Categories: Press Releases

E-commerce Flexible Packaging Market: Key Segment Analysis

E-commerce Flexible Packaging Market Size & Production Analysis

The global e-commerce flexible packaging market is projected to grow from USD 32.51 billion in 2023 to USD 72.45 billion by 2033, achieving a compound annual growth rate (CAGR) of 8.50% between 2024 and 2033.

Download Statistical Data: https://www.towardspackaging.com/download-statistics/5190

Flexible packaging is the rapidly growing sector of the global packaging industry and is one of the best solutions for the e-commerce applications. By using flexible packaging, retailers may accomplish e-commerce shipping that is affordable, effective, and lightweight. Flexible packaging typically uses less energy during production and transportation, produces less product waste, which lowers greenhouse gas emissions, and uses less landfill space. This is because flexible packaging makes it possible to use resources efficiently and hence widely adopted by the e-commerce sector. Thus, the e-commerce flexible packaging market is anticipated to witness significant growth during the forecast period.

The growth of the e-commerce platforms coupled with the consumer demand for convenient and lightweight packaging as well as the increasing awareness of sustainability among consumers is anticipated to augment the growth of the market within the estimated timeframe. The market is further driven by the increasing investments by most of the key market players in the eco-friendly packaging methods to create sustainable use of plastics. The global packaging market size is growing at a 3.16% CAGR between 2023 and 2032. Growing research and innovation in the packaging industry to guarantee safety, hygiene along with integrity of the products is also likely to contribute to the growth of the market in the years to come.

  • Nowadays, customers place significant importance on convenience while buying, thus the perfect e-commerce platform should make it simple and quick for the customers to find and get the items they require. The curbside delivery, home delivery and click-and-collect options can all help customers save time.
  • Customers and commerce are more linked than ever. The increasing usage of the smartphones is opening up new channels for marketers to connect with customers. Mobile devices will account for over fifty percent of the e-commerce purchases in future.
  • Social media has developed into a brand-new sector where customers can interact with the companies and find out about the new offerings. Voice commands can be used to place orders, track purchases as well as place orders automatically from the e-commerce sites with smart devices and apps.
  • Currently, personalization has been one of the biggest trends. When customers have a designed shopping experience, they spend over 50% more. Online retailers have the ability to give the customized product recommendations and exclusive deals based on a customer’s browsing history, past purchases, social media usage, personal information and ethnicity.
  • Asia-Pacific held largest market share of 39.75% in 2023. This is owing to the economic development, rapid urbanization, increasing internet penetration and a thriving e-commerce sector in the region.
  • The North America region is expected to grow at a CAGR of 7.95% during the forecast period owing to the presence of major key players as well as the high consumer demand for convenience and stringent sustainability regulations.

Market Drivers

Expansion of E-commerce Globally

The increasing popularity of e-commerce among consumers has led to a gradual but continuous shift towards the online purchasing platforms. The epidemic augmented the growth of e-commerce, necessitating practical distribution methods, as digital customers adopted online channels for purchasing products. More and more packaged goods and the groceries that were traditionally purchased personally were being shipped straight to the customers.

Furthermore, the major retailers are focusing more and more on their digital marketing approach in an effort to profit from the clear advantages of online platforms such as increased reach, constant availability and customization. Major companies in this market state that mobile apps account for over 50% of their total income. Also, according to the data by Adobe, online spending by Americans from January 1 to April 30, 2024, was $331.6 billion, an increase of 7% YoY. This is owing to the steady spending in the premium areas like electronics and fashion as well as continued increase in the online grocery shopping. Cosmetics are another growing online segment which generated $35 billion in online spending in 2023, growing at 15.6% YoY. Customers continue to maintain the upward trend, spending $13.2 billion (up 8% YoY) on cosmetics online so far in 2024.

This data indicates consumer’s inclination towards online shopping for its convenience, variety, better prices and direct shipping to homes. This shift necessitates packaging that is not only protective but also lightweight, cost-effective and environmentally friendly. These requirements are completely met by flexible packaging options that have many benefits over the conventional packaging. Due to its lightweight design, shipping costs are greatly reduced, which is essential for e-commerce companies who are running on limited profit margins. Additionally, flexible packaging can be designed to fit products snugly, reducing the need for excess materials and minimizing waste.

Market Restraints

E-commerce Packaging Waste

The rise in production of plastic packaging waste is likely to limit the growth of the market during the forecast period.  As it’s convenient and easy, online shopping has grown in popularity in the recent years. But the packaging that is been used for shipping of the products have considerably negative impact on the environment. Amazon alone generated around 465 million pounds of waste from the plastic packaging in 2019, based on a report by the Oceana. Included in this waste are the bubble wraps, air pillows and other types of plastic packing materials added to the almost 7 billion Amazon parcels that were shipped in 2019.

Furthermore, plastic packaging frequently ends up contaminating the oceans and damaging marine life since it requires numerous years to break down. A garbage truck load of plastic debris is dumped into the ocean every minute, as per the United Nations, which estimates more than 8 million metric tons of garbage made of plastic end up in the oceans annually.

Online shopping package waste has another drawback that it is frequently not reused or recycled. As per Ellen MacArthur Foundation report, only 14% of the plastic that is used worldwide is gathered for reuse and recycling purpose, with very less being recycled. The remaining waste ends up in the environment or landfills, where it may take countless years for the materials to decompose and release the toxic chemicals. It is remarkable how much garbage is produced by e-commerce packaging. In addition to consuming valuable landfill space, this waste damages the environment and generates greenhouse gas emissions. Therefore, improved waste management practices are essential to balance the demand for flexible packaging.

Market Opportunities

Shift towards Circular Economy

Reducing environmental impact is very important to distributors, manufacturers, retailers and suppliers. This is influenced by the implementation of laws and regulations from the government as well as pressure from stakeholders and customers. Companies will gain significant advantages from more exposure and openness regarding their environmental actions. The majority of firms have made it public that they are striving toward having all of their packaging recyclable. Numerous firms are also developing refillable and reusable systems. Lastly, in order to decrease the demand for additional virgin materials, the full supply chain is eager to witness more post-consumer recycled content (PCR) employed in packaging.

For Instance,

  • In May 2024, At Chinaplas 2024, Dow revealed new collaboration with Sealed Air to create products that satisfy the needs of performance and circularity. Sealed Air and Dow jointly launched a line of e-commerce packaging that contains more recycled materials. Through the collaboration, both the companies will use Dow’s REVOLOOPTM post-consumer recycled (PCR) resins to create better e-commerce packaging, providing a practical means of protecting goods as well as lowering the carbon footprint by utilizing fewer virgin plastics.
  • In June 2023, Amazon and the Ellen MacArthur Foundation announced expansion of their partnership to promote scalable options for a circular economy industry-wide. A circular economy is essential to achieving this objective and is being prioritized in every aspect of Amazon’s operations, including data centers, packaging and products. Certifications for goods having circular features will be a major area of concentration for this partnership. Giving clients the knowledge they need to make more circular decisions is the aim of these certifications.

The shift towards the circular economy offers the market a pathway to sustainability. This transition not only benefits the environment but also improves the brand reputation and adheres with the regulations and standards favoring the sustainable practices.

Market Segments

By Material

  • Plastic
  • Paper
  • Metal

By Product

  • Pouches
  • Bags
  • Films
  • Others

By Application

  • Electronics
  • Apparels And Accessories
  • Food And Beverages
  • Personal Care
  • Household
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Buy Premium Global Insight: https://www.towardspackaging.com/price/5190

Get the latest insights on packaging industry segmentation with our Annual Membership – https://www.towardspackaging.com/get-an-annual-membership

If you have any questions, please feel free to contact us at sales@towardspackaging.com

About Us

Towards Packaging is a leading global consulting firm specializing in providing comprehensive and strategic research solutions. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. We stay abreast of the latest industry trends and emerging markets to provide our clients with an unrivalled understanding of their respective sectors. We adhere to rigorous research methodologies, combining primary and secondary research to ensure accuracy and reliability. Our data-driven approach and advanced analytics enable us to unearth actionable insights and make informed recommendations. We are committed to delivering excellence in all our endeavours. Our dedication to quality and continuous improvement has earned us the trust and loyalty of clients worldwide.

Browse our Brand-New Journal:

https://www.towardshealthcare.com

https://www.towardsautomotive.com

For Latest Update Follow Us: https://www.linkedin.com/company/towards-packaging/

Get Our Freshly Printed Chronicle: https://www.packagingwebwire.com/

Get a Subscription – Towards Packaging

With our commitment to delivering accurate and up-to-date data, our annual packages ensure continuous access to a wealth of valuable information.

 

Packaging Web Wire

Packaging Web Wire shines as a subsidiary of Towards Packaging, dedicated exclusively to this dynamic sector. With a focus on the intricacies and nuances of packaging, Packaging Web Wire harnesses our consultancy's extensive knowledge and experience to provide specialized research and analysis. Through our platform, businesses gain access to invaluable insights and strategies crafted to address the ever-evolving challenges and opportunities within the packaging landscape. Towards Packaging stands as a leading global consultancy, renowned for its expertise in delivering comprehensive and strategic research solutions across a multitude of industries. With a seasoned team of consultants, we specialize in offering a wide range of services aimed at providing businesses with actionable insights and recommendations tailored to their specific needs and objectives.

Recent Posts

Peelable Lidding Films Market Overview

Peelable Lidding Films Market Growth and Future Outlook The global market for peelable lidding films…

2 days ago

Reverse Tuck Box Market Report Growth, Trends and Key Drivers (2024 – 2034)

Reverse Tuck Box Market Size, Trends and Growth Outlook The reverse tuck box market was…

2 days ago

Pharmaceutical and Chemical Aluminum Bottles and Cans Market

Growth Insights for the Global Pharmaceutical and Chemical Aluminum Bottles and Cans Market The global…

2 days ago

Plastic Tubes Market Trends and Growth (2024-2033)

Plastic Tubes Market Growth Size, Trends and Regional Outlook (2024-2033) The global plastic tubes market…

2 days ago

PP Deli Food Container Market Trends and Insights

PP Deli Food Container Market Size and Growth Insights The global PP deli food container…

2 days ago

Solid Bleached Sulfate (SBS) Board Market Overview and Forecast

Solid Bleached Sulfate (SBS) Board Market Growth and Forecast The global market for solid bleached…

2 days ago