The Asia Pacific E-Commerce Packaging Market would witness market growth of 10.8% CAGR during the forecast period (2023-2030).
The East's improved use of smartphones and the internet, technological advancements, and rising e-commerce sales are some of the primary factors driving the market. The trend of e-commerce sales and the growing prevalence of smartphones and internet connectivity drive the market. As more people access smartphones and the internet, online buying becomes easier and more comfortable.
The e-commerce sales have increased significantly due to this change in consumer behavior. As a result, there is a rising need for packaging options that allow for the safe and secure transport of products from sellers to customers. Packaging for e-commerce is crucial for protecting goods during transport, enhancing the unboxing experience, and making a favorable impression on consumers. With the growth of online sales and rising consumer expectations in the digital age, the market the packaging will be expected to continue to develop.
According to the India Brand Equity Foundation, in 2022, India's e-commerce industry increased by 36.8% annually. By the end of 2027, it is projected that the Indian e-commerce sector will be worth Rs. 26,459.18 billion (US$ 319.3 trillion). Additionally, Japanese consumers are increasingly turning to e-commerce for beauty and cosmetics products. E-commerce businesses in Japan often invest in customizing and branding packaging for cosmetics. A unique unboxing experience enhances brand loyalty and the product's perceived value. Environmental awareness is growing in Japan, and consumers expect cosmetics companies to adopt eco-friendly packaging materials. The factors mentioned above will drive regional market growth.
The China market dominated the Asia Pacific E-Commerce Packaging Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $14,789.8 million by 2030. The Japan market is registering a CAGR of 10.1% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 11.5% during (2023 - 2030).
Based on Product Type, the market is segmented into Boxes, Protective Packaging, Labels, Mailers, Tapes, and Others. Based on Material, the market is segmented into Corrugated Boards, Paper & Paperboard, Plastic, and Others. Based on Application, the market is segmented into Electronics, Furniture, Cosmetics, Fashion, Food & Beverages, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global E-Commerce Packaging Market is Predict to reach $132.7 Billion by 2030, at a CAGR of 10.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amcor Plc, Mondi Plc, The International Paper Company, DS Smith Plc., Rengo Co., Ltd., Sealed Air Corporation, Berry Global Group, Inc., CCL Industries Ltd., Sonoco Products Company and Smurfit Kappa Group plc.
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