Tuesday, January 3, 2023

Q-Commerce Packaging Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos


 

Q-commerce is one of the niche sectors in the online shopping industry and is increasingly getting traction from both consumers and investors. As consumers are looking for fast deliveries thus Q-commerce is solving their daily grocery and food problem whereas investors are finding huge potential in the market due to increasing digital penetration and a growing demography that is looking for home-based service. Packaging is one of the key factors that can either make Q-commerce companies or break their operations totally, therefore companies are increasingly innovating with their packaging. Therefore, it is expected that with the increasing q-commerce market, the number of deliveries will increase eventually increasing the demand for packaging.

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According to UnivDatos Market Insights (UMI)research report “Global Q-Commerce Packaging Market, the market is expected to showcase robust growth during the forecast period. The increasing market for q-commerce owing to its convenience and the rising working population that is looking for fast home services are two of the key factors that are driving the market for the Q-commerce packaging industry.

Based on type, the market is categorized into the corrugated board, plastic, paper, and others. Among these, the paper is expected to showcase significant growth over the forecast period. This can be ascribed to the fact that companies are increasingly focusing on sustainable packaging to promote the circular economy. Since paper is considered environmentally friendly, it is expected that during the forecast period companies will focus more on paper-based packaging over its counterpart.

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Based on application, the market is categorized into food, grocery, and others. It is expected that during the forecast period grocery category is likely to showcase significant growth due to the rising number of startups in the grocery landscape. As a result, demand for different types of packaging would be required to meet the requirements of grocery startups.

Asia-Pacific is expected to showcase robust growth over the forecast period

For a better understanding of the market adoption of Q-Commerce Packaging, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. The Asia-pacific is expected to showcase significant growth over the forecast period. The increasing market for q-commerce in the region due to rising urbanization, growing digitalization, and a large base of demography are some of the key factors behind its growth over the forecast period.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Q-Commerce Packaging market include Amcor plc, Mondi plc, The International Paper Company, Smurfit Kappa Group plc, DS Smith plc, Klabin S.A., Georgia-Pacific LLC, Nippon Paper Industries Ltd., Sealed Air Corporation, and Rengo Co. Ltd. These companies are taking several strategic decisions to meet the growing demand and increase their market share.

“Global Q-Commerce Packaging Marketprovides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

Market Segmentation:

1.      By Type (Corrugated Board, Plastic, Paper, and Others)

2.      By Application (Food, Grocery, and Others)

3.      By Region (North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of APAC), and Rest of World)

4.      By Company (Amcor plc, Mondi plc, The International Paper Company, Smurfit Kappa Group plc, DS Smith plc, Klabin S.A., Georgia-Pacific LLC, Nippon Paper Industries Ltd., Sealed Air Corporation, and Rengo Co. Ltd.)

Key questions answered in the study:

1.      What are the current and future trends of the global Q-commerce packaging industry?

2.      How the industry has been evolving in terms of type and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global Q-commerce packaging industry?

5.      What are the customer orientation, purchase behavior, and expectations from the global Q-commerce packaging suppliers across various region and countries?

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