Consumer Electronics Packaging Market is poised to expand at 9.8% CAGR over the forecast period by 2027

Press Release from Future Market Insights

The consumer electronics packaging market as estimated at  US$ 22.2 Bn  in 2022 and is projected to reach  US$ 35.4 Bn  by 2027, at a CAGR of  9.8%  from 2022 to 2027.

The latest research report provides a complete assessment of the Consumer Electronics Packaging market for the forecast year 2022-2027, which is beneficial for companies regardless of their size and revenue. This survey report covers the major market insights and industry approach towards  COVID-19  in the upcoming years.

The Consumer Electronics Packaging market report presents data and information on the development of the investment structure, technological improvements, market trends and developments, capabilities, and comprehensive information on the key players of the Consumer Electronics Packaging market. The worldwide market strategies undertaken, with respect to the current and future scenario of the industry, have also been listed in the study.

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The report begins with a brief presentation and overview of the Consumer Electronics Packaging market, about the current market landscape, market trends, major market players, product type, application, and region. It also includes the impact of COVID-19 on the global Consumer Electronics Packaging market trends, future forecasts, growth opportunities, end-user industries, and market players. It also provides historical data, current market scenario and future insights on Consumer Electronics Packaging market. This study provides a comprehensive understanding of market value with the product price, demand, gross margin, and supply of the Consumer Electronics Packaging market. The competitive perspective section of the report presents a clear insight into the market share analysis of the major players in the industry.

Increasing demand for protective packaging for electronic products and growing consumer preference for eco-friendly packaging at affordable prices have encouraged manufacturing companies to develop advanced packaging materials. Moreover, rising demand for rigid and retail-ready packaging such as folding carton packaging from consumer electronic makers is expected to open lucrative opportunities for existing and emerging market players during the forecast period.

Competitive Landscape

Pioneering and small-scale manufacturers throughout the global consumer electronics packaging market are focusing on the understanding of the current needs of brand owners and producing consumer electronics packaging solutions accordingly. Furthermore, these players are implementing marketing strategies such as mergers and acquisitions in order to expand their business reach and strengthen their market position.

For instance,

  • In December 2021, the Swedish paper giant, BillerudKorsnäs made deal with Verso, a North American paperboard manufacturer. This deal will be one of the most cost-efficient in the history of the packaging industry as it will help to grow paperboard platforms in North America.
  • In October 2021, De Jong Packaging has purchased De Hoop paper mill, Netherlands from DS Smith. In comparison to other companies, the mill primarily produces heavy weight grades of recycled paper.

Key Companies Profiled:

DS Smith Plc,cMondi Group,cInternational Paper Company,cSonoco Products Company,cSealed Air Corporation,cHuhtamaki Oyj,cSmurfit Kappa Group PLC,cWestRock Company,cUFP Technologies, Inc.,cStora Enso Oyi,cPregis Corporation,cShenzhen Hoichow Packing Manufacturing Ltd.,cDordan Manufacturing Company,cHangzhou Xunda Packaging Co.,cDunapack Packaging Group,cJJX Packaging LLC

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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

By Material Type

  • Plastic
  • Polyethylene (PE)
  • Polypropylene (PP)
  • Poly Vinyl Chloride (PVC)
  • Polyamide (PA)
  • Polyethylene terephthalate (PET)
  • Polystyrene (PS)
  • Others
  • Paper & Paperboard
  • Others

About Us
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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