The global packaging market for the e-commerce sector is expected to post a CAGR of over 8% during the period 2018-2022, according to the latest market research report by Technavio
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Technavio has published a new market research report on the global packaging market for the e-commerce sector from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the rising Internet penetration worldwide. In 2016, around 46% of the total population of the world was using the Internet. Furthermore, there is a growing adoption of smartphones among consumers across the globe. In 2017, over 60% of the people in countries such as the US, Germany, and China owned a smartphone. This percentage is expected to increase further in the future.
This market research report on the global packaging market for the e-commerce sector 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the growing cross-border e-commerce sales as one of the key emerging trends in the global packaging market for the e-commerce sector:
Global packaging market for the e-commerce sector: Growing cross-border e-commerce sales
The global e-commerce market can be segmented into domestic and cross-border e-commerce. In 2017, the global cross-border e-commerce market occupied around one-fourth of the global e-commerce market. The factors such as growing business expansion activities and rising smartphone and Internet penetration are expected to drive the global cross-border e-commerce market.
"Logistics companies have been expanding their cross-border e-commerce verticals to cater to the fast-growing cross-border e-commerce demand. For instance, in 2016, a major vendor announced that it would invest around USD 137 million in the US domestic and e-commerce market over the next four years," says a senior analyst at Technavio for research on packaging.
Global packaging market for the e-commerce sector: Segmentation analysis
This market research report segments the global packaging market for the e-commerce sector by type of packaging (corrugated boxes, protective packaging, and polybags) and geography (APAC, EMEA, and the Americas).
APAC led the market in 2017 with more than 40% of the market share, followed by the Americas and EMEA respectively. The market share of the APAC region is expected to increase by almost 3% during the forecast period.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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