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Consumer Electronics Packaging Market Share

Report ID: GMI7836
Published Date: Jan 2024
Report Format: PDF

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Consumer Electronics Packaging Market Share

Major market players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

In September, 2023, International Paper marked the inauguration of its cutting-edge corrugated packaging facility in Atglen, PA, with a grand celebration. Valued at $100 million, this new establishment stands as a testament to the company's commitment to excellence. Its primary focus lies in crafting high-quality corrugated packaging tailored to serve various industries, including produce, processed food, beverages, shipping, distribution, and the rapidly expanding realm of e-commerce.

Consumer Electronics Packaging Market Companies

Major players operating in the consumer electronics packaging industry include:

International Paper Company
DS Smith Plc
Smurfit Kappa Group
Mondi Group
Sonoco Products Company
Sealed Air Corporation

Authors: Suraj Gujar, Sunita Singh

Frequently Asked Questions (FAQ) :

Industry size for consumer electronics packaging was USD 26.2 billion in 2023 and is anticipated to grow at over 18.4% CAGR from 2024 to 2032 due to the increasing trend of eco-friendly material demands and minimalist designs.

The paper & paperboard material type segment held 30% of the consumer electronics packaging market share in 2023 owing to the rising consumer tastes for environmentally friendly alternatives.

U.S. market for consumer electronics packaging reached USD 8.5 billion in revenue in 2023, driven by the presence of well-established industries and a strong focus on innovation and technology.

Some of the leading consumer electronics packaging industry players are International Paper Company, DS Smith Plc, Smurfit Kappa Group, Mondi Group, Sonoco Products Company, and Sealed Air Corporation.