USD 3.88 billion
Report ID:
SQMIG25E2050 |
Region:
Global |
Published Date: February, 2024
Pages:
255
|Tables:
94
|Figures:
65
Mobile Phone Packaging Market size was valued at USD 3.88 billion in 2019 and it is expected to reach USD 5.6 billion by 2031, at a CAGR of 5.4% during the forecast period (2024-2031).
The mobile phone packaging market is adapting to the new normal by digitizing its operations and using emerging technologies to improve robotic automation and artificial intelligence. Technology acquisitions are an important way for companies in the Mobile Phone Packaging Market to strengthen their portfolios and stay ahead of the competition. These acquisitions can help companies to improve their capabilities in areas such as product design, marketing, and manufacturing.
The Mobile Phone Packaging Market will see growth in the short to medium term based on the investment in R&D and technology to improve product lines. This is in tough conditions. The increasing adoption of online purchases in emerging economies is likely to improve the penetration of mobile phones, which will in turn increase the demand for mobile phone packaging solutions during the forecast period. Packaging is designed to preserve the product, communicate the brand image, convey information, and make the product easier to use, such as in single-serve or microwaveable packaging solutions.
The use of durable packaging that can protect the device, the high value and fragility of mobile phones necessitate. Mobile phone packaging solutions help preserve the device and its accessories during shipping and warehousing activities. The market is expected to grow due to the increasing use of sustainable packaging solutions. The Mobile phone packaging is produced with well-crafted designs and technical development for recyclability, reusability, and degradability.
US Mobile Phone Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.88 billion
Largest Segment
rigid boxes
Fastest Growth
rigid boxes
Growth Rate
5.4% CAGR
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The mobile phone packaging market is segmented on the basis of Packaging type, material type, application, and region. Whereas, By packaging type it is sub segmented into the rigid boxes, folding cartons, flexible films, insert trays, thermoformed blisters, and other. By material type is sub segmented into the paperboard, plastics, and molded fiber. By application is sub segmented into smartphones, feature phones, refurbished phones, and other specialty phones. By region, the market is segmented into North America, Latin America, Asia Pacific, and MEA.
Mobile Phone Packaging Market Analysis by Packaging Type
Based on packaging type,The continued over for mid-range mobile phones means that cartons will continue to be a significant part of the mobile phone industry. However, the segment of rigid boxes is forecast to hold on to its dominant position over the forecast period. Thermoformed blister packs are expected to be a key packaging type segment in the upcoming year. Customized packaging is having a positive impact on the thermoformed blister type segment.
Mobile Phone Packaging Market Analysis by Material Type
Based on the material type, paperboard segment conduct the mobile phones packaging market. The main reason paperboard is recycled is because it can be used to make packaging for mobile phones, which is both environmentally sustainable and convenient for manufacturers. Cell phone manufacturers are using thermoplastic blisters as a way to stand out on retail shelves.
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North America held the largest share in the global mobile phone packaging market in 2021. The market in Asia Pacific is expected to dominate the target market, owing to fast growing smartphone users in emerging economies such as India and China. Several factors are expected to fuel growth in the e-commerce sector in the region, including a growing sector, the presence of key players, and competitive prices.
The mobile phone packaging market in North America is projected to grow rapidly, as customers demand more secure packaging for mobile phone accessories. The growing demand for smart and advanced devices among tech-savvy people is another contributing factor to the growth of the target market.
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Mobile Phone Packaging Market Drivers
Wide Array of Options to Drive the Demand for Mobile Phone Packaging
Mobile Phone Packaging Market Restraints
Usage of Plastic to Hinder Market Growth
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Many mobile phone manufacturers are constantly looking for ways to improve their products and differentiate themselves from their competitors. Mobile phone manufacturers such as Smurfit Kappa Group and Sonoco Products are setting the standard for packaging innovation in the mobile phone market.
Mobile Phone Packaging Market Top players company profiles
Mobile Phone Packaging Market Recent developments
Sky Quest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global mobile phone packaging market analysis, Over the past ten years, the availability of online shopping has altered the need for mobile phone packaging options. Due to increased customer adoption and technological developments, the e-commerce sector is expanding globally. Due to the increasing popularity of these channels, other mobile phone firms like Apple, Samsung, Xiaomi Corporation, and OnePlus have also launched online store services.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3.88 billion |
Market size value in 2031 | USD 5.6 billion |
Growth Rate | 5.4% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Mobile Phone Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mobile Phone Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mobile Phone Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mobile Phone Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Mobile Phone Packaging Market size was valued at USD 3.88 billion in 2019 and it is expected to reach USD 5.6 billion by 2031, at a CAGR of 5.4% during the forecast period (2024-2031).
Many mobile phone manufacturers are constantly looking for ways to improve their products and differentiate themselves from their competitors. Mobile phone manufacturers such as Smurfit Kappa Group and Sonoco Products are setting the standard for packaging innovation in the mobile phone market. 'Cellpaks Solutions Ltd', 'Dongguan City Luheng Papers Company Ltd', 'Plastic Ingenuity Inc', 'Pragati Pack (India) Pvt. Ltd', 'UFP Technologies Inc.', 'Kooning International Development Limited', 'Hip Lik Packaging Products Pvt. Ltd', 'Any Graphics Private Limited', 'Guangzhou Junye Packaging Co. Ltd.'
The major driving factor in the mobile phone packaging market is the increasing use of mobile phone packaging by mobile phone manufacturers to support brand objectives. Packaging companies are compelled to deliver packaging solutions that help their clients’ mobile brands stand out on retail shelves.
There is evidence that online purchases of mobile phones and accessories are on the rise, and this trend is continuing to grow. Mobile phone companies are relying more on their websites and mobile applications to sell their products, which is expected to increase demand for their products over the next few years.
North America held the largest share in the mobile phone packaging market in 2021. The market in Asia Pacific is expected to dominate the target market, owing to fast growing smartphone users in emerging economies such as India and China. Several factors are expected to fuel growth in the e-commerce sector in the region, including a growing sector, the presence of key players, and competitive prices.
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Report ID: SQMIG25E2050
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