DUBLIN--(BUSINESS WIRE)--The "E-commerce Plastic Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The global e-commerce plastic packaging market was valued at USD 10.26 billion in 2020, and it is expected to reach USD 21.78 billion by 2026, registering a CAGR of 13.6% during 2021-2026.
Companies Mentioned
- Amcor PLC
- Pregis LLC
- Sealed Air Corporation
- Sonoco Products Company
- Storopack Hans Reichenecker GmbH
- Berry Global Inc.
- Huhtamaki Oyj
- CCL Industries Inc.
- Clondalkin Flexible Packaging
Key Market Trends
Consumer Electronics and Media to Hold Significant Market Share
- 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 around the world, 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. 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.
- 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. Also, blister packaging is ideal for small consumer electronic goods. This type of plastic packaging highlights electronic accessories and provides a degree of tamper resistance, while still being convenient and easy to open. These characteristics are helping drive the market growth.
United States to Witness Significant Market Growth
- In the United States, e-commerce continues to grow at a dramatic pace, putting pressure on traditional retail. Consumers spent USD 601.75 billion online with US merchants in 2019, up by 14.9% from USD 523.64 billion the prior year, according to the US Department of Commerce quarterly e-commerce figures. That was a relatively higher growth rate than 2018 when online sales reported by the Commerce Department rose 13.6% Y-o-Y. Also, sales of consumer-packaged goods, long confined to traditional retail channels, are exploding online, with growth rates, in many cases, in excess of 50% Y-o-Y.
- However, many online retailers continue to underestimate how important having the correct packaging is to ensure sustainable business success. The requirements for packaging in online commerce are growing. From the highest possible efficiency and sustainability in the supply chain to increasingly popular logistics trends, such as bicycle couriers and delivery drones, through to "last mile" delivery and the all-important marketing purpose vis-a-vis the customer, all these are resulting in new demands.
- Online retailers like to use plastic film packaging for clothing. This is ideal for most items made from fabric, i.e., flexible content and has little need for protection. However, film packaging is not suitable for products with special protection requirements, e.g., those which must not be bent, broken, or deformed. Nevertheless, plastic bags and film packaging keep the packed product clean, are lightweight, take up very little space, and are cost-effective for the retailer.
- Furthermore, Plastic Air pillows can also be recycled at many retail stores along with plastic films, such as grocery and dry-cleaning bags, bath tissue wrap, and bread bags. In 2018 over 250 global companies, including Unilever, Nestle, and Coca-Cola, pledged to implement 100% recyclable, biodegradable, or compostable packaging by 2050.
- In January 2020, United States-based 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 percent recycled content.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.4 Market Drivers
4.4.1 Growing Proliferation OF Online Retailing and Emergence of Omni-channel Presence
4.4.2 Increasing Biodegradable Plastic Packaging for Online Retail
4.5 Market Restraints
4.5.1 Regulation Pertaining to Use of Plastic and Lack of Exposure to Good Manufacturing Practices
4.6 Assessment of COVID-19 impact on the industry
5 MARKET SEGMENTATION
5.1 Product Type
5.2 End User Industry
5.3.1 North America
5.3.2 Europe
5.3.3 Asia Pacific
5.3.4 Latin America
5.3.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 PET BOTTLE RECYCLING RATE
7.1 North America
7.2 Europe
7.3 Asia Pacific
7.4 Latin America
8 FUTURE OF THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/x85t2d
