Asia-Pacific packaging industry is anticipated to exhibit a considerable CAGR during the forecast period (2020-2026). The rising presence of major e-commerce players, such as Amazon and Flipkart are strengthening the demand for e-commerce packaging solutions in the region. For instance, as per the International Brand Equity Foundation (IBEF), the Indian e-commerce market is expected to grow to $200 billion by 2026 from US$ 38.5 billion in 2017. Flipkart, Amazon India and Paytm Mall have led the online retail sales in India. The electronics segment is currently the major contributor to online retail sales in India accounted for 48% share in 2018, followed closely by apparel at 29%.
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E-commerce packaging is an essential part of the brand identity which makes a favourable impression and strengthens the brand identity. With the trend towards online shopping, packaging continues to play an essential role in both the brand and consumers’ e-commerce experience. Brands have to examine the packaging of products to meet the demand for online shoppers. The increasing trend towards sustainable and cost-effective packaging solutions in the e-commerce industry has been witnessed over the years. As a result, most of the e-commerce companies use cardboard boxes as it is strong, cost-effective, eco-friendly and lightweight to ship. R&D investment by vendors for eco-friendly packaging solutions and the increasing presence of several regional, local and multinational e-commerce vendors across the region is further anticipated to drive the growth of the packaging industry market in the region.
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Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Material Type, By End-User Industry Vertical
- Regions Covered- Asia-Pacific
- Competitive Landscape
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How COVID-19 impacted the market?
Ø Recovery Timeline
Ø Deviation from the pre-COVID forecast
Ø Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific Packaging Industry Market Report Segment
By Material Type
- Plastic
- Metal
- Paper
- Glass
By End-User Vertical
- Food
- Beverage
- Healthcare
- Cosmetics & Personal Care
- Industrial
- Others (Household Items)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
