With a compound yearly growth rate (CAGR) of 9.8% over the forecast period, the consumer electronics packaging market is expected to rise from US$ 22.2 billion in 2022 to US$ 35.4 billion in 2027. Future Market Insights (FMI) estimates that the consumer electronics packaging industry will produce $20.2 billion in revenue in 2021. The market is anticipated to have increased in value by 1.6 times by the end of 2027.
The production of packaging materials especially suited for consumer electronics items is a specialty of the consumer electronics packaging industry. Included in this are packaging choices including boxes, trays, inserts, and protective materials that guarantee the secure transit and customer display of electrical gadgets.
The sector is experiencing profitable expansion, with global revenues seeing a 9.9% increase in 2021. According to FMI’s latest forecast, the consumer electronics packaging market is expected to present a fantastic opportunity worth US$ 13.2 billion throughout the anticipated timeframe.
FMI anticipates conducting a comprehensive analysis of the dynamics of the consumer electronics packaging market, which are primarily influenced by various industry factors. Additionally, there are specific considerations regarding the use of PVC polymer material due to its potential degradation at high temperatures, which could potentially harm the products.
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Key Takeaways
- Technological advances in the packaging industry include innovative packaging solutions with a new, unique, vibrant and memorable design with minimal aesthetics that is driving the growth of the market.
- The market for consumer electronics packaging is estimated to increase by 40 basis share points (BPS) in H1-2022 (O) against comparison with H1-2021, according to an FMI analysis. However, when comparing the H1-2022 projected and H1-2022 outlook period, a rise in BPS change by 20 BPS has been noticed.
- The prospects of the consumer electronics packaging market to prosper over the forecast years are skyrocketing accounting for the adoption of electronic devices in smart homes boosting the demand for consumer electronics packaging.
- The expansion of consumer electronics packaging is projected throughout the forecast period because the advanced prevents the product from physical damage, electrostatic discharge, mechanical damage and others.
- The Asia Pacific region followed by the North American region is projected to hold approximately 57% of the global consumer electronics packaging 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
Regional Outlook:
India’s Growing Electronic Device Market Boosts Consumer Electronics Packaging Sector
The ever-growing electronic device market in India is projected to remain a revenue-generating sector for the consumer electronics packaging market. With the consumer electronics market in India expected to reach around US$ 1515.0 million by 2027, there is a significant opportunity for packaging manufacturers.
India has witnessed a substantial increase in demand for electronic products, and the electronic manufacturing sector is anticipated to reach US$ 220 billion by 2025. This growth is driven by strong policy support, substantial investments from multiple stakeholders, and a surge in demand for electronic devices.
China’s Massive Production of Paper and Paperboard Boxes Drives Consumer Electronics Packaging Market Growth
China’s massive production of paper and paperboard boxes has supplemented the growth of the consumer electronics packaging market. The country represents a US$ 4.0 billion incremental opportunity for consumer electronics packaging paper manufacturers during the forecast period.
Notably, several large paper and paperboard producers in China have invested significantly in modernizing and expanding their facilities. For example, Yueyang Forest & Paper Group, a state-owned organization based in Hunan province, has transformed into one of China’s leading paper producers with substantial government assistance.
The industry growth in China is primarily driven by domestic demand, technological advancements, and increased production of high-quality products. This extensive production of paper and paperboard in
Key Benefits for the Consumer Electronics Packaging Market:
- Porter’s five forces analysis: The application of Porter’s five forces framework helps in evaluating the bargaining power of buyers and suppliers, as well as assessing the competitive landscape of the industry. This analysis provides valuable insights for strategy development and decision-making.
- Regional revenue mapping: The report identifies and maps major countries in each region based on their individual revenue contributions to the global or regional consumer electronics packaging market. This information allows for a better understanding of the market’s geographical dynamics and 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 enables stakeholders to identify and capitalize on 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 assists in comprehending the competitive landscape and gaining 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.
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