Global Consumer Electronics Packaging Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Consumer electronics packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global consumer electronics packaging market growth, size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global consumer electronics packaging market size reached US$ 20.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 38 Billion by 2028, exhibiting a growth rate (CAGR) of 10.8% during 2023-2028.
Packaging for consumer electronics is a vital element within the ever-changing consumer electronics sector. Its purpose is to guarantee the secure and effective delivery of electronic devices to consumers. This includes a diverse array of packaging options customized to meet the distinct requirements of different electronic items like smartphones, laptops, tablets, and home appliances. The packaging serves to safeguard valuable electronic products throughout shipping, storage, and presentation, all while elevating the user's overall experience. Its significance lies in protecting fragile electronic devices from harm, ensuring they reach consumers in impeccable state.
Global Consumer Electronics Packaging Market Trends and Drivers:
Currently, the growth of the market is driven by an increasing need for innovative packaging solutions and advancements in electronics technology. This trend is significantly boosted by manufacturers' growing realization that packaging serves not only as protection but as a fundamental element of the product's appeal, providing a unique branding opportunity. Moreover, consumers are showing a preference for products packaged in materials that are recyclable, biodegradable, or sourced sustainably, thus fueling the demand for eco-friendly consumer electronics packaging. Consequently, companies are embracing environmentally conscious packaging practices to align with consumer preferences and reduce their carbon footprint. Additionally, regulatory bodies in various countries are imposing stricter rules regarding packaging waste, compelling electronics companies to improve their packaging approaches.
Global Consumer Electronics Packaging Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report 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
The report segmented the market on the basis of region, material, layer and application.
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 Region:
- 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
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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