The consumer electronics packaging market is expected to experience significant growth from 2022 to 2027, with a compound annual growth rate (CAGR) of 9.8%. The market is projected to expand from US$ 22.2 billion in 2022 to US$ 35.4 billion by the end of 2027. According to Future Market Insights (FMI) analysis, the consumer electronics packaging industry generated approximately $20.2 billion in revenue in 2021, and its value is anticipated to increase by 1.6 times by the end of 2027.
The consumer electronics packaging market specifically caters to the production of packaging materials designed for consumer electronic products. This includes packaging solutions like boxes, trays, inserts, and protective materials that ensure the safe transportation and presentation of electronic devices to consumers.
The industry witnessed a revenue growth of 9.9% in 2021, indicating a profitable expansion in the consumer electronics packaging market. According to the latest projection by FMI, the market is expected to create a lucrative opportunity worth US$ 13.2 billion during the forecast period.
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Future Market Insights anticipates conducting a comprehensive analysis of the dynamics of the consumer electronics packaging market, which is primarily influenced by various industry factors. One notable factor is the use of PVC polymer material, which can degrade at high temperatures and potentially harm the products. This suggests a need for alternative materials or innovative solutions to address this challenge.
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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- Authentic Method: To ensure high-level data integrity, accurate analysis, and impeccable forecasts
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- Customization: Customization of the report’s scope as needed to meet your requirements in full
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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