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According to Technavio's analyst, the global electronic goods packaging market is anticipated to grow at a steady rate and will post a CAGR of more than 5% during the forecast period. The growing demand for e-commerce sales and e-commerce packaging items will drive the growth prospects for the global electronic goods packaging market until the end of 2021. One of the major factors responsible for the market's growth is the increasing demand for corrugated boxes from the e-commerce market to pack and ship electronic items. Also, various countries such as the US and Europe is witnessing a growth in the trend for online shopping, the online retail sales volume, and retail packaging, which, in turn, will propel the rate of revenue generation in the electronic goods packaging market. In addition, the effective packaging is becoming one of the key business requirements in the e-commerce marketplace, which further fuels the growth of the market.
The growing demand for premium packaging will drive the growth prospects for the global electronic goods packaging market for the next four years. One of the major factors responsible for the growing demand for premium packaging is the growing preference for these packaging materials for cosmetic packaging and other household goods packaging.
The global electronic goods packaging market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. It has been observed that these vendors are increasingly competing against each other based on factors such as product offerings, differentiation, product specialization, and pricing. Moreover, since smaller and local electronic packaging vendors find it increasingly difficult to compete against international vendors in terms of quality, features, and range of offerings, they offer products at a very low price to their customers in the consumer electronics packaging market.
Key vendors in this market are -
Other prominent vendors in the market include Dunapack Packaging, Georgia Pacific, Graham Packaging, Pregis, Sonoco, Stora Enso, Unisource Worldwide, Universal Protective Packaging, and WestRock.
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The global electronic goods packaging market by corrugated boxes and cases accounted for the majority market share during 2016 and will continue to dominate the consumer electronics packaging market until the end of 2021. Some of the major factors responsible for the growing preference for corrugated box packaging market is the increase in trading activities across the globe, growing used in packaging materials due to its lightweight property, durability, and reusability and recyclability. In addition, they are also increasingly used in retail packaging sector due to various developments in the product packaging design innovations.
In terms of geography, APAC accounted for the majority market share during 2016 and will continue to dominate the consumer electronics packaging market during the forecasted period. Some of the major factors responsible for the market segment's growth is the surging demand for various retail products and product packaging, increased purchasing power, and the growth of developing economies such as China and India.
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By identifying short- and long-term trends marketing and research strategies, competitors, growth potential, and challenges, Technavio brings a comprehensive collection of market research reports on the various aspects of the packaging sector, which is an integral part of Technavio's transportation and logistics industry. While analyzing the market space for the packaging sector, the research analysts have noted that this industry is observing massive market development and structural transformations in the transportation and warehousing market that has created countless business opportunities, at both international and regional levels, to influence the overall industry's growth. Our actionable market intelligence reports also provide information on some of the leading players in the transportation and logistics industry including Amcor technology, Hitachi, Honeywell, Dynaflex, Baxter, Renolit, and Rexam, who focus on offering protective and sustainable packaging solutions.
Technavio's research analysts have focused on several market insights to offer an all-inclusive picture of the growth prospects and latest trends for packaging services like electronic goods packaging. The upcoming report on electronic goods packaging presents a tailored and objective approach to meet research objectives through the judicious use of appropriate analytical tools and evaluates the existing marketing trends, sales, and products. It has been noted that the growth of the packaging industry is primarily dependent on raw material prices and availability of advanced packaging solutions. Our report expertise includes calculating new market opportunities, market sizing, categorizing key growth drivers and restraints, and operational business strategies.
Our upcoming market intelligence report on electronic goods packaging also considers the growth of other progressive packaging markets like agricultural packaging and flexible protective packaging, which are expected to grow at a CAGR of around 4% and 6%, respectively by 2020. Technavio also provides a detailed analysis of the various packaging services required by different end-users, the scope of the market in different geographical locations, the leading vendors in the markets, and the services provided by the players. Technavio's packaging portfolio includes in-depth and knowledgeable reports on rigid packaging, flexible packaging, packaging machinery, and processing machinery.
The market report for electronic goods packaging also identifies the key drivers, emerging trends, as well as the challenges that the packaging industry is currently experiencing. It also presents insights into the changing competitive landscape to give businesses a realistic picture of the future direction of the transportation and logistics sector.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type of materials
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Appendix
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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