The online market is worth $10.26 billion, and the global plastic packaging market cannot be underestimated

Due to the rapid development of global e-commerce, the rapid growth of markets such as clothing, consumer electronics and personal care industries has also driven the growth of the global e-commerce plastic packaging market. Data shows that in 2020, the market value has reached US$10.62 billion, and it is expected to reach US$21.78 billion by 2026.

US witnesses significant growth in plastic packaging market

The continued development of e-commerce in the United States has led to an explosion in online sales of consumer packaged goods in the United States, with growth rates exceeding 50% in many cases. In addition, many companies are adopting omnichannel distribution strategies for their products, including online purchases, which has driven the overall growth of e-commerce packaging.

According to the Consumer Electronics Association of America, sales of consumer electronics in the U.S. reached $422 million in 2020. As the demand for consumer electronics continues to grow across the globe, the demand for protective plastic packaging is expected to surge during the forecast period.

In fact, bioplastics are popular among sellers of medicines, food and other necessities because of their wide range of applications, their most common source being fermented starch from corn and wheat, and their high durability and biodegradability .

These plastic packaging are more popular with sellers

Shrink wrap (commonly referred to as shrink wrap and stretch wrap) is particularly widely used in specialized plastic packaging for consumer electronics and media . Compared with shrink film and bags, stretch wrap saves a lot of energy and does not require fuel , which simplifies sellers' inventory. For example, the Mavic Air 2 drone launched in April 2020 contains a smart controller and smartphone display in a cardboard box with protective plastic shrink wrap to avoid damage during transportation.

For small electronic products, blister packaging is ideal. This type of plastic packaging can wrap electronic accessories well , effectively prevent others from tampering, and is convenient and easy to open. For example, Kingston's HyperX Savage EXO, launched in 2019, is packaged in a transparent blister . This plastic, screwless, gray protective shell can well protect the inside of the drive.

In addition, many online retailers prefer to use plastic film packaging for clothing because most clothing is soft and requires little protection. In addition, plastic bags and film packaging can keep the products clean and take up less space, which also saves retailers' costs.

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