The mushrooming demand for various consumable and non-consumable products, on account of the surging global population, is pushing up the requirement for retail e-commerce packaging solutions across the world. As per the United Nations Department of Economic and Social Affairs (UNDESA), the total population of the world is soaring rapidly. It is predicted to grow from 7.6 billion in 2019 to 8.6 billion, 9.8 billion, and 11.2 billion by 2030, 2050, and 2100 respectively.
Additionally, the increasing penetration of the internet and the growing usage of smartphones are fueling the demand for retail e-commerce packaging solutions across the world. This is because the rapid expansion of digital industries such as the e-commerce industry, on account of the soaring internet penetration, is positively impacting the demand for various packaging materials. Apart from these factors, the ongoing COVID-19 pandemic is also fueling the growth of the retail e-commerce packaging market around the world.
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As per the World Trade Organization, the imposition of lockdowns, social distancing, and several other protective measures for controlling the spread of the infection in various countries has caused a sharp surge in various online shopping activities, teleconferencing and web conferencing usage, film and video streaming, and social media usage. This has, in turn, propelled the business-to-customer (B2C) sales of household essentials, food products, and medical supplies all over the world.
Across the globe, the Middle East and Africa retail e-commerce packaging market is predicted to demonstrate the fastest growth in the upcoming years. This will be a result of the implementation of various government policies in the regional countries such as the U.A.E. and Saudi Arabia for reducing the economic dependence of these countries on the oil and gas industry and fueling growth in various other sectors such as e-commerce.
Hence, it can be said with surety that the demand for retail e-commerce packaging will shoot-up across the world in the coming years, primarily because of the burgeoning requirement for different consumable and non-consumable products and the increasing popularity of e-commerce in various countries.
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