Mobile Phones Packaging Market
Mobile Phones Packaging Market (Packaging Type - Rigid Boxes, Folding Cartons, Flexible Films, Insert Trays, and Thermoformed Blisters; Material Type - Paperboard, Plastics (Polyethylene terephthalate, Polyvinyl chloride, and Polyethylene), and Molded Fiber; Application - Smart Phones, Feature Phones, and Refurbished Phones) - Global Industry Analysis and Forecast 2017 - 2027
Press Release :
Global Mobile Phones Packaging Market: Snapshot
In a highly fragmented global mobile phones packaging market, top twenty players hold a scanty approximately 20% share of the market. These companies are focusing hard on mergers and acquisitions and capacity expansion in order to maintain their foothold in the market. The market features dominance of small players, the majority of which are concentrated in Asia Pacific.
The primary growth driver of the global mobile phones packaging market is the packaging needs of mobile handsets, charger, USB cables, headphones, manual, and other complimentary accessories that are provided at the time of purchase of mobile phones.
Another key factor driving the market is the increasing use of mobile phones packaging by cell phone manufacturers to support branding objectives. To cater to this, packaging companies are compelled to deliver packaging solutions that help their clients’ mobile brand stand out on retail shelves.
As per estimates by a report by Transparency Market Research, the global mobile phones packaging market is predicted to display a CAGR of 7.4% between 2017 and 2027. At this pace, the market is expected to become worth US$8,055.1 mn by 2027 from a valuation of US$3,715.3 mn in 2016.
Paperboard to Remain Attractive Material Type Segment
The segments into which the global mobile phones packaging market is divided based upon packaging type are rigid boxes, folding cartons, flexible films, insert trays, thermoformed blisters, and other mobile phone packaging products. Of them, folding cartons are expected to continue to be significant backed by the continued preference for mid-range mobile phones. However, the segment of rigid boxes is predicted to hold on to its dominant position over the forecast period between 2017 and 2027. On the other hand, thermoformed blisters is expected to emerge as a key packaging type segment in the upcoming years. High investments for bespoke packaging, driven by the need to offer differentiation and customization is having a positive bearing on the thermoformed blisters type segment.
On the basis of material type, the market is segmented into paperboard, plastics, and molded fiber. The plastic segment can be further segmented into polyethylene terephthalate, poly vinyl chloride, polyethylene, and other plastics. At present, paperboard segment leads the global mobile phones packaging market. This is mainly because paperboard can be recycled that not only provides recycling opportunities to manufacturers of mobile phone packaging but is environmentally sustainable as well. Thermoformed blisters are the material of choice of cell phone manufacturers that are looking for innovative ways to stand out on retail shelves.
However, plastic based packaging is expected to rise at a below average CAGR of 3.9% between 2017 and 2027. This is mainly due to limited scope of applications of plastic based packaging.
In terms of application, the key segments of the mobile phones packaging market include smart phones, feature phones, refurbished phones, and other specialty phones.
High Concentration of Market Players Makes Asia Pacific Leader
The segments of the global mobile phones packaging market based on geography are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific. Asia Pacific, among all, is the leading region holding 30.3% share of the overall market. The region is expected to gain further in the upcoming years on account of high growth rate in India and other countries in South East Asia.
North America mobile phones packaging market is expected to display sluggish growth over the forecast period. The Europe market for mobile phones packaging, driven by Germany, U.K., Italy, and Russia, is expected to rise at a CAGR of 4.1% between 2017 and 2027.
Some of the leading companies in the global mobile phones packaging market are Pragati Pack (India) Pvt. Ltd., Any Graphics Private Limited, Plastic Ingenuity Inc., UFP Technologies Inc., Cellpaks Solutions Ltd., Hip Lik Packaging Products Pvt. Ltd., Koohing International Development Limited, Dongguan City Luheng Papers Company Ltd., and Guangzhou Junye Packaging Co. Ltd.
Global Mobile Phones Packaging Market: Overview
Transparency Market Research examines the Global Mobile Phones Packaging market for the forecast period 2017-2027. The primary objective of the report is to identify opportunities in the market and present updates as well as insights pertaining to various segments of the global mobile phones packaging market.
The report begins with an overview of the global mobile phones packaging market, evaluating market performance in terms of revenue, followed by TMR’s analysis of key trends, drivers, and restraints witnessed in the global market. Impact analysis of the key growth drivers and restraints based on the weighted average model is also included in the report.
Global Mobile Phones Packaging Market: Research Methodology
To compute the market size, in-depth secondary research is done. Data points such as regional splits and market split by material type, and application has been assimilated to arrive at appropriate market estimates. The report comprises the forecast of the global revenue generated by the sales of mobile phones packaging market.
TMR triangulates the data via different analysis based on supply side, demand side as well as the dynamics of mobile phones packaging market.
TMR not only conducts forecasts in terms of value, but also evaluate the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.
Global Mobile Phones Packaging Market: Scope of Study
In order to understand and assess opportunities in this market, the report is categorically divided into four key sections on the basis of packaging type, material type, application type and region. The report analyses the global mobile phones packaging market in terms of value (US$ Mn) and volume (Tons)
Vital feature of this report is the analysis of the mobile phones packaging market by region, packaging type, material type and application type; and the corresponding revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from sales perspective of the global mobile phones packaging market.
To understand key segments in terms of their growth and performance in the mobile phones packaging market, Transparency Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global mobile phones packaging market.
In the final section of the report, mobile phones packaging market competitive landscape is included to provide a dashboard view of companies that manufacture and provide packaging solutions for mobile phones. The report contains company profiles of some of the players in the global mobile phones packaging market.
Global Mobile Phones Packaging Market: Competitive Landscape
Some of the players operating in the global mobile phones packaging market include Pragati Pack (India) Pvt. Ltd., Any Graphics Private Limited (AGPL), Plastic Ingenuity, Inc., UFP Technologies, Inc., Cellpaks Solutions Ltd., Hip Lik Packaging Products Fty. Ltd., Koohing International Development (HK) Limited, Dongguan City Luheng Papers Company Ltd. and Guangzhou Junye Packaging Co., Ltd.
By Packaging Type
By Material Type
By Application Type