Packaging of an electronic device must include features of protection such as electrostatic discharge, cooling, mechanical damage, cooling, and radiofrequency noise emission. Manufacturers of electronic products are now more focused on protective packaging including air bubble wraps, air pillows, and many other inflatable packaging products that can protect electronics.
To curb the menace of counterfeiting of electronic products, nowadays corrugated packaging includes covert technologies like barcodes, holograms, and sealing taps to preserve the integrity of the product. The onset of e-commerce in developing nations has been a rising star for anti-counterfeit electronics, as distributors are using technologies such as RFID to deliver products at destinations.
Eco-friendly packaging is becoming more and more important these days. There is a significant push by regulatory bodies and government towards the adoption of cleaner & greener methods of packaging. Consumers and brands are both becoming conscious of protecting the environment by using bio-degradable packaging solutions from non-biodegradable packaging waste. These reasons will be responsible for raising the demand for the corrugated electronics packaging market.
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Corrugated Electronics Packaging Market: Drivers
The increase in concern over product and consumer safety is one of the major reasons for the rise in demand for the corrugated electronics packaging market. As we know, Zune shifted towards the corrugated packaging method replacing the old clamshell packaging because of qualities such as efficiency, eco-friendly, and convenience to open.
But we have seen a large number of counterfeit products which are hampering the revenue and reputation of manufacturers and also causing loss to the given market. In addition to this, ease in regulations about plastics also challenges the market growth in the corrugated packaging market. PVC plastics and various order forms are lightweight and efficient for low temperatures but have a disadvantage at higher temperatures. This will impact the demand for the corrugated electronics packaging market.
The growing demand for product safety is nowadays a necessity by both consumers and manufacturers, as a result of this manufacturers will see a boost in the corrugated electronics packaging market. Apart from all this, a subsequent rise in e-commerce shopping trends for electronics will indirectly affect the market, because an opportunity arose in developing countries as they possess a large amount of disposable income which increases the sales of electronics and other industries due to changing lifestyles.
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Corrugated Electronics Packaging Market: Regional Outlook
With the increase of per capita income in developing countries across Latin America and Asia-Pacific, a rise in the purchase of electronics goods such as laptops, mobiles, tablets, kitchen appliances and many more will be seen across countries such as Brazil, India, Malaysia indirectly boosting the demand for the corrugated electronics packaging market.
Europe and North America will remain the leader in the majority stakeholder of the corrugated electronic packaging market as manufacturers prefer corrugated packaging for delivery of products and even e-commerce websites prefer corrugated electronics packaging for safe delivery of products.
The Middle East and Africa are currently on the baby steps toward using packaging such as corrugated for electronic devices and appliances, but in due years a high surge of demand will be seen in this region due to a large capital flow through the area.
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Corrugated Electronics Packaging Market: Key Players
Key players in the corrugated electronics packaging market are;
- Sonoco Products Company
- DS Smith PLC
- Smurfit Kappa Group PLC
- Pregis Corporation
- Sealed Air Corporation
- Hangzhou Schindler Packaging Company Ltd.
- WestRock Company
- Universal Protective Packaging Inc
- Parksons Packaging Ltd.
- Dordan Manufacturing Company.
- UFP Technologies Inc.
- Stora Enso Oyj
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