Corrugated Electronics Packaging Market: Overview
Packaging of an electronic device must include features of protection such as electrostatic discharge, cooling, mechanical damage, cooling and radio frequency noise emission. Manufacturers of electronic products are now more focusing on protective packagings like including air bubble wraps, air pillows and many other inflatable packaging products that can protect electronics.
To curb the menace of counterfeiting of electronic products, nowadays corrugated packaging includes covert technologies like barcodes, holograms, sealing taps to preserve the integrity of the product. The onset of e-commerce in developing nations has been a rising star for anti-counterfeit electronics, as distributors are using technologies such as RFID to deliver products at destinations.
Eco-friendly packaging is becoming more and more important these days. There is a significant push by regulatory bodies and government towards the adoption of cleaner & greener methods of packaging. Consumers and brands are both becoming conscious of protecting the environment by using bio-degradable packaging solutions from non-biodegradable packaging waste. These reasons will be responsible for raising the demand for the corrugated electronics packaging market.
Corrugated Electronics Packaging Market: Drivers
The increase in concern over product and consumer safety is one of the major reason for the rise in demand for the corrugated electronics packaging market. As we know, Zune shifted towards the corrugated packaging method replacing the old clamshell packaging because of qualities such as efficiency, eco-friendly and convenience to open.
But we have seen a large number of counterfeit products which are hampering the revenue and reputation of manufacturers and also causing loss to the given market. In addition to this, ease in regulations about plastics also challenges the market growth in the corrugated packaging market. PVC plastics and various order forms are lightweight and efficient for low temperature but have a disadvantage on higher temperatures. This will impact the demand for the corrugated electronics packaging market.
The growing demand for product safety is nowadays a necessity by both consumer and manufacturer, as a result of this manufacturers will see a boost in the corrugated electronics packaging market. Apart from all this, a subsequent rise in e-commerce shopping trend for electronics will indirectly affect the market, because an opportunity arose in developing countries as they possess a large amount of disposable income which increases the sales of electronics and other industries due to changing lifestyles.
Corrugated Electronics Packaging Market: Segmentation
The corrugated electronics packaging market is segmented into product type, technology type and end-user.
By product type, the corrugated electronics packaging market is segmented into;
- Folding Cartons
- Corrugated Boxes
- Carton Clamshells
- Corrugated Trays
By technology type, the corrugated electronics packaging market is segmented into;
- Electronic Article Surveillance(EAS)
- Radio Frequency Identification
By end-user, the corrugated electronics packaging market is segmented into;
- Consumer Electronics
Corrugated Electronics Packaging Market: Regional Outlook
With the increase of per capita income in developing countries across Latin America and Asia-Pacific, a rise in the purchase of electronics good such as laptops, mobiles, tablets, kitchen appliances and many more will be seen across countries such as Brazil, India, Malaysia indirectly boosting the demand for the corrugated electronics packaging market.
Europe and North America will remain the leader in the majority stakeholder of the corrugated electronic packaging market as manufacturers prefer corrugated packaging for delivery of products and even e-commerce websites prefer corrugated electronics packaging for safe delivery of products.
The Middle East and Africa are currently on the baby steps towards using packagings such as corrugated for electronic devices and appliances, but in due years a high surge of demand will be seen in this region due to a large capital flow through the area.
Corrugated Electronics Packaging Market: Key Players
Key players in the corrugated electronics packaging market are;
- Sonoco Products Company
- DS Smith PLC
- Smurfit Kappa Group PLC
- Pregis Corporation
- Sealed Air Corporation
- Hangzhou Schindler Packaging Company Ltd.
- WestRock Company
- Universal Protective Packaging Inc
- Parksons Packaging Ltd.
- Dordan Manufacturing Company.
- UFP Technologies Inc.
- Stora Enso Oyj
The report corrugated electronics packaging market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on corrugated electronics packaging market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- Middle East & Africa (MEA)
- South Asia
- East Asia
- A detailed overview of the parent market
- Changing corrugated electronics packaging market dynamics in the industry
- In-depth corrugated electronics packaging market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in the corrugated electronics packaging market
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for players to sustain and enhance their market footprint
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.