The consumer electronics packaging market is set to witness a robust CAGR of 9.8% during the forecast period, reaching a value of US$ 35.4 billion in 2027. Future Market Insights (FMI) estimates that the industry’s revenues will soar from US$ 20.2 billion in 2021 to 1.6 times that value by the end of 2027.
Specializing in creating packaging materials tailored for electronic devices, the consumer electronics packaging industry offers boxes, trays, inserts, and protective materials to ensure secure transportation and attractive display of gadgets to customers.
FMI’s in-depth analysis focuses on various industry factors, including the significance of selecting appropriate materials and addressing temperature-related challenges in packaging consumer electronics. The market is driven by the growing demand for electronic devices and the need for secure and visually appealing packaging solutions.
Key Takeaways:
- Technological advances drive growth with innovative packaging solutions featuring unique designs and minimal aesthetics.
- The market is projected to increase by 40 BPS in H1-2022 compared to H1-2021, with a rise in BPS change by 20 BPS in the projected and outlook periods.
- Adoption of electronic devices in smart homes boosts the demand for consumer electronics packaging, driving market prospects.
- Advanced packaging prevents physical damage, electrostatic discharge, and mechanical damage, fueling market expansion.
- Asia Pacific and North America are expected to hold around 57% of the global market by the end of 2027
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More Insights into the Consumer Electronics Packaging Market
According to National Investment Promotion & Facilitation Agency (NIPFA), India has witnessed an opulent increase in demand for electronic products that has led to a significant rise in the consumer electronics packaging market with sales of around US$ 756 Mn in the year 2021 and is expected to reach around US$ 1515.0 Mn by the year 2027.
The Indian electronic manufacturing sector is anticipated to reach US$ 220 billion by 2025, due to strong policy support, massive investments by multiple stakeholders, and a surge in demand for electronic products.
Massive sales were witnessed for paper and paperboard boxes-based packaging solutions in China, the country is expected to represent a US$ 4.0 Bn incremental opportunity for consumer electronics packaging paper manufacturers during the forecast period of 2022-2027.
Key Players:
- DS Smith Plc
- Mondi Group
- International Paper Company
- Sonoco Products Company
- Sealed Air Corporation
- Huhtamaki Oyj
- Smurfit Kappa Group PLC
- WestRock Company
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Regional Outlook:
India’s thriving electronic device market is poised to fuel growth in the consumer electronics packaging sector. With the consumer electronics market in India expected to reach around US$ 1515.0 million by 2027, packaging manufacturers have a significant opportunity in the country.
Meanwhile, China’s massive production of paper and paperboard boxes has significantly contributed to the expansion of the consumer electronics packaging market. The country presents a US$ 4.0 billion incremental opportunity for consumer electronics packaging paper manufacturers during the forecast period.
Key Benefits for the Consumer Electronics Packaging Market:
- Porter’s Five Forces Analysis: The application of Porter’s five forces framework allows for a comprehensive evaluation of the consumer electronics packaging market. It helps assess the bargaining power of buyers and suppliers, as well as analyze the competitive landscape. This analysis provides valuable insights for strategy development and decision-making.
- Regional Revenue Mapping: The report identifies and maps major countries within each region based on their revenue contributions to the global or regional consumer electronics packaging market. This information enables a better understanding of the market’s geographical dynamics and identifies potential growth areas.
- Current Trends and Future Scenario: The report outlines the present trends in the consumer electronics packaging market and provides insights into the anticipated future scenario from 2022 to 2027. Understanding these trends and future projections allows stakeholders to identify existing opportunities and potential investment pockets.
- Key Player Profiles: The report includes profiles of key players in the consumer electronics packaging market, highlighting their strategic developments and initiatives. This information helps stakeholders comprehend the competitive landscape and gain insights into the strategies employed by market leaders.
- Impact Analysis of Drivers, Restraints, and Opportunities: The study analyzes the key drivers, restraints, and opportunities in the consumer electronics packaging market and provides a detailed impact analysis of these factors. This helps stakeholders understand the market dynamics and make informed decisions regarding their investments and business strategies
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Consumer Electronics Packaging Market By Category
By Product Type:
- Corrugated Boxes
- Paperboard Boxes
- Thermoformed Trays
- Bags & Pouches
- Blister Packs & Clamshells
- Protective Packaging
- Others
By Application:
- Mobile Phones
- Computers
- Laptops & Tablets
- Desktops & Servers
- TVs, DTH & Set-Top boxes
- Music Systems
- Printers, Scanners & Photocopy Machines
- Game Consoles & Toys
- Camcorders & Cameras
- Electronic Wearable
- Digital Media Adapters
- Others
Why Choose FMI?
- Authentic Method: To ensure high-level data integrity, accurate analysis, and impeccable forecasts
- Agile Approach: A faster and efficient way to cater to the needs with continuous iteration
- Targeted Market View: Targeted market view to provide pertinent information and save time of readers
- Analyst Support: For complete satisfaction of our customers
- Customization: Customization of the report’s scope as needed to meet your requirements.
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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