The North America Consumer Electronics Packaging Market would witness market growth of 7.3% CAGR during the forecast period (2023-2029).
The packaging design of consumer electronics is constantly evolving to reflect altering consumer preferences and technological advancements. Current trends in consumer hardware packaging include moderation, eco-friendliness, and customization. The hallmarks of minimalist designs that emphasize simplicity are muted colors, clean lines, and minimal text. Using recycled or biodegradable materials and eco-friendly designs is intended to reduce waste and minimize environmental impact. In addition, specialized designs that cater to specific consumer groups or niche markets allow for a more individualized purchasing experience for the customer.
Depending on the type and quantity of the item being packaged, consumer electronics packaging comes in various forms and materials. Smartphones, for example, are frequently distributed in sturdy and compact boxes with foam inserts to prevent damage during transport. The inclusion of magnetic closures in sleek and minimalist packaging can make the unboxing of laptops and tablets a sophisticated and straightforward experience. Cameras and other hardware may be packaged in protective cases or packets for added protection against scratches and other damage. Customized packaging targeting specific clientele or audiences is an additional trend in consumer electronics packaging.
In 2017, the eCommerce industry in Mexico was valued at USD 21 billion and grew at an annual rate of 20%. The sector is anticipated to continue to expand due to enhancements in connectivity, financial inclusion, logistics, and digital literacy. According to reports, multichannel brick-and-mortar (brick-and-click) retailers have seen their online sales account for 25 percent of total sales. In 2018, there were approximately 82 million internet users, or 71% of the population older than six. In 2018, according to the Mexican Internet Association surveys, sixty percent of internet users reported engaging in eCommerce in the preceding three months.
The US market dominated the North America Consumer Electronics Packaging Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $8,674.8 million by 2029. The Canada market is estimated to grow a CAGR of 9.7% during (2023 - 2029). Additionally, The Mexico market would exhibit a CAGR of 8.7% during (2023 - 2029).
Based on Type, the market is segmented into Paperboard Boxes, Corrugated Boxes, Thermoformed Trays, Blister Packs & Clamshells and Others. Based on Material Type, the market is segmented into Paper & Paperboard, Plastic and Others. Based on Application, the market is segmented into Mobile Phones, Computers, TVs, DTH & Set-Top Boxes, Printers, Scanners & Photocopy Machines, Game Consoles & Toys, Music Systems, Electronic Wearables, Camcorders & Cameras and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Consumer Electronics Packaging Market is Projected to reach USD 35.6 Billion by 2029, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DS Smith Plc., Smurfit Kappa Group plc, Sonoco Products Company, Billerud AB, The International Paper Company, JohnsByrne, Plastic Ingenuity, Stora Enso Oyj, UFP Technologies, Inc. and WestRock Company.
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