The significance of consumer electronics packaging lies prominently in its role as a protective shield for electronic devices. Packaging acts as a crucial barrier in the dynamic journey from production to the hands of consumers, safeguarding devices from potential damage during transportation, handling, and storage. Electronic products' intricate and delicate nature necessitates robust packaging to minimize the risk of defects or malfunctions. Without effective packaging, the vulnerabilities of these devices to environmental factors, impacts, or mishandling could compromise their functionality and overall quality.
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Data Bridge Market Research analyses the Global Consumer Electronics Packaging Market was valued at USD 20.00 billion in 2021 and is expected to reach USD 45.89 billion by 2029, registering a CAGR of 10.94 % during the forecast period of 2022 to 2029. The surge in e-commerce has become a pivotal driver for the global consumer electronics packaging market. The escalating shift to online retail has heightened the demand for packaging solutions that ensure product protection and prioritize efficiency and sustainability, reflecting a key focus on enhancing the customer experience.
Key Findings of the Study
Increasing Awareness of eco-friendly practices is expected to drive the market's growth rate
The rising awareness of eco-friendly practices is a significant driver in the global consumer electronics packaging market. Increasing environmental consciousness among consumers and businesses has created a preference for packaging solutions with lower environmental impact. In response, companies actively adopt recyclable and biodegradable materials in their packaging designs, aligning with the global sustainability trend. This shift reflects a broader commitment to eco-conscious consumer choices and regulatory pressures, influencing the market towards more environmentally friendly and sustainable packaging solutions.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Corrugated Boxes, Paperboard Boxes, Thermoformed Trays, Blister Packs and Clamshell, Protective Packaging, Bags, Sacks, Pouches, Films, Foam Packaging, Air Bubble Pouches, Others), Material (Plastic, Paper, Aluminium Foil, Cellulose and Others), Layer (Primary Packaging, Secondary Packaging, Tertiary Packaging), Technology (Active Packaging, Intelligent Packaging, Modified Atmospheric Packaging, Anti-Microbial Packaging, Aseptic Packaging, Others), Printing Technology (Flexographic, Gravure, Others), Distribution Channel (E-Commerce, Supermarkets/Hypermarkets, Specialty Stores, Others), Application (Mobile Phones, Computers, TVs, DTH and Set- Top Boxes, Music System, Printer, Scanner and Photocopy Machines, Game Console and Toys, Camcorders and Camera, Electronic Wearable, Digital Media Adapters, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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DS Smith (U.K.), Mondi (U.K.), International Paper (U.S.), Sonoco Products Company (U.S.), Sealed Air (U.S.), Huhtamaki (Finland), Smurfit Kappa (Ireland), WestRock Company (U.S.), UFP Technologies Inc. (U.S.), Stora Enso (Finland), Pregis LLC (U.S.), Shenzhen Hoichow Packing Manufacturing Ltd. (China), Dordan Manufacturing Company (U.S.), Hangzhou Xunda Packaging Co. (China), Dunapack Packaging Group (AU.S.tria), Universal Protective Packaging Inc. (U.S.), Parksons Packaging Ltd. (India), Neenah Paper and Packaging (U.S.), Plastic Ingenuity (U.S.), JJX Packaging (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global consumer electronics packaging market is segmented into seven notable segments which are based on type, packaging material, layer, technology, printing technology, distribution channel and application.
- On the basis of type, the global consumer electronics packaging market is segmented into corrugated boxes, paperboard boxes, thermoformed trays, blister packs and clamshell, protective packaging, bags, sacks, pouches, films, foam packaging, air bubble pouches and others. The corrugated boxes segment is expected to dominate global consumer electronics packaging market with 29.38% market share due to their versatility, cost-effectiveness, and superior protective qualities
- On the basis of packaging material, the global consumer electronics packaging market is segmented into plastic, paper, aluminum foil, cellulose and others. The plastic segment is expected to dominate global consumer electronics packaging market with 44.13% market share due to its versatility, lightweight nature, and durability
The plastic segment of packaging segment is expected to dominate the global consumer electronics packaging market during the forecast period of 2022-2029
The dominance of the plastic segment in the global consumer electronics packaging market with the market share of 44.13% because it offers a versatile and lightweight packaging solution that effectively protects electronic devices from damage during transportation and storage. Its malleability allows for the creation of custom shapes and sizes, accommodating the diverse forms of consumer electronics. Plastic packaging provides excellent barrier properties against moisture and other environmental factors, ensuring the longevity and functionality of electronic products.
- On the basis of layer, the global consumer electronics packaging market is segmented into primary packaging, secondary packaging, and tertiary packaging. The primary packaging segment is expected to dominate the global consumer electronics packaging market with a 63.65% market share because it directly encases the electronic product, providing protection against physical damage, moisture, and environmental factors
- On the basis of technology, the global consumer electronics packaging market is segmented into active packaging, intelligent packaging, modified atmospheric packaging, anti-microbial packaging, aseptic packaging, and others. The intelligent packaging segment is expected to dominate global consumer electronics packaging market with a 31.66% market share due to its advanced features, such as RFID (radio-frequency identification) and NFC (near field communication), which enable real-time tracking, product authentication, and interactive communication with consumers
- On the basis of printing technology, the global consumer electronics packaging market is segmented into flexographic, gravure, and others. The flexographic segment is expected to dominate global consumer electronics packaging market with a 62.54% market share due to its versatility and cost-effectiveness in large-scale printing applications
- On the basis of distribution channel, the global consumer electronics packaging market is segmented into e-commerce, supermarkets/hypermarkets, specialty stores, and others. The specialty stores segment is expected to dominate the global consumer electronics packaging market with a 62.27% market share due to its personalized and knowledgeable customer service
The specialty stores segment of the distribution channel segment is expected to dominate the global consumer electronics packaging market during the forecast period of 2022-2029
The specialty stores segment dominates the global consumer electronics packaging market with a market share of 62.27 based on the distribution channel due to its tailored and niche approach. Specialty stores cater to consumer electronics, providing a focused and curated shopping experience. Customers seeking high-end or specialized electronic products often prefer the personalized assistance and expertise available in these stores. Moreover, the packaging in specialty stores is designed to complement the premium nature of the products, ensuring optimal protection and visual appeal.
- On the basis of application, the global consumer electronics packaging market is segmented into mobile phones, computers, TVs, DTH and set- top boxes, music system, printer, scanner and photocopy machines, game console and toys, camcorders and camera, electronic wearable, digital media adapters and others. In 2021, mobile phones segment is expected to dominate global consumer electronics packaging market with 27.88% market share due to the ubiquity and widespread use of mobile devices
Major Players
Data Bridge Market Research recognizes the following companies as the major global consumer electronics packaging market players in global consumer electronics packaging market are DS Smith (U.K.), Mondi (U.K.), International Paper (U.S.), Sonoco Products Company (U.S.), Sealed Air (U.S.), Huhtamaki (Finland), Smurfit Kappa (Ireland)
Market Developments
- In January 2022, Smurfit Kappa Group plc announced a substantial investment of U.S.$ 33 million in its Fortaleza plant, Brazil. This strategic move aimed to enhance the company's production capacity and meet the growing demand for innovative and sustainable packaging solutions. The investment underscored Smurfit Kappa's commitment to staying at the forefront of the packaging industry by incorporating advanced technologies and sustainable practices in its operations
- In December 2021, Swedish paper giant BillerudKorsnäs collaborated with North America paperboard manufacturer Verso. This collaboration, touted as one of the most cost-efficient in the packaging industry’s history, aimed to foster the development of paperboard platforms in North America. The partnership reflected a strategic effort to leverage each company's strengths and create synergies in the competitive landscape of the packaging industry
- October 2021, DS Smith plc collaborated with Orange Centre to launch smart packaging solutions for e-commerce. The innovative packaging design allowed for easy adaptation to the size, shape, and quantity of products in the rapidly evolving e-commerce sector. This partnership exemplified DS Smith's commitment to integrating technology into packaging solutions, addressing the specific needs of the e-commerce market
- In October 2021, Nefab Group acquired Reflex Packaging Group, a strategic move aimed at optimizing resources in supply chains. The acquisition was anticipated to enhance Nefab Group's capabilities and efficiency in the packaging indU.S.try. By consolidating operations and streamlining supply chain processes, the company aimed to achieve significant cost savings and strengthen its position in the market
- In April 2019, DS Smith took a strategic step by agreeing to sell two of its packaging businesses to U.S.-based pulp and paper company International Paper for EUR 63 million. This move was part of DS Smith's broader strategy for managing competition in the corrugated sheets and cases markets. The sale aimed to address regulatory considerations and ensure a balanced competitive landscape, particularly in Portugal and Western France, where the merged entity would face limited constraints from competitors
Regional Analysis
Geographically, the countries covered in the global consumer electronics packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
As per Data Bridge Market Research analysis:
North America is the dominant region in global consumer electronics packaging market during the forecast period 2022-2029
North America dominates in the consumer electronics packaging market is due to its confluence of factors. The region, led by the U.S. and Germany, stands out due to its robust demand for consumer electronics packaging, fueled by a tech-savvy consumer base. Crucially, North America's dominance is bolstered by stringent government regulations mandating sustainable packaging practices, reflecting a commitment to environmental responsibility. The heightened awareness of cost-saving and renewable packaging solutions further amplifies the region's leadership, with consumers and businesses such as recognizing the importance of aligning packaging practices with eco-friendly principles.
Asia-Pacific is estimated to be the fastest-growing region in the global consumer electronics packaging market for the forecast period 2022-2029
The Asia-Pacific is expected to experience rapid growth during the forecast period in the market, due to the escalating demand for electronic products. This surge in demand is notably prominent in the smartphone and tablet markets and other consumer electronics products. The region's fast-paced economic development and rising middle-class population have resulted in increased disposable incomes and a higher propensity to purchase electronic devices. As consumers in Asia-Pacific embrace digital lifestyles, the demand for smartphones, tablets, and other electronic gadgets has witnessed a significant uptick. There is a parallel need for efficient and protective packaging solutions to meet this burgeoning demand.
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