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E-commerce Packaging Market to Grow at 5.24% CAGR Driven by Demand for Premium Packaging to 2020

RnRMarketResearch.com adds Global E-commerce Packaging Market 2016-2020 latest research report, the analysts forecast global e-commerce packaging market to grow at a CAGR of 5.24% during the period 2016-2020.

— A trend which is boosting e-commerce packaging market growth is the increased demand for premium packaging. Premium packaging is the basic indication of the high quality of the product inside; hence, consumers look for products with premium packs. Vendors use expensive ingredients, technologies, colors, and other raw materials to develop premium packs. Many consumers also buy these products as gifts, thereby driving the demand for premium packaging in the market.

Complete report on e-commerce packaging market spread across 62 pages, analyzing 5 major companies and providing 31 data exhibits is now available at http://www.rnrmarketresearch.com/global-e-commerce-packaging-market-2016-2020-market-report.html

According to the 2016 e-commerce packaging market report, a key growth driver is the increased use of e-commerce. The growing e-commerce market, which primarily includes online shopping, has witnessed an increase in demand for corrugated boxes for shipment of the products sold through them. The ease of online shopping has made many customers switch from the traditional method of shopping. Online retailers use different types of corrugated boxes packaging according to the product transported. These boxes ensure the safety of the products transported in them. In addition, effective packaging is becoming one of the key business requirements in the e-commerce marketplace, thus fueling the growth of the market.

There is an increasing need for sustenance and technological innovation in the e-commerce sector with respect to packaging. Better environmental awareness among consumers and increased importance of packaging are prompting vendors in the market to develop sustainable and state-of-the-art packaging products. Corrugated boxes, made from recycled materials, are considered an eco-friendly and a viable form of packaging compared to other forms, including plastics. Besides, corporations are investing more in research and development (R&D) in an attempt to innovate corrugated box packaging

The following companies are the key players in the global e-commerce packaging market: DS Smith, Dynaflex, Georgia-Pacific, International Paper, and Mondi. Other Prominent Vendors in the market are: Arihant packaging, Charapak, Commonwealth Packaging, Fencor packaging, Lil Packaging, Linpac Packaging, Pioneer Packaging, Sealed Air, Shorr packaging, Smart Karton, Total Pack, and Zepo. Order a copy of Global E-commerce Packaging Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=607556

The increase in the number of manufacturing units across the globe is the fundamental driving force behind growth in e-commerce packaging market. The evolution of manufacturing sectors such as automobile production and electronic product shipments are projected to reflect positively on the global e-commerce packaging industry during the forecast period. At present, the market is dominated by APAC, which accounts for almost 33% of the overall market share. The demand for product packaging in the e-commerce sector is augmented by the development of organized retail and e-commerce in this region.

Global e-Commerce Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the global e-commerce packaging market for 2016-2020. To calculate the market size, this report covers revenue generated by vendors providing e-commerce packaging.

Further, the e-commerce packaging market report states that one challenge that could derail market growth is product damage. Packaging plays an essential role in establishing the brand name of the retailer. Retailers are trying their best to provide better and innovative packaging solution to the consumer, but once the product leaves the retailers' facility, it's the responsibility of the logistic company to deliver the products in the desired form.

Another related report is Global Corrugated Box Market 2016-2020, the analysts forecast global corrugated box packaging market to grow at a CAGR of 5.04% during the period 2016-2020. One of the major trends that is being adopted by many vendors in the market is the need for sustainability and technological innovation in the manufacturing of corrugated boxes According to the report, an increase in spending power coupled with consumers' growing requirements have pushed the growth of the e-commerce market. The shopping preference of people is moving toward online shopping, which has increased the demand for corrugated boxes. Browse complete report @ http://www.rnrmarketresearch.com/global-corrugated-box-market-2016-2020-market-report.html

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Source URL: https://marketersmedia.com/e-commerce-packaging-market-to-grow-at-5-24-cagr-driven-by-demand-for-premium-packaging-to-2020/118403

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Source: MarketersMedia

Release ID: 118403


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