Bioplastic Packaging Market, By Material (Biodegradable, and Non-biodegradable), By Type (Rigid and Flexible), By Application (Food & Beverages, Consumer Goods, Pharmaceutical, Industrial Goods, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Apr 2024

Code : CMI1256

Pages :187

Formats :

Excel and PDF

Industry : Packaging

Regional Analysis

Bioplastic Packaging Market Regional Insights

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North America continues to be the dominant region in the global e-commerce packaging market owing to several factors with 36.8% of the market share. The large and developed e-commerce sector in countries like the U.S. and Canada generate a strong demand for various packages across different product categories. Ease of purchasing goods online along with robust logistics infrastructure has ensured high adoption of e-commerce. This, in turn, is a major driver of packaging needs in the region. Additionally, the presence of major packaging manufacturers and suppliers in North America allow e-tailers to access a wide range of packaging solutions at competitive prices. Customizable packages tailored for fragile, heavy and oddly-sized goods are commonly available. The regional market is also characterized by continuous packaging innovations for features like tamper-proof seals, easy returns and recyclability. Sustainability remains an important focus for packaging in the region.

Among growing markets, Asia Pacific has emerged as the fastest expanding regional market for e-commerce packaging globally. Rapid growth of the online retail industry coupled with rising incomes in developing nations is the primary factor here. China, India, and other Southeast Asian countries have seen over 50% year-on-year increase in online shopping, outstripping mature markets. This upsurge directly impacts demand for an assortment of packaging formats. The Asia Pacific region also offers packaging producers lucrative market opportunities due to increased localization of manufacturing. Large customer base and presence of leading online marketplaces are additional advantages. Furthermore, the availability of affordable raw materials and workforce has encouraged global brand owners to set up facilities in the region. This along with the proliferation of local packaging solution providers has made Asia Pacific an attractive destination for future expansion in the fast-moving e-commerce packaging industry.