Ecommerce has a huge impact over the modern economy. In fact, during the last most discussed recession period, ecommerce was the only business sector that managed to make profitable business throughout the world. It is more of a trend that is ever growing and ever persistent. It has direct impact over many industries like retail, software, packaging and many more. Hence, it would not be an exaggeration to claim ecommerce as the future of everything in and around what we consider business and trade today.
Ecommerce has high relevance in the way things are packaged and delivered and the concept of ecommerce depends on it extensively and so is its future. In this piece of writing, we will find the impact of ecommerce over the packaging industry.
Relation between Ecommerce and Packaging Industry
There is a big relationship between ecommerce and packaging industry. Packaging industry was considered to be a declining industry couple of decade earlier. But, with the advent of ecommerce, this industry got some fresh air. Now it is completely rejuvenated and highly profitable business sector. As we know that ecommerce promotes online shopping.
Buyers have to place their orders online and seller will ship the orders to buyer’s address. Before shipping orders, a few steps are followed and amongst them the major process is packaging of the goods. The packaging has to be good in order to keep the goods in the state of the art form. Hence, ecommerce and packaging have become integral parts and each others’ strong requirements.
Trend and Future of Ecommerce Packaging
Ecommerce packaging has shown sharp gain in last few decades – all thanks to the changing mindset of buyers through the adoption of online based buying. According to the reports of “Global Market Study on Corrugated Packaging: Global Industry Analysis and Forecast to 2020″, it has been stated that the global packaging market will expand at a steady 4% till the year of 2020.
It looks even better after 2020, as massive ecommerce growth is expected in future. As long as ecommerce industry is growing, packaging industry will not face any difficulties to sustain. In fact, creative or innovative ideas are getting promoted within packaging industry. Better packaging always makes customers satisfied!
The study also revealed that the corrugated packaging industry is booming basically due to the developing end-user industry, like medicine, food, rubber, petroleum, durables, etc. Corrugated packaging industry has some benefits as well. The major benefits of this packaging industry are mainly two. The first one is sustainability and the second benefit is low cost. A perfect combination of these two makes this industry robust and profitable.
Rising Demand, Population and Packaging
Corrugated packaging industry is directly connected with economic growth, rising demand and population growth. Over the years, it has been noted that this industry is blooming in the countries, like China, India, etc. These are such countries, where demands are rising due to population growth. As demand is rising, ecommerce business is doing well in these countries. In coming years, it has been noted that ecommerce growth will be massive in few Asian countries, as demand for goods will rise in such countries.
At present, ecommerce business leads in the USA and UK and thus packaging industry is growing quickly in these parts of the globe. Not just small and medium companies, but also the major and well-known ones are ready to invest in the packaging industry. The future of both corrugated packaging industry and ecommerce looks bright as well as strong. Even after global economic instability, these sectors are continuing with their growth. This is definitely a positive sign.
Globe Packaging, a company which provides quality packaging materials.