According to the latest report by IMARC Group, title “Consumer Electronics Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global consumer electronics packaging market is expected to exhibit a CAGR of 11.37% during 2022-2027.
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Consumer electronics packaging refers to enclosure structures that to protect and support consumer electronic devices. Some commonly available consumer electronics packaging are thermoformed trays, blister packs, paperboard boxes, corrugated boxes, pouches, cartons, bags, and clamshells. They are produced from various materials such as polystyrene, paper, polyethylene, polypropylene, polyvinyl chloride, and paperboard to safeguard electronic devices from harsh weather conditions, electrostatic discharge, mechanical damage, corrosion, cooling, radio frequency, noise emission, moisture, chemicals, and radiation. As a result, consumer electronics packaging is extensively used to protect smartphones, computers, tablets, television, digital media adapters, laptops, and electronic wearables.
Consumer Electronics Packaging Market Trends:
The market is primarily driven by the significant expansion in the consumer electronics industry across the globe. In addition, the rising adoption of work-from-home (WFH) practices due to the sudden outbreak of the coronavirus disease (Covid -19) pandemic has escalated the demand for electronic devices, which represents another major growth-inducing factor.
Moreover, the surging need for secure packaging of electronic gadgets such as tablets, laptops, smartphones, and their accessories, including chargers, earphones, and universal serial bus (USB) cables, and the introduction of innovative packaging solutions in unique and vibrant designs with minimal aesthetics is providing a positive thrust to market growth.
Apart from this, with the rising environmental awareness, manufacturers are widely adopting eco-friendly packaging materials to reduce their carbon footprint. Furthermore, extensive research and development (R&D) activities and the implementation of various government initiatives to promote the adoption of green packaging solutions are propelling the market growth.
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| Consumer Electronics Packaging Market Report Scope | |
| Report Coverage | Details |
| Growth Rate | CAGR of 11.37% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Region, Material, Layer, Application and Region |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Material:
- Plastics
- Foam
- Thermoformed Trays
- Others
- Paper
- Folding Cartons
- Corrugated Boxes
- Others
Breakup by Layer:
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
Breakup by Application:
- Smartphones
- Computing Devices
- Television/DTH Box
- Electronic Wearables
- Others
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are Dordan Manufacturing Company Incorporated, DS Smith plc, International Paper, JohnsByrne, Mondi plc, Pregis LLC, Sealed Air Corporation, Smurfit Kappa Group, Sonoco Products Company, Stora Enso, UFP Technologies Inc. and WestRock Company.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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