The Consumer Electronics Packaging Market is undergoing a substantial transformation, characterized by impressive growth and innovative trends. With revenues reaching US$ 22.2 billion in 2022 and projected to soar to US$ 35.4 billion by 2027, the market showcases a robust Compound Annual Growth Rate (CAGR) of 9.8%. In 2021, the sector experienced a noteworthy upswing of 9.9% YoY, as indicated by Future Market Insights (FMI). This trend is poised to create an incremental opportunity of US$ 13.2 billion during the forecasted period.
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Notably, the Asia Pacific and North American regions are anticipated to jointly hold an imposing 57% share of the global consumer electronics packaging market by 2027. This market’s evolution is fueled by novel packaging solutions that boast unique, vibrant, and memorable designs, aligning with minimalistic aesthetics. Recent expansions, such as Smurfit Kappa Group’s investment of US$ 33 million to enhance plant capacity in Brazil for shelf-ready packaging, underscore the industry’s commitment to innovation and growth. However, challenges related to materials like PVC polymer, which can degrade under high temperatures and potentially harm goods, highlight the importance of sustainable and resilient packaging solutions in this dynamic landscape.
The report begins with a brief presentation and overview of the Consumer Electronics Packaging market, about the current market landscape, market trends, major market players, product type, application, and region. It also includes the impact of COVID-19 on the global Consumer Electronics Packaging market trends, future forecasts, growth opportunities, end-user industries, and market players. It also provides historical data, current market scenario and future insights on Consumer Electronics Packaging market. This study provides a comprehensive understanding of market value with the product price, demand, gross margin, and supply of the Consumer Electronics Packaging market. The competitive perspective section of the report presents a clear insight into the market share analysis of the major players in the industry.
Increasing demand for protective packaging for electronic products and growing consumer preference for eco-friendly packaging at affordable prices have encouraged manufacturing companies to develop advanced packaging materials. Moreover, rising demand for rigid and retail-ready packaging such as folding carton packaging from consumer electronic makers is expected to open lucrative opportunities for existing and emerging market players during the forecast period.
Competitive Landscape
Pioneering and small-scale manufacturers throughout the global consumer electronics packaging market are focusing on the understanding of the current needs of brand owners and producing consumer electronics packaging solutions accordingly. Furthermore, these players are implementing marketing strategies such as mergers and acquisitions in order to expand their business reach and strengthen their market position.
For instance,
- In December 2021, the Swedish paper giant, BillerudKorsnäs made deal with Verso, a North American paperboard manufacturer. This deal will be one of the most cost-efficient in the history of the packaging industry as it will help to grow paperboard platforms in North America.
- In October 2021, De Jong Packaging has purchased De Hoop paper mill, Netherlands from DS Smith. In comparison to other companies, the mill primarily produces heavy weight grades of recycled paper.
Key Companies Profiled:
DS Smith Plc,cMondi Group,cInternational Paper Company,cSonoco Products Company,cSealed Air Corporation,cHuhtamaki Oyj,cSmurfit Kappa Group PLC,cWestRock Company,cUFP Technologies, Inc.,cStora Enso Oyi,cPregis Corporation,cShenzhen Hoichow Packing Manufacturing Ltd.,cDordan Manufacturing Company,cHangzhou Xunda Packaging Co.,cDunapack Packaging Group,cJJX Packaging LLC
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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
By Material Type
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Poly Vinyl Chloride (PVC)
- Polyamide (PA)
- Polyethylene terephthalate (PET)
- Polystyrene (PS)
- Others
- Paper & Paperboard
- Others
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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