Consumer Electronics Packaging Market to reach USD 119 billion by 2032, Says Global Market Insights inc.
Consumer Electronics Packaging Industry size is expected to register 18.4% CAGR between 2024 and 2032 propelled by growing emphasis on eco-friendly materials.
Selbyville, Delaware, June 10, 2024 (GLOBE NEWSWIRE) — Consumer Electronics Packaging Market is projected reach USD 119 billion by 2032, as per a
Europe to emerge as a flourishing market
Europe consumer electronics packaging market will grow steadily through 2032, driven by a large consumer base and high demand for the latest consumer electronics products. The region’s strong emphasis on sustainability and environmental responsibility has led to the growth of environmentally friendly packaging materials and practices. Countries like Germany, France, and the UK are at the forefront of this trend with strict regulations and standards for packaging waste and recycling. In addition, the presence of major consumer electronics manufacturers and innovative packaging companies
Consumer Electronics Packaging Market Players
The major companies in the market are DS Smith Plc, Sealed Air Corporation, Sonoco Products Company, Smurfit Kappa Group, Mondi Plc, Pregis LLC, International Paper, and Stora Enso Oyj. Their key growth strategies include a focus on innovation and sustainability through developing environmentally friendly and recyclable packaging materials. Companies also make strategic acquisitions and partnerships to expand their product portfolio and geographic reach. Another notable strategy is to improve product functionality through intelligent and protective packaging solutions. In addition, they invest in advanced manufacturing technologies to improve efficiency, reduce costs, and take advantage of market trends such as the growth of e-commerce to adapt packaging solutions to meet the specific needs of e-commerce.
Citing an instance, in May 2024, Mondi partnered with Lantmännen’s Scan Sverige and introduced a recycling package for slices of ham, salami, and vegetables from the Pärsons brand, WalletPack. This polypropylene solution replaces the previous non-recyclable solution packaging made of polyethylene terephthalate and polyamide/polyethylene laminates.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
CONTACT: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: [email protected]
