The mushrooming demand for various consumable and non-consumable products, on account of the surging global population, is pushing up the requirement for retail e-commerce packaging solutions across the world. As per the United Nations Department of Economic and Social Affairs (UNDESA), the total population of the world is soaring rapidly. It is predicted to grow from 7.6 billion in 2019 to 8.6 billion, 9.8 billion, and 11.2 billion by 2030, 2050, and 2100 respectively.
Download report sample at: https://www.psmarketresearch.com/market-analysis/retail-e-commerce-packaging-market-analysis/report-sample
Additionally, the increasing penetration of the internet and the growing usage of smartphones are fueling the demand for retail e-commerce packaging solutions across the world. This is because the rapid expansion of digital industries such as the e-commerce industry, on account of the soaring internet penetration, is positively impacting the demand for various packaging materials. Apart from these factors, the ongoing COVID-19 pandemic is also fueling the growth of the retail e-commerce packaging market around the world.
Due to the above-mentioned factors, the demand for retail e-commerce packaging is soaring, which is, in turn, fueling the advancement of the global retail e-commerce packaging market. The market value is predicted to grow from $19,022.7 million in 2019 to $68,388.1 million by 2030. Furthermore, the market will progress at a CAGR of 12.1% between 2020 and 2030. Boxes, air cushions, tapes and labels, bubble wraps, and envelops are the main types of materials used in retail e-commerce packaging.
Across the globe, the Middle East and Africa (MEA) retail e-commerce packaging market is predicted to demonstrate the fastest growth in the upcoming years. This will be a result of the implementation of various government policies in the regional countries such as the U.A.E. and Saudi Arabia for reducing the economic dependence of these countries on the oil and gas industry and fueling growth in various other sectors such as e-commerce.
Browse full report at: https://www.psmarketresearch.com/market-analysis/retail-e-commerce-packaging-market-analysis
Hence, it can be said with surety that the demand for retail e-commerce packaging will shoot-up across the world in the coming years, primarily because of the burgeoning requirement for different consumable and non-consumable products and the increasing popularity of e-commerce in various countries.
Market Size Breakdown by Segment
By Material Type
By End User
- Consumer Electronics
- Fashion and Apparel
- Cosmetics and Personal Care
- Food and beverages
- Furniture and Home Furnishing
- North America
- South Korea
- Latin America
- Middle East and Africa
- South Africa
- Gulf Cooperation Council
Browse More Reports
Corrugated Boxes Market – https://www.psmarketresearch.com/market-analysis/corrugated-boxes-market-analysis
Benzalkonium Chloride Market – https://www.psmarketresearch.com/market-analysis/benzalkonium-chloride-market
Company Name: P&S Intelligence
Contact Person: Abhishek
Email: Send Email
Address:Noida Sector 2