In 2020, Stora Enso Launched a Digital B2b Market Place for Corrugated Packaging Products, Which is Surging the Growth of the Market

The demand for biodegradable and eco-friendly products for packaging is growing as eco-friendly and biodegradable products have low-cost production. Environmentally friendly packaging is becoming a popular choice for several electrical devices. Furthermore, government authorities and regulators strongly recommend adopting green packaging. Both manufacturers and customers are becoming aware of environmentally friendly packaging and the importance of protecting the environment from non-biodegradable packaging trash, which helps increase market growth.

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Data Bridge Market Research analyses that 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 increasing demand for consumer electronics packaging will provide potential opportunities for the market growth in the forecast period.

Increasing growth of e-commerce and delivery service for electronics items is anticipated to drive the market's growth rate

E-commerce has a major impact on the consumer electronics packaging industry. The finished goods undergo different packaging processes to assure that no damage occur to the goods during transit. E-commerce and courier service have also increased with the increase in the use of online shopping apps and retail stores, leading to the increase in the use of varied types of packaging goods for electronics items. Therefore, the increase in the growth of e-commerce and courier and delivery service will surge the demand for the electronics packaging products in the market.  

Report Scope and Market Segmentation

Segment Analysis:  

Global consumer electronics packaging market is segmented into seven notable segments which are based on type, material, layer, technology, printing technology, distribution channel and application.

• On the basis of type, the consumer electronics packaging market is segmented into corrugated boxes, paperboard boxes, thermoformed trays, blister packs & clamshell, protective packaging, bags, sacks, pouches, films, foam packaging, air bubble pouches and others.

The corrugated boxes segment of type is anticipated to dominate the consumer electronics packaging market

The corrugated boxes segment is expected to dominate global consumer electronics packaging market with 29.38% market share as corrugated boxes packaging products are cost saving component and renewable in nature which increases its demand

• On the basis of material, the consumer electronics packaging market is segmented into plastic, paper, aluminum foil, cellulose and others.

The plastic segment of material type is anticipated to dominate the consumer electronics packaging market

The plastic segment is expected to dominate global consumer electronics packaging market with 44.13% market share as folding of the plastic material is very easy and also because of its firm strength which makes plastic to dominate in the global market

• On the basis of layer, the consumer electronics packaging market is segmented into primary packaging, secondary packaging and tertiary packaging. The primary packaging segment is expected to dominate global consumer electronics packaging market with 63.65% market share as primary packaging attracts more customers for buying more electronic goods
• On the basis of technology, the 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 31.66% market share as the demand of high security packaging is growing for transit for high value electronic goods
• On the basis of printing technology, the consumer electronics packaging market is segmented into flexographic, gravure and others. The flexographic segment is expected to dominate global consumer electronics packaging market with 62.54% market share as flexographic provides the high quality of printing on the packaging products
• On the basis of distribution channel, the consumer electronics packaging market is segmented into e-commerce, supermarkets/hypermarkets, specialty stores and others. The specialty stores segment is expected to dominate global consumer electronics packaging market with 62.27% market share because different size of electronic products require high quality and specialty of packaging according to products
• On the basis of application, the consumer electronics packaging market is segmented into mobile phones, computers, TVs, DTH & set- top boxes, music system, printer, scanner & photocopy machines, game console & toys, camcorders & camera, electronic wearable, digital media adapters and others. The mobile phones segment is expected to dominate global consumer electronics packaging market with 27.88% market share as demand of the mobile phone and packaging products for mobile phone is also increasing

Major Players

Data Bridge Market Research recognizes the following companies as the major consumer electronics packaging market players in 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.), Smurfit Kappa (Ireland), WestRock Company (U.S.), UFP Technologies Inc. (U.S.), Pregis LLC (U.S.), Shenzhen Hoichow Packing Manufacturing Ltd. (China), Dordan Manufacturing Company (U.S.), Hangzhou Xunda Packaging Co. (China), Dunapack Packaging Group (Austria), Universal Protective Packaging Inc. (U.S.), Parksons Packaging Ltd. (India), Neenah Paper and Packaging (U.S.), Plastic Ingenuity (U.S.), JJX Packaging (U.S.).

Market Development

• In 2021, BillerudKorsnäs the Swedish paper giant partnered with Verso, a North American paperboard manufacturer. This deal is one of the most cost-efficient deals in the history of the packaging industry, which will help develop paperboard platforms in North America.
• In 2020, Mondi partnered with Cartro, a Mexican corrugated packaging company, to produce sustainable packaging solutions. This development has aided the company to increase revenue in future.

Regional Analysis

Geographically, the countries covered in the consumer electronics packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

As per Data Bridge Market Research analysis:

North America is the dominant region in consumer electronics packaging market during the forecast period 2022 to 2029

North America dominates the consumer electronics packaging market due to the growing demand for consumer electronics packaging in this region. Also, government regulations that mandate the use of sustainable packaging and increasing awareness of the usage of cost-saving and renewable packaging solutions in this region is also boosting the market growth.

Asia-Pacific is estimated to be the fastest growing region in consumer electronics packaging market the forecast period 2022 to 2029

Asia-Pacific is expected to grow from 2022 to 2029 because of the increasing demand for electronic devices such as smartphones, tablets, and other consumer electronics in the region. China is one of the region holding the largest market share due to the development of electronic gadgets.

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