The global retail e-commerce packaging market attained a valuation of $19,022.7 million in 2019 and is predicted to generate a revenue of $68,388.1 million by 2030. According to the estimates of P&S Intelligence, a market research company based in India, the market would demonstrate a CAGR of 12.1% between 2020 and 2030. The surging population across the world and the increasing affordability of internet connections and smartphones are the prominent factors powering the advancement of the market around the world.

The soaring population levels across the world are massively pushing up the demand for both consumable and non-consumable goods. This is, in turn, boosting the progress of the market, as these goods are mainly sold via online channels. As per the findings of the United Nations Department of Economic and Social Affairs (UNDESA), the total population of the world was 7.6 billion in 2019. Moreover, the organization found that around 83 million people are added to this number every year.

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This trend is likely to continue in the coming years. This is causing the boom of the e-commerce industry, which is, in turn, propelling the sales of packaging products. The ballooning sales of these products are driving the progress of the retail e-commerce packaging industry. Based on material type, the retail e-commerce packaging market is divided into envelopes, boxes, and others, wherein the others include bubble wraps, tapes and labels, and air cushions. 

Globally, the retail e-commerce packaging market registered the highest growth in the Asia-Pacific (APAC) region in the past years and this trend will continue in the future years as well. This would be due to the existence of a large population, the presence of a thriving e-commerce industry, and the growing propensity of the people in this region toward latest technologies. Moreover, according to the India Brand Equity Foundation (IBEF), India will become the second-biggest e-commerce market globally by 2034.

The increasing global population is the biggest reason behind the surging requirement for both non-consumable and consumable products across the world. As per the findings of the United Nations Department of Economic and Social Affairs (UNDESA), “the global population is rising at a high pace, and it is expected to reach 8.6 billion in 2030, 9.8 billion in 2050, and 11.2 billion in 2100, from 7.6 billion in 2019, with roughly 83 million people being added every year”.

As a result of this rapid rise in population, the requirement for various products will surge, which will, in turn, fuel the demand for retail e-commerce packaging solutions across the globe. This because most of the consumable and non-consumable items are sold through online channels these days. In addition to the ballooning population, the increasing penetration of the internet and the rising usage of smartphones are massively boosting the demand for retail e-commerce packaging.

This is because many people are nowadays preferring to shop online, owing to the availability of internet connection, the convenience of home delivery, and great discounts provided by the e-commerce companies on various products. Furthermore, the COVID-19 pandemic has massively pushed up the popularity of online shopping, which has, in turn, augmented the growth of e-commerce companies. As per the World Trade Organization, “the enforcement of social distancing, lockdowns, and other measures, in response to the COVID-19 pandemic, has led consumers to ramp up online shopping activities, social media usage, internet telephony and teleconferencing usage, and video and film streaming”.

Because of the aforementioned reasons, there has been a sharp rise in the online sales of household items, food products, and medical supplies in the last few months, which has subsequently caused a steep surge in the requirement for retail e-commerce packaged items. As a result, the value of the global retail e-commerce packaging market is predicted to rise from $19,022.7 million to $68,388.1 million from 2019 to 2030. Moreover, the market is predicted to advance at a CAGR of 12.1% between 2020 and 2030.

Geographically, the Middle East and Africa (MEA) retail e-commerce packaging market will be very prosperous in the forthcoming years, as per the forecast of the market research firm, P&S Intelligence. This is attributed to the rising focus of the governments of the MEA countries such as the U.A.E. and Saudi Arabia on diversifying their economy, which is heavily dependent on the revenue generated from the sales of oil and gas. In addition to this, major e-commerce companies are rapidly setting up their warehouses and plants in this region, which is, tremendously boosting the advancement of the market in the region.

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