Global Consumer Electronics Packaging Market Growth Analysis, Latest Trends And Business Opportunity

Overview and Scope

Consumer electronics packaging is a protective covering for the products to ensure safe and secure shipping. Packaging is crucial, as electronic products have very tiny components that are delicate and prone to damage, it is used to protect the electronics from mechanical damage, electrostatic charge, natural disasters, and mishandling damage. Any electronic device intended for end users’ or consumers’ daily and non-commercial or professional use is known as consumer electronics (CE).

Sizing and Forecast

The consumer electronics packaging market size has grown rapidly in recent years. It will grow from $23.01 billion in 2023 to $26.04 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%.  The growth in the historic period can be attributed to consumer electronics market growth, protection and durability requirements, increased focus on branding and aesthetics, increased regulatory compliance, increased e-commerce and online retail, and increased global supply chain expansion.

The consumer electronics packaging market size is expected to see rapid growth in the next few years. It will grow to $42.37 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%.  The growth in the forecast period can be attributed to growing sustainable and eco-friendly packaging, compact and space-saving designs, packaging for emerging technologies, growing need for customized and personalized packaging, and growing electronics recycling and circular economy. Major trends in the forecast period include e-commerce packaging innovations, smart packaging with iot integration, innovative packaging for wearable electronics and ar/vr devices, introduction of user-friendly packaging, and technological innovation.

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Segmentation & Regional Insights

The consumer electronics packaging market covered in this report is segmented –
1) By Product Type: Corrugated Boxes, Paperboard Boxes, Thermoformed Trays, Bags and Pouches, Blister Packs and Clamshells, Protective Packaging, Other Product Types

2) By Technology: Active Packaging, Intelligent Packaging, Modified Atmospheric Packaging, Anti-Microbial Packaging, Aseptic Packaging, Other Technologies

3) By Material Type: Plastic, Paper and Paperboard, Other Material Types

4) By Application: Mobile Phones, Computers, TVs, DTH and Set-Top boxes, Music Systems, Printers, Scanners and Photocopy Machines, Game Consoles and Toys, Camcorders and Cameras, Other Applications

Asia-Pacific was the largest region in the consumer electronic packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the consumer electronics packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth

The increasing demand for paper and paperboard in packaging is driving the growth of the consumer electronics packaging market. Paper and paperboard are usually used in packaging due to their biodegradable and environmentally friendly nature. This can help to lower the cost of shipping used electronics. For instance, according to a survey conducted in January 2021 to explore consumer preferences, perceptions, and attitudes toward print, paper, and paper-based packaging, among 8,800 consumers at the global level by Two Sides North America, a US-based non-profit organization working to elevate the use of paper-based packaging and spread awareness, approximately 50% of people believed that paper-based packaging was better for the environment than other types of packaging, while 52% preferred products ordered online to be delivered in paper-based packaging. Therefore, the increasing demand for paper and paperboard packaging is propelling the consumer electronics packaging market growth.

Key Industry Players

Major companies operating in the consumer electronics packaging market include  DS Smith plc, Mondi plc, International Paper Company, Sonoco Products Company, Shenzhen Hoichow Packing Manufacturing Ltd., Dordan Manufacturing Company, Hangzhou Xunda Packaging Co. Ltd., Dunapack Packaging Group, Universal Protective Packaging Inc., Parksons Packaging Ltd., Neenah Inc., Plastic Ingenuity, JJX Packaging Group, UFP Technologies Inc., JohnsByrne Company, Smurfit Kappa Group plc, Billerud AB, Stora Enso Oyj, WestRock Company, Pregis Corporation LLC., AMETEK Inc., E. I. du Pont de Nemours and Company, Tekni-Plex Inc., Huhtamaki Oyj, Graphic Packaging International LLC, Guangzhou Huaisheng Packaging Co. Ltd., Amcor Limited, Reynolds Group Holdings Limited, Sealed Air Corporation, Silgan Holdings Inc., Crown Holdings Inc.

The consumer electronics packaging market report table of contents includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis

………

27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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