An empirical study conducted, by the University of Michigan – Economic Growth Institute, predicts that e-commerce packaging is projected to increase 11% annually to $22.1 billion in 2023. As e-commerce sales continues on a positive upward trend, the need for packaging is directly correlated. With the necessity for e-commerce packaging rapidly increasing, companies, such as ITB Packaging LLC are diligently planning for the substantial expansion.
E-commerce Packaging Trends
- Boxes are predicted to remain the most popular option, due to their ability to be customized for unboxing experiences, graphic design, and sustainability.
- The global e-Commerce market is projected to increase 11% annually to $22.1 billion in 2023.
- In North American the e-Commerce packaging demand is predicted to expand 8.7% annually to $5.3 billion in 2023.
- The USA will account for 22% of the global growth within e-Commerce packaging.