Consumer Electronic Packaging Market Size, Share, and COVID-19 Impact Analysis, By Material Type (Plastic, Paper & Paperboard, and Others), By Product Type (Boxes & Cartons, Trays, Bags & Pouches, Blister Packs, Clamshells, Protective Packaging, and Others), By End-use (Mobile Phones, Computers, DTH & Set-Top Boxes, Music Systems, Game Consoles, Cameras, Electronic Wearable, Printers, and Others), and Regional Forecast, 2024-2032

Consumer electronics packaging refers to the packaging of products such as televisions, cameras, and mobile phones. Such packaging protects the product from any damage during transit & shipment. The packaging also consists of information regarding the outcome for promotional purposes. The eye-catching & attractive packaging of consumer electronic products enhances the market growth worldwide. Manufacturers use specialized packaging for specific products to improve customer appeal, which increases market growth. Moreover, the increasing digitization is projected to drive the consumer electronics packaging market.

• For instance, on April 2020, Samsung, a South Korea-based electronics technology company, announced plans to launch new eco-friendly packaging for its Lifestyle T.V. product portfolio. The launch will be known as part of its sustainability commitment.

The growth of the global consumer electronics packaging market is driven by the rise in demand for advanced electronic devices in smart homes and a rapid increase in demand for rigid & protective packaging. Additionally, growing awareness for eco-friendly packaging materials and increasing disposable incomes encourage manufacturers to innovate and develop more advanced & sustainable packaging technology, further amplifying the global consumer electronics packaging market.

The fluctuating raw materials prices and the high cost associated with the packaging are the key factors hampering the growth of the global consumer electronics packaging market. In addition, the government has imposed stringent rules regarding the use of plastics worldwide, which will influence the market's growth in the forecast period.

IMPACT OF COVID-19 ON THE CONSUMER ELECTRONICS PACKAGING MARKET

The consumer electronics packaging market was forced to stop production due to government-imposed lockdowns & restrictions. The COVID-19 pandemic impacted the demand for gadgets & electronics as consumers were more in need of focusing on meeting their necessities, and that's how manufacturing of such items was also disrupted, which obstructed the growth of the global consumer electronics packaging market. On a different note, work from home was introduced by companies in different sectors, which increased the demand for products given the digital needs of consumers. The increase in the need for data centers, laptops & other devices has driven the market toward growth and is expected to augment the change in the forecast period.

KEY INSIGHTS

The report will cover the following key insights :

• Recent Advancements in Global Consumer Electronics Market


• Key Industry Trends


• Regulatory Landscape for the Global Consumer Electronics Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

ANALYSIS BY MATERIAL

Based on the material, the market is segmented into plastic, paper & paperboard, and others. Paper & paperboard is the leading material segment of the global consumer electronics packaging market. Paper & paperboard are bio-degradable & environmentally friendly, due to which it is highly utilized in the packaging of consumer electronics. Manufacturers are shifting towards more sustainable choices & implementing less use of plastic in packaging. Henceforth, the segment is expected to hold the largest market share and grow rapidly in the forthcoming years.

ANALYSIS BY PRODUCT

Based on the product, the market is segmented into boxes & cartons, trays, bags & pouches, blister packs, clamshells, protective packaging, and others. Boxes and cartons are the dominating product segment. Consumer electronics are packaged in boxes, made using paper board, and are highly utilized for packaging mobile phones, T.V.s, printers, etc. The properties of boxes and cartons, such as high strength, lightweight & ease of handling, help enhance the segment's growth. They are less costly & renewable, thus increasing the demand for packaging of computers, DTH, and many others worldwide.

ANALYSIS BY END-USE

Based on the end-use, the market is segmented into mobile phones, computers, DTH & set-top boxes, music systems, game consoles, cameras, electronic wearables, printers, and others. The increasing demand for protected packaging of products like mobile phones, accessories, chargers, and laptops in countries like India, Argentina, and China is augmenting the market growth. Mobile telephones & laptops are currently leading the market. This large share can be associated with the growing demand for smartphones across all age groups, particularly in emerging countries like India and China. This segment is contributing to the market's growth.

ANALYSIS BY REGION

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The region's market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The Asia Pacific consumer electronic packaging market is growing and holding the largest market share due to the middle class's increased spending on consumer electronics such as mobile phones, digital watches, and T.V.s. Furthermore, the e-commerce business has seen an upward trend in the consumer electronics sector, driving growth in this region. China is the foremost giver to the Asia Pacific Market since the country is considered the electronic hub. It has a large production hub to produce electronics products that deliver quality and performance standards, giving the electronic packaging market significant growth potential.

KEY PLAYERS COVERED

The report will include profiles of key players, such as DS Smith Plc, Sonoco Products, Sealed Air Corp, Huhtamaki Oyj, WestRock Company, UFP Technologies Inc., Stora Enso Oyj, Mondi Group Pregis Corporation, Shenzhen Hoichow Packing, Smurfit Kappa Group PLC, Dordan Manufacturing Com, Hangzhou Xunda Packaging, Dunapack Packaging Group, Universal Protective Pac, Antalis Packaging, Parksons Packaging Ltd., Neenah Paper Inc., Plastic Ingenuity Inc., JJX Packaging LLC, and others.

SEGMENTATION

KEY INDUSTRY DEVELOPMENTS. 

• February 2023: Flexpak, LLC, a value-added distributor and supplier of packaging supplies, broadcasted that it completed the acquisition of Preferred Packaging Products, Inc. The company specializes in custom packaging for high-value products and supports its customers across varied end markets, including electronics, consumer products, instrumentation, and healthcare.


• February 2023: Cruz Foam declared the launch of a revolutionary new family of eco-friendly protective packaging products. The company highlights highly-performant solutions to fulfill specific customer requirements for shipping fragile and temperature-sensitive products for consumers and businesses.