The increase in the use of mobile phones and related accessories has dramatically increased the demand for the mobile phone accessories packaging market since the last decade. While the demand for aesthetic and tamper-evident packaging to ensure safe delivery has broadened the growth scope of suppliers, the development of sustainable cellphone accessory packaging solutions has further catalyzed the growth of manufacturers.
The recovery in cell phone sales has raised hopes for a steady recovery in packaging activities, according to the latest study from ESOMAR-certified company, Future Market Insights (IMF). The study estimates a 5.6% bullish CAGR outlook for the market, with sales rising steadily in 2021. Despite environmental concerns, plastic packaging will continue to be ubiquitous as smartphone makers focus on the market. reduction of final costs for consumers. The latest IMF study analyzes cellphone accessory packaging sales in more than 20 high-growth markets, helping manufacturers, suppliers and value chain stakeholders make informed decisions.
According to the European Statistical Survey, in 2019 almost three-quarters (73%) of the adult population in the EU-27 used a mobile device such as a cell phone or laptop (including laptops and laptops). tablets) to connect to the Internet when away from home. or work, while the corresponding share among young people aged 16-29 was 93%. The data represents the huge growth potential of mobile phone accessory packaging manufacturers globally.
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In terms of revenue, the global mobile phone accessories packaging market is expected to grow 1.3 times over the forecast period, opening new avenues for major market players.
Key points to remember
- Strong demand for Clear View Boxes observed in all major markets
- PET will remain a highly sought after material by manufacturers of mobile phone accessory packaging
- Asia-Pacific ex. Japan is expected to remain in the lead with almost 50% market share
- The United States will be the second largest market, holding over 83% market share in this region
- Germany will remain the epicenter of Western Europe, representing significant packaging sales and exports
- UK, Canada, China, Japan, France and a few other countries will remain lucrative throughout the forecast period
âWith the increasing requirements for flexible packaging formats, especially in the e-commerce industry for consumer electronics end use, the increasing importance of product safety has become important. Mobile phone accessory packaging offers waterproof, tamper-evident and versatile packaging solutions for consumer electronics, making it highly preferred in the industry, an IMF analyst said.
Sustainability, a key focus area for cellphone accessory packaging companies
Due to the chemical composition of flexible packaging materials, there are a number of advantages over conventional packaging materials. The flexible packaging formats in the cell phone accessory packaging market are pouches and bags, blisters and others. The main advantage is that these formats follow sustainability checks. In addition, this format has high demand due to the requirement for less raw materials, lower energy consumption, relatively low waste generation and low carbon footprint.
By reducing the number of hazardous materials used in packaging, manufacturers meet the criteria for environmentally friendly products, which in turn drives sales. Globally, governments are focused on developing strong policies around the recyclability and reuse of plastics.
For example, according to federal packaging regulations in the United States, environmentally friendly and safe packaging materials are required in the manufacture of packaging for consumer goods. The imposition of such laws is expected to stimulate demand for cellphone accessory packaging in the near future.
The global mobile phone accessories packaging market provides a highly competitive environment for its major players. In order to secure their positions in the fierce competition, key players such as Smurfit Kappa Group, Sonoco Products Company, Dordan Manufacturing Co., Hip Lik Packaging Products Corp India Private Limited, Panic Plastics, Inc., Display Pack, Inc., And others focus on launching better quality products at lower cost while level 3 players hold 65% to 75% of the global market share. Some of the new launches by major players are-
- Display Pack, Inc. has launched its new line of mobile phone accessory packaging solutions such as Display Box 78-38 series, Display Box 66-38 series, Display Box 57-29 series and others. in 2019
- Sonoco Products Company launched its new extended line of mobile phone accessory packaging solutions such as Sonoco flexible packaging solutions, Sonoco point-of-sale displays and others in 2018
Scope of the report
|Historical data available for||2016-2020|
|Market analysis||Millions USD for value and Mn units for volume|
|Key regions covered||North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific ex. Japan (APEJ), Middle East and Africa (MEA), Japan.|
|Key countries covered||United States, Canada, Germany, United Kingdom, France, Italy, Spain, BENELUX, Poland, Russia, China, Japan, India, ASEAN, Brazil, Mexico, Australia, New Zealand, GCC countries, Turkey, South Africa North, South Africa.|
|Key segments covered||Type of packaging, material, application and region|
|Key companies profiled||Smurfit Kappa GroupSonoco Products CompanyDordan Manufacturing Co.Panic Plastics, Inc.Display Pack, IncMister Blister Ltd.Dongguan Zhongyin Paper Co., Ltd.|
|Cover of the report||Market forecasting, brand share analysis, competitive intelligence, DROT analysis, market dynamics and challenges, strategic growth initiatives|
|Personalization and prices||Available on demand|
Cell Phone Accessories Packaging Market Report
Future Market Insights, in its new report, offers a comprehensive overview of the global mobile phone accessories packaging market, analyzing the historical demand for 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections in the mobile phone accessories packaging market depending on the type of packaging (folding carton, transparent boxes, pouches and bags, shells, blisters and trays), application (headphones , chargers, protective covers, screen protectors, power banks, batteries, portable speakers, memory cards and others (VR, cables)), type of material (plastic (PE, PET, PVC and others (polystyrene )) and paper and cardboard) in seven regions (North America, Latin America, Western Europe, Eastern Europe, APEJ, MEA and Japan)