Consumer Electronics Packaging Market is expected to reach US$ 22.2 Bn in 2022

The market for consumer electronics packaging was valued at US$ 22.2 billion in 2022 and is anticipated to grow to US$ 35.4 billion by 2027, at a CAGR of 9.8%. With global revenues up 9.9% year over year in 2021, the consumer electronics packaging market experienced some lucrative expansion. According to a recent FMI prediction, the market for consumer electronics packaging is expected to generate an additional opportunity worth US$13.2 billion over the estimated period.

According to FMI, the consumer electronics packaging market would generate US$20.2 billion in revenue in 2021. By the end of 2027, the global consumer electronics packaging industry is anticipated to grow by 1.6 times its present market value.

Key players of the paper and paperboard manufacturers and producers have made significant investments in the modernization and expansion of their facilities. Owing to an incredible rise in electronics, the consumer electronics packaging market is anticipated to showcase exponential growth in the near future.

A notable increase in domestic demand, technological advancements and increased production of high-quality products have been the primary drivers of industry growth in China. Such large-scale production of paper and paperboard in China is creating lucrative opportunities for consumer electronics packaging.

Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/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.

Key Takeaways

Technological advances in the packaging industry include innovative packaging solutions with a new, unique, vibrant and memorable design with minimal aesthetics that is driving the growth of the market.
The market for consumer electronics packaging is estimated to increase by 40 basis share points (BPS) in H1-2022 (O) against comparison with H1-2021, according to an FMI analysis. However, when comparing the H1-2022 projected and H1-2022 outlook period, a rise in BPS change by 20 BPS has been noticed.
The prospects of the consumer electronics packaging market to prosper over the forecast years are skyrocketing accounting for the adoption of electronic devices in smart homes boosting the demand for consumer electronics packaging.
The expansion of consumer electronics packaging is projected throughout the forecast period because the advanced prevents the product from physical damage, electrostatic discharge, mechanical damage and others.
The Asia Pacific region followed by the North American region is projected to hold approximately 57% of the global consumer electronics packaging market by the end of 2027.
Get Flat 40% Off on Report Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-4793

More Insights into the Consumer Electronics Packaging Market

According to National Investment Promotion & Facilitation Agency (NIPFA), India has witnessed an opulent increase in demand for electronic products that has led to a significant rise in the consumer electronics packaging market with sales of around US$ 756 Mn in the year 2021 and is expected to reach around US$ 1515.0 Mn by the year 2027.

The Indian electronic manufacturing sector is anticipated to reach US$ 220 billion by 2025, due to strong policy support, massive investments by multiple stakeholders, and a surge in demand for electronic products.

Massive sales were witnessed for paper and paperboard boxes-based packaging solutions in China, the country is expected to represent a US$ 4.0 Bn incremental opportunity for consumer electronics packaging paper manufacturers during the forecast period of 2022-2027

Consumer Electronics Packaging Market By Category

By Product Type:

Corrugated Boxes
Paperboard Boxes
Thermoformed Trays
Bags & Pouches
Blister Packs & Clamshells
Protective Packaging
Others
By Application:

Mobile Phones
Computers
Laptops & Tablets
Desktops & Servers
TVs, DTH & Set-Top boxes
Music Systems
Printers, Scanners & Photocopy Machines
Game Consoles & Toys
Camcorders & Cameras
Electronic Wearable
Digital Media Adapters
Others
By Material Type

Plastic
Polyethylene (PE)
Polypropylene (PP)
Poly Vinyl Chloride (PVC)
Polyamide (PA)
Polyethylene terephthalate (PET)
Polystyrene (PS)
Others
Paper & Paperboard
Others
By Region:

North America
Latin America
Western Europe
Asia Pacific (APAC)
Middle East and Africa (MEA)
Japan
Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-4793

Table of Content

1. Executive 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 / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

Contact Us:
Future Market Insights Inc.   
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA   
T: +1-845-579-5705   
For Sales Enquiries: sales@futuremarketinsights.com     

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

This release was published on openPR.