The new report published by Future Market Insights entitled “Cell Phone Accessories Packaging Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)“ tracks market performance over a 10-year forecast period, from 2017 to 2027. According to this report, global sales of cell phone accessories packaging is estimated at US $ 2,967.2 million in 2017 and is expected to reach US $ 5,571.3 million by 2027. Revenue is expected to increase at a CAGR of 6.5% during the period of forecast 2017-2027.
Global Cell Phone Accessories Packaging Market: Restrictions
- High packaging cost increases the overall production cost
- Presence of small and unorganized players
- Lack of standardization of accessory design and bulk manufacturing of packaging solutions is a challenge
- Lack of raw material supply capacity increases the cost of raw materials in the global market
- Sale of mobile phone accessories in bulk (without packaging) in the gray and underground market
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Global Cell Phone Accessories Packaging Market Forecast By Packaging Type
On the basis of packaging type, the global mobile phone accessories market is segmented into folding cartons, clear boxes, pouches and bags, cases, blisters and trays. The folding box segment is expected to account for 30.7% of the market value in 2017 and is expected to fall by 20 BPS to represent 30.5% by 2027. The folding box segment by type of packaging is estimated at 911, US $ 1. Mn in 2017 and is expected to increase at a CAGR of 6.4% during the forecast period to reach US $ 1,696.6 million by the end of 2027. In terms of volume, the folding box segment is estimated at 1,977 million units in 2017 and is expected to increase at a CAGR of 6.3% during the forecast period to reach 3,639 million units by the end of 2027.
Global Cell Phone Accessories Packaging Market Forecast By Application
The application segment includes headsets, chargers, protective covers, screen protectors, power banks, batteries and portable speakers. By application, the charger segment is expected to account for 19.5% of the total market value share in 2017 and is expected to grow at a CAGR of 6.4% during the forecast period. Most chargers, protective covers and helmets are sold in folding cartons and transparent boxes. Manufacturers of cell phone accessory packaging have good opportunities as the consumption of cell phone accessories is increasing rapidly due to the increasing adoption of smartphones.
Global Cell Phone Accessories Packaging Market Forecast by Material Type
The material type segment includes plastic and paper and cardboard. The plastic segment is sub-segmented into PE, PET, PVC and others (polystyrene). The plastics segment is expected to reach US $ 4,753.3 million in value terms by 2027, with a CAGR of 6.6% during the forecast period.
Global Mobile Phone Accessories Packaging Market: Forecast by Region
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA have been covered in this report. The APEJ mobile phone accessories market accounts for almost half of the global market share due to the high production of mobile phones, smartphones and accessories at affordable prices in the region. The APEJ mobile phone accessories packaging market is estimated to create a total additional opportunity of US $ 1,771.4 million during the forecast period.
Global Cell Phone Accessories Packaging Market: Competitive Landscape
Some of the major players in this market are Smurfit Kappa Group, Sonoco Products Company, Dordan Manufacturing Co., Hip Lik Packaging Products Corp India Private Limited, Panic Plastics, Inc., Display Pack, Inc, Mister Blister Ltd., Dongguan Zhongyin Paper Co ., Ltd., Jiajiexing Group Company Limited, Universal Protective Packaging Inc, All About Packaging, Inc., Transparent Packaging Inc., Key Packaging Co. Inc., Envision packaging Inc., Kinyi technology limited, Blisterpak Inc., Leyeah Packaging Design Co., Ltd., Suzhou Yuanlong Plastic Products Co., Ltd., Shenzhen Kitly Industry Limited Company and Xinchangyuan Paper Packaging Co., Ltd.