The Effect of COVID-19 Spread on the E-Commerce Market 2020
Imbalance of fulfilling the consumer’s demand with respect to groceries and other essentials item has made the e-commerce industry into limelight due to the COVID-19 pandemic. As the people have two options either to visit the supermarket personally or to order their respective product via online.
It has led to the rise in popularity of digital e-commerce web platform like shipt, Walmart, Instacart, Amazon and many more as numerous people finds digital e-commerce services reliable and safe during this time. Almost every customers practicing social distancing rely on this home delivery service the most and are willing to continue this for the next time as well. This has also changed the shopping behavior of the consumers on the geographical level. For instance, it has been witnessed that as compared to U.S., countries like Germany, U.K. and Japan do lack in shopping criteria basically in essential food items and groceries.
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This can be due to the leniency of U.S. law towards this COVID-19 Global E-Commerce Packaging Market, By Form (Boxes, Bags, Tapes, Protective Packaging, Labels, Mailers, Others), Materials (Plastics, Corrugated Board, Paper & Paperboard, Glass, Others), End-User (Electronics and Electrical, Apparels and Accessories, Personal Care, Household, Food and Beverages, Retail, Automotive, Pharmaceuticals, Others), Country (U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Hong-Kong, Taiwan, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global E-Commerce Packaging Market
E-commerce packaging market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 14.0% in the forecast period of 2020 to 2027 and is expected to reach USD 95,411.25 million by 2027. Increasing demand of apparels and accessories among consumers is a driving factor for the market growth.
Growing popularity of smart packaging and COVID-19 pandemic increased the dependency of grocery shopping to e-commerce medium for e-commerce packaging products that drives the market growth. The government rules and regulations regarding packaging will also restrain the demand of the e-commerce packaging market.
The growing demand for sustainable packaging solutions will act as the opportunity for the e-commerce packaging market. Greater technological understanding than required for other packaging forms acts as the challenge for the e-commerce packaging market.
This e-commerce packaging market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the e-commerce packaging market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
In 2020, the e-commerce industry was expected to do a business of around USD 6.0 trillion but due to lockdown and delivering of only the essential items seems that this number will not be achieved. B2C e-commerce companies can only deliver the essential products and services to their customer but in case players involved in B2B are under the lockdown completely. With the shutdown of the factories, in appropriate amount or nil of raw material, workers at home, blocked logistic services results into no product, no administration and no transaction. Moreover, the e-commerce organization has to keep their warehouse worker and delivery agent safe from this Covid infection. This can be done by taking proper measure like continuous sanitization of the workplace, access to mask, gloves and instant medical consideration to those agents with Covid symptoms so that the respective companies can serve their customers regularly and efficiently.
The coming month is considered to be tough time for the e-commerce industry as increasing number of death rate due to COVID-19 is making the government to release a curfew in many countries. The respective players have to work in close collaboration with the local authorities as well as the governments so as to run their business efficiently by offering in need with helping hand.
Top rated pointers from the E-Commerce Software market report:
· The competitive arena of the E-Commerce market comprises of Magento,Woocommerce,ECStore,WooCommerce,Shopify,BigCommerce,VTEX,BlueHost,Wix,Tictail andYoKart.
· Crucial information about market remuneration, production patterns, manufactured products, and company profile, is enclosed in the report.
· Information regarding market share, price patterns, and gross margins of each company is documented.
· Based on the product type, the E-Commerce market is bifurcated into On-Premise,Cloud-Based andHybrid.
· Volume predictions and revenue of each product segment over the analysis period is given in the report.
· Other features like growth rate, production patterns, and market share of each product segment over the forecast timespan are provided.
· The application spectrum of the E-Commerce market is split into Retail,Financial Services andCommunications.
· It provides insights of market share evaluation for each application and forecasts the growth rate during the anticipated timeline.
· The study discusses the competition trends, along with providing an in-depth analytical review of the industry supply chain.
· It also recognizes Portal’s five forces analysis and SWOT assessment to infer the feasibility of a new project.
Browse Related Report:
· Global E-Commerce Packaging Market – Industry Trends and Forecast to 2027