The global e-commerce packaging market size is slated for considerable expansion from USD 48.81 billion in 2021 to USD 140.86 billion in 2028 owing to the rising number of smart phone users across the world, finds Fortune Business Insights in its report, titled “E-Commerce Packaging Market, 2021-2028”, the e-commerce packaging market stood at USD 42.66 billion in 2020. It is set to exhibit a CAGR of 16.3% during the forecast period.

Information Source: https://www.fortunebusinessinsights.com/e-commerce-packaging-market-104885

In recent years, there has been an increasing consumer inclination towards buying of several products through e-commerce platforms due to the rising number of smartphone users across the world, which is projected to fuel the growth of this market. Further, the increasing disposable income and change in the standard of living of the people worldwide has resulted in growing demand for e-commerce packaging across several regions of this market.

Market Segmentation:

On the basis of type, this market is classified into plastic, corrugated boxes, paper, and others. By application, the market is divided into food and beverage, consumer electronics, personal care and cosmetics, fashion and apparel, and others.