Consumer Electronics Packaging Global Market Report 2024

Consumer electronics packaging serves as a protective covering for products to ensure safe and secure shipping. Given the delicate and easily damaged nature of electronic components, packaging plays a crucial role in safeguarding against mechanical damage, electrostatic charge, natural disasters, and mishandling.

The main types of consumer electronics packaging products include corrugated boxes, paperboard boxes, thermoformed trays, bags and pouches, blister packs and clamshells, as well as protective packaging, among others. Corrugated boxes, made up of multiple layers of material, are commonly used for packaging various goods, including electronics. Typically, these boxes consist of three layers stuck together to form a single sheet, providing enhanced strength and protection. Various technologies are employed in consumer electronics packaging, including active packaging, intelligent packaging, modified atmospheric packaging, anti-microbial packaging, aseptic packaging, and others. Additionally, different material types such as plastic, paper, paperboard, and others are utilized in the packaging of mobile phones, computers, TVs, DTH and set-top boxes, music systems, printers, scanners, photocopy machines, game consoles and toys, camcorders and cameras, and other consumer electronics devices.

The consumer electronics packaging market research report is one of a series of new reports that provides consumer electronics packaging market statistics, including consumer electronics packaging industry global market size, regional shares, competitors with consumer electronics packaging market share, detailed consumer electronics packaging market segments, market trends, and opportunities, and any further data you may need to thrive in the consumer electronics packaging industry. This consumer electronics packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The consumer electronics packaging market size has grown rapidly in recent years. It will grow from $23.01 billion in 2023 to $26.04 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth observed in the historical period can be attributed to various factors, including the growth of the consumer electronics market, the increased emphasis on protection and durability requirements for electronic products, a heightened focus on branding and aesthetics in packaging, increased regulatory compliance, the expansion of e-commerce and online retail, and the growth of global supply chains.

The consumer electronics packaging market size is expected to see rapid growth in the next few years. It will grow to $42.37 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%. The anticipated growth in the forecast period can be attributed to various factors, including the increasing demand for sustainable and eco-friendly packaging, the adoption of compact and space-saving designs, packaging developments for emerging technologies, a growing need for customized and personalized packaging solutions, and the rising emphasis on electronics recycling and circular economy practices. Major trends expected during this period encompass innovations in e-commerce packaging, the integration of IoT (Internet of Things) in smart packaging, inventive packaging solutions for wearable electronics and AR/VR devices, the introduction of user-friendly packaging designs, and ongoing technological innovations within the consumer electronics packaging industry. These trends collectively suggest a dynamic and evolving landscape, reflecting a focus on sustainability, technological advancement, and enhanced user experiences.

The escalating demand for paper and paperboard in packaging is a significant driver for the growth of the consumer electronics packaging market. The eco-friendly and biodegradable nature of paper and paperboard makes them preferred choices in packaging, contributing to reduced shipping costs for used electronics. According to a January 2021 survey conducted by Two Sides North America, a US-based non-profit organization, approximately 50% of global consumers believe that paper-based packaging is environmentally superior, with 52% expressing a preference for online orders to be delivered in paper-based packaging. This consumer preference is a key factor propelling the growth of the consumer electronics packaging market.

Anticipated growth in the electronics industry is set to fuel expansion in the consumer electronics packaging market. As an indispensable component of modern society, the electronics industry, responsible for manufacturing electronic devices, relies heavily on consumer electronics packaging for functions such as protection, branding, marketing, and ensuring a positive user experience. In August 2023, reports from ZipDo indicate that the retail revenue of the US consumer electronics sector reached $487 billion in 2021, with a forecasted 53.8% increase in e-commerce revenue for US consumer electronics by 2025. This surge in the electronics industry is a driving force for the consumer electronics packaging market's growth.

A notable trend gaining traction in the consumer electronics packaging market is product innovation. Major companies in the sector are actively employing new and inventive products to enhance overall productivity and efficiency. In June 2021, Sandvik Coromant, a manufacturer of manufacturing tools and packaging services, introduced a smart packaging solution leveraging artificial intelligence (AI) to optimize operational efficiency. This innovative solution determines the minimal packaging required for products, resulting in cost and CO2 emission reductions. Whether packing small tools, electrical equipment, or larger items like bicycles, the application ensures that each item is placed in the smallest box it can fit into, irrespective of size or geometric shape. This focus on product innovation is a prominent driver shaping the consumer electronics packaging market.

Leading companies in the electronics packaging market are strategically concentrating on product innovations, particularly in the realm of compostable packaging materials, to address the surging demand in electronic packaging. This innovative approach aims to provide sustainable packaging solutions for the safe transportation of delicate and heat-sensitive products. For example, in February 2023, CruzFoam, a US-based packaging company, unveiled its newly patented compostable foam product line. This range includes CruzWrap, a foam product with paper lining for item wrapping, CruzPack, a foam mailer, CruzCool, a cold-chain container with foam walls, and CruzCush, a high-performance solution designed for shipping electronics, appliances, automotive and aerospace products, as well as fragile items.

In a strategic move in February 2022, Menasha Packaging Company LLC, a US-based provider of packaging and merchandising solutions, successfully acquired Color-Box, a business unit of Georgia-Pacific LLC, for an undisclosed amount. This acquisition is poised to expand Menasha's geographical footprint and offer clients enhanced graphic, design, and structural packaging alternatives. Georgia-Pacific LLC, a US-based firm specializing in packaging for consumer goods, consumer electronics, and medicines, strengthens Menasha's position in the competitive packaging market.

Major companies operating in the consumer electronics packaging market include DS Smith PLC, Mondi PLC, International Paper Company, Sonoco Products Company, Shenzhen Hoichow Packing Manufacturing Ltd., Dordan Manufacturing Company, Hangzhou Xunda Packaging Co. Ltd., Dunapack Packaging Group, Universal Protective Packaging Inc., Parksons Packaging Ltd., Neenah Inc., Plastic Ingenuity, JJX Packaging Group, UFP Technologies Inc., JohnsByrne Company, Smurfit Kappa Group PLC, Billerud AB, Stora Enso Oyj, WestRock Company, Pregis Corporation LLC., AMETEK Inc., E. I. du Pont de Nemours and Company, Tekni-Plex Inc., Huhtamaki Oyj, Graphic Packaging International LLC, Guangzhou Huaisheng Packaging Co. Ltd., Amcor Limited, Reynolds Group Holdings Limited, Sealed Air Corporation, Silgan Holdings Inc., Crown Holdings Inc.

Asia-Pacific was the largest region in the consumer electronic packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the consumer electronic packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the consumer electronic packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The consumer electronic packaging market consists of revenues earned by entities by providing consumer electronic packaging services such as designing, manufacturing, and logistics of electronic packaging. The market value includes the value of related goods sold by the service provider or included within the service offering. The consumer electronic packaging market also includes sales of metallic materials, ceramics and semiconductors, electronic glasses, polymers, multi-material laminates, printed circuit board (PCB) materials, thermal interconnection materials, low thermal conductivity materials, and advanced thermally conductive materials. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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