Our take: During the inaugural E-Pack Summit held in Chicago, brands, packaging suppliers, and delivery companies discussed how e-commerce has altered the art of delivering packages to shoppers... | ----------
Packaging experts are concerned about the environment.
Rather, they’re concerned about how consumers feel about the environment. But they also want packages to arrive on time, intact and in easy-to-open packages, while not making expensive alterations to the supply chain.
But these factors don’t have to be at odds with each other.
E-commerce is still a relatively small part of the overall global packaging market, said Ciaran Little, director of operations Americas for Smithers Pira, a packaging market research and testing company that hosted the conference.
The global packaging market, or the cost of all packaging materials and equipment, is $850 billion in 2017 according to Smithers Pira, with e-commerce packaging accounting for just 3.3 percet of that, or $28 billion.
However, global packaging is expected to grow at just 3 percent per year through 2021, while e-commerce packaging is on track to grow by 14 percent during the same period according to Smirthers Pira.
thumbnail courtesy of digitalcommerce360.com