Consumer Electronics Packaging Market Size, Share | Industry Trends -2027
Market Overview 2022-2027:
The latest research study “Consumer Electronics Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global consumer electronics packaging market size is expected to exhibit a CAGR of 11.37% during 2022-2027.
Industry Definition and Application:
Consumer electronics packaging refers to enclosure structures that to protect and support consumer electronic devices. Some commonly available consumer electronics packaging are thermoformed trays, blister packs, paperboard boxes, corrugated boxes, pouches, cartons, bags, and clamshells. They are produced from various materials such as polystyrene, paper, polyethylene, polypropylene, polyvinyl chloride, and paperboard to safeguard electronic devices from harsh weather conditions, electrostatic discharge, mechanical damage, corrosion, cooling, radio frequency, noise emission, moisture, chemicals, and radiation. As a result, consumer electronics packaging is extensively used to protect smartphones, computers, tablets, television, digital media adapters, laptops, and electronic wearables.
The market is primarily driven by the significant expansion in the consumer electronics industry across the globe. In addition, the rising adoption of work-from-home (WFH) practices due to the sudden outbreak of the coronavirus disease (Covid -19) pandemic has escalated the demand for electronic devices, which represents another major growth-inducing factor. Moreover, the surging need for secure packaging of electronic gadgets such as tablets, laptops, smartphones, and their accessories, including chargers, earphones, and universal serial bus (USB) cables, and the introduction of innovative packaging solutions in unique and vibrant designs with minimal aesthetics is providing a positive thrust to market growth.
Apart from this, with the rising environmental awareness, manufacturers are widely adopting eco-friendly packaging materials to reduce their carbon footprint. Furthermore, extensive research and development (R&D) activities and the implementation of various government initiatives to promote the adoption of green packaging solutions are propelling the market growth.
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The report has been segmented the market into following categories:
Breakup by Material:
- Thermoformed Trays
- Folding Cartons
- Corrugated Boxes
Breakup by Layer:
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
Breakup by Application:
- Computing Devices
- Television/DTH Box
- Electronic Wearables
Breakup by Geography:
- North America:( United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Dordan Manufacturing Company Incorporated
- DS Smith plc
- International Paper
- Mondi plc
- Pregis LLC
- Sealed Air Corporation
- Smurfit Kappa Group
- Sonoco Products Company
- Stora Enso
- UFP Technologies Inc.
- WestRock Company.
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