According to a new report published by UnivDatos Markets Insights, the q-commerce packaging market is expected to grow at a robust rate from 2022-2028. The analysis has been segmented into the type (corrugated board, plastic, paper, and others); application (food, grocery, and others); region/country.
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The Q-commerce packaging market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the market. The Q-commerce packaging market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository estimates the Q-commerce packaging market at the global and regional levels.
Market Overview
The q-commerce packaging industry is highly competitive in nature with the presence of large numbers of small-size local players. As a result, companies operating in this segment face a lot of difficulties in maintaining prominent market positions. However, the global q-commerce market is anticipated to witness an uptick with the democratization of the internet coupled with growing investment in AI and other advanced technology that monitor demand and adjust inventory in real-time. This, in turn, will directly boost the consumption of packaging as it is one of the crucial components of the entire value chain. Further, an increasing number of startups in the market of under 10 minutes delivery is creating demand for new types of packaging solutions which not only protect the final product but also does not significantly increase the operation cost of q-commerce players. Moreover, investors’ traction towards the q-commerce business owing to high growth potential during the foreseeable future is likely to increase the market for q-commerce thereby fueling the growth of the q-commerce packaging industry.
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COVID-19 Impact
The outbreak of Covid-19 has positively influenced the market size of q-commerce packaging in 2020. Despite the lockdown restriction, the shutdown of manufacturing facilities and various industries. Essential services such as groceries, medicines, and food products can be purchased for limited hours in a day to maintain social distancing. Moreover, with the rising adoption of online shopping customer behavior and purchasing habits have changed for convenience, urbanization, and busy lifestyles have transformed shopping.
The global Q-commerce packaging market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on type, the market is categorized into corrugated board, plastic, paper, and others. Among these, plastic-type packaging held a significant share of the market. This can be ascribed to the fact that in q-commerce, the product is delivered under 60 minutes thereby the final product requires limited protection compared to when a product is delivered through an e-commerce channel. Further, limited touch points in q-commerce delivery make plastic packaging a preferred option among companies
· Based on application, the market is categorized into food, grocery, and others. Among these, the groceries segment is gaining extensive traction in the Q-commerce packaging market and is expected to witness influential growth in the forecasted period as well. The shift in consumer behavior from value-seeking to convenience-seeking results in frequent small-size purchases versus larger, monthly purchases is positively influencing the adoption of q-commerce
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Q-Commerce Packaging Market Geographical Segmentation Includes:
· North America (The United States, Canada, and the Rest of North America)
· Europe (Germany, The United Kingdom, France, Italy, Spain, and the Rest of Europe)
· Asia-Pacific (China, India, Japan, and the Rest of Asia-Pacific)
· Rest of the World
The Asia-Pacific caters to an extensive share of the Q-commerce packaging market and is expected to witness influential market growth in the forecasted period as well. It is mainly owing to the growing reliance on Q-commerce among consumers as they experience the benefits of having goods and services delivered right to their homes. For instance, according to GSMA, in 2020, 64% of the population have mobile internet connectivity in East Asia and the Pacific and 4G coverage has increased from 35% of the population in 2019 to more than 50% in 2020.
The major players targeting the 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 Co. Ltd.
· Sealed Air Corporation
· Rengo Co. Ltd.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Q-commerce packaging market?
• Which factors are influencing the Q-commerce packaging market over the forecast period?
• What are the global challenges, threats, and risks in the Q-commerce packaging market?
• Which factors are propelling and restraining the Q-commerce packaging market?
• What are the demanding global regions of the Q-commerce packaging market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
About UnivDatos Market Insights (UMI)
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About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analyses, and customized reports that help shape winning business strategies for our clients.
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