Companies featured in the global consumer electronics packaging market are DS Smith Plc, Mondi Group, International Paper Company, Sonoco Products Company, Sealed Air Corporation, Huhtamaki Oyj, Smurfit Kappa Group PLC, WestRock Company, UFP Technologies, Inc., Stora Enso Oyi and others.
NEWARK, Del, July 28 2022 (GLOBE NEWSWIRE) — The global consumer electronics packaging market is valued at US$22.2 billion in 2022 and is projected to reach US$35.4 billion by 2027, growing at a CAGR of 9. 8% from 2022 According to IMF analysis, consumer electronics packaging market revenue totaled US$20.2 billion for 2021. The overall consumer electronics packaging market is expected to grow by 1 .6 times the current market value by the end of 2027.
The consumer electronics packaging market witnessed lucrative growth in 2021-2021 with global revenue up 9.9% year-over-year. According to the latest IMF forecast, the consumer electronics packaging market is estimated to create an incredible opportunity of US$13.2 billion during the forecast period.
Future Market Insights predicts comparison and analysis of consumer electronics packaging market dynamics which is primarily subject to an array of industrial factors combined with few definite influences regarding the usage of PVC polymer material as it may deteriorate at high temperatures and damage the goods.
Get a sample copy of the report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4793
Key points to remember
Technological advancements in the packaging industry include innovative packaging solutions with unique, dynamic and memorable new design with minimal aesthetics driving the growth of the market.
The consumer electronics packaging market is expected to grow by 40 basis share points (BPS) in H1-2022 (O) compared to H1-2021, according to an IMF analysis. However, comparing the projected period of H1-2022 and the projection period of H1-2022, an increase in the variation of BPS by 20 BPS was observed.
Prospects for prosperity of consumer electronics packaging market over the forecast years are soaring, which explains the adoption of electronic devices in smart homes, which is driving the demand for consumer electronics packaging audience.
The expansion of consumer electronics packaging is projected throughout the forecast period as the advance prevents the product from physical damage, electrostatic discharge, mechanical damage and others.
The Asia-Pacific region followed by the North America region is expected to hold around 57% of the global consumer electronics packaging market by the end of 2027.
More insights into the consumer electronics packaging market
According to the National Investment Promotion and Facilitation Agency (NIPFA), India has witnessed an opulent increase in the demand for electronics products which has led to a significant rise in the consumer electronics packaging market with sales of approximately US$756 million in 2021 and is expected to reach approximately US$1515.0 million by 2027.
India’s electronics manufacturing sector is expected to grow to US$220 billion by 2025, owing to strong political support, massive investments by multiple stakeholders, and increasing demand for electronics products.
Massive sales have been seen for paper and cardboard box-based packaging solutions in China, the country is expected to represent an additional US$4.0 billion opportunity for packaging paper manufacturers for the consumer electronics over the forecast period 2022-2027.
The major players of paper and paperboard manufacturers and producers have made significant investments in modernizing and expanding their facilities. Due to an incredible increase in electronics, the consumer electronics packaging market is expected to grow exponentially in the near future.
A notable increase in domestic demand, technological advancements and increased production of high-quality products have been the main drivers of industry growth in China. Such large-scale production of paper and cardboard in China creates lucrative opportunities for consumer electronics packaging.
To stay “ahead” of your competitors, get a personalized report @ https://www.futuremarketinsights.com/customization-available/rep-gb-4793
Competitive landscape
DS Smith Plc, Mondi Group, International Paper Company, Sonoco Products Company, Sealed Air Corporation, Huhtamaki Oyj, Smurfit Kappa Group PLC, WestRock Company, UFP Technologies, Inc., Stora Enso Oyi, Pregis Corporation, Shenzhen Hoichow Packing Manufacturing Ltd., Dordan Manufacturing Company, Hangzhou Xunda Packaging Co., Dunapack Packaging Group, JJX Packaging LLC are some of the key companies profiled in the full version of the report.
Pioneering and small-scale manufacturers in the global consumer electronics packaging market are focused on understanding the current needs of brand owners and producing consumer electronics packaging solutions accordingly. Moreover, these players are implementing marketing strategies such as mergers and acquisitions in order to expand their business reach and strengthen their market position.
What is the impact of the global spread of the COVID-19 pandemic on the consumer electronics packaging market growth?
The global spread of the pandemic negatively impacted sales of packaging solutions, as well as consumer electronics packaging. The mobile phone and computer sector is driving demand for packaging for consumer electronics. Even during the pandemic period, the production of these industries has not been significantly affected due to a production stoppage, shortage of raw materials and disruptions in supply chains.
In addition, strict lockdowns in all countries, as well as closures in public areas, affected initial demands for electronic devices. Offices around the world have started working from home, schools have started operating in online mode. This has dramatically increased the demand for electronic devices, which has boosted packaging solutions. On a broader level, during the height of the pandemic, consumer electronics packaging demand and sales increase significantly.
Consumer Electronics Packaging Market by Category
By product type:
Per application:
By type of material
Plastic
Paper and cardboard
Others
By region:
Contact Sales for further assistance with purchasing this report @ https://www.futuremarketinsights.com/checkout/4793
Contents
1. Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Key Market Trends
3.1. Key trends impacting the market
3.2. Product Innovation / Development Trends
To continue knock…
Check out IMF’s extensive coverage at Packaging Domain
Industrial Electronics Packaging Market Analysis: The global industrial electronics packaging market currently enjoys a valuation of US$1.9 billion and is expected to expand at a CAGR of 4.1% to net worth of US$2.5 billion by the end of 2029.
Pet Care Packaging Market Outlook: The global pet care packaging market is expected to reach US$14.1 billion by 2030 with a decent CAGR of 4.2% between 2022 and 2030.
Hermetic Packaging Market Demand: The global hermetic packaging market is expected to grow at a stable CAGR of 4.3%, reaching a market valuation of US$4.7 billion by the end of 2030, from 3. 3 billion US dollars in 2022.
Adhesive Films Market Volume: Global Adhesive Films Market is expected to follow the path of linear transition i.e. to reach USD 96.6 by 2030 with a CAGR of 4.6% from 2022 to 2030 .
Synthetic Paper Market Size: The global synthetic paper market is expected to follow the path of linear transition i.e. to reach 1,287.3 million US$ by 2030 at a CAGR of 3.7% between 2022 and 2030.
Steel Drums and IBC Market Share: The global steel drums and IBC market is expected to reach a market value of US$16 billion by 2022 and is expected to reach US$23 billion expanding at a CAGR of 4.8% from 2022 to 2029.
Self-Laminating Label Market Volume: The Self-Laminating Label Market is expected to register a CAGR of 4.8% during the forecast period, from USD 90.95 billion in 2022 to reach a valuation of 145, US$35 billion by 2032.
Retro-reflective label market trend: The retro-reflective label market is expected to register a CAGR of 12% during the forecast period, from USD 4.87 billion in 2021 to reach a valuation of USD 17 billion US by 2032.
Stainless Steel Valve Tag Market Forecast: The stainless steel valve tag market is expected to register an average CAGR of 4.3% during the forecast period. The market is currently valued at US$5.66 billion and is expected to grow to US$8.27 billion by 2032.
Sorting Machine Market Growth: The sorting machine market is expected to register a CAGR of 5.9% during the forecast period and is expected to reach a market share of US$7.58 billion in 2032.
Download a free copy of the Future Market Insights white paper on smart packaging for the circular economy published in collaboration with Graham Packaging and Avery Dennison
About Us
Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 5 years.
Contact:
Future Market Outlook Inc.
Christiana Enterprise,
200 continental walkway,
Suite 401, Newark,
Delaware – 19713, United States
Such. : +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/consumer-electronics-packaging-market
For sales inquiries: sales@futuremarketinsights.com
Browse all reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs
