Electronic Goods Packaging Market 2018: Industry Size, Share, Trends, Growth, Regional Analysis and Segmentation By Material (Corrugated Boxes, Foamed Plastic, Paperboard, Bubble Packaging, Others), Product Size (Small Appliances, Large Appliances), Technology (Authentication Packaging, Track And Trace Packaging) And Region – Global Forecast To 2023
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Electronic Goods Packaging Market Scenario
Boom in e-Commerce Retail to Augment the Global Electronic Goods Packaging Market Size till 2023
The global electronic goods packaging market is presumed to demonstrate 5% CAGR during the forecast period (2017-2023) owing to the boom in the e-commerce retail industry, asserts Market Research Future (MRFR). Electronic goods packaging is referred to as fill materials generally used to identify, protect, and prevent damage and tampering of electronic goods. Proper packaging of electronic goods is becoming essential with the growing competition in the electronics industry due to diversified product offerings and product differentiation.
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Competitive Dashboard
The prominent players operating the global electronic goods packaging market are –
• Dunapack Packaging (Austria)
• Mondi Plc. (Austria)
• Graham Packaging (U.S.)
• Pregis LLC (U.S.)
• International Paper Company (U.S.)
• Sealed Air Corporation (U.S.)
• Stora Enso (Finland)
• DS Smith Plc. (U.K.)
• Smurfit Kappa (Republic of Ireland)
• Sonoco Products Company (U.S.)
• Georgia-Pacific LLC (U.S.)
• others
Recent Industry Updates
November 23, 2018: Petaling Jaya City Council (MBPJ), an integrated recycling center is initiating its next step towards dealing with waste in Malaysia. Named the PJ Eco Recycling Plaza, the center is considered to be the first of its kind started by a local council. They are focusing on recycling polystyrene into plastic pallets and turning discards such as coconut husks and durian into bio-charcoal at the city council’s integrated recycling center in Sungai Way.
Drivers and Constraints Impacting the Market
With boom in the e-Commerce retail industry, the global electronic goods packaging market is considered to flourish. The rising competition in the electronics industry due to product differentiation and product offerings has created the demand for proper packaging of electronic goods. Shipment of electronic goods across long distances is also augmenting the need for effective packaging solutions. Moreover, the need to protect the products is influencing the market growth across the globe. The increasing production of several electronic devices is contributing to the growth of the market.
In addition, falling costs of packaging, concurrent rise in the demand for electronics packaging, and increasing global supply chains which results in long distance traveling are likely to influence market growth in the coming years. With the adoption of smart devices and increase in online shopping, the global market for electronic goods packaging is estimated to flourish.
On the flip side, concern associated with environmental damage caused due to plastic waste and inflammable nature of packaging material are some major concerns likely to hinder the market growth during the assessment period.
Global Electronic Goods Packaging Market: Segmental Analysis
The global electronic goods packaging market has been segmented on the basis of material, product size, technology, and region.
By mode of material, the global electronic goods packaging market has been segmented into foamed plastic, corrugated boxes, bubble packaging, paperboard, and others. Among these, the corrugated boxes account for the majority share in the market owing to the increasing preference for corrugated box packaging as they are light in weight, reusable, durable, and recyclable in nature.
By mode of product size, the global electronic goods packaging market has been segmented into small and large appliances.
By mode of technology, the global electronic goods packaging market has been segmented into track and trace packaging, and authentication packaging.
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Regional Insights
Geographically, the electronic goods packaging market spans across regions, Europe, North America, Asia Pacific, and Rest-of-the-World.
Among all the regions, the Asia Pacific region is considered to dominate the global market and is likely to maintain its dominance. The growth is attributed to the growth of developing countries such as China and India. Moreover, the purchasing power among the people in this region is highly contributing to the market growth. Also, increasing consumption of electronics owing to the adoption of devices in the developing regions is further influencing the growth of the market. North America is led by the U.S. and is estimated to hold the second position due to their more extensive economy.
Scope of Report
The report for Electronic goods packaging market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Intended Audience:
• Distributer & Supplier companies
• End Users
• consultants and Investment bankers
• Government as well as Independent Regulatory Authorities
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
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