The consumer electronics packaging market is projected to increase from US$ 22.2 billion in 2022 to US$ 35.4 billion in 2027, rising at a CAGR of 9.8% over that time. According to an FMI analysis, consumer electronics packaging would bring in $20.2 billion in sales in 2021. The consumer electronics packaging market is projected to have grown by 1.6 times in value by the end of 2027.
The sector that specialises in creating packaging materials especially created for consumer electronic products is known as the “consumer electronics packaging market.” This comprises packaging options such boxes, trays, inserts, and protective materials that guarantee the secure transit of electronic gadgets as well as their display to customers.
The consumer electronics packaging sector is expanding profitably, as evidenced by the 9.9% increase in global revenues in 2021. According to the most recent FMI forecast, the consumer electronics packaging market is expected to create a fantastic opportunity worth US$ 13.2 Bn throughout the anticipated timeframe.
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Future Market Insights anticipates a comparison and review analysis of the consumer electronics packaging market’s dynamics, which are primarily influenced by a number of industry factors and a few unique influences regarding the use of PVC polymer material because it can degrade at high temperatures and harm the products.
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
Regional Outlook
This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2022-2027.
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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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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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