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.
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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.
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.
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.
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,
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.
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