{"id":10983,"date":"2023-10-09T01:12:39","date_gmt":"2023-10-09T06:12:39","guid":{"rendered":"https:\/\/meyers.com\/?p=10983"},"modified":"2024-03-19T03:14:33","modified_gmt":"2024-03-19T08:14:33","slug":"packaging-opportunities-for-ecommerce-growth","status":"publish","type":"post","link":"https:\/\/meyers.com\/meyers-blog\/packaging-opportunities-for-ecommerce-growth\/","title":{"rendered":"Packaging Opportunities: The Impact of Ecommerce Growth"},"content":{"rendered":"\n

The rise of eCommerce has been remarkable, revolutionizing how consumers shop and businesses operate. Over the past two years, eCommerce sales have grown by 55%,<\/a> partly driven by the pandemic. Digital marketplaces\u2019 convenience and accessibility have become increasingly enticing to customers worldwide as they continue to flourish.<\/p>\n\n\n\n

The booming eCommerce industry has driven a surge in demand for packaging solutions. The increase in online orders calls for efficient, sustainable, and visually appealing packaging options. With this rapid growth, companies must constantly adapt their packaging strategies, design, and practices to keep pace with evolving industry trends.<\/p>\n\n\n\n

Packaging is an indispensable bridge between businesses and consumers, going beyond product delivery to shape the customer experience. For eCommerce packaging<\/a>, it\u2019s the initial physical connection with the brand, leaving a lasting impression on customers\u2019 minds.<\/p>\n\n\n\n

This article delves into the multifaceted relationship between eCommerce and packaging. It explores how online sales\u2019 exponential growth influences the industry\u2019s packaging decisions.<\/p>\n\n\n

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The Impact of eCommerce Growth on the Packaging Industry<\/strong><\/h2>\n\n\n\n

The exponential growth of eCommerce has unleashed a wave of opportunities and challenges for businesses involved in packaging design and production.<\/p>\n\n\n\n

1. The retail eCommerce packaging market will reach <\/strong>$21.4 billion by 2024<\/strong><\/a> from $16.8 billion in 2022.<\/strong><\/h3>\n\n\n\n

The substantial growth in the eCommerce packaging market reflects the booming demand for packaging solutions driven by the eCommerce sector. This shift away from retail stores presents companies with ample opportunities to cater to the unique needs of eCommerce.<\/p>\n\n\n\n

2. Over 30% of buyers<\/strong><\/a> agree that an online product\u2019s packaging changes their perception of the brand.<\/strong><\/h3>\n\n\n\n

The immense importance of investing in effective packaging design and presentation cannot be overstated. When customers shop online, they lack the physical interaction they would have in a retail store. As a result, packaging becomes the primary tangible representation of the brand.<\/p>\n\n\n\n

3. <\/strong>66% of consumers<\/strong><\/a> are buying more sustainable and sustainably packaged products across all industries.<\/strong><\/h3>\n\n\n\n

The growing importance of sustainability in consumer purchasing decisions sends a clear message to businesses. Environmental consciousness is now a significant driver of consumer behavior<\/a>, making sustainability a mainstream expectation rather than a niche trend. Online sellers must recognize and adapt to this shift to meet customer expectations.<\/p>\n\n\n\n

4. The sustainable packaging market will continue growing with a <\/strong>CAGR of 7.2%<\/strong><\/a>.<\/strong><\/h3>\n\n\n\n

The sustainable packaging market\u2019s<\/a> compound annual growth rate reflects strong and continuous demand. It\u2019s outpacing the industry\u2019s overall growth rate, showing that the shift towards sustainability is not a passing trend but a fundamental and ongoing transformation, particularly for eCommerce businesses.<\/p>\n\n\n\n

5. Plastic packaging waste from the eCommerce sector will reach <\/strong>4.5 billion pounds (lbs.) by 2025<\/strong><\/a>, from 2.1 billion in 2019.<\/strong><\/h3>\n\n\n\n

Despite the increasing clamor from consumers, the issue of plastic packaging waste<\/a> in eCommerce remains significant. However, online retailers have a chance to take the lead in adopting sustainable packaging practices and differentiate themselves from competitors.<\/p>\n\n\n