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 share, size, 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.
Consumer electronics packaging refers to the design, production, and use of containers and materials that encase and protect electronic devices designed for personal use. It comprises retail packaging, which is designed to showcase the product in a retail environment and often features graphics, images, and branding to attract potential buyers. It also consists of shipping and transport packaging, which are designed for safe and secure transportation of electronic devices from the manufacturer to the retailer or customer. It includes bulk packaging, used for large quantities of consumer electronics when shipping to retailers or warehouses. It is manufactured from cardboard, plastic, foam, and glass, each with its own set of advantages and disadvantages. It is designed with an optimized shape and size for efficient storage, transport, and display while ensuring the safety of the product. It is also integrated with tamper-evident features to prevent theft and ensure that the product remains untouched until it reaches the customer. It also conveys the quality, values, and uniqueness of a product, helping it stand out in a competitive market. It is often integrated with clear instructions about the correct usage of the product to enhance the user experience. It also helps consumers make informed decisions by providing essential information about the product.
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Global Consumer Electronics Packaging Market Trends and Drivers:
At present, the increasing demand for packaging materials and designs that minimize waste and reduce the carbon footprint associated with consumer electronics products due to rising awareness about environmental issues represents one of the crucial factors impelling the growth of the market. Besides this, the rising purchase of electronic products, such as smartphones, laptops, and wearables, necessitates adaptable and protective packaging solutions that can accommodate varying product dimensions, shapes, and functionalities. As a result, manufacturers are investing in flexible and customizable packaging designs to cater to these needs, allowing for efficient and cost-effective production processes. In addition, the convenience of online shopping is leading to a rise in the demand for safe and secure packaging to protect products during shipping. This is also encouraging consumer electronics manufacturers to use innovative protective materials and designs to prevent damage and ensure product integrity, thereby enhancing the overall customer experience. Apart from this, the increasing emphasis on visually appealing and distinctive packaging that not only safeguards the product but also entices potential customers and fosters brand loyalty is supporting the market growth. Additionally, the rising popularity of smart packaging integrated with features like quick response (QR) codes, augmented reality (AR), and Near Field Communication (NFC) tags, which enable consumers to access product information, manuals, and interactive content through their smartphones to enhance the user experience and offer opportunities for manufacturers to engage with their customers post-purchase, is bolstering the market growth. Moreover, companies are continuously striving to optimize their packaging processes, reduce material waste, and decrease transportation costs.
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:
- Thermoformed Trays
- Folding Cartons
- Corrugated Boxes
Breakup by Layer:
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
Breakup by Application:
- Computing Devices
- Television/DTH Box
- Electronic Wearables
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- 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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