The global Q-commerce packaging market is likely to showcase robust growth during the forecast period. 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.
Insights Presented in the Report
“Amongst type, plastic accounted the significant portion of the pie”
Based on type, the market is categorized into the 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.
“Amongst application, grocery is likely to showcase significant demand for packaging over the forecast period”
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.
“Asia-Pacific is likely to showcase significant growth during 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. 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.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Q-commerce Packaging Market
6. Q-commerce Packaging Market Revenue (usd Mn), 2020-2028f
7. Market Insights By Type
8. Market Insights By Application
9. Market Insights By Region
10. Q-commerce Packaging Market Dynamics
11. Q-commerce Packaging Market Opportunities
12. Q-commerce Packaging Market Trends
13. Demand And Supply-side Analysis
14. Value Chain Analysis
15. Competitive Scenario
16. Company Profiled
17. Disclaimer
Research Methodology for Global Q-Commerce Packaging Market Analysis (2020-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of Q-commerce packaging, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of Q-commerce packaging through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Q-commerce packaging market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by type and application. Further regional and country-level analyses were conducted to evaluate the overall adoption of Q-commerce packaging globally.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Q-commerce packaging. Further, we conducted factor analysis using dependent and independent variables such as the increasing preference for under 10-minutes delivery and digitalization. A thorough analysis was conducted of demand and supply-side scenarios considering the increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the Q-commerce packaging industry.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants by Stakeholders and Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Q-Commerce Packaging market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of type and application.
The main objective of the Q-commerce packaging market study
The current & future market trends of global Q-commerce packaging were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
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