E-commerce a $20 billion market for corrugated packaging
According to new Smithers Pira research, e-commerce is becoming a significant and high-growth opportunity for the corrugated packaging market to 2023. It is now estimated that upwards of $20 billion worth of corrugated materials are used in this sector as a whole.
Smithers Pira forecasts that the overall market for e-commerce packaging will grow rapidly in the coming years – expanding at a compound annual growth rate of 14.3% from 2017 through to 2022. This growth will see e-commerce packaging – including corrugated packaging, as well as flexible packaging, and protective and transit packaging – reaching almost $55 billion in 2022 (Press Release Smithers Pira, 31 May 2018).
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