Report forecast the global electronic goods packaging market
to grow at a CAGR of 5.34% during the period 2017-2021.
Packaging for electronic products is used to protect fragile
electronic products so that they remain undamaged in the event of contamination
through external impact. Various raw materials such as corrugated, paper and
paperboard, plastic resins, and other packaging materials are used in the
production of packaging for electronic products. The packaging in the consumer electronic
goods industry covers a wide range of products used for communication,
entertainment, or business purposes. The packaging of these electronics
involves two sub-segments: small appliances (cell phones and accessories) and
large appliances (TVs and computers).
The report covers the present scenario and the growth
prospects of the global electronic goods packaging market for 2017-2021. To
calculate the market size, the report considers the revenue generated from the
retail sales of haircare products to individual consumers and salons.
The market is divided into the following segments based
on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in market is increase in
production capacity in the market. The increase in production capacity helps to
meet the demand in the market, thus maintaining a stage of equilibrium or
excess supply. The procurement managers in end-user industries can rest assured
as an excess supply will lead to stable prices of corrugated packaging
products. The production capacity of vendors can be measured in terms of
production in tons. The market will experience a rapid increase in production
capacity as vendors are adopting advanced methods of production. Many vendors
such as WestRock, Georgia-Pacific, and Pratt are increasing their production
capacity through the development of new production plants or the acquisition of
existing players. The increase in capacity will allow vendors to meet the
demand for packaging and also reach out to emerging markets.
Further, the report states that one challenge in market is
rise in cost of raw materials. Volatility in the prices of raw materials and
growing demand-supply disparity among suppliers and manufacturers are expected
to hinder the market in the long term. The increase in the cost of raw
materials such as kraft paper is a major challenge for the market. Kraft paper
accounts for 75% of the total input cost in the manufacture of corrugated
boxes; moreover, paper mills have increased the price of kraft paper by 15%
since 2014, thereby increasing the cost of production. The market has also
witnessed negative returns and vendors were unable to shift the rising cost to
consumers. Hence, an increase in the cost of raw materials has led to reduced
profit margins for vendors. In addition, the manufacturing of corrugated boxes
requires capital-intensive machinery, which adds to the manufacturing costs. In
response to the volatility in the prices of raw materials, several vendors in
the market have increased the price of corrugated boxes.
Global Electronic Goods Packaging Market 2017-2021,
has been prepared based on an in-depth market analysis with inputs from
industry experts. The report covers the market landscape and its growth
prospects over the coming years. The report also includes a discussion of the
key vendors operating in this market.
key players in the global electronic goods packaging market:
DS Smith, International Paper, Mondi, Sealed Air, and Smurfit Kappa.
Other Prominent Vendors in the market are: Dunapack
Packaging, Georgia Pacific, Graham Packaging, Pregis, Sonoco, Stora Enso,
Unisource Worldwide, Universal Protective Packaging, and WestRock.
Market driver
- Increase in production capacity in the market.
- For a full, detailed list, view our report
Market challenge
- Pricing pressures for small companies.
- For a full, detailed list, view our report
Market trend
- Growing preference for sustainable packaging solutions.
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 70 pages and 38 Exhibits “Global
Electronic Goods Packaging Market 2017 - 2021” report covers Executive
summary, Scope of the report, Market research methodology, Introduction, Market
landscape, Market segmentation by type of materials, Geographical segmentation,
Decision framework, Drivers and challenges, Market trends, Vendor landscape,
Appendix.
For
more information Visit at: http://mrr.cm/UT2
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