The consumer electronics packaging market is projected to grow at a CAGR of 9.8% from 2022 to 2027, reaching a value of US$35.4 billion. In 2021, the market was valued at US$20.2 billion, and by the end of 2027, it is expected to increase by 1.6 times.
Consumer electronics packaging refers to the specialized production of packaging materials designed specifically for electronic products. This includes boxes, trays, inserts, and protective materials that ensure the safe transportation and presentation of electronic devices to consumers.
According to Future Market Insights, the global revenues of the consumer electronics packaging market experienced a growth of 9.9% in 2021, indicating a profitable expansion in the industry. The market is expected to present a significant opportunity worth US$13.2 billion within the forecast period.
The dynamics of the consumer electronics packaging market are influenced by various industry factors. Additionally, the use of PVC polymer material has garnered attention due to its potential degradation at high temperatures, which could harm the packaged products.
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In summary, the consumer electronics packaging market is projected to experience robust growth, driven by the increasing demand for safe and secure packaging solutions for electronic devices. However, the industry will need to address concerns regarding the use of PVC polymer material and its potential impact on product integrity in high-temperature conditions.
Key Takeaways
- Technological advances in the packaging industry include innovative packaging solutions with a new, unique, vibrant and memorable design with minimal aesthetics that is driving the growth of the market.
- The market for consumer electronics packaging is estimated to increase by 40 basis share points (BPS) in H1-2022 (O) against comparison with H1-2021, according to an FMI analysis. However, when comparing the H1-2022 projected and H1-2022 outlook period, a rise in BPS change by 20 BPS has been noticed.
- The prospects of the consumer electronics packaging market to prosper over the forecast years are skyrocketing accounting for the adoption of electronic devices in smart homes boosting the demand for consumer electronics packaging.
- The expansion of consumer electronics packaging is projected throughout the forecast period because the advanced prevents the product from physical damage, electrostatic discharge, mechanical damage and others.
- The Asia Pacific region followed by the North American region is projected to hold approximately 57% of the global consumer electronics packaging market by the end of 2027.
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More Insights into the Consumer Electronics Packaging Market
According to National Investment Promotion & Facilitation Agency (NIPFA), India has witnessed an opulent increase in demand for electronic products that has led to a significant rise in the consumer electronics packaging market with sales of around US$ 756 Mn in the year 2021 and is expected to reach around US$ 1515.0 Mn by the year 2027.
The Indian electronic manufacturing sector is anticipated to reach US$ 220 billion by 2025, due to strong policy support, massive investments by multiple stakeholders, and a surge in demand for electronic products.
Massive sales were witnessed for paper and paperboard boxes-based packaging solutions in China, the country is expected to represent a US$ 4.0 Bn incremental opportunity for consumer electronics packaging paper manufacturers during the forecast period of 2022-2027.
Key Players:
- DS Smith Plc
- Mondi Group
- International Paper Company
- Sonoco Products Company
- Sealed Air Corporation
- Huhtamaki Oyj
- Smurfit Kappa Group PLC
- WestRock Company
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Consumer Electronics Packaging Market By Category
By Product Type:
- Corrugated Boxes
- Paperboard Boxes
- Thermoformed Trays
- Bags & Pouches
- Blister Packs & Clamshells
- Protective Packaging
- Others
By Application:
- Mobile Phones
- Computers
- Laptops & Tablets
- Desktops & Servers
- TVs, DTH & Set-Top boxes
- Music Systems
- Printers, Scanners & Photocopy Machines
- Game Consoles & Toys
- Camcorders & Cameras
- Electronic Wearable
- Digital Media Adapters
- Others
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