Market Size of Consumer Electronics Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Electronic Packaging Market Analysis
The consumer electronic packaging market is expected to reach a CAGR of 9.5% over the forecast period (2021 - 2026). Packaging of an electronic system must consider protection from mechanical damage, cooling, radio frequency noise emission, and electrostatic discharge. Manufacturers of consumer electronics packaging products are focusing more on protective packaging products such as air bubble wraps, air pillows, and other inflatable packaging products that can protect consumer electronics products. In the coming period, these packaging solutions can cater to the trends in all the electronic segments.
- Prompting a strong demand in the anti-counterfeit in electronics packaging drives the market. Packaging includes overt and covert technologies like barcodes, holograms, sealing tapes, and radio frequency identification devices to preserve the integrity of products. The radical emergence of e-commerce in emerging economies has been a boon for the global anti-counterfeit electronics packaging market, as the vendors have to impart a robust tracking technology such as RFID in order to deliver products to designated destinations.
- According to Corporation Service Company (CSC), the counterfeit consumer electronics industry is set to exceed USD 3 trillion (U.S.) by 2020. With fraudsters using the obscurity afforded to them by the online world, it costs genuine brands lost revenue and also reputation.
- Further, eco-friendly packaging is becoming an emerging trend in the packaging of electronic products. There has been a significant push by the government authorities and regulators for moving towards green packaging. The brands and the customers are both becoming conscious of eco-friendly packaging and protecting the environment from unwanted non-biodegradable packaging waste.
- For instance, Zune moves to a new packaging format from the earlier clamshell packaging. The new packaging is more efficient, eco-friendly, and convenient to open. A plastic tray made from 80% recyclable paper pulp-bagasse and has a soft velvety texture.
- However, the regulations pertaining to the use of plastic challenges the market growth in packaging solutions provided by plastic materials. Also, PVC plastics are used in lightweight consumer electronics, but in higher temperatures, the quality of plastic channels decreases and is effectively broken, which leads to a disadvantage.
