Consumer Electronics Packaging - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Consumer Electronics Packaging Market is expected to grow at a CAGR of 13.1% during the forecast period. Some of the key factors propelling the market growth include growing digitisation, increasing penetration of mobile phones and smart computing devices such as e-readers, smartphones, tablets and laptops, and commoditisation of consumer electronics products. However, shifting regulatory environment and falling average disposable income levels are likely to hamper the market.
By product type, corrugated boxes segment is anticipated to grow at the significant rate during the forecast period. Some of the major factors responsible for the growing preference for corrugated box packaging are the increase in trading activities across the globe, growing used in packaging materials due to its lightweight property, durability, and reusability and recyclability. In addition, they are also increasingly used in retail packaging sector due to various developments in the product packaging design innovations.
On the basis of geography, North America region is expected to have considerable market growth during the forecast period. Changing consumer buying patterns such as purchase of consumer electronic products in supermarkets is driving the growth of innovative packaging products across North America. This shifting buying trend has helped reduce operational overhead costs at the consumers’ side and is boosting the demand for the packaging of consumer electronics products. The North America region is also witnessing demand for single material, environmental friendly and easy-to-use consumer electronics packaging.
Some of the key players in Consumer Electronics Packaging Market include Mondi Group, Smurfit Kappa Group PLC, Sealed Air Corporation, UFP Technologies, Inc., Shenzhen Hoichow Packing Manufacturing Ltd., DS Smith Plc, WestRock Company, Sonoco Products Company, Plastic Ingenuity Inc., Parksons Packaging Ltd., Huhtamaki Oyj, Hangzhou Xunda Packaging Co., Dordan Manufacturing Company, International Paper Company, Stora Enso Oyj, Pregis Corporation, JJX Packaging LLC, Neenah Paper Inc., Universal Protective Packaging, Inc., and Dunapack Packaging Group.
• Paper & Paperboard
Product Types Covered:
• Bags & Pouches
• Blister Packs & Clamshells
• Corrugated Boxes
• Paperboard Boxes
• Protective Packaging
• Thermoformed Trays
• Electronic Wearable
• Digital Media Adapters (DMRs)
• TVs, DTH & Set-Top Boxes
• Music Systems
• Mobile Phones
• Camcorders & Cameras
• Printers, Scanners & Photocopy Machines
• Game Consoles & Toys
• Distribution Sales
• Direct Sales
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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