The consumer electronics packaging market is expected to exhibit significant growth from 2022 to 2027, with a 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 this period. In 2021, the consumer electronics packaging industry generated a revenue of US$20.2 billion, according to an analysis by Future Market Insights. By 2027, the industry’s value is expected to increase by 1.6 times.
The consumer electronics packaging market focuses on producing packaging materials specifically designed for consumer electronic products. This includes various packaging solutions such as boxes, trays, inserts, and protective materials that ensure the safe transportation and presentation of electronic devices to consumers.
In 2021, global revenues in the consumer electronics packaging market experienced a growth rate of 9.9%, indicating profitable expansion within the industry. According to the latest projection by Future Market Insights, the consumer electronics packaging market is expected to offer a significant opportunity worth US$13.2 billion within the forecasted timeframe.
The dynamics of the consumer electronics packaging market are influenced by several industry factors and some specific factors related to the use of PVC polymer material. The concerns regarding PVC are primarily due to its potential degradation at high temperatures, which can harm the electronic products. A comparison and review analysis of these dynamics is anticipated by Future Market Insights.
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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 Analysis:
India’s Growing Electronic Device Market Drives Revenue for Consumer Electronics Packaging
The ever-growing electronic device market in India is projected to remain a revenue-generating sector for the consumer electronics packaging market. With the market size reaching around US$756 million in 2021 and expected to reach US$1,515 million by 2027, India has witnessed a significant increase in the demand for electronic products. The electronic manufacturing sector in India is poised to reach US$220 billion by 2025, fueled by strong policy support, substantial investments, and a surge in consumer demand for electronic products.
China’s Massive Production of Paper and Paperboard Boxes Supplements Consumer Electronics Packaging Market Growth
The massive production of paper and paperboard boxes in China is a significant factor contributing to the growth of the consumer electronics packaging market. The country is expected to present a US$4.0 billion incremental opportunity for consumer electronics packaging paper manufacturers during the forecast period. Notably, several large paper and paperboard producers in China have made substantial investments in modernization and facility expansion. For instance, Yueyang Forest & Paper Group, a leading paper producer, has transformed itself with government assistance. The industry’s growth in China is driven by domestic demand, technological advancements, and increased production of high-quality products, fostering a favorable environment for the sales of consumer electronics packaging
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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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