Global Mobile Phones Packaging market, which is likely to accrue nearly 8,535.26 (USD Million) by 2026, is set to record a CAGR of nearly 7.2% over 2020-2026
New York, United States - October 21, 2020 /MarketersMedia/ —
As per analysts at Zion Market Research, the global mobile phones packaging market is anticipated to grow at a CAGR of around 7.2% during the forecast period 2020–2026 and reach USD 8,535.26 million by the end of 2026. The packaging plays a vital role during the process of storage & transportation. Also, mobile phones packaging products offer protection and aid to improve the shelf-life of the product, which helps to present superior quality products. These are some key aspects expected to propel the expansion of the global market. Furthermore, rapidly augmenting demand for mobile phones internationally is the main factor accountable for the development of the global market.
Some of the prominent players in the global market are Guangzhou Junye Packaging Co. Ltd; Dongguan City Luheng Papers Company Ltd.; Cellpaks Solutions Ltd.; Pragati Pack (India) Pvt. Ltd.; Plastic Ingenuity Inc.; Koohing International Development Limited; UFP Technologies Inc.; Any Graphics Private Limited; and Hip Lik Packaging Products Pvt. Ltd.
E-Commerce Segment Propelling The Demand For Packaging Solutions And Boosting The Global Mobile Phones Packaging Market
The inclination of purchasing goods online has boosted the need for mobile phone packaging solutions in the last decade. The e-commerce segment has witnessed massive growth globally due to technological developments and higher consumer implementation rates. Mobile phone firms like Apple, Xiaomi Corporation, Samsung, and OnePlus amongst others have also launched online store services owing to the increasing adoption of these channels. This not only surges the product demand but also facilitates the producer to craft its brand image by presenting customized websites as per the customer needs. The penetration of mobile phones is increased by e-commerce companies such as Amazon, Alibaba, Flipkart, and eBay. This in return, is likely to impel the demand for mobile phone packaging solutions in the upcoming years.
The global mobile phones packaging market is bifurcated on the basis of packaging type, material, application, and regional analysis. Based on the packaging type, the market is divided into folding cartons, flexible films, rigid boxes, thermoformed blisters, and bubble wraps. Based on the material, the market is divided into plastic, paperboard, and molded fibers. Based on the application, the market is divided into refurbished phones, smartphones, and feature phones.
Asia Pacific Expected To Dominate The Global Mobile Phones Packaging Market Over Forecasted Period
Based on geographical analysis, the global mobile phones packaging market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The market across the Asia Pacific region is likely to dominate the global market, due to rapidly increasing smartphone users in developing countries like China and India. Also, the thriving e-commerce segment, robust incidence of leading players, and accessibility of labor & raw materials at reasonable prices are some additional factors anticipated to boost the market growth.
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The global mobile phones packaging market is segmented as follows:
By packaging type:
Bubble Wraps
Rigid Boxes
Folding Cartons
Flexible Films
Thermoformed Blisters
By material:
Plastic
Paperboard
Molded Fibers
By application:
Refurbished Phones
Smartphones
Feature Phones
By region:
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Browse TOC of this Report - https://www.zionmarketresearch.com/toc/mobile-phones-packaging-market
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Source: MarketersMedia
Release ID: 88981827
