By 2033, the Europe consumer electronics packaging market is anticipated to grow to US$6.4 billion. While the US market for packaging consumer electronics will surpass US$ 3.3 billion in 2033. Between 2023 and 2033, consumer electronics sales in Europe will grow at a 4.8% CAGR. While the consumer electronics packaging market in the United States is projected to grow at a 3.5% CAGR
The consumer electronics packaging market in Europe and the USA is expanding in both production and sales. The use of mobile computer and communication devices has substantially expanded in recent years. Sales of packaging for consumer gadgets are thus increasing.
The requirement for protective packaging will increase as cellphones and computing gadgets become more widely used. Products like corrugated boxes and folding cartons are becoming more and more well-liked in Europe.
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Laptops and folding boxes are typically used to pack smartphones and tablets. Corrugated boxes are used to sell desktop computers. High demand for protective packaging is also being driven by the increasing adoption of these devices. Products like air cushions and bubble wrap fall under this category.
Companies can protect a variety of delicate electrical devices during delivery by using consumer electronics packaging. Additionally, they have outstanding printing features. Sales will therefore increase as there is an increasing need for printed, eye-catching packaging.
Sales are being driven by the growing demand for sustainable and eco-friendly packaging. Demand for sustainable packaging will increase as concerns about rising plastic waste from packaging grow.
Packaging materials used for consumer electronics are made from sustainable and biodegradable paper and paperboard. Such goods can be recycled, composted, or dumped without endangering the environment.
Packaging for consumer electronics made of paper and paperboard can be recycled repeatedly. As a result, it qualifies as a sustainable type of packaging. Many well-known consumer electronics companies are using eco-friendly packaging materials for their products.
Leading manufacturers are expanding their product lines to include sustainable items. The market will grow as more eco-friendly packaging options become available.
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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.
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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
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