the process of enclosing the product for sale, storage or distribution. The latest development in the e-commerce market is cross-border online shopping. It has revolutionized the shopping experience due to its attractive offers and desired product availability.The global retail e-commerce packaging market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of the retail e-commerce packaging market is influenced by the increase in online shopping, growing demand for packaged food, and rapid growth in the electronics sector. Government regulations for corrugated packaging and the rising concern for environmental safety hinder the growth of the global retail e-commerce packaging market.The continuous increase in the online shopping market is fuelling the overall growth of the retail e-commerce packaging market. The ease of online shopping such as faster delivery, easier return policies, and free shipping, have made many customers switch from the traditional method of shopping. Amazon (U.S.) is leading the market with total revenue of $ 107,006 million, as compared to eBay (U.S.) with total revenue of $ 8,592 million in 2015.The packaged food market is expected to grow due to the rise in demand for packaged foods and beverages, and frozen foods. The increase in consumer income in countries such as China, India, and Brazil, has led to a growth in demand for good-quality packaged food. Also, the rise in population in many countries has led to an increase in food & beverage consumption, ultimately leading to the increase in packaged food products.Consumer electronics is the top-selling category in e-commerce, today due to increase in the number of online electronics models. The electronics sector is continuously evolving with new developments. According to REED Electronic Research, a leading market information provider in the global electronics industry, in 2015, China has accounted for 38% of electronics equipment production in the global market. This has induced the growth of e-commerce packaging market.The retail e-commerce packaging market has been segmented based on material and application. On the basis of material, Protective packaging accounted for the largest market share of 34.80% in 2015 and is projected to grow at the highest CAGR. Protective packaging is used to protect the goods from vibration or shock damage, atmospheric factors, transit & handling hazards etc. Based on application, electronics and consumer goods segment dominate the global retail e-commerce packaging market and is projected to grow at the highest CAGR during the forecast period. The consumer electronics is the widely used segment of the electronics industry. It includes products intended for everyday use most often in entertainment and communications.The Asia Pacific has emerged as the world’s largest e-commerce hub. Asia-Pacific has witnessed a rapid growth in retail e-commerce due to rising middle class in China, India, and Indonesia, and also the increase in popularity of mobile gadgets. China alone accounts for 40% of the world’s retail e-commerce sales in recent years. In China, the electronics and appliance retailers dominate the market. The domestic manufacturer is accounting for the increase in the share of consumer electronics due to growing brand reputation and improved technology. E-commerce in India has transformed the working style of retail business. The growth of e-commerce industry in India is majorly due to increasing in internet usage and Smartphone penetration in metro cities as well as tier two & tier three cities.