Major players in the consumer electronics packaging market are DS Smith plc, Monty plc, International Paper Company, Sonoco Products Company, Shenzhen Hoichow Packing Manufacturing Limited, Dorden Manufacturing Company, and Hangzhou Xunda Packaging Company.
NEW YORK, Dec. 05, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Releases Report “Consumer Electronics Packaging Global Market Report 2022: Ukraine-Russia War Impact” – https://www.reportlinker.com/3306 /?utm_source=GNW
Dunapack Packaging Group, Universal Protective Packaging Inc., Parksons Packaging Ltd., Neenah Inc., Plastic Ingenuity, JJX Packaging, UFP Technologies Inc., and JohnsByrne Company.
The global consumer electronics packaging market is expected to grow from USD 17.47 billion in 2021 to USD 20.05 billion in 2022 at a compound annual growth rate (CAGR) of 14.8%. The Russia-Ukraine war has hampered prospects for a global economic recovery from the Covid-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions in multiple countries, spikes in commodity prices, and disruptions in supply chains, impacting many markets around the world. The consumer electronics packaging market is expected to grow to USD 31.26 billion by 2026 at a CAGR of 11.7%.
The consumer electronics packaging market consists of sales of consumer electronics packaging by organizations (organizations, sole traders, partnerships) used to protect electronics from mechanical damage, electrostatic charge, natural disasters, and mishandling damage. Everyday, non-commercial or professional use by users or consumers is known as consumer electronics (CE).
Consumer electronics packaging is a protective shield for products to ensure safe and secure shipping. Packaging is critical as electronic products contain very small components that are delicate and susceptible to damage.
Major products in consumer electronics packaging include corrugated boxes, paperboard boxes, thermoformed trays, bags and pouches, blister packs and clamshells, protective packaging, etc. , Stationery, Electronics, Medicine etc.
Corrugated boxes refer to cartons made of several layers of material instead of a sheet-like cardboard. Generally, there are three layers in corrugated boxes, which together form a single sheet.
Different technologies include active packaging, intelligent packaging, modified atmosphere packaging, anti-microbial packaging, aseptic packaging and others. Other materials include plastic, paper, paperboard and other materials used in mobile phones, computers, TVs, DTH, set-top boxes, music systems, printers, scanners, photocopy machines, game consoles, toys, camcorders, cameras. , and others.
Asia Pacific was the largest region in the consumer electronic packaging market in 2021. Asia Pacific is expected to be the fastest growing region during the forecast period.
Regions covered in the Consumer Electronic Packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growing demand for paper and paperboard in packaging is driving the growth of the consumer electronics packaging market. Paper and paperboard are commonly used in packaging due to their biodegradable and eco-friendly nature.
This will help reduce the cost of shipping used electronics. For example, Two Sides North America, a US-based non-profit organization that works to raise awareness and promote the use of paper-based packaging, conducted a January 2021 survey to explore consumer preferences, perceptions, and attitudes toward print, paper, and paper-based packaging among 8,800 consumers globally, among others. About 50% of people believed that paper-based packaging was better for the environment than type packaging. 52% preferred products ordered online to be delivered in paper-based packaging.
Hence, increasing demand for paper and paperboard packaging is driving the growth of the consumer electronics packaging market.
Product innovation is a major trend gaining popularity in the consumer electronics packaging market. Major companies operating in the consumer electronics packaging sector are using new and innovative products to increase productivity and efficiency.
For example, in June 2021, Sandvik Coromant, a manufacturer of construction equipment and packaging services, launched a smart packaging solution to increase operational efficiency. This solution uses artificial intelligence (AI) to determine the smallest packaging needed to contain products, reducing costs. and CO2 emissions.
With this innovation, everything that can be packed, be it a small item like a tool, any electrical equipment, or a large item like a bicycle, will be located in the smallest box that the application can fit. Regardless of the size or geometric shape of an object, it makes no difference how it is packed.
In February 2022, Menasha Packaging Company LLC, a US-based packaging and merchandising solutions provider, acquired Color-Box, a business unit of Georgia-Pacific LLC, for an undisclosed amount. Geographical reach and providing clients with more graphic, design and structural packaging alternatives.
Georgia-Pacific LLC is a US-based firm engaged in the business of packaging for consumer goods, consumer electronics and pharmaceuticals.
The countries covered in the Consumer Electronic Packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Consumer Electronics Packaging Market Research Report is a series of new reports that provide Consumer Electronics Packaging market insights, Consumer Electronics Packaging industry global market size, regional shares, Consumer Electronics Packaging market share competitors, detailed Consumer Electronics Packaging market segments, market trends and opportunities in the Consumer Electronics Packaging industry And more data you might need to thrive. This Consumer Electronics Packaging Market research report gives you a complete view of everything you need with an in-depth analysis of the current and future scenario of the industry.
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