Press release
Electronic Goods Packaging Market Global Key Players DS Smith Plc. (U.K.), International Paper Company (U.S.), Mondi plc. (Austria), Sealed Air Corporation (U.S.), Smurfit Kappa (Republic of Ireland) and Others
MarketResearchFuture.com added New Report Named “Electronic Goods Packaging Market 2018: Global Industry Analysis, Market Growth and Opportunity Assessment, Segmentation By Material (Corrugated Boxes, Foamed Plastic, Paperboard, Bubble Packaging, Others), By Product Size (Small Appliances, Large Appliances), By Technology (Authentication Packaging, Track And Trace Packaging) And By Region | Outlook to 2023” to its Database.Global Electronic goods packaging market is expected to grow over the CAGR of around 5% during the period 2017 to 2023.
Key Players
DS Smith Plc. (U.K.), International Paper Company (U.S.), Mondi plc. (Austria), Sealed Air Corporation (U.S.), Smurfit Kappa (Republic of Ireland), Dunapack Packaging (Austria), Georgia-Pacific LLC (U.S.), Graham Packaging (U.S.), Pregis LLC (U.S.), Sonoco Products Company (U.S.), Stora Enso (Finland) are some of the prominent players at the forefront of competition in the global electronics goods packaging market and are profiled in MRFR Analysis.
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Global Electronics Goods Packaging Market - Overview
The growth of electronics goods packaging is influenced by the growing trend for online shopping, and rapid growth in electronic sector. Furthermore the increasing disposable income and changing buying patterns have also resulted in the high demand for electronics goods packaging market.
One of the key drivers contributing to the growth of the market is high demand for protective packaging. With the expansion of manufacturing base and factory infrastructure, there is seen an increasing investment by the manufacturers. This along with rapid growth in the e-commerce sector have induced the market growth. This is considered as one of the strongest drivers.
According to REED Electronic Research, in 2015, China accounted for 38% of electronics equipment production in the global market. In the present scenario, consumer electronics is the highest selling category due to increase in the number of online platforms. This rapid growth in the electronic sector is driving the demand of the electronics goods packaging.
The evolving technology in most of the electronics and gadgets have led to the high demand. Today, the manufacturers are faced with high level of competition in electronics due to the changing technology and the same change is met with the demand and expectation. The buying trend and preferences have also changed in last many years. The consumers have transitioned towards new age technology and the replacement and frequent new purchases have been very high lately.
Most of the consumers as well as manufacturers today are concerned about the packaging and its impact on the environment due to the rising awareness of environment protection. Thus the packaging firms are also seen investing more in the material and protective packaging products, which are suited for intensive distribution in the online shopping platforms.
Global Electronics Goods Packaging Market - Competitive Analysis
The electronics companies have been introducing various products with latest technology. The product line is expanding by the day. The high demand is met with the highest level of competition across the packaging firms. The packaging firms are investing the protective packaging suitable for various retail formats, and also in the environment friendly packaging.
In October 2017, DS Smith plc announced the opening of the company's first rigid packaging manufacturing plant in North America. The new plant has helped the company spread its footprint in the region along with 6 other flexible packaging plant. Also, DS Smith Plc, in 2016, announce the acquisition of Parish Manufacturing Inc., which is further expected to expand its presence.
Sealed Air Corporation in 2017, announced the acquisition of Fagerdala Singapore Pte Ltd. The company acquired 100% of shares in Fagerdala which was valued at USD 100 million. The sale is expected to close in October of 2017. With the acquisition the company is expected to expand its footprint in Asia. Fagerdala has integrated operations in the Asia which will allow Sealed to expand their business in Asian market.
Georgia-Pacific announced its expansion plans. The company is expected to continue to expand its corrugated packaging business. In line with this, Georgia-Pacific announced the acquisition of PAX Corrugated Products. PAX offers corrugated sheet plant and has more than 100 employees in Lebanon, Ohio.
Global Electronics Goods Packaging Market - Segments
Global Electronics Goods Packaging Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Material : Comprises – Corrugated Boxes, Foamed Plastic, Paperboard, Bubble Packaging, Others
Segmentation By Product Size : Comprises – Small Appliances, Large Appliances
Segmentation By Technology : Comprises – Authentication Packaging, Track And Trace Packaging
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World
Global Electronics Goods Packaging Market - Regional Analysis
Asia-Pacific is expected to show a very high growth rate in demand for electronics goods packaging. The reason is attributed to the rising disposable incomes and the booming ecommerce industry. The electronics goods packaging market in developing countries such as China and India are estimated to witness spiked growth rate, where China is estimated to grow faster due to its positive economic indicators along with increase in online shopping and rapid urbanization.
China holds the largest market in Asia Pacific. In China, there is seen an expanding manufacturing base for electronic goods, and the same is met with high demand from all types of retail formats. Rising increase in disposable income, are the major driving actors for such packaging solutions.
India on the other hand offers flourishing markets for electronics both in the physical retail outlets, and online platforms. The country has been able to invite various global sellers and online platforms due to positive business environment and high demand. Electronics is one of the top selling categories in any online platform and its positive economic growth along with various developmental policies encourage such retail outlets. This in turn induced the demand for electronic packaging in the country.
Browse Full Report@ https://www.marketresearchfuture.com/reports/electronic-goods-packaging-market-3118
Product Analysis
• Product matrix which gives a detailed comparison of the market for different recycled product types
Additional Information
• Regulatory Landscape
• Pricing Analysis
• Macroeconomic Indicators
Geographic Analysis
• Geographical analysis across 15 countries
Company Information
• Profiling of 10 key market players
• In-depth analysis including SWOT analysis, and strategy information of related to report title
• Competitive landscape including emerging trends adopted by major companies
Brief TOC :
1. Executive Summary
2. Research Methodology
3. Market Dynamics
4. Global Market, By Packaging Type
5. Global Market, By Technology
6. Global Market, By Application
7. Global Market, By End-user
8. Regional Market Analysis
9. Competitive Analysis
10. Conclusion
11. List Of Tables
12. List Of Figures
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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