Global Mobile Phones Packaging Market to Grow at Over 7.4% CAGR through 2027

The market for mobile phones packaging is gaining traction due to packaging needs of mobile handsets, charger, USB cables etc. Further, the branding objectives implemented by various players is also seen as a primary growth factor. To study the market for mobile phones packaging, a new study has been added to the vast database of Market Research Reports Search Engine (MRRSE). This research report is titled “Mobile Phones Packaging Market - Global Industry Analysis and Forecast 2017 – 2027”, which encloses information about the prime applications and players operating in the concerned market.

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The primary objective of the report is to identify opportunities in the global mobile phones packaging market and offer updates as well as insights pertaining to various segments of the targeted sector. As per key research finding, the global mobile phones packaging market is likely to display a CAGR of 7.4% between 2017 and 2027. At this pace, the market is expected to acquire a worth of US$8,055.1 mn by 2027 from a valuation of US$3,715.3 mn in 2016.

The research report starts with the evaluation of market performance in terms of revenue, followed by details about the key trends, drivers, and restraints prevailing in the global mobile phones packaging market. Further, impact analysis of the key growth drivers and restraints on the basis of the weighted average model is also present in the report.

As the report proceeds, the readers can access knowledge about the market segmentation based on different factors, namely packaging type, material type, application type, and region. On the basis of packaging type, the market is bifurcated into rigid boxes, folding cartons, insert trays, flexible films, thermoformed blisters, and others. Moreover, based on material type, the market is segmented into paperboard, plastics, and molded fiber. It has been noted that plastic based packaging is expected to rise at a below average CAGR of 3.9% during the forecast period 2017-2027. This is primarily due to the limited scope of applications of plastic based packaging.

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Geographically, the market for mobile phones packaging is split into North America, Europe, Latin America, Middle East & Africa and Asia Pacific. Among these, the Asia Pacific is tagged as the leading region holding 30.3% share of the overall market. The concluding section of the report deals with the competitive landscape focusing on the prime players from the mobile phones packaging market. Companies such as Pragati Pack (India) Pvt. Ltd., Plastic Ingenuity Inc., UFP Technologies Inc., Any Graphics Private Limited, Cellpaks Solutions Ltd. and Hip Lik Packaging Products Pvt. Ltd. are part of this study.

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