The global industrial electronics packaging market is estimated to attain USD 1,944.9 million in 2023. The market is projected to witness expansion at a CAGR of 4.1% through 2033, eventually leading up to USD 2,906.73 million by 2033. Increasing demand for consumer electronics across the globe is influencing industrial electronics packaging consumption.
Key Drivers Augmenting the Market Growth:
Surging demand for paper and board packaging:
These materials are extensively used for packaging mobile phones and computers. Since these devices are breakable, they require strong, rigid packaging like paper and board. Other features of paper and board include a polished finish and superb soft printability.
Increasing demand for eco-friendly packaging:
Several eCommerce industries aim to scale on sustainable packaging solutions like paper-based packaging to reduce plastic waste generation. This trend is catching up in the industrial electronics packaging industry, which employs better designs to strengthen packaging.
Prevalence of digitalization:
Rampant digitalization is boosting the demand for IoT, which, in turn, is increasing the demand for effective packaging for industrial electronics products. The rise in the industrial electronic products market is projected to push the demand for electronic packaging for devices like laptops, tablets, smart computing, mobile phones, and smartphones in developed and emerging countries.
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| Attributes | Details |
|---|---|
| Industrial Electronics Packaging Market Size (2023) | USD 1,944.9 million |
| Estimated Market Worth (2033) | USD 2,906.73 million |
| Global Market Growth (2023 to 2033) | 4.1% CAGR |
| Dominant Material for Packaging Industrial Electronic Products | Plastic |
The packaging industry has changed drastically over the years, and the industrial electronics packaging market has also seen substantial evolution as demand for electronic components is ever-increasing. Various packaging formats are available, from rigid to flexible packing, to fulfil industry requirements per application.
Industrial electronics packaging consumption rose at a CAGR of 3.5% from 2018 to 2022, with a high need for custom electronic packaging complementing demand growth.
Industrial electronic components have seen a substantial increase in demand as there is a huge increase in the industrial sector of many emerging economies. Evolving electronics industry, advanced packaging demand, device miniaturization, etc., are more factors shaping the industrial electronics packaging marketplace.
According to the recent market report analysis by FMI, the industrial electronics packaging industry is anticipated to reach USD 2,906.73 million by the end of 2033. Sales of industrial electronics packaging are predicted to rise at a CAGR of 4.1% from 2023 to 2033. FMI evaluates important developments in the market based on short-term, medium-term, and long-term periods.
| Duration | Market Analysis |
|---|---|
| Short-term Growth (2023 to 2026) | The market is anticipated to reach USD 2,109.5 million by 2025. Due to their expensive and fragile nature, the rising demand to protect industrial electronics is projected to boost the application of industrial electronics packaging over the next few years. Material types typically used for packaging include plastic, paper, and board. Surging demand for these materials is expected to positively impact the industrial electronics packaging material market over the forecast period. |
| Medium-term Growth (2026 to 2029) | By 2028, the market is estimated to generate USD 2,379.6 million. The market is assessed to witness high demand for performance-driven, personalized, and cost-effective packaging solutions. Manufacturers who effectively address the prevalent issues of electronics packaging are anticipated to get the most out of the thriving market for industrial electronics packaging. |
| Long-term Growth (2029 to 2033) | By the end of 2033, the market is slated to reach USD 2,906.73 million. Since the electronics industry is considered to be at the forefront of innovation, the industry is shifting towards sustainable packaging options to protect the future of the planet. New developments in eco-friendly and smart packaging are aiding electronics makers to incorporate green design into their products. Since the long-term effects of e-waste are coming to light, electronics manufacturers are taking initiatives to incorporate biodegradable packaging in their systems. |
Principal Consultant
The industrial electronic product packaging landscape is explained in detail for regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa.
| North America Market Size (2023) | USD 672.1 million |
|---|---|
| Estimated CAGR (2023 to 2033) | 3.9% |
| Latin America Market Size (2023) | USD 116.7 million |
|---|---|
| Estimated CAGR (2023 to 2033) | 2.7% |
| Europe Market Size (2023) | USD 578.3 million |
|---|---|
| Estimated CAGR (2023 to 2033) | 4.2% |
| South Asia Market Size (2023) | USD 202.8 million |
|---|---|
| Estimated CAGR (2023 to 2033) | 4.9% |
| East Asia Market Size (2023) | USD 296.4 million |
|---|---|
| Estimated CAGR (2023 to 2033) | 4.4% |
| Oceania Market Size (2023) | USD 15.4 million |
|---|---|
| Estimated CAGR (2023 to 2033) | 2.9% |
| Middle East and Africa Market Size (2023) | USD 63 million |
|---|---|
| Estimated CAGR (2023 to 2033) | 2.5% |
Demand for industrial electronics packaging designs in North America is expected to be most prominent among all the other regions, and the continent is anticipated to hold a leading market share in the global landscape. The well-established electronics industry, high electronics production, and rising demand for durable and cost-effective packaging are the key factors influencing the sales of industrial electronics packaging in North America.
South Asia has also been identified as a highly lucrative regional market for industrial electronics packaging. Industrial electronics packaging demand in this region is expected to be significantly driven by emerging economies such as India, where consumer electronics and other electronic product consumption is increasing rapidly.
East Asia also exhibits lucrative opportunities for industrial electronics packaging suppliers; notably, Japan is driving market potential in the region. With Japan accounting for a significant market share in this region, it is expected to be the dominant nation over the forecast period, followed closely by China, which also has a budding electronics manufacturing landscape.
Industrial electronics packaging sales in Europe are expected to rise at a healthy pace over the forecast period. Demand for industrial electronics packaging in Europe is expected to be spearheaded by Germany, which currently holds nearly 60% of the market share in the region.
Industrial electronics packaging shipments in the Middle East and Africa region are expected to grow sluggishly over the forecast period. Demand is expected to rise over the forecast period as urbanization spreads and the proliferation of technology increases, thereby driving demand for custom electronic packaging solutions.
| Years | Values |
|---|---|
| 2018 | USD 544.4 million |
| 2022 | USD 634.9 million |
| 2023 | USD 659.9 million |
| 2033 | USD 967.46 million |
The United States has a robust electronics industry that is reliable on the global landscape. The presence of leading industrial electronics packaging manufacturers in the United States makes it a leading producer worldwide. High consumer electronics demand, increased technological proliferation, and technological advancements are a few of the key factors driving the consumption of industrial electronics packaging in the United States.
Growing demand for next-generation electronic products in industries is also expected to fuel industrial electronics packaging shipments. An increasing trend of automation is also expected to boost sales of different industrial electronic components.
| Historical CAGR (2017 to 2022) | 3.6% |
|---|---|
| Forecast CAGR (2023 to 2033) | 3.9% |
| Years | Values |
|---|---|
| 2018 | USD 106.8 million |
| 2022 | USD 129 million |
| 2023 | USD 135.4 million |
| 2033 | USD 220.55 million |
China is one of the most evolved manufacturing hubs in the world. The nation is a leading name in electronic component manufacturing and production. This makes it a lucrative market for the electronics packaging industry as well. Demand for industrial electronics and electronics packaging is high in China as it is a prominent manufacturing hub for multiple electronic components.
Government initiatives are attracting investors to invest in the packaging for the electronic products market.
| Historical CAGR (2017 to 2022) | 4.3% |
|---|---|
| Forecast CAGR (2023 to 2033) | 5% |
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| Years | Values |
|---|---|
| 2018 | USD 916.4 million |
| 2022 | USD 1,079.7 million |
| 2023 | USD 1,128 million |
| 2033 | USD 1,718.51million |
As per these industrial electronics packaging insights, plastic is expected to account for a significant share of the global advanced electronic packaging solutions market. The use of plastics in packaging has been prominent over the past years, and this trend is anticipated to be prevalent over the forecast period as well. However, due to rising sustainability concerns in the packaging industry, plastic use is expected to decline as more eco-friendly alternatives to plastic are discovered.
The paper and board segment is anticipated to see good growth over the forecast period as the popularity of plastic is declining due to rising environmental concerns.
| Historical CAGR (2017 to 2022) | 3.7% |
|---|---|
| Forecast CAGR (2023 to 2033) | 4.3% |
Rigid Packaging to Maintain its Market Dominance On the basis of packaging type, several industrial electronics packaging solutions are in a rigid format. In 2023¸ the rigid packaging type is projected to cross USD 1,816.7 million. The segment is projected to observe a CAGR of 4% over the forecast period, to attain USD 2,689.16 million by 2033.
| Rigid Format - Subsegments | CAGR |
|---|---|
| Corrugated Box | 3.2% |
| Containers | 4% |
| Protective Packs | 4.2% |
| Trays | 5.2% |
| Clamshells | 4.8% |
| Bins and Totes | 3.8% |
Flexible packaging formats are rapidly growing across industries, yet they hold a negligible share in the industrial electronics packaging industry. The segment is projected to register CAGR of 4.9% over the forecast period, to attain USD 206.84 million by 2033. The flexible industrial electronics packaging solutions market is projected to witness an increase in the adoption of flexible packaging on account of consumer convenience, enhanced product packaging, and easy recyclability, among other advantages.
| Flexible Format - Subsegments | CAGR |
|---|---|
| Bags and Pouches | 4.5% |
| Tapes and Labels | 5% |
| Films and Others | 5.4% |
Industrial electronics product packaging manufacturers are eyeing untapped markets to boost their market presence and market share in the global landscape. Industrial electronics packaging suppliers are focusing on mergers to coordinate the research & development of innovative products. The market is highly fragmented, and hence, provides opportunities to new entrants as well to come in with advanced electronic packaging solutions.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; The Middle East and Africa |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, China, Japan, South Korea, India, Indonesia, Malaysia, Singapore, Australia, New Zealand, Türkiye, South Africa, and GCC Countries |
| Key Market Segments Covered | Product Type, Material Type, Packaging Type, Region |
| Key Companies Profiled | DS Smith Plc.; Smurfit Kappa Group Plc.; UFP Technologies Inc.; Sealed Air Corporation; Achilles Corporation; Desco Industries Inc.; Botron Company Inc.; Kiva Container Corporation; Orlando Products Inc.; Delphon Industries LLC; Summit Container Corporation; Protective Packaging Corporation; Dou Yee Enterprises (S) Pte Ltd.; Dordan Manufacturing Company Inc.; GWP Group Limited; Pure-Stat Engineered Technologies Inc.; AUER Packaging GmbH; Emballages Cre-O-Pack International Inc.; Universal Protective Packaging Inc. |
| Pricing | Available upon Request |
The market is projected to secure a valuation of USD 1,944.9 million in 2023.
The market rose at a 3.5% CAGR from 2018 to 2022.
The market is expected to develop at a 4.1% CAGR until 2033.
The global market size is estimated to be worth USD 2,906.73 million by 2033.
North America is expected to reach a valuation of USD 672.1 million in 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.3.1. Testing & Measuring Equipment 5.3.2. Process Control Equipment 5.3.3. Industrial Controls 5.3.4. Power Electronics 5.3.5. Industrial Automation Equipment 5.3.6. Other Product Types 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type 6.3.1. Plastic 6.3.1.1. PE 6.3.1.2. PET 6.3.1.3. PS 6.3.1.4. PP 6.3.1.5. PVC 6.3.2. Paper & Paperboard 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Packaging Type 7.3.1. Rigid 7.3.1.1. Corrugated Boxes 7.3.1.2. Containers 7.3.1.3. Protective Packs 7.3.1.4. Trays 7.3.1.5. Clamshells 7.3.1.6. Bin & Totes 7.3.1.7. Others 7.3.2. Flexible 7.3.2.1. Bags & Pouches 7.3.2.2. Tapes & Labels 7.3.2.3. Films 7.3.2.4. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1.1. DS Smith Plc. 16.1.2. Smurfit Kappa Group Plc. 16.1.3. UFP Technologies Inc. 16.1.4. Sealed Air Corporation 16.1.5. Achilles Corporation 16.1.6. Desco Industries Inc. 16.1.7. Botron Company Inc. 16.1.8. Kiva Container Corporation 16.1.9. Orlando Products Inc. 16.1.10. Delphon Industries LLC 16.1.11. Summit Container Corporation 16.1.12. Protective Packaging Corporation 16.1.13. Dou Yee Enterprises (S) Pte Ltd. 16.1.14. Dordan Manufacturing Company Inc. 16.1.15. GWP Group Limited 16.1.16. Pure-Stat Engineered Technologies Inc. 16.1.17. AUER Packaging GmbH 16.1.18. Emballages Cre-O-Pack International Inc. 16.1.19. Universal Protective Packaging Inc. 17. Assumptions & Acronyms Used 18. Research Methodology
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Industrial Electronics Packaging Market
