DUBAI, United Arab Emirates, March 03, 2022 (GLOBE NEWSWIRE) — The recovery in mobile phone sales has raised hopes for a steady recovery in packaging activities, according to a latest study by ESOMAR-certified company, Future Market Insights (IMF). The study estimates a bullish CAGR outlook of 5.6% for the mobile phone accessories packaging market, with sales steadily increasing in 2021.
Despite environmental concerns, plastic packaging will continue to be ubiquitous as smartphone makers focus on lowering the end costs for consumers. The latest IMF study analyzes mobile phone accessory packaging sales in more than 20 high-growth markets, helping manufacturers, suppliers and value chain stakeholders make informed decisions.
|Mobile Phone Accessories Packaging Market Size (2022)||US$3.4 billion|
|Projected market value (2031)||US$5.6 billion|
|Global Market Growth Rate (2022-2029)||5.4% CAGR|
|Share of collective value: 3 countries (2022E)||37%|
Request a sample report for complete information on https://www.futuremarketinsights.com/reports/sample/rep-gb-5807
According to the European Statistical Survey, in 2019 almost three quarters (73 %) of the EU-27 adult population used a mobile device such as a mobile phone or laptop (including laptops and tablets) to connect to the Internet when away from home or work, while the corresponding share among young people aged 16-29 was 93%. The data represents the huge growth potential of mobile phone accessories packaging manufacturers globally.
In terms of revenue, the global mobile phone accessories packaging market is expected to grow by 1.3x during the forecast period, opening up new avenues for major players in the market.
Key points to remember
- Strong demand for transparent enclosures seen in all major markets
- PET will remain a highly sought-after material for manufacturers of mobile phone accessory packaging
- Asia-Pacific eg. Japan is expected to remain in the lead with nearly 50% market share
- The United States will be the second largest market, holding over 83% market share in this region
- Germany will remain the epicenter of Western Europe, accounting for significant packaging sales and exports
- UK, Canada, China, Japan, France and few other countries will remain lucrative throughout the forecast period
For any questions related to the report, ask an [email protected] https://www.futuremarketinsights.com/ask-question/rep-gb-5807
|Historical data available for||2015-2021|
|Market analysis||Millions USD for value and Mn units for volume|
|Key regions covered||North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific ex. Japan (APEJ), Middle East and Africa (MEA), Japan .|
|Main countries covered||USA, Canada, Germany, UK, France, Italy, Spain, BENELUX, Poland, Russia, China, Japan, India, ASEAN, Brazil, Mexico, Australia, New Zealand, GCC Countries, Turkey, South Africa North, South Africa.|
|Key Segments Covered||Type of packaging, material, application and region|
|Profiled Key Companies||• Smurfit Kappa Group
• Sonoco product company
• Dordan Manufacturing Co.
• Hip Lik Packaging Products Corp India Private Limited
• Panic Plastics, Inc.
• Display Pack, Inc.
• Mister Blister Ltd.
• Dongguan Zhongyin Paper Co., Ltd.
• Jiajiexing Group Company Limited
• Universal protective packaging inc.
• All About Packaging, Inc.
• Transparent Packaging Inc.
• Key Packaging Co. Inc.
• Envision Packaging Inc.
• Limited Kinyi Technology
• Blisterpak Inc.
• Leyeah Packaging Design Co., Ltd.
• Suzhou Yuanlong Plastic Products Co., Ltd.
• Shenzhen Kitly Industry Limited Company
• Xinchangyuan Paper Packaging Co.
|Report cover||Market forecasts, brand share analysis, competitive intelligence, DROT analysis, market dynamics and challenges, strategic growth initiatives|
Sustainability a key area for mobile phone accessories packaging companies
Due to the chemical composition of flexible packaging materials, there are a number of advantages over conventional packaging materials. The flexible packaging formats in the mobile phone accessories packaging market are pouches and bags, blister packs and others. The main advantage is that these formats follow durability checks. Additionally, this format has a high demand due to the requirement for fewer raw materials, lower energy consumption, relatively low waste generation and low carbon footprint.
By reducing the amount of hazardous materials used in packaging, manufacturers meet criteria for environmentally friendly products, which drives sales. Globally, governments are focusing on developing strict policies regarding the recyclability and reuse of plastics.
For example, according to federal packaging regulations in the United States, environmentally friendly and safe packaging materials are required in the manufacture of packaging for consumer goods. The imposition of such laws is expected to boost the demand for mobile phone accessory packaging in the near future.
We offer bespoke solutions to meet your needs, request customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-5807
The global mobile phone accessories packaging market offers a highly competitive environment for its major players. In order to secure their positions in the fierce competition, the key players such as Smurfit Kappa Group, Sonoco Products Company, Dordan Manufacturing Co., Hip Lik Packaging Products Corp India Private Limited, Panic Plastics, Inc., Display Pack, Inc., and others focus on launching higher quality products at lower cost, while Tier 3 players hold 65-75% of the global market share. Some of the new launches by major players are-
- Display Pack, Inc. launched its new line of mobile phone accessory packaging solutions such as Display Box 78-38 Series, Display Box 66-38 Series, Display Box 57-29 Series and others in 2019
- Sonoco Products Company launched its new extended line of mobile phone accessory packaging solutions such as Sonoco Flexible Packaging Solutions, Sonoco Point of Purchase Displays and others in 2018
Buy [email protected] https://www.futuremarketinsights.com/checkout/5807
Explore FMI’s extensive ongoing packaging coverage
Straw Papers Market – Recently released data from straw papers market analysis shows that the global market demand for straw papers is expected to register a CAGR of around 5.7% during the forecast period and reach thousands of tons by 2031.
NCR Laser Paper Market – According to the latest report published by Future Market Insights, rising demand for carbonless paper sheets across regions is driving significant increase in demand for NCR laser paper in all regions of the world.
Parchment Paper Market – Based on future growth projections, the global parchment paper market is expected to register growth at a CAGR of 6% over the next decade. Based on our survey results, the sales of parchment paper is expected to reach one thousand tons, during the forecast period between 2021 and 2031.
Large Character Printer Market – Based on future growth projections, the global large character printer market is expected to register a growth of 6% to 6.5% CAGR over the forecast period between 2021 and 2031.
NCR Printer Market – According to the latest report published by Future Market Insights, the demand for NCR printer machines is expected to increase by 7% to 7.7% CAGR between 2021 and 2031, strong demand for printing devices and solutions high speed among major end-points is expected to fuel demand for NCR printers.
Syringe Labels Market – According to the latest industry survey conducted by Future Market Insights, the demand for Syringe Labels is expected to grow at 10% to 11% CAGR between 2021 and 2031, owing to the exponential increase demand for pharmaceutical supplies, including syringes.
Disposable Curd Cups Market – The global disposable curd cups market is expected to grow at a compound annual growth rate (CAGR) of around 6.0% from 2021 to 2031 and reach millions of units by 2031 .
Prescription Bottles Market – The global prescription bottles market is expected to grow at a compound annual growth rate (CAGR) of approximately 6.0% from 2021 to 2031 and reach millions of units by 2031.
Monochrome Pad Printing Machines Market – The global monochrome pad printing machines market is expected to grow at a compound annual growth rate (CAGR) of approximately 6.0% from 2021 to 2031 and reach millions of units by 2031 .
Thermoformed Cups Market – The global thermoformed cups market is expected to grow at a compound annual growth rate (CAGR) of approximately 5.5% from 2021 to 2031 and reach millions of units by 2031.
About Future Market Insights (IMF)
Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, USA and India. FMI’s latest market research reports and industry analysis help businesses meet challenges and make critical decisions with confidence and clarity amidst fierce competition. Our custom and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continuously monitor emerging trends and events across a wide range of industries to ensure our clients are prepared for the changing needs of their consumers.
future market outlook,
1602-6 Jumeirah Bay Tower X2,
Parcel number: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For sales inquiries: [email protected]
For media inquiries: [email protected]
Source of the press release: https://www.futuremarketinsights.com/press-release/mobile-phone-accessories-packaging-market