Market Scenario:

Electronic Goods Packaging are fill materials used to protect, prevent damage, identify, identification and prevent tampering of electronics goods. The global electronic goods packaging market is anticipated to grow at a CAGR of around 5 % during the forecast period of 2022 to 2030.

Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/3118

Market Dynamics:

Growing logistics and international trade in electronic goods expected to drive a substantial demand

The explosive growth of business in electronics goods is the prime driver of the market. For example, the total electronics exports of U.S. increased to USD 267.6 in 2015 representing a USD 6.4 billion increase from its value in 2014, while general imports rose to USD 438.2 billion in 2015. The concurrent increase in demand for electronics packaging, falling cost of packaging and growing global supply chains resulting in long traveling distances and times, is expected to drive the market.

Increasing warranty agreements and fragile customer loyalty owing to social media is expected to charge the market

Growing warranty agreements and customer awareness due to increase in social media are another drivers of the market. Increasing cost of non-compliance owing to rising cost of litigation arising from customer claims is other drivers of the market.

Product differentiation strategies owing to packaging and improvement in company image and brand loyalty coupled with growing value of intangible goods are psychographic drivers of the market. Cutthroat competition is resulting in customer switching due to loss of faith due to damaged goods.

Increasing e-commerce and investment is the most influential driver of the market

The increase in online shopping and adoption of smart devices has resulted in the growth of electronics goods packaging market. Increased investment in packaging technology such as counterfeit packaging and development of packaging functions as a specialized entity is the technological drivers of the market.

Leading Players:

The major vendors of global electronic goods packaging market are DS Smith Plc. (U.K.), Sealed Air Corporation (U.S.), Graham Packaging (U.S.), Smurfit Kappa (Republic of Ireland), International Paper Company (U.S.), Sonoco Products Company (U.S.), Mondi plc. (Austria), Dunapack Packaging (Austria), Georgia-Pacific LLC (U.S.), Pregis LLC (U.S.), Stora Enso (Finland) and others.

Segmentation

To generate a bird’s view of the global packaging foams market, the report is segmented by material, product size, technology, and region.

Based on the material segment, the market has been segmented by corrugated boxes, foamed plastic, paperboard, bubble packaging, others

Based on the product size segment, the market is segmented by small appliances, large appliances

Based on the technology segment, the market is segmented by authentication packaging, track and trace packaging

Based on regions, the market is segmented by North America, Europe, Asia Pacific, Middle East and Africa.

Regional Analysis:

Asia-Pacific region accounts for the most significant market, owing to growing economy, industrialization, and large population. China and India dominate the Asia Pacific region due to increase in the electronics industry and development of China as a large industrial base. The growing availability of stock material owing to the development of oil and gas industry has lowered the cost of production of packaging. The increasing consumption of electronics due to the adoption of devices especially in the developing regions is contributing positively to the growth of the market.

North America led by the U.S. holds the second largest market followed by Europe. Germany, France, and the U.K. are the leading European markets owing to their more extensive economy. The Middle East and Africa region are expected to be led by Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.

Restraints

Concerns over the environmental damage caused by plastic waste and the inflammable nature of most packaging material are the most significant constraints of the market. The enactment of volatile organic compounds regulations has compounded the market. Thus, the non-inflammable packaging is the most significant unmet need of the market.

Access Report @ https://www.marketresearchfuture.com/reports/electronic-goods-packaging-market-3118

Browse Related Reports:

• Bottled Water Packaging Market, By Material, By Product, By Application and Region – Forecast To 2028
• Bubble Wrap Packaging Market: Information by Product, Application and Region – Forecast to 2027
• Bulk Packaging Market for Cosmetic Industry: Information by Material, by Product and by Region – Forecast till 2027
• Canned Food Packaging Market, By Material, Type of Food Product – Forecast To 2027
• Caps and Closures Market Research Report: Information by Material Type, By Type, By End-Use Industry, and Region – Forecast till 2027
• Cargo Handling Equipment Market Research Report: by Type, by Mode of Propulsion, by Application, and Region– Forecast till 2026
• Cargo Transportation Market Research Report: by Type, by Shipment Category, by Application, and Region– Forecast till 2030
• Child Resistance Packaging Market Information by Type, By End-Us and By Region – Forecast to 2027
• Cold Storage Market Research Report: By Type, By Temperature Type, By Application, And Region– Forecast Till 2028
• Composite Packaging Market Research Report— By Material, by End-user and by Region — Global Forecast Till 2027

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US) 

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com