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Consumer Electronics Packaging Market Trends

Report ID: GMI7836
Published Date: Jan 2024
Report Format: PDF

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Consumer Electronics Packaging Market Trends

Environmental concerns are triggering change towards sustainable materials and compact, minimalist designs in consumer electronics packaging industry. Demand for attractive yet secure packaging has been driven by growth of online retail, where customization and smart packaging integration are also increasingly popular among sophisticated customers. Some major trends in the market include collaboration across the supply chain for streamlined, eco-conscious solutions and innovations like QR codes for enhanced engagement and information dissemination that are redefining the market landscape.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for consumer electronics packaging was USD 26.2 billion in 2023 and is anticipated to grow at over 18.4% CAGR from 2024 to 2032 due to the increasing trend of eco-friendly material demands and minimalist designs.

The paper & paperboard material type segment held 30% of the consumer electronics packaging market share in 2023 owing to the rising consumer tastes for environmentally friendly alternatives.

U.S. market for consumer electronics packaging reached USD 8.5 billion in revenue in 2023, driven by the presence of well-established industries and a strong focus on innovation and technology.

Some of the leading consumer electronics packaging industry players are International Paper Company, DS Smith Plc, Smurfit Kappa Group, Mondi Group, Sonoco Products Company, and Sealed Air Corporation.