Global electronic goods packaging market is driven by increasing penetration of online shopping, and growing trade activities of electronic goods across the globe. Increasing adoption of smartphones, and rapid growth of IoT (Internet of Things) are fuelling growth of the target market over the forecast period. Increasing demand for electronic goods, minimized cost of packaging, and growing global supply chain network are some major factors propelling growth of the global electronic goods packaging market. However, environmental concerns regarding rising plastic waste, and inflammable nature of packaging materials can hamper growth of the global electronic goods packaging market to a certain extent.
Global electronic goods packaging market has been segmented on the basis of material, product size, technology, and region. On the basis of material, the market is segmented into corrugated boxes, foamed plastic, paperboard, and bubble packaging. Corrugated boxes segment is expected to grow significantly, owing to increasing demand from e-commerce industry for shipping electronic products safely.
On the basis of product size, the market is segmented into small appliances, and large appliances. Large appliances segment is expected to register considerable growth, owing to increasing purchase for household appliances from online channels. On the basis of technology, the market is segmented into authentication packaging, and track & trace packaging. Track & trace packaging segment is expected to grow significantly, owing to advancements in logistics services, such as live tracking shipments through mobile applications.
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The market in Asia-Pacific is expected to be grow substantially, owing to increasing disposable income of individuals, rising urbanization, increasing inclination towards online shopping portals. In addition, stable economic growth, and growing industrialization in countries such as India and China are further expected to boost growth of the target market in the region. This is followed by the market in North America, owing to increasing demand for electronic products such as routers, network servers, and sensors that are used in IoT networks. In addition, increasing penetration of smartphones, and smart devices such as e-readers, tablets, and laptops are expected to fuel growth of the target market over the forecast period.
Some prominent market players are DS Smith Plc, International Paper Co., Mondi Group, Sealed Air Corp., Smurfit Kappa Group plc, Dunapack Packaging Mosburger GmbH, Georgia-Pacific LLC, Graham Packaging Company Inc., Pregis Holding II Corp., and Sonoco Products Co.