In 2022, global e-commerce sales stood at $5.63 trillion which represents nearly 19 percent of retail sales worldwide. Forecasts indicate that over the next five years, the online segment will make up close to a quarter of total global retail sales. This provides a fillip to the e-commerce packaging market which has enjoyed a CAGR of 20% since 2017 and expects to grow further.  

The growth will be led by packaging manufacturers who continue to innovate as per the needs of the market.