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Mobile Phone Accessories Packaging Market Report Overview
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The global mobile phone accessories packaging market size was 101020 million in 2022 and market is projected to touch USD 208561 million by 2032, at CAGR of 7.5% during the forecast period.
The COVID-19 pandemic has been unprecedented and staggering, with the mobile phone accessories packaging market experiencing higher/lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
Mobile phone accessories are the type of supplemental items that provide a smartphone or I phone more functionality. These accessories are sold in a variety of product forms on the market, including chargers, headphones, batteries, popsockets, screen protectors, cases, power banks, cables, mounts and stands, memory cards, speakers, and many others that draw customers by making it simpler and more convenient to use their cell phones.
Consumer electronics packaging plays a significant role in the electronics supply chain since it has both functional and aesthetic benefits. One of the main functions of consumer electronics packaging is to protect the product during storage and transportation. Given the delicate nature of electrical devices, it is essential to ensure that they are packaged carefully to prevent damage during shipping. The materials used for bundling are carefully chosen to protect the product from natural hazards including temperature variations, mugginess, and mechanical trauma. Packaging made from unique materials, such as cardboard, foam, and plastic, can withstand the stresses of handling, storage, and transportation.
COVID-19 Impact: COVID-19 pandemic has influenced the market growth Globally
Government restrictions put in place in the wake of the COVID-19 pandemic have prompted producers of electronic packages to suspend production, disrupting the larger semiconductor manufacturing and supply chain. The COVID-19 pandemic has decreased consumer interest in semiconductor-based goods. The lockdown situation has stopped production of gadgets. The whole supply chain for the global market for electronic packaging has been impacted as a result. On the other side, as businesses start working from home and consumers consume more information on digital platforms, the electronic packaging industry sees a chance in the current crisis. This is because there is a growing demand for storage and memory solutions for data centers, laptops, and other devices. The adoption of medical devices with integrated electronic packaging for bio-imaging and clinical diagnostics is now driving the industry. The design and distribution of consumer electronics packaging was significantly impacted by the COVID-19 pandemic, as well as the consumer electronics sector.
Latest Trends
"Growing usage of mobile phone packaging by cell phone manufacturers leading market expansion "
The packaging requirements for mobile handsets, chargers, USB cables, headphones, manuals, and other free accessories that are offered at the time of purchasing mobile phones are the main growth driver of the global market for mobile phones packaging.
The growing usage of mobile phone packaging by cell phone manufacturers to promote branding goals is another important element influencing the market. Packaging businesses are required to provide packaging solutions that make their clients' mobile brands stand out on retail shelves in order to overprotect this.
Mobile Phone Accessories Packaging Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into Folding cartons, Clear view boxes, Pouches & bags, Clamshells, Blister packs, Trays. Folding cartons is anticipated to be the leading segment.
- By Application Analysis
Based on application, the market can be divided into Headsets, Chargers, Protective covers, Screen protectors, Power banks, Batteries, Portable speakers, Memory cards, Others. Headsets will be the dominating segment.
Driving Factors
"Market is expected to develop as digitization continues to advance"
As a result of growing digitalization and the global Internet of Things (IoT) industry, there is an increased demand for effective all-weather packaging for consumer electronics products worldwide. Demand is increased by the use of delicate electronic components in IoT networks, such as network servers, routers, and sensors. These things require reliable all-weather protection.
The growing use of mobile phones and smart computing devices including e-readers, smartphones, tablets, and laptops in various developing and underdeveloped nations is supporting the need for consumer electronics packaging on the global market.
"Market growth is anticipated as protective packaging for electronic items receives more attention"
Manufacturers of consumer electronics packaging products should give priority to protective packaging products like air bubble wraps, air pillows, and other inflatable packaging products that can shield consumer electronics products from electrostatic discharge, water, harsh weather conditions, corrosion, and dust.
The growth of creative packaging products is being fueled by shifting consumer purchasing trends, such buying consumer electronics in supermarkets. This change in consumer purchasing patterns has reduced operational expenses for consumers, which is increasing demand for consumer electronics packaging. The demand for consumer electronics packaging that is made of a single material, is eco-friendly, and is straightforward to use is another factor that is expected to drive market growth.
Restraining Factors
"Regulations for the usage of plastic are expected to limit the market for consumer electronics packaging"
The market expansion of packaging solutions based on plastic is threatened by regulations governing the usage of plastic. PVC polymers are used in lightweight consumer devices as well, however at higher temperatures, the plastic channels' quality degrades and, in certain cases, breaks down, creating an issue.
Mobile Phone Accessories Packaging Market Regional Insights
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"Asia Pacific is anticipated to have the greatest market share throughout the forecasted period"
Geographically, Asia Pacific is anticipated to lead the world market for mobile phone packaging. It is anticipated that the growing use of cell phones in China and India will increase interest in and demand for mobile phone packaging. There is an amazing demand for and popularity of smartphones and mobile phones due to the ever-growing populations in China and India. In the upcoming years, it is projected that the emergence of local cell phone production in these nations will favourably impact the market for mobile phone packaging. Due to the growing number of tech-savvy people, other regions including North America and Europe anticipate seeing positive market growth in the upcoming years.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Smurfit Kappa (Ireland)
- Sonoco (U.S.)
- Dordan (U.S.)
- Hip Lik (India)
- Panic (U.S.)
- Display (South Korea)
- Mister Blister (U.K.)
- Dongguan Zhongyin (China)
- Jiajiexing (U.K.)
- Universal Protective Packaging (U.S.)
- All About Packaging (U.S.)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 101020 Million in 2022 |
Market Size Value By |
US$ 208561 Million by 2032 |
Growth Rate |
CAGR of 7.5% from 2022 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
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By Application
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Frequently Asked Questions
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What value is the Mobile Phone Accessories Packaging market expected to touch by 2032?
Based on our research the Mobile Phone Accessories Packaging market is expected to reach USD 208561 million by 2032.
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What CAGR is the Mobile Phone Accessories Packaging market expected to exhibit by 2032?
The Mobile Phone Accessories Packaging market is expected to exhibit a CAGR of 7.5% by 2032.
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Which are the driving factors of the Mobile Phone Accessories Packaging market?
The growth of creative packaging products is being fueled by shifting consumer purchasing trends, such buying consumer electronics in supermarkets.
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Which are the top companies operating in the Mobile Phone Accessories Packaging market?
The top key players in the Mobile Phone Accessories Packaging market are Smurfit Kappa, Sonoco, Dordan, Hip Lik, Panic, Display, Mister Blister, Dongguan Zhongyin, Jiajiexing, Universal Protective Packaging, All About Packaging.