Consumer Electronics Packaging Market to Surge to US$ 35.4 Bn by 2027, Driven by Digital Age Dependency & E-commerce


The global consumer electronics packaging market is expected to represent a total incremental opportunity of US$ 13.2 Bn during the forecast period.

The Consumer Electronics Packaging Market is undergoing a substantial transformation, characterized by impressive growth and innovative trends. With revenues reaching US$ 22.2 billion in 2022 and projected to soar to US$ 35.4 billion by 2027, the market showcases a robust Compound Annual Growth Rate (CAGR) of 9.8%. In 2021, the sector experienced a noteworthy upswing of 9.9% YoY, as indicated by Future Market Insights (FMI). This trend is poised to create an incremental opportunity of US$ 13.2 billion during the forecasted period.

Notably, the Asia Pacific and North American regions are anticipated to jointly hold an imposing 57% share of the global consumer electronics packaging market by 2027. This market’s evolution is fueled by novel packaging solutions that boast unique, vibrant, and memorable designs, aligning with minimalistic aesthetics.

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Growth Opportunities in the Consumer Electronics Packaging Industry:

  1. Sustainable Packaging Solutions: The growing emphasis on environmental sustainability presents an opportunity for packaging companies to develop and provide eco-friendly packaging solutions for consumer electronics, meeting the increasing demand for environmentally responsible practices.
  2. Customization and Personalization: Consumer preferences for personalized and customized products are on the rise. Packaging companies can capitalize on this trend by offering tailor-made packaging solutions that enhance the brand experience and provide a unique identity to consumer electronics products.
  3. E-commerce Packaging Solutions: With the surge in online retail and e-commerce, there is a growing need for packaging solutions that ensure the safe transportation of consumer electronics. Companies can explore innovative packaging designs and materials that cater specifically to the challenges posed by the e-commerce supply chain.
  4. Smart Packaging Integration: Incorporating smart packaging technologies, such as RFID tags or augmented reality features on the packaging, can enhance user engagement and provide additional value to consumers. This presents an opportunity for packaging companies to integrate technology into their offerings.
  5. Global Market Expansion: The increasing globalization of consumer electronics markets offers packaging companies the opportunity to expand their presence globally. Adapting packaging designs to meet diverse cultural preferences and regulatory requirements can open up new markets and customer bases.

Industry Trends:

  1. Minimalist and Functional Design: There is a trend towards minimalist and functional packaging design in the consumer electronics industry. Packaging that is both aesthetically pleasing and efficiently serves its purpose is gaining popularity.
  2. Smart Packaging and IoT Integration: Consumer electronics packaging is increasingly incorporating smart features, including IoT (Internet of Things) integration. This allows consumers to interact with the packaging itself, providing additional information, product tracking, or interactive experiences.
  3. Eco-Friendly Materials: The industry is witnessing a shift towards the use of sustainable and eco-friendly packaging materials. Consumers are becoming more environmentally conscious, leading to a demand for packaging solutions that minimize environmental impact.
  4. Anti-Counterfeiting Measures: As the consumer electronics market faces challenges related to counterfeit products, there is a growing trend towards incorporating anti-counterfeiting features in packaging. This includes technologies like holographic labels, QR codes, and other authentication methods.
  5. Packaging Automation: Automation is playing a significant role in the consumer electronics packaging industry. Automated packaging solutions not only enhance efficiency but also contribute to reducing costs and ensuring consistency in the packaging process.

Key Companies Profiled              

  1. DS Smith Plc
  2. Mondi Group
  3. International Paper Company
  4. Sonoco Products Company
  5. Sealed Air Corporation
  6. Huhtamaki Oyj
  7. Smurfit Kappa Group PLC
  8. WestRock Company
  9. UFP Technologies, Inc.
  10. Stora Enso Oyi
  11. Pregis Corporation
  12. Shenzhen Hoichow Packing Manufacturing Ltd.
  13. Dordan Manufacturing Company
  14. Hangzhou Xunda Packaging Co.
  15. Dunapack Packaging Group
  16. JJX Packaging LLC

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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

About Future Market Insights

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market.

Contact Information

Future Market Insights

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Future Market Insights Inc.
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Phone : 8455795705
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Published in

Business , News

Published on

Feb 07, 2024

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