Consumer Electronics Packaging Market Size
Consumer Electronics Packaging Market was valued at USD 26.2 Billion in 2023 and is anticipated to grow a CAGR of over 18.4% between 2024 and 2032. The issue of sustainability is fueling changes in the industry as technology advances and consumers’ demands change. Manufacturers are now looking at recyclable and bio–degradable packaging options which not only align to their global sustainability ambitions but also go hand-in-hand with the increasing trend of eco-friendly material demands and minimalist design.
To get key market trends
Furthermore, growing need for creative, safe packaging that guarantees product safety and strengthens a company's brand image has resulted from more sales of consumer goods via the Internet. Personalized packaging that combines creative elements like QR codes to convey product specifics for the hi-tech consumers is another significant trend here.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Consumer Electronics Packaging Market Size in 2023 | USD 26.2 Billion |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 18.4% |
| 2032 Value Projection | USD 119 Billion |
| Historical Data for | 2018 – 2023 |
| No. of Pages | 120 |
| Tables, Charts & Figures | 252 |
| Segments covered | Material Type, Product Type, End-User, Distribution Channel & Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Since the worldwide regulations on packaging materials and waste disposal are changing continually demanding for modifications, consumer electronics packaging faces regulatory obstacles that could slow-down operation as well as increase complexity.
Consumer Electronics Packaging Market Trends
Environmental issues are driving consumer electronics packaging industry toward sustainable materials and small, understated designs. Growing online retail, where customizing and smart packaging integration are also rather popular among discerning consumers, has boosted demand for appealing yet safe packaging. Collaboration across the supply chain for simplified, environmentally sensitive solutions and innovations like QR codes for increased engagement and information distribution changing the market landscape constitute some significant developments in the market.
Consumer Electronics Packaging Market Analysis
Learn more about the key segments shaping this market
Claiming a strong 45%, boxes will still rule the consumer electronics packaging industry in 2023. They are the ideal solution for safeguarding devices and allowing room for branding and product data. Still, pouches and backpacks are becoming more and more popular—especially for little accessories and peripherals. Convenience and mobility call for these light choices. Demand for sleek, understated, and striking packaging solutions has surged as consumers migrate toward smaller electronics. Although some smaller packages might not have the same development potential as bigger ones, they are nonetheless seeing fast expansion to fulfill the particular needs of consumers.
Learn more about the key segments shaping this market
Based on material type, paper & paperboard packaging have historically held a larger market share, around 30% in 2023. Packaging made of paper and paperboard has dominated the field because it is recyclable, biodegrades, and is perceived as eco responsible. Furthermore, consumers’ tastes for environmentally friendly alternatives have only fuelled the expansion of paper-based packaging within the consumer electronics industry and made more companies decide to use these materials for their products which have ultimately made this segment lead on the market.
In the world of consumer electronics, smartphones and tablets are the rockstars, accounting for roughly 27% of the market in 2023. These gadgets have us hooked! But it's not just about the devices. The packaging that protects them is evolving too. It's shrinking in size to be more compact, but it's also getting tougher and more eco-friendly. And here's the kickerit's getting smarter with the addition of features that make it easier to use. Why smartphones and tablets rule the packaging game? Because they're constantly getting new updates and selling like hotcakes. They outshine their counterparts like computers, laptops, TVs, and monitors. The constant need for new packaging for our beloved mobile devices is driving the demand for innovative and environmentally responsible options. It's no wonder these pint-sized wonders are dominating the consumer electronics packaging world!
Based on distribution channel, the online retail holds a significant share, about 45% in 2023. Packaging trend in e-retail consumer electronics. Increased demand for online sales necessitates sturdy packaging for product protection while in transit which spurs creativity in protective design. Digital-literate customers nowadays appreciate customized boxes with built-in intelligent elements, making unpackaging interesting and exciting. This area is also being dominated by online sales which is rapidly growing at present where packaging serves as the extension of brand identity and competes with others online.
Looking for region specific data?
In the consumer electronics market, the United States boasts great power. The U.S. commands a huge $8.5 billion piece of the worldwide market in 2023, hardly surprisingly given its superior manufacturing and laser focus on innovation and tech. Plastic packaging is not an exception as Americans are drawn to environmentally friendly materials more and more. It satisfies consumer desires, is easily molded and recyclable. Packaging for a smartphone and tablet is no one-size-fits-all. The modern designs need for custom-made packaging. We also need more protective packing for delicate screens like TVs and monitors given the rise in internet buying. The most often used material for packaging electronics is plastic because of its adaptability, cost-effectiveness, recyclability. Customers love it since it's also adaptable and may be applied for different products.
Consumer Electronics Packaging Market Share
Major market players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
In September, 2023, International Paper marked the inauguration of its cutting-edge corrugated packaging facility in Atglen, PA, with a grand celebration. Valued at $100 million, this new establishment stands as a testament to the company's commitment to excellence. Its primary focus lies in crafting high-quality corrugated packaging tailored to serve various industries, including produce, processed food, beverages, shipping, distribution, and the rapidly expanding realm of e-commerce.
Consumer Electronics Packaging Market Companies
Major players operating in the consumer electronics packaging industry include
- International Paper Company
- DS Smith Plc
- Smurfit Kappa Group
- Mondi Group
- Sonoco Products Company
- Sealed Air Corporation
Consumer Electronics Packaging Industry News
- In September 2023, DS Smith, a paperboard and packaging producer headquartered in the United Kingdom, has commenced the provision of recycled-content and recyclable packaging for Philips Home Appliance products manufactured by Versuni, based in the Netherlands. This collaboration between the two companies, housing globally acclaimed domestic appliance brands, focuses on the creation and distribution of packaging solutions that are entirely made from recycled materials and are fully recyclable.
The consumer electronics packaging market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2018 to 2032, for the following segments
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By Material Type
- Paper & Paperboard Packaging
- Plastic Packaging
- Metal Packaging
- Glass Packaging
By Product Type
- Boxes
- Bags & Pouches
- Trays
- Protective Packaging
- Others
By End-User
- Smartphones & Tablets
- Computers & Laptops
- TVs & Monitors
- Cameras & Accessories
- Home Appliances
- Others
By Distribution Channel
- Online Retail
- Offline Retail
- Specialty Stores
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- South Africa
- Saudi Arabia
- UAE
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