Major players in the consumer electronics packaging market are DS Smith PLC, Mondi PLC, International Paper Company, Sonoco Products Company, Shenzhen Hoichow Packing Manufacturing Ltd., Dordan Manufacturing Company, Hangzhou Xunda Packaging Co.
New York, 05 Dec. 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Consumer Electronics Packaging Global Market Report 2022: Ukraine-Russia War Impact” – https://www.reportlinker.com/p06370330/?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 $17.47 billion in 2021 to $20.05 billion in 2022 at a compound annual growth rate (CAGR) of 14.8%. The Russian-Ukrainian war has disrupted the chances of 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 against several countries, a spike in commodity prices and supply chain disruptions, affecting many markets around the world. The consumer electronics packaging market is expected to reach $31.26 billion by 2026 at a CAGR of 11.7%.
The consumer electronics packaging market includes sales of consumer electronics packaging by entities (organizations, independent traders, and partnerships) that are used to protect electronics from mechanical damage, electrostatic charge, disaster natural materials and damage caused by improper handling. Any electronic device intended for the day-to-day, non-commercial or professional use of users or consumers is known as consumer electronics (CE).
Consumer electronics packaging is a protective covering for products to ensure safe and secure shipment. Packaging is crucial, as electronic products contain very small components that are delicate and susceptible to damage.
Major product types in consumer electronics packaging include corrugated boxes, cardboard boxes, thermoformed trays, bags and pouches, blister packs and shells, protective packaging, etc. Corrugated boxes are used as packaging materials for a variety of products such as food. , stationery, electronics, medicine, etc.
Corrugated boxes refer to cartons made up of a few layers of material instead of a single sheet-like carton. Usually three layers are present in corrugated boxes, which are glued together to form a single sheet.
The different technologies include active packaging, smart packaging, modified atmospheric packaging, antimicrobial packaging, aseptic packaging, etc. The different types of materials include plastic, paper, cardboard and others that are used in cell phones, computers, televisions, DTHs and set-top boxes, music systems, printers, scanners and photocopiers, game consoles and toys, camcorders and cameras. , and others.
Asia-Pacific was the largest region in the consumer electronics 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.
Rising demand for paper and cardboard in packaging is driving the growth of consumer electronics packaging market. Paper and cardboard are commonly used in packaging due to their biodegradable and environmentally friendly nature.
This can help reduce the cost of shipping used electronics. by Two Sides North America, a US-based non-profit organization that works to increase the use of paper-based packaging and raise public 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 packaging.
Hence, the growing demand for paper and cardboard packaging propels the growth of the consumer electronics packaging market.
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 improve productivity and efficiency.
For example, 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 needed to contain products that would reduce costs. and CO2 emissions.
With this innovation, anything that can be packed, whether it’s a small item like a tool, any electrical equipment, or a large item like a bicycle, will be placed in the smallest box the application will be able to hold. It doesn’t matter how something is packaged, regardless of its size or geometric shape.
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. With this acquisition, Color-Box is expected to increase geographic reach and provide customers with more graphic, design and structural packaging alternatives.
Georgia-Pacific LLC is a United States-based company operating in the packaging sector for consumer goods, consumer electronics and medicines.
Countries covered in the Consumer Electronics Packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea , the United Kingdom and the United States.
The Consumer Electronics Packaging Market research report is part of a series of new reports that provides Consumer Electronics Packaging market statistics, including the global market size of the Consumer Electronics Packaging industry. consumer electronics packaging, regional shares, competitors holding consumer electronics packaging market share, detailed segments of the consumer electronics packaging market, market trends and opportunities, and any other data you may need to thrive in the consumer electronics packaging industry. This Consumer Electronics Packaging Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of current and future industry scenarios.
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