Electronic Goods Packaging Market
Electronic Goods Packaging Market Forecasts to 2030 - Global Analysis by Material Type (Plastics, Paper and Paperboard, Metal, Glass, Foam and Other Material Types), Packaging Type (Primary Packaging, Secondary Packaging and Tertiary Packaging), Distribution Channel, Application, End User and By Geography
According to Stratistics MRC, the Global Electronic Goods Packaging Market is accounted for $2.1 billion in 2024 and is expected to reach $3.4 billion by 2030, growing at a CAGR of 8.6% during the forecast period. The materials and procedures used to safeguard, store, and move electronic goods are known as electronic goods packaging. It guarantees the security of sensitive gadgets during handling and transportation, including computers, televisions, and cell phones. Plastics, paperboard, metal, foam, and glass are examples of packaging materials that offer tamper-proofing, cushioning, and protection from the elements.
According to the data from the Indian government, exports of electronic goods increased by 14.41% to USD 2.63 billion in December 2022 compared to USD 2.30 billion in the same month the previous year.
Market Dynamics:
Driver:
Rising demand for consumer electronics
The exponential growth in consumer electronics is driving the electronic goods packaging market. Increasing smartphone penetration, rising disposable incomes and technological advancements are fueling demand for sophisticated electronic devices. Consumers are constantly seeking advanced gadgets with improved features, leading to rapid product innovation. The proliferation of smart devices, including wearables, IoT-enabled products, and home automation systems, further accelerates the need for specialized packaging solutions that protect delicate electronic components during manufacturing, transportation, and storage.
Restraint:
Cost of advanced packaging
Advanced electronic packaging technologies involve significant research and development investments, resulting in higher production costs. Sophisticated packaging solutions require specialized materials, precision manufacturing techniques, and advanced protective mechanisms. These factors substantially increase the overall packaging expenses for manufacturers. Small and medium-sized electronics companies might struggle to adopt cutting-edge packaging technologies due to budget constraints. The complexity of designing protective packaging that meets stringent performance and safety standards further contributes to escalating costs.
Opportunity:
Expansion of e-commerce
The rapid growth of e-commerce presents substantial opportunities for the electronic goods packaging market. Online retail platforms have witnessed exponential expansion, particularly after the COVID-19 pandemic. Increased digital shopping behaviors necessitate robust packaging solutions that ensure product safety during transit. E-commerce platforms require innovative packaging designs that protect fragile electronic items, minimize damage, and reduce return rates. The surge in cross-border online sales and the need for sustainable, lightweight packaging solutions further amplify market potential.
Threat:
Plastic waste concerns
Growing awareness about plastic pollution and stringent regulatory frameworks are compelling manufacturers to reconsider traditional packaging materials. Consumers and governments are increasingly demanding eco-friendly packaging solutions that minimize environmental impact. The electronics packaging industry faces pressure to develop biodegradable, recyclable alternatives to conventional plastic packaging. Failure to address these environmental concerns could result in reputational damage, potential regulatory penalties, and reduced market acceptance.
Covid-19 Impact:
The COVID-19 pandemic transformed the electronic goods packaging market. Increased digital consumption, remote work requirements, and heightened online shopping accelerated packaging demand. E-commerce platforms experienced unprecedented growth, driving innovative packaging solutions. Manufacturers prioritized protective, hygienic packaging designs. Supply chain disruptions prompted companies to develop more resilient packaging strategies. The crisis underscored the critical role of packaging in ensuring product safety and maintaining consumer confidence.
The plastics segment is expected to be the largest during the forecast period
During the forecast period, the plastics segment is anticipated to register the largest market share due to its versatility, cost-effectiveness, and protective properties. Plastic materials offer excellent shock absorption, moisture resistance, and lightweight characteristics essential for electronic component protection. Advanced polymer technologies enable manufacturers to create customized packaging solutions with enhanced durability and performance. Plastic packaging supports miniaturization trends in electronics, providing precise, form-fitting protection for increasingly compact devices. Its adaptability to various manufacturing processes and relatively low production costs further solidify its market leadership.
The online retail segment is expected to have the highest CAGR during the forecast period
During the projection period, the online retail segment is expected to grow at the highest CAGR, driven by transformative digital shopping experiences. Exponential e-commerce expansion, particularly in emerging markets, propels packaging innovation. Online platforms require specialized packaging solutions that ensure product integrity, minimize shipping damages, and enhance unboxing experiences. The segment's growth is fueled by increasing internet penetration, smartphone usage, and changing consumer preferences. Advanced packaging technologies that support secures, sustainable, and aesthetically pleasing delivery mechanisms are critical to this segment's remarkable expansion.
Region with largest share:
Over the forecasted timeframe, the Asia Pacific region is anticipated to dominate the market share, propelled by robust manufacturing ecosystems and rapid technological adoption. Countries like China, Japan, South Korea, and India serve as global electronics production hubs. The region's substantial consumer electronics manufacturing capabilities, increasing disposable incomes and massive population drive packaging market growth. Additionally, technological advancements, extensive supply chain networks, and government support for electronics industries contribute to the region's market leadership.
Region with highest CAGR:
During the estimation period, Asia Pacific is projected to achieve the highest compound annual growth rate, underpinned by dynamic economic development and technological transformation. Emerging economies demonstrate accelerating digital adoption, expanding middle-class populations, and increasing technological investments. The region's electronics manufacturing prowess, coupled with rising consumer electronics demand, creates unprecedented packaging market opportunities. Rapid urbanization, infrastructure improvements, and government initiatives supporting technological innovation contribute to the region's exceptional growth trajectory.
Key players in the market
Some of the key players in Electronic Goods Packaging Market include DS Smith Plc, Mondi Group, International Paper Company, Sonoco Products Company, Sealed Air Corporation, Huhtamaki Oyj, Smurfit Kappa Group PLC, WestRock Company, UFP Technologies, Inc., Stora Enso Oyj, DuPont de Nemours, Inc., SCHOTT AG, Pregis Corporation, Billerud AB, Plastic Ingenuity, Dunapack Packaging Group, Hangzhou Xunda Packaging Co., and Berry Global Inc.
Key Developments:
In February 2023, The International Paper plants in Mortagne (Société Normande de Carton Ondulé - SNCO) and Chalon (Emballages Laurent SAS) will benefit from investments of nearly € 23 million to adapt their production capacity to the growth of the e-commerce sector and to offer even more sustainable packaging to customers. As part of the project, up to 50 new positions will be created in France. This investment is the largest at the two facilities in several years, and includes the installation of new equipment that will increase converting capacity at the Mortagne and Chalon sites by 60% and 50% respectively. It will allow International Paper to offer customers an even wider choice of premium corrugated packaging solutions.
In May 2022, Mondi, a global leader in sustainable packaging and paper, has collaborated with German machine supplier beck packautomaten to create a functional paper solution that has the potential to revolutionise eCommerce by replacing plastic packaging and creating right-sized packaging for a wide range of products.
Material Types Covered:
• Plastics
• Paper and Paperboard
• Metal
• Glass
• Foam
• Other Material Types
Packaging Types Covered:
• Primary Packaging
• Secondary Packaging
• Tertiary Packaging
Distribution Channels Covered:
• Online Retail
• Offline Retail
Applications Covered:
• Mobile Phones and Accessories
• Computers and Laptops
• Televisions
• Audio Equipment
• Kitchen Appliances
• Gaming Consoles
• Wearable Electronics
• Home Appliances
• Other Applications
End Users Covered:
• Consumer Electronics
• Automotive Electronics
• IT and Telecom
• Medical Devices
• Aerospace and Defense
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Electronic Goods Packaging Market, By Material Type
5.1 Introduction
5.2 Plastics
5.2.1 Polyethylene (PE)
5.2.2 Polypropylene (PP)
5.2.3 Polyvinyl Chloride (PVC)
5.2.4 Polyethylene Terephthalate (PET)
5.2.5 Other Plastics
5.3 Paper and Paperboard
5.4 Metal
5.5 Glass
5.6 Foam
5.7 Other Material Types
6 Global Electronic Goods Packaging Market, By Packaging Type
6.1 Introduction
6.2 Primary Packaging
6.2.1 Boxes
6.2.2 Bags
6.2.3 Blisters
6.2.4 Clamshells
6.2.5 Pouches
6.3 Secondary Packaging
6.3.1 Corrugated Boxes
6.3.2 Inserts and Dividers
6.3.3 Protective Wrapping
6.4 Tertiary Packaging
6.4.1 Pallets
6.4.2 Shrink Wrap
6.4.3 Strapping
7 Global Electronic Goods Packaging Market, By Distribution Channel
7.1 Introduction
7.2 Online Retail
7.3 Offline Retail
8 Global Electronic Goods Packaging Market, By Application
8.1 Introduction
8.2 Mobile Phones and Accessories
8.3 Computers and Laptops
8.4 Televisions
8.5 Audio Equipment
8.6 Kitchen Appliances
8.7 Gaming Consoles
8.8 Wearable Electronics
8.9 Home Appliances
8.10 Other Applications
9 Global Electronic Goods Packaging Market, By End User
9.1 Introduction
9.2 Consumer Electronics
9.3 Automotive Electronics
9.4 IT and Telecom
9.5 Medical Devices
9.6 Aerospace and Defense
9.7 Other End Users
10 Global Electronic Goods Packaging Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 DS Smith Plc
12.2 Mondi Group
12.3 International Paper Company
12.4 Sonoco Products Company
12.5 Sealed Air Corporation
12.6 Huhtamaki Oyj
12.7 Smurfit Kappa Group PLC
12.8 WestRock Company
12.9 UFP Technologies, Inc.
12.10 Stora Enso Oyj
12.11 DuPont de Nemours, Inc.
12.12 SCHOTT AG
12.13 Pregis Corporation
12.14 Billerud AB
12.15 Plastic Ingenuity
12.16 Dunapack Packaging Group
12.17 Hangzhou Xunda Packaging Co.
12.18 Berry Global Inc.
List of Tables
1 Global Electronic Goods Packaging Market Outlook, By Region (2022-2030) ($MN)
2 Global Electronic Goods Packaging Market Outlook, By Material Type (2022-2030) ($MN)
3 Global Electronic Goods Packaging Market Outlook, By Plastics (2022-2030) ($MN)
4 Global Electronic Goods Packaging Market Outlook, By Polyethylene (PE) (2022-2030) ($MN)
5 Global Electronic Goods Packaging Market Outlook, By Polypropylene (PP) (2022-2030) ($MN)
6 Global Electronic Goods Packaging Market Outlook, By Polyvinyl Chloride (PVC) (2022-2030) ($MN)
7 Global Electronic Goods Packaging Market Outlook, By Polyethylene Terephthalate (PET) (2022-2030) ($MN)
8 Global Electronic Goods Packaging Market Outlook, By Other Plastics (2022-2030) ($MN)
9 Global Electronic Goods Packaging Market Outlook, By Paper and Paperboard (2022-2030) ($MN)
10 Global Electronic Goods Packaging Market Outlook, By Metal (2022-2030) ($MN)
11 Global Electronic Goods Packaging Market Outlook, By Glass (2022-2030) ($MN)
12 Global Electronic Goods Packaging Market Outlook, By Foam (2022-2030) ($MN)
13 Global Electronic Goods Packaging Market Outlook, By Other Material Types (2022-2030) ($MN)
14 Global Electronic Goods Packaging Market Outlook, By Packaging Type (2022-2030) ($MN)
15 Global Electronic Goods Packaging Market Outlook, By Primary Packaging (2022-2030) ($MN)
16 Global Electronic Goods Packaging Market Outlook, By Boxes (2022-2030) ($MN)
17 Global Electronic Goods Packaging Market Outlook, By Bags (2022-2030) ($MN)
18 Global Electronic Goods Packaging Market Outlook, By Blisters (2022-2030) ($MN)
19 Global Electronic Goods Packaging Market Outlook, By Clamshells (2022-2030) ($MN)
20 Global Electronic Goods Packaging Market Outlook, By Pouches (2022-2030) ($MN)
21 Global Electronic Goods Packaging Market Outlook, By Secondary Packaging (2022-2030) ($MN)
22 Global Electronic Goods Packaging Market Outlook, By Corrugated Boxes (2022-2030) ($MN)
23 Global Electronic Goods Packaging Market Outlook, By Inserts and Dividers (2022-2030) ($MN)
24 Global Electronic Goods Packaging Market Outlook, By Protective Wrapping (2022-2030) ($MN)
25 Global Electronic Goods Packaging Market Outlook, By Tertiary Packaging (2022-2030) ($MN)
26 Global Electronic Goods Packaging Market Outlook, By Pallets (2022-2030) ($MN)
27 Global Electronic Goods Packaging Market Outlook, By Shrink Wrap (2022-2030) ($MN)
28 Global Electronic Goods Packaging Market Outlook, By Strapping (2022-2030) ($MN)
29 Global Electronic Goods Packaging Market Outlook, By Distribution Channel (2022-2030) ($MN)
30 Global Electronic Goods Packaging Market Outlook, By Online Retail (2022-2030) ($MN)
31 Global Electronic Goods Packaging Market Outlook, By Offline Retail (2022-2030) ($MN)
32 Global Electronic Goods Packaging Market Outlook, By Application (2022-2030) ($MN)
33 Global Electronic Goods Packaging Market Outlook, By Mobile Phones and Accessories (2022-2030) ($MN)
34 Global Electronic Goods Packaging Market Outlook, By Computers and Laptops (2022-2030) ($MN)
35 Global Electronic Goods Packaging Market Outlook, By Televisions (2022-2030) ($MN)
36 Global Electronic Goods Packaging Market Outlook, By Audio Equipment (2022-2030) ($MN)
37 Global Electronic Goods Packaging Market Outlook, By Kitchen Appliances (2022-2030) ($MN)
38 Global Electronic Goods Packaging Market Outlook, By Gaming Consoles (2022-2030) ($MN)
39 Global Electronic Goods Packaging Market Outlook, By Wearable Electronics (2022-2030) ($MN)
40 Global Electronic Goods Packaging Market Outlook, By Home Appliances (2022-2030) ($MN)
41 Global Electronic Goods Packaging Market Outlook, By Other Applications (2022-2030) ($MN)
42 Global Electronic Goods Packaging Market Outlook, By End User (2022-2030) ($MN)
43 Global Electronic Goods Packaging Market Outlook, By Consumer Electronics (2022-2030) ($MN)
44 Global Electronic Goods Packaging Market Outlook, By Automotive Electronics (2022-2030) ($MN)
45 Global Electronic Goods Packaging Market Outlook, By IT and Telecom (2022-2030) ($MN)
46 Global Electronic Goods Packaging Market Outlook, By Medical Devices (2022-2030) ($MN)
47 Global Electronic Goods Packaging Market Outlook, By Aerospace and Defense (2022-2030) ($MN)
48 Global Electronic Goods Packaging Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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