The North America E-Commerce Packaging Market would witness market growth of 9.6% CAGR during the forecast period (2023-2030).
The integration of technology in the packaging sector is on the rise. Smart packaging solutions include QR codes, NFC tags, and RFID chips that allow customers to access product information, track packages, and even interact with brands through their smartphones. Brands are increasingly personalizing packaging to create a unique and memorable customer experience. Customized packaging options, including customer names and personalized messages, are becoming more common.
The shift towards sustainable packaging materials continues to gain momentum. Innovations in biodegradable materials, mushroom packaging, and seaweed-based materials are reducing the environmental impact of e-commerce packaging. Automation and robotics are being employed in e-commerce warehouses to streamline packaging processes. By scanning a package with a smartphone or AR glasses, customers can access additional information, videos, or 3D visuals related to the product.
Canadian consumers have increasingly embraced online shopping due to the convenience, accessibility, and variety of products offered by e-commerce platforms. Major e-commerce players like Amazon, Walmart, and various other national and global online retailers have expanded their presence in the Canadian region. Retail eCommerce sales in Canada are rising due to increased online shoppers. E-commerce sales were estimated to be around US$2.34 billion in March 2022. Due to these aspects, the market will grow across North America in the upcoming years.
The US market dominated the North America E-Commerce Packaging Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $24,167.9 million by 2030. The Canada market is experiencing a CAGR of 12.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 11.1% during (2023 - 2030).
Based on Product Type, the market is segmented into Boxes, Protective Packaging, Labels, Mailers, Tapes, and Others. Based on Material, the market is segmented into Corrugated Boards, Paper & Paperboard, Plastic, and Others. Based on Application, the market is segmented into Electronics, Furniture, Cosmetics, Fashion, Food & Beverages, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The E-Commerce Packaging Market is Predict to reach $132.7 Billion by 2030, at a CAGR of 10.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amcor Plc, Mondi Plc, The International Paper Company, DS Smith Plc., Rengo Co., Ltd., Sealed Air Corporation, Berry Global Group, Inc., CCL Industries Ltd., Sonoco Products Company and Smurfit Kappa Group plc.
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