Covid-19 to Push the Consumer Electronics Packaging Market
As per a report available on XploreMR, the global consumer electronics packaging market is expected to go great guns between 2020 and 2030.
Digitization is influencing every walk of life. The resultant growth of IoT market is driving the demand for superlative all-weather packaging with regards to consumer electronics products. Sensors, routers, and network servers – the fragile products that find placement in IoT networks need efficient all-weather resistant packaging.
Air pillows, air bubble wraps, and many other inflatable packaging products are being emphasized on by the players dealing with consumer electronics packaging products. They render protection against water, corrosion, harsh weather conditions, dust, and electrostatic discharge.
Moreover, an ever-increasing penetration of smartphones, laptops, tablets, and e-readers in several under-developed and developing countries like South Africa, Nigeria, Argentina, Brazil, Bangladesh, and India is catalysing the demand for corrugated boxes and folding cartons.
Desktops and laptops are sold through corrugated boxes, whereas tablets and cell phones find their way too customer through folding cartons. Product innovation needs to be emphasized on, so as to gain a competitive advantage.
Consumer Electronics Packaging Market Dynamics
Going by type of product, the global consumer electronics packaging market has paperboard boxes, corrugated boxes, thermoformed trays, pouches and bags, clamshellls, protective packaging, and others. As far as material is concerned, the market spans PVC, PA, PET, PE, PP, PS, paper and paperboard, and others. Paper and paperboard is expected to go on with its winning streak in future due to its biodegradability.
The application sector consists of mobile phones, computers (desktops & servers, tablets & laptops), television, DTH, set-top boxes, music systems, printers, scanners, photocopy machines, game consoles & toys, cameras & camcorders, electronic wearable, and DMRs (Digital Media Adapters). The “computers” section dominates the market and is expected to do so going further as well.
The outbreak of Covid-19 has accelerated the demand for consumer electronics packaging, as people prefer being doubly cautious regarding purchase and delivery.
Consumer Electronics Packaging Market Scope: Region—wise
The consumer Electronics Packaging Market, region-wise, spans North America (Canada, US), Eastern Europe (Russia and Poland), Western Europe (Luxembourg, The Netherlands, Belgium, Nordic countries, Italy, Spain, France, UK, Germany), APEJ (New Zealand, Australia, ASEAN, India, China), Japan, MEA (North Africa, Southern Africa, GCC), and Latin America (Chile, Peru, Brazil, Mexico, and others).
APEJ is expected to hold the largest market share all through the forecast period. It is, in fact, expected to register a double-digit growth rate between 2020 and 2030. This could be reasoned with consumer electronics packaging penetrating the region at a rapid pace. It is mainly due to the growing inclination of middle class towards wearable electronics, tablets, and smartphones.
Eastern Europe gets benefited on the account of strategic location along with a strong base of packaging manufacturers herein. The MEA market is also expected to catch up.
North America is looking through increasing demand for environmentally-friendly and easy-to-use consumer electronics packaging. This is driving the use of recyclable materials for consumer electronics packaging. Western European population is also treading the same path. They are ready to shell out extra money to contribute towards prevention of environmental pollution. Also, cross channel distribution is being put into practice over here.
The key players in the consumer electronics packaging market include DS Smith Plc, Sonoco Products Company, UFP Technologies Inc., WestRock Company, Mondi Group, Sealed Air Corporation, International Paper Company, Universal Protective Packaging Inc., Dunapack Packaging Group, Neenah Paper Inc., Plastic Ingenuity Inc., JJX Packaging LLC, Parksons Packaging Ltd., Dordan Manufacturing Company, and Hangzhou Xunda Packaging Co. Expansions are also on the agenda. For instance – Stora Enso, in Aug 2020, announced building pilot facility for producing Cellufoam – a fiber-based, lightweight foam material to render protective cushioning and packaging.
Important Questions Answered
- What is the growth potential of the consumer electronics packaging market?
- Which company is currently leading the consumer electronics packaging market? Will the company continue with the winning streak during the forecast period?
- What are the top strategies that players are expected to adopt in the years to come?
- Which regional market is anticipated to secure the highest market share?
- How will the competitive landscape change in future?
- What do players need to do to adapt to future competitive changes?
- What will be the total production and consumption with regards to consumer electronics packaging by 2030?
- Which are the key upcoming technologies? How will they impact the consumer electronics packaging market?
- Which product segment is expected to show the highest CAGR?
- Which application is forecast to gain the biggest market share?
Highlights of TOC:
Overview: Along with a broad overview of the consumer electronics packaging market, this section gives an overview of the report to give an idea about the nature and contents of the research study.
Market Dynamics: Here, the authors of the report have comprehensively discussed about key drivers, restraints, challenges, trends, and opportunities of the consumer electronics packaging market.
Product Segments: This part of the report throws light on the market growth of several types of products sold by leading companies.
Application Segments: The analysts authoring the report have deeply assessed the market potential of key applications and identified future opportunities they are expected to create in the consumer electronics packaging market.
Geographical Segments: Each regional market is carefully looked into for understanding its current and future growth scenarios.
Company Profiles: Top players of the consumer electronics packaging market are thoroughly profiled in the report based on their market share, market served, products, applications, regional growth, and other factors.
In-depth primary and secondary research has been leveraged to acquire the necessary data points pertaining to the global consumer electronics packaging market
The essence of any exemplary market study is strong research capability along with accurate number crunching and data analysis. Data gathered through extensive secondary research when validated through primary research in the form of interviews with key market stakeholders enables analysts to derive the important metrics and data points pertaining to the market being studied. XploreMR deploys this systematic research methodology to study and analyse the global consumer electronics packaging market and presents the findings and market forecasts in terms of value and volume for a period of 10 years from 2017 to 2027 in a new publication. This report titled ‘Consumer Electronics Packaging Market: Global Industry Analysis (2012 – 2016) & Opportunity Assessment (2017 – 2027)’ is a comprehensive take on the global consumer electronics packaging market and highlights the different factors anticipated to impact market revenue growth in the coming decade.
XploreMR employs exhaustive secondary research to identify consumer electronics packaging production trends and forecasts across geographies, consumer electronics packaging products sales volumes and historical trends, product type comparison and performance criteria, consumer electronics packaging manufacturers’ overview, changing prospects across key geographies, end use industry growth projections, regional average pricing trends based on application type, key consumer electronics packaging manufacturers’ product and service portfolio, and the regional players operating in the market. Primary research is leveraged to validate the present and future market scenario, major drivers, restraints, trends, and opportunities in the global consumer electronics packaging market, top challenges faced by manufacturers and customers, key winning strategies followed by consumer electronics packaging manufacturers, market segmentation criteria, regional, application type, material type, and product type volume/value split, average product cost, presence of players from the unorganised sector, market scenario in developed and developing economies, adoption and likely penetration in various market segments, and anticipated market growth projections.
A systematically structured report for ease of access to qualitative and quantitative information on the global consumer electronics packaging market
The report begins with an executive summary (market overview, analysis, recommendations), market introduction (definition, taxonomy), market viewpoint (macroeconomic factors, drivers, restraints, opportunities) and market analysis (volume projections, market size, Y-o-Y growth, absolute $ opportunity, value chain analysis). The next part of the report provides valuable information on the global and regional consumer electronics packaging market forecasts – both historical and current market estimations. Pricing analysis, impact analysis of drivers and restraints and a list of key representative market participants is also provided. An important section features the competitive landscape of the global consumer electronics packaging market. Here, we present the market share analysis, a competition intensity mapping by market taxonomy, and a competition dashboard to provide a holistic picture of the vendor ecosystem of the global consumer electronics packaging market. We have also profiled some of the top companies operating in the global market and presented information on their business overview, key financials, growth and expansion strategies, and recent market developments.
Key assumptions used in this exhaustive report on the global consumer electronics packaging market
Weighted average prices in US$/Tonne have been considered for packaging product types to arrive at market size numbers. The prices of packaging products have been tracked at the wholesaler level after conversion through trade websites and primary interviews. Factors such as growth in per capita food consumption, GDP growth, retail industry growth, global consumer flexible packaging, and packaging films demand have been considered to arrive at the global market forecast. Market splits by packaging product type and preference for consumer electronics packaging products have been deduced from surveys and primary research.
An in-depth segmentation to offer a complete picture of the global consumer electronics packaging market
By Product Type
Consumer Electronics Packaging Market: Tough Competition Between North America & Western Europe for Second Position in Terms of Market Share: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2027)Buy Now
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