As per the latest market research study by Technavio, the global electronic goods packaging market is expected to grow at a CAGR of over 5% during the calculated period 2017 to 2021.
This market study by Technavio delivers an in-depth analysis of the global electronic goods packaging market regarding revenue and developing market trends. The report also includes a detailed study and forecasts for various industry sections and all geographical regions.
Technavio research analysts classify the market based on the material
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The top three revenue contributing material sectors are deliberated below:
Global electronic goods packaging market by corrugated boxes and cases: The extensive use of corrugated boxes packaging of non-durable goods will fuel the growth of this market segment. The increase in the number of trade activities across the globe will propel the demand for corrugated boxes and cases in the world market. The increasing popularity of these products are attributed to its product feature that includes lightweight, highly durable, and can be reused and recycled. The growth in the retail packaging sector will encourage players in this market segment to invest in the development of design innovation.
“The growing market trend towards paper packaging materials will drive the demand for corrugated boxes in the global market. The manufacturers are using new ways and technologies for paper pulp extraction, which is used as the raw material for corrugated boxes to boost sales. The flexible nature of these boxes adds the convenience of use to these products, which are available in various shapes and dimensions to meet the consumer requirements,” says Sharan Raj, a lead analyst at Technavio for research on packaging.
Global electronic goods packaging market by foamed plastic: The growing use of foamed plastic used for protective packaging of electronic goods will drive the growth in this market segment. These materials are perfectly suited for its superior cushioning capabilities and the ability to protect complex shapes even with varied product volumes. Foamed plastic packaging includes molded foam, foam-in-place, polyolefin rolled foam and loose fill, and other foam packaging products. The increasing production of molded polyethylene terephthalate (PET) materials for rigid packaging applications is driving the growth of the market.
Global electronic goods packaging market by paperboard protectors: The growing demand for consumer electronics cross-border regions will augment the growth of the paperboard protector segment. These materials are used in these trade activities as it requires edged protected packaging products to secure products from damage during shipping. The increasing focus on the sustainable and environmentally friendly packaging materials will boost the demand for paperboard packaging in the global market.
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The key vendors functioning in the global electronic goods packaging market are:
- DS Smith
- International Paper
- Mondi
- Sealed Air
- Smurfit Kappa
The other prominent sellers in the market comprise Dunapack Packaging, Georgia Pacific, Graham Packaging, Pregis, Sonoco, Stora Enso, Unisource Worldwide, Universal Protective Packaging, and WestRock.
A more detailed analysis is available in the Technavio report titled, ‘Global Electronic Goods Packaging Market 2017-2021’. Technavio also customizes reports by other regions and explicit segments upon request.
Other related reports:
- Global Plastic Packaging Sacks Market 2017-2021
- Global Anti-Counterfeit Packaging Market 2017-2021
- Global Transit Packaging Market 2016-2020
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