White Goods Packaging Market - Introduction:
Packaging consist of processes and materials that are employed to handle, store, protect, and transport the product. White goods are the household appliances which include small electrical appliances as well as large electrical appliances, such as microwave oven, toasters, vacuum cleaners, deep fryers, dishwasher, cooking stoves, washing machines, refrigerators and freezers, clothes dryers etc. White goods are sensitive to impact, pressure, vibrations as well as climatic stresses. White goods require perfect packaging to avoid damage caused by contamination, solar radiation and damp weather. The changing trend towards efficient multifunctional appliances driving the white goods packaging market. Manufacturers providing various disposable white goods packaging solutions to meet the optimization in weight reduction, shipping space and packaging cost. White goods industry is the largest sector worldwide which helps the growth of white goods packaging market.
White Goods Packaging Market - Dynamics:
Increasing applications of white goods in luxury, entertainment, life science, medical, and in other sectors is driving the global white goods packaging market. An efficient and appealing white goods packaging can help in marketing and drive the sales. The revolutionary technologies such as internet of things (IOT) are driving the demand for smart electronic devices which helps in rising the growth of white goods packaging market. White goods need highly safe and secure packaging due to the delicacy of the products as they may create fire in the premises. Packaging is an important factor in case of white goods as they contain various hazardous materials such as lead, mercury, and cadmium which are very harmful when they get damage. Manufacturers provide a wide range of plastic processing and professional packaging solutions of white goods packaging. Expanded Polypropylene (EPP) foam is widely used material in the white goods packaging market.
The white goods packaging is precisely engineered to be aligned with the respective goods and which is fabricated with the help of modified technologies. White goods packaging helps in improving the logistic flow and reducing the tooling cost. White goods packaging can be available as a complete recyclable variant or as multi-use packaging solution. Growing consumer electronics retail stores and online retail industry also fuelling the demand for white goods packaging. The white goods packaging market in rural and semi-rural areas is anticipated to account high growth in the forecast period. Manufacturers offering white goods packaging which could be reused and made up of expanded polypropylene, which is a recycling material as well as without toxic volatile agent like Styrofoam.
White Goods Packaging Market – Segmentation:
The global white goods packaging market is segmented on the basis of material type and by packaging type, and by application.
On the basis of material type, the global white goods packaging market is segmented as follows:
- Polypropylene (PP)
- Expanded polypropylene (EPP)
- Polyethylene (PE)
- High-density polyethylene (HDPE)
- Low-density polyethylene (LDPE)
- Polyvinyl chloride (PVC)
- Polyethylene terephthalate (PET)
- Paper & Paperboard
On the basis of packaging type, the global white goods packaging market is segmented as follows:
- Air Bags
- Foam Sheets
- Corrugated Boxes
- Rigid Plastic Containers
- Shrink Films
On the basis of application, the global white goods packaging market is segmented as follows:
- Washing Machines
- Air Conditioners
- Microwave Ovens
- Vacuum Cleaners
White Goods Packaging Market – Regional Outlook:
On the basis of geography global white goods packaging market is segmented into Latin America, North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. Among these region, Asia Pacific excluding Japan (APEJ) is expected to be the fastest growing white goods packaging market due to growing production of electronic devices. Along with APEJ, North America is also one of the largest consumer of white goods and anticipated to grow at significant speed.
White Goods Packaging Market – Major Players:
Some of the prominent players operating in the global white goods packaging market include Smurfit Kappa Group PLC, Uline, Inc, JJX Packaging LLC., Parksons Packaging Ltd., AllTransPack, Inc., Clark Foam Products Corp., Eurofoam GmbH, and Automa Multi Styrene (Pty) Ltd.
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.