Korea E-commerce Packaging Market - Industry Trends and Forecast to 2029

시장 분석 및 규모

패키징은 회사가 전자상거래 제품을 활용할 수 있는 플랫폼을 개발했습니다. 이 회사는 또한 크거나 작은 골판지에 명확하게 인쇄하는 수단을 확립했습니다. 이를 통해 평판 인쇄 라벨을 인쇄할 필요가 없고 시간과 비용을 절약할 수 있습니다. 친환경적이며 서비스에 따르면 보드에 직접 인쇄하면 재활용할 수 있습니다. 이 주문 및 유통 시스템을 통해 점점 더 많은 사용자와 템플릿을 쉽게 변경할 수 있으며 전자상거래 패키징에 대한 제3자 광고에서 큰 잠재력을 발휘할 수 있습니다. 물건이 호화로울수록 외관이 더욱 놀랍습니다. 이는 보호를 보장하고 도난을 방지하기 위해 패키지의 가치에 대한 힌트를 제공하지 않기 위해 달성됩니다. 이러한 경우 패키지 내부에 아름답게 쓰여진 그래픽이 여전히 있으며 패키지를 열 경우에만 공개됩니다.

편의성과 스마트 패키징의 인기 증가로 인해 온라인으로 쇼핑 선호도가 바뀌는 것은 시장에서 전자상거래 패키징 수요를 증가시킬 것으로 예상되는 몇 가지 요인입니다. Data Bridge Market Research는 전자상거래 패키징 시장이 예측 기간 동안 15.2%의 CAGR로 2029년까지 6,555.54백만 달러에 도달할 것으로 분석합니다. "상자"는 전자상거래 패키징 수요 증가로 인해 해당 시장에서 가장 눈에 띄는 제품 세그먼트를 차지합니다. Data Bridge Market Research 팀이 큐레이팅한 시장 보고서에는 심층적인 전문가 분석, 수입/수출 분석, 가격 분석, 생산 소비 분석 및 기후 사슬 시나리오가 포함되어 있습니다.

Market Definition

E-commerce packaging is an essential part of branding. The first natural contact customer with a particular brand often handles the package delivered to him when shopping online. This is a rare opportunity for companies to create a good impact and strengthen or ruin their brand image. Due to broken or poor quality packaging, Premium packaging can increase customers' loyalty. Even stronger by recent third-party online retailers advertise on their products. Industry professionals anticipate other retail stores and distribution companies to adopt this model. Packaging will boost revenue and incorporate innovative forms of cross-branding and marketing.

Regulatory Framework

South Korea’s Ministry of Food and Drug Safety (MFDS) has issued a notice containing the latest national requirements for food contact materials (FCMs). Issued within the country’s “Standards and Specifications for Utensils, Containers and Packaging,” the notice sets out a range of updates, including:

• Adding polyketones as an additional raw material
• Grouping of synthetic resins that have similar structures into a set of nine categories
• Presenting specifications for each material type (including synthetic resins, rubber, paper, metals, glass, ceramics, and others) in the form of a table
• Adding new requirements for active and intelligent packaging
• Introducing new regulations on the use of recycled synthetic resins, including updated standards for recycled polyethylene terephthalate (PET).

COVID-19 had a Minimal Impact on E-commerce packaging Market

COVID-19 pandemic caused a sudden lockdown in many parts of the world to prevent the spread of the virus, which resulted in rapid closing down of factories, shops, and others. The rapid decline of demand and supply and travel bans led to the downfall of the non-essential product's market globally. The pandemic has made a significant negative impact on the economy due to less demand, shortage of employees in the factory, also travelling ban led to a shortage of raw materials, thus stopping the production of E-commerce packaging products. However, with the lockdown being relaxed and vaccination drives happening in Korea, the workflow has started increasing, thus, helping the market players to make a comeback. Government’s regulations and support regarding the growth in the economy and rising start-ups are expected to surge the valuation of Korea e-commerce packaging market during the forecast period. The demand for E-commerce packaging was rising during the pandemic owing to increased online shopping, but supply chain disruption hampered the growth up to some extent.

The Market Dynamics of the E-Commerce Packaging Market Include:

Drivers/Opportunities in the E-Commerce Packaging Market

• Growing demand for sustainable packaging solutions

The concept of sustainable packaging has grown with the growing inclusion of sustainable development concepts at various levels in industrial and institutional platforms. Emitting chemical materials, waste, air, soil and water quality degradation, climate change, and other current problems negatively affect the packaging industry.

• Rising demand for secondary packaging and protective packaging for electronic goods

As e-commerce shifts from an existing distribution network to a fragmented customer network, a modern system of initiatives is being created to provide direct fulfillment to satisfy different criteria. As these transformations are better understood, developing responsive strategies will improve. Making sure that unintended impacts are avoided remains essential. To this, communication and coordination around the supply chain are important. By collaborating, the industry can take advantage of this opportunity to integrate sustainability into supply chains much earlier in its development.

• Growing popularity of smart packaging

Consumers expect intelligent opening and packages that can be easily opened without using tools. A strip of tear is preferred, and the package should be opened. The goods should be well delivered, preferably with a personal touch, which transmits the impression that someone particularly packs the package for them. Articles shall arrive in perfection without excessive filling material or space, as they are well protected. This is particularly important as consumers are looking to find sustainable solutions when it comes to products and packaging.

• COVID-19 pandemic increased dependency on grocery shopping to e-commerce

Contradictory to anything the world has ever seen in the COVID-19 crisis, the countries, institutions and business leaders face difficult choices with unprecedented uncertainty levels. In the short term, orientation is crucial, that the crisis becomes clearer and the social and economic order will constantly shape as for many recent disasters, the future has become the situation. Society trends are changing rapidly as we work, learn, shop and use technology. While these developments have already formed before the crisis, we see an escalation contributing to a new normal crisis. Although a short-term reaction is important to live, the winners will be taken in the long run.

Restraints/Challenges faced by the E-Commerce Packaging Market

• Increasing packaging cost for e-commerce companies reduced their bottom line

Consumers get a lot better aware of their impact, and they want to buy decisions about just what their companies want to do to offset their operations' impact. However, this is necessary for you to consider when doing so the triggers of the rise in average packaging prices and the different aspects in which they can be offset. It is important to take advantage of the available value-added services, make the packaging function harder, ensure optimal quality, and take advantage of acceptable value-added services.

• Greater technological understanding than required for other packaging forms

Technology has proven to be a general-purpose tool that has been embedded and integral in the market models of companies that work around the industry because the tool becomes innovative, and the cost of technology continues to decline. Enterprises in all sectors will now plan and develop their business models in compliance with the technical capability to boost competitiveness and productivity and meet global markets. Benut zing advances in communication and processing capacities, transaction costs have been reduced, and their reach has expanded to global markets for enterprises across all sectors.

Recent Developments

• In April 2022, Amcor Rigid Packaging (ARP) and Danone launched a 100% recyclable bottle for the Villavicencio water brand. It is made from 100% recycled content and has a reduced carbon footprint of 21% compared to the old bottle. This development will attract new customers who are in search of innovative products.

Korea E-commerce packaging Market Scope

The E-commerce packaging market is segmented based on product, materials, printing technology, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Boxes
• Protective Packaging
• Tapes And Labels
• Bubble Wrap
• Security Envelopes
• Packets
• Others

Based on product, the Korea E-commerce packaging market is segmented into boxes, protective packaging, security envelopes, tapes and labels, packets, bubblewrap, and others. The boxes segment is expected to dominate the Korea E-commerce packaging market as they are considered the most stable base for the packaging.

Materials

• Plastic
• Paper
• Wood
• Metal
• Glass

Based on materials, the Korea e-commerce packaging market is segmented into glass, paper, wood, plastic, metal, and others.

Printing Technology

• Flexo Printing
• Digital Printing
• Litho Laminate Printing
• Offset Lithography
• Others

Based on printing technology, the Korea e-commerce packaging market is segmented into flexo printing, digital printing, litho laminate printing, offset lithography, digital printing, and others.

Application

• Electronics and Consumer Goods
• Apparel and Accessories
• Cosmetic, Home Care and Personal Care
• Food and Beverages
• Home Furnishing
• Auto Parts
• Healthcare
• Recreation Goods
• Others

Based on application, the Korea e-commerce packaging market is segmented into electronics and consumer goods, apparel and accessories, cosmetic, home care and personal care, food and beverages, home furnishing, auto parts, healthcare, recreation goods, and others.

End-user

• Traditional E-Commerce Retailers
• Third Party and Logistics Companies
• Brick and Motar Retailers
• Specialty Retailers
• Others

Based on end-user, the Korea E-commerce packaging market is segmented into traditional e-commerce retailers, third party and logistics companies, brick and mortar retailers, specialty retailers, and others.

Competitive Landscape and E-commerce packaging Market Share Analysis

The E-commerce packaging market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to e-commerce packaging market.

Some of the major market players engaged in the Korea E-commerce packaging market are International Paper, NIPPON PAPER INDUSTRIES CO., LTD., Mondi, Amcor Plc, Sealed Air, Rengo Co., Ltd., AptarGroup, Inc., WestRock Company, Yamakoh, Co., Ltd., CHUOH PACK INDUSTRY CO., LTD., Holmen Iggesund, among others.

SKU-68426