From 2022 to 2027, the consumer electronics packaging market is anticipated to expand at a CAGR of 9.8%, growing from US$ 22.2 billion in 2022 to US$ 35.4 billion at that point. Consumer electronics packaging would generate $20.2 billion in revenue in 2021, according to an FMI analysis. By the end of 2027, the value of the consumer electronics packaging industry is anticipated to have increased by 1.6 times.
The consumer electronics packaging market refers to the industry that specializes in producing packaging materials specifically designed for consumer electronic products. This includes packaging solutions such as boxes, trays, inserts, and protective materials that ensure the safe and secure transportation and presentation of electronic devices to consumers.
Global revenues rose by 9.9% in 2021, indicating profitable expansion in the consumer electronics packaging industry. The consumer electronics packaging market is predicted to generate a wonderful opportunity worth US$ 13.2 Bn within the anticipated timeframe, according to the most recent FMI projection.
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Future Market Insights anticipates a comparison and review analysis of the dynamics of the consumer electronics packaging market, which are primarily influenced by a number of industry factors as well as a few distinct 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
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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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