The global retail e-commerce packaging market is projected to touch USD 21,669.7 million at a 5.92% CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis.
Retail e-commerce packaging includes products like protective packaging (loose fill peanuts, air pillows, and bubble wraps), labels, tapes, boxes (folding and corrugated cartons), and others. Generally, these products are used as secondary packaging to safeguard the packaged contents against damage at the time of transportation activities. Owing to its alluring features and benefits, it has wide applications in different end use industries such as healthcare and personal care, food and beverages, home furnishing, auto parts, electronics and consumer goods, apparel and accessories, and others.
Various factors are propelling the retail e-commerce packaging market share. As per the recent MRFR report, such factors include on-going rise in online shopping, consumers being spoilt for choice, convenience to shop at the comfort or during the move, free shipping, easy return policies, and fast delivery, demand for packaged food, presence of several online stores varying from non-perishable groceries to specialty packaged foods, increasing use of retail e-commerce packaging, preference for e-commerce shopping due to huge discounts, growing demand for protective, eco-friendly packaging, and increase in retail e-commerce in emerging economies.
On the contrary, demand for less paper & plastic packaging, rise in environmental consciousness, strict government regulations about corrugated packaging, and the impact of the COVID-19 outbreak may limit the global retail e-commerce packaging market growth during the forecast period.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/1891