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Consumer Electronics Packaging Market to Reach $49.1 Billion, Globally, by 2032 at 8.4% CAGR: Allied Market ResearchThe global consumer electronics packaging market is driven by factors such as rise in use of cutting-edge electronics in smart houses and the increase in funding for the creation of recyclable packaging materials and advanced packaging technologies. PORTLAND, Ore., May 9, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Consumer Electronics Packaging Market by Type (Corrugated Boxes, Paperboard Boxes, Thermoformed Trays, Blister Packs and Clampshells, Others), by Material Type (Plastic, Paper and Paperboard, Others), by Application (Mobile Phones, Computers, TVs, DTH and Set-Top Boxes, Music Systems, Printers, Scanners and Photocopy Machines, Camcorders and Cameras, Game Consoles and toys, Electronic Wearables, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global consumer electronics packaging industry generated $22.1 billion in 2022, and is anticipated to generate $49.1 billion by 2032, witnessing a CAGR of 8.4% from 2023 to 2032.  Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/33804 Prime determinants of growth The global consumer electronics packaging market is driven by factors such as rise in use of cutting-edge electronics in smart houses and the increase in funding for the creation of recyclable packaging materials and advanced packaging technologies. However, strict guidelines for recycling and packaging garbage restricts the market growth. Moreover, increase in demand for retail-ready and rigid packaging presents new opportunities in the coming years. Report coverage & details:
Covid-19 Scenario
The paperboard boxes segment to maintain its leadership status throughout the forecast period Based on type, the paperboard boxes segment held the highest market share in 2022, accounting for nearly two-fifths of the global consumer electronics packaging market revenue, and is estimated to maintain its leadership status throughout the forecast period, as paperboard boxes can be planned with elements, for example, detach segments that can be utilized as marks or guidelines or can be reused for different purposes after the item has been eliminated. The thermoformed trays segment is projected to manifest the highest CAGR of 10.9% from 2023 to 2032, as thermoformed trays being exclusively formed to fit the elements of the item, giving an elevated degree of security during postage. The paper and paperboard frequency segment to maintain its leadership status throughout the forecast period Based on material type, the paper and paperboard segment held the highest market share in 2022, accounting for around two-fifths of the global consumer electronics packaging market and is estimated to maintain its leadership status throughout the forecast period. To give the product even more protection during shipping, the paper or paperboard packaging may be combined with other materials such as foam inserts or corrugated cardboard. However, the plastic segment is projected to manifest the highest CAGR of 11.2% from 2023 to 2032, as plastic has been a common material used in consumer electronics packaging due to its durability, versatility, and low cost. The mobile phones segment to maintain its lead position during the forecast period Based on application, the mobile phones segment holds the largest share in 2022, contributing to more than one-fourth of the global consumer electronics packaging market revenue, and is projected to maintain its lead position during the forecast period. Consumers use mobile phones for everything from communication to entertainment and productivity to productivity. As a result, mobile phones have become an essential part of modern life which eventually boost the mobile phones segment globally. However, the electronic wearables segment is expected to portray the largest CAGR of 12.4% from 2023 to 2032. Consumers are looking for devices that can monitor their health and fitness, track their activity, and provide convenient access to information and communication. As a result, wearable technology like fitness trackers and smartwatches have become increasingly popular in recent years which eventually boost the market growth. Buy This Report (393 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3nEiT0u North America to maintain its dominance by 2032 Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global consumer electronics packaging market revenue and is likely to dominate the market during the forecast period. In North America, the packaging industry is very important for keeping electronic goods safe during transportation and storage which have significantly promoted the growth of the consumer electronics packaging market in North America. However, the Asia-Pacific region is expected to witness the fastest CAGR of 10.6% from 2023 to 2032. Electronic devices like smartphones, laptops, and gaming consoles are in high demand as more people in these nations enter the middle class and can afford them. The rapid expansion of e-commerce in the region is also expected to drive the growth of the Consumer Electronics Packaging market. Leading Market Players: -
The report provides a detailed analysis of these key players in the global consumer electronics packaging market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. Key Benefits for Stakeholders
Consumer Electronics Packaging Market Key Segments: Type
Material Type
Application
By Region
Want to Access the Statistical Data and Graphs, Key Players' Strategies: https://www.alliedmarketresearch.com/consumer-electronics-packaging-market/purchase-options Trending Reports in Semiconductor and Electronics Industry (Book Now with 10% Discount + COVID-19 Scenario): Consumer IoT Market size is projected to reach $292.83 billion by 2030, registering a CAGR of 13.9% from 2021 to 2030. Consumer Product Safety Testing Market size is projected to reach $60.50 billion by 2031, growing at a CAGR of 6.32% from 2022 to 2031. Embedded Die Packaging Technology Market size is projected to reach $370.7 million by 2031, growing at a CAGR of 18.3% from 2022 to 2031. Advanced Packaging Market size is projected to reach $64.19 billion by 2027, growing at a CAGR of 10.2% from 2020 to 2027. Electronic Packaging Market: Global Opportunity Analysis and Industry Forecast, 2023-2032. About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa Logo: https://mma.prnewswire.com/media/636519/3950895/Allied_Market_Research_Logo.jpg
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