According to the global consumer electronics packaging market report by IMARC Group, finds that the global consumer electronics packaging market is expected to exhibit a CAGR of 11.37% during 2022-2027.
Consumer electronics packaging refers to enclosure structures that to protect and support consumer electronic devices. Some commonly available consumer electronics packaging are thermoformed trays, blister packs, paperboard boxes, corrugated boxes, pouches, cartons, bags, and clamshells. They are produced from various materials such as polystyrene, paper, polyethylene, polypropylene, polyvinyl chloride, and paperboard to safeguard electronic devices from harsh weather conditions, electrostatic discharge, mechanical damage, corrosion, cooling, radio frequency, noise emission, moisture, chemicals, and radiation. As a result, consumer electronics packaging is extensively used to protect smartphones, computers, tablets, television, digital media adapters, laptops, and electronic wearables.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Consumer Electronics Packaging Market Trends:
The market is primarily driven by the significant expansion in the consumer electronics industry across the globe. In addition, the rising adoption of work-from-home (WFH) practices due to the sudden outbreak of the coronavirus disease (Covid -19) pandemic has escalated the demand for electronic devices, which represents another major growth-inducing factor. Moreover, the surging need for secure packaging of electronic gadgets such as tablets, laptops, smartphones, and their accessories, including chargers, earphones, and universal serial bus (USB) cables, and the introduction of innovative packaging solutions in unique and vibrant designs with minimal aesthetics is providing a positive thrust to market growth.
Apart from this, with the rising environmental awareness, manufacturers are widely adopting eco-friendly packaging materials to reduce their carbon footprint. Furthermore, extensive research and development (R&D) activities and the implementation of various government initiatives to promote the adoption of green packaging solutions are propelling the market growth.
Global Consumer Electronics Packaging Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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The report has segmented the market on the basis of region, material, layer and application.
Breakup by Material:
Breakup by Layer:
Breakup by Application:
Breakup by Geography:
Key highlights of the report:
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