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Boom in the e-commerce retail industry are major factors that are expected to boost the growth of the global electronic goods packaging market at a CAGR of 18.10% during the forecast period of 2022 to 2030

Market Research Future (MRFR) has published a cooked research report on the “Global Electronic Goods Packaging Market” that contains the information from 2018 to 2027.


The electronic goods packaging market is expected to register a CAGR of 8.1% during the forecast period.


MRFR recognizes the following companies as the key players in the global electronic goods packaging market— DS Smith (London), Sonoco Products Company (US), Mondi PLC (US), Dunapack Packaging (Austria), Stora Enso (Finland), Pregis LLC (US), Graham Packaging Company (US), Sealed Air (US), Georgia-Pacific (US), WestRock (US), International Paper (US), Smurfit Kappa (Ireland), Veritiv Corporation (US), Universal Protective Packaging Inc. (US), Abriso Jiffy (Belgium), Novostrat Ltd (Ireland), Proxital SRL (Italy), EPOLI, and Goldfoam SP. ZO.O (Porto) among others.


Market Highlights


The global electronic goods packaging market is expected to register a CAGR of 8.1% during the forecast period and is expected to hit USD 54,104.3 millionby 2027.


Packaging has a significant impact on consumers' perceptions of the brand and their whole purchase experience. Packaging is increasingly viewed as a critical link between customers and companies in order to ensure that hygiene is maintained, safety is prioritized, and product or service quality is not compromised. In the e-commerce era, packaging already played an important part in the consumer purchasing experience. And now its influence has grown much stronger. This industry will continue to ride the e-commerce wave for a long time. An increase in demand for consumer electronics and a boom in the e-commerce retail industry is driving the market growth. However, keeping up with technological changes is hampering the market growth. Furthermore, technological advancement along with rising trends of digitization creates an opportunity for the electronic goods packaging market.


Segment Analysis


The global electronic goods packaging market is mainly segmented into material, product size, technology, and application. On the basis of material, the electronic goods packaging market has been sub-segmented into corrugated boxes, foamed plastic, paperboard, and bubble packaging. On the basis of product size, the electronic goods packaging market has been segmented into small appliances and large appliances. On the basis of technology, the electronic goods packaging market has been segmented into authentication packaging and track and trace packaging. On the basis of application, the electronic goods packaging market has been segmented into communication equipment, business electronic equipment, small home appliances, and large household appliances.


Regional Analysis


The global electronic goods packaging market has been segmented on the basis of region into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The North American market is further divided into the US, Canada, and Mexico. The European electronic goods packaging market has been segmented into Germany, France, the UK, Italy, Spain, and the rest of Europe. The electronic goods packaging market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Middle East & Africa electronic goods packaging market includes the UAE, Saudi Arabia, South Africa, and Rest of Middle East & Africa. The South America electronic goods packaging market includes Brazil, Argentina, and Rest of South America.


Europe holds the second position in the global market in terms of revenue. However, the market is expected to exhibit steady growth during the forecast period. This is because Europe has matured the consumer electronic industry, and it is supported by high technology connectivity environment. With the advancing technology, smart offices and smart homes are augmenting the demand for consumer electronics products such as smart TV, smart refrigerator, smart air conditioners, and more. The rising personal disposable income of the consumers and their shift in preferences towards smart homes and smart offices are thus primarily driving the growth of the industry.


Asia-Pacific dominates the market and is expected to exhibit the fastest growth during the projected period. The sales of consumer goods are growing exponentially in this region owing to increased disposable income coupled with the fastest-growing population. The affordability of middle-class families has increased exponentially, augmenting the demand for household electronic appliances. Moreover, business-to-business electronics goods such as computers, laptops, LCD screens, conference projectors, and other goods demand also support market growth.


Key Findings of the Study



  • The global electronic goods packaging market is expected to reach USD 54,104.3 million by 2027 at a CAGR of 8.1 % during the forecast period.

  • Asia-Pacific accounted for the largest market share of 42.12% in 2020, with a market value of USD 12,809.60 million.

  • Based on material, the bubble packaging segment is expected to register a CAGR of 9.6% during the forecast period.

  • On the basis of product size, the large appliances segment dominated the market with a share of 63.29% in 2020.

  • Based on technology, the track and trace packaging segment is anticipated to register a CAGR of 8.5% during the forecast period.

  • By application, the large household appliances segment accounted for the largest market share of 34.25% in 2020.

  • Some of the key players operating in the electronic goods packaging market are DS Smith (London), Sonoco Products Company (US), Mondi PLC (US), Dunapack Packaging (Austria), Stora Enso (Finland), Pregis LLC (US), Graham Packaging Company (US), Sealed Air (US), Georgia-Pacific (US), WestRock (US), International Paper (US), Smurfit Kappa (Ireland), Veritiv Corporation (US), Universal Protective Packaging Inc. (US), Abriso Jiffy (Belgium), Novostrat Ltd (Ireland), Proxital SRL (Italy), EPOLI, and Goldfoam SP. ZO.O (Porto) among others.


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Report details
Companies Covered 15
Pages 171
Certified Global Research Member
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