Consumer Electronics Packaging Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033

The consumer electronics packaging market size has grown rapidly in recent years. It will grow from $23.01 billion in 2023 to $26.04 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to consumer electronics market growth, protection and durability requirements, increased focus on branding and aesthetics, increased regulatory compliance, increased e-commerce and online retail, and increased global supply chain expansion.

The consumer electronics packaging market size is expected to see rapid growth in the next few years. It will grow to $42.37 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%. The growth in the forecast period can be attributed to growing sustainable and eco-friendly packaging, compact and space-saving designs, packaging for emerging technologies, growing need for customized and personalized packaging, and growing electronics recycling and circular economy. Major trends in the forecast period include e-commerce packaging innovations, smart packaging with iot integration, innovative packaging for wearable electronics and ar/vr devices, introduction of user-friendly packaging, and technological innovation.

Market Overview -
Consumer electronics packaging is a protective covering for the products to ensure safe and secure shipping. Packaging is crucial, as electronic products have very tiny components that are delicate and prone to damage, it is used to protect the electronics from mechanical damage, electrostatic charge, natural disasters, and mishandling damage. Any electronic device intended for end users' or consumers' daily and non-commercial or professional use is known as consumer electronics (CE).

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Rising Demand For Eco-Friendly Paper And Paperboard Packaging Drives Consumer Electronics Packaging Market Growth
The increasing demand for paper and paperboard in packaging is driving the growth of the consumer electronics packaging market. Paper and paperboard are usually used in packaging due to their biodegradable and environmentally friendly nature. This can help to lower the cost of shipping used electronics. For instance, according to a survey conducted in January 2021 to explore consumer preferences, perceptions, and attitudes toward print, paper, and paper-based packaging, among 8,800 consumers at the global level by Two Sides North America, a US-based non-profit organization working to elevate the use of paper-based packaging and spread awareness, approximately 50% of people believed that paper-based packaging was better for the environment than other types of packaging, while 52% preferred products ordered online to be delivered in paper-based packaging. Therefore, the increasing demand for paper and paperboard packaging is propelling the consumer electronics packaging market growth.

Competitive Landscape -
Major companies operating in the consumer electronics packaging market include DS Smith plc, Mondi plc, International Paper Company, Sonoco Products Company, Shenzhen Hoichow Packing Manufacturing Ltd., Dordan Manufacturing Company, Hangzhou Xunda Packaging Co. Ltd., Dunapack Packaging Group, Universal Protective Packaging Inc., Parksons Packaging Ltd., Neenah Inc., Plastic Ingenuity, JJX Packaging Group, UFP Technologies Inc., JohnsByrne Company, Smurfit Kappa Group plc, Billerud AB, Stora Enso Oyj, WestRock Company, Pregis Corporation LLC., AMETEK Inc., E. I. du Pont de Nemours and Company, Tekni-Plex Inc., Huhtamaki Oyj, Graphic Packaging International LLC, Guangzhou Huaisheng Packaging Co. Ltd., Amcor Limited, Reynolds Group Holdings Limited, Sealed Air Corporation, Silgan Holdings Inc., Crown Holdings Inc.

Sandvik Coromant Introduces Ai-Powered Smart Packaging Solution For Efficiency And Sustainability
Product innovation is a key 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 enhance productivity and efficiency. For instance, in June 2021, Sandvik Coromant, a manufacturer of manufacturing tools and packaging services, launched a smart packaging solution to increase operational efficiency. This solution uses artificial intelligence (AI) to determine the smallest packaging required to contain products that would reduce costs and CO2 emissions. With this innovation, everything that can be packed, whether it's a small item like a tool, any electrical equipment, or a huge item like a bicycle, will be located in the smallest box it can fit into by the application. It makes no difference how something is packed, regardless of its size or geometrical shape.

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Key Segments -

The consumer electronics packaging market covered in this report is segmented -

1) By Product Type: Corrugated Boxes, Paperboard Boxes, Thermoformed Trays, Bags and Pouches, Blister Packs and Clamshells, Protective Packaging, Other Product Types
2) By Technology: Active Packaging, Intelligent Packaging, Modified Atmospheric Packaging, Anti-Microbial Packaging, Aseptic Packaging, Other Technologies
3) By Material Type: Plastic, Paper and Paperboard, Other Material Types
4) By Application: Mobile Phones, Computers, TVs, DTH and Set-Top boxes, Music Systems, Printers, Scanners and Photocopy Machines, Game Consoles and Toys, Camcorders and Cameras, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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