Rising production and sales of the Europe & USA consumer electronics packaging market. In recent years, the adoption of mobile communication and computing devices has increased significantly. This in turn is fueling consumer electronics packaging sales.
Europe’s consumer electronics packaging market is set to reach USD 6.4 billion by 2033. While the USA consumer electronics packaging market will cross USD 3.3 billion in 2033. Consumer electronics sales in the Europe market will surge at 4.8% CAGR between 2023 and 2033. While the United States consumer electronic packaging market is set to expand at 3.5% CAGR
The growing penetration of smartphones and computing devices will elevate the demand for protective packaging. Products such as folding cartons and corrugated boxes are gaining popularity across Europe.
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Cellphones and tablets are generally packed in folding cartons and laptops. While desktops are sold in corrugated boxes. Rising adoption of these devices is also creating high demand for protective packaging. This includes products such as bubble wraps and air pillows.
Consumer electronics packaging helps companies to protect several fragile electronic products during shipping. They also offer remarkable printable features. Hence, growing need for printed eye-catching packaging products will boost sales.
Increasing need for eco-friendly and sustainable packaging is triggering sales in the sales. Growing concerns about increasing plastic waste from packaging will propel sustainable packaging demand.
Paper and paperboard-based products employed for consumer electronics packaging sustainable and biodegradable. Such products can be composted, landfilled, or recycled without harming the environment.
Paper & paperboard-based consumer electronics packaging can be reused several times. This makes it a sustainable form of packaging. Various renowned consumer electronic brands are adopting sustainable packaging solutions for their offerings.
Leading manufacturers are adding sustainable products to their existing portfolio. The availability of sustainable packaging solutions will help the market to expand.
Key Takeaways from Europe & USA Consumer Electronics Packaging Market
- Europe & USA consumer electronics packaging market is set to exhibit steady growth.
- Europe consumer electronics packaging market will expand at 4.8% CAGR through 2033.
- Consumer electronics packaging sales across the United States are set to rise at 3.5% CAGR.
- Paper & paperboard material segment will hold around 3/5th share of the market by 2033.
- Rigid boxes segment will hold a prominent share of the market.
- The electronic wearable segment is set to expand 2.0 times the current market value by 2033
- Western Hemisphere to Yield Billion $ Revenue in Consumer Electronics Packaging, amid Spiking Electronics Device Sales
- Germany
- Italy
“Consumer electronics packaging is gaining enormous market acceptance in Europe & USA. This is because these packaging solutions are designed to be strong yet lightweight. They provide world-class printing and design capabilities. Besides this, they provide effective protection against impact, moisture, and electrostatic discharge.” says an FMI analyst
Growing Online and Travel Retailing Anticipated to Assist Expansion
In recent years, popularity of online retailing and e-commerce sites has increased significantly. This has created high-profit business models for manufacturers and sellers of consumer electronics.
Through online retailing model, consumer electronics brand can ship products to customers. This will cut extra costs and margins included in traditional retailing.
Frequent changes in buying patterns are creating high demand for packaging solutions. Growing online retailing practices are encouraging manufacturers to produce packaging products that are suitable for online retailing.
Growing popularity of travel retailing will further boost consumer electronics packaging sales. Rise in travel retail sales across Europe and the USA is expected to bode well for the market.
Who is Winning?
Key consumer electronics packaging manufacturers are DS Smith PLC, WestRock Company, Mondi Group, Sonoco Products Company, International Paper Company, Smurfit Kappa Group PLC, Stora Enso Oyj, Pregis LLC, Sealed Air Corporation, UFP Technologies, Inc., and Nefab Group.
Also, other noticeable players in the market include Mayr-Melnhof Karton AG, Billerud AB, Europe Packaging B.V., PakFactory, Dordan Manufacturing Company, Wolters Packaging Czech Ltd., and others. The tier 1 players in the market held around 45 to 50% of the market in 2022.
Europe & USA Consumer Electronics Packaging Market Segmentation
By Material Type:
- Plastic
- Paper & Paperboard
- Molded Fiber
By Product Type:
- Folding Cartons
- Rigid Boxes
- Trays
- Bags & Pouches
- Blister Packs & Clamshells
- Other Protective Packaging (Wrapping Films, Loose Fill, Inserts & Dividers, etc.)
By Application:
- Mobile Phones
- Computers
- Music Systems
- Cameras
- TV
- Electronic Wearables
- Digital Media Adapters
- Other Consumer Electronics
By Region/Country:
- Europe
- USA
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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