Future Market Insights’ revamped report on the mobile phone accessories packaging ecosystem highlights various opportunities and growth spots for the coming decade. As per the analysis, the mobile phone accessories packaging market is set to account for a current valuation of USD 3.6 billion in 2024.
Reflecting on consumers’ expectations, mobile phone accessories packaging producers work on simpler labels with understandable ingredients, reinforcing continuous demand. Going by this pattern, demand could rise and equate to a market valuation of USD 5.1 billion, with a sluggish CAGR of 3.2% by 2034.
| Attributes | Details |
|---|---|
| Market Value for 2024 | USD 3.6 billion |
| Market Value for 2034 | USD 5.1 billion |
| Market Forecast CAGR for 2024 to 2034 | 3.2% |
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In 2018, the global phone accessories packaging market showed a potential worth USD 3.1 billion, according to a report on mobile from Future Market Insights (FMI). The mobile phone accessories packaging market witnessed significant growth, registering a CAGR of 2.60% from 2018 to 2023.
| Historical CAGR | 2.60% |
|---|---|
| Forecast CAGR | 3.20% |
Headsets, chargers, and protective covers are widely sold in clear-view boxes and folding cartons. Mobile phone accessories packaging manufacturers make good opportunities as the expenditure on mobile phone accessories is boosting rapidly.
Consumers search for versatile and customized coverings with damage-proof shipping characteristics, resulting in a boom in demand for mobile phone accessories packaging, further keeping electronic accessories safe during shipments.
End-users address both sustainability and reduction of the weight of retail packaging. Paper-based packaging is hence gaining more popularity these days.
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Fast Changing Customer Demands and Technological Advancements
The market for mobile phone accessories is dynamically changing due to fast-changing customer demands and technological advancements. Trends like wireless charging, sophisticated camera attachments, and environmentally friendly materials are becoming highly popular as consumers look for their gadgets for more utility and personalization.
The market environment is changing due to the boom in popularity of smart accessories and the incorporation of cutting-edge technologies.
The below section shows the leading segment. Based on the packaging type, the folding cartons segment is accounted to hold a market share of 43.7% in 2024. Based on application, the chargers segment is accounted to hold a market share of 18.9% in 2024.
As environmental concerns escalate, consumers and businesses prioritize eco-friendly packaging options. With the continuous evolution of mobile devices and the introduction of new technologies, such as fast charging and wireless charging, there is an ascending demand for compatible chargers.
| Category | Market Share in 2024 |
|---|---|
| Folding Cartons | 43.7% |
| Chargers | 18.9% |
Based on the packaging type, the folding cartons segment stands out, capturing a significant market share of 43.7%. The folding cartons are made from lacquered cards to give the overall packaging a glossy finish.
These cards can be printed with different colors and images using different printing technologies. The inserts that hold the original product are made from a low-quality material, cheaper, and recyclable material.
Mobile phone packaging solutions are generally offered in a cuboidal shape to provide ease of transportability. These boxes can easily be stacked on shelves to use the available space efficiently.
Based on application, the chargers segment is accounted to hold a market share of 18.9% in 2024. The prominence of the segment is compelled by the universal need for chargers across various mobile devices, including smartphones, tablets, and wearables.
As consumers widely rely on mobile technology for communication, productivity, and entertainment, the demand for chargers remains robust, fueled by factors such as device proliferation, technological advancements, and the need for convenient charging solutions.
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The table describes the top five countries ranked by revenue, with India holding the top position.
India dominates the mobile phone accessories packaging market due to its vast manufacturing capabilities, which offer cost-effective solutions for global demand. India provides diverse packaging options that cater to varying needs with a skilled workforce and advanced production facilities, thus, ensuring competitiveness and prominence in the global market.
Forecast CAGRs from 2024 to 2034
| Countries | CAGR |
|---|---|
| United States | 2.3% |
| Germany | 2% |
| Japan | 2.6% |
| China | 5.7% |
| India | 6.5% |
Electronics manufacturing is one of the leading economic outputs of the United States. Innovation will resume to push the consumer electronics market by attracting consumers from early adopters to the masses. The market uplifts customer expectations due to its propensity for spending on new technology. Mobile phone accessories packaging manufacturers may have a good opportunity in the United States market.
In Germany, the mobile phone accessories packaging market primarily caters to the tech-savvy population and the robust mobile device industry of the country. Consumers prioritize quality and durability, leading to packaging solutions emphasizing protection and presentation.
Germany is a hub for innovation and design. Packaging in this market often reflects sleek and minimalist aesthetics, aligning with the preference for sophisticated and modern packaging designs for the country.
In Japan, the market caters to a tech-driven society known for its high adoption rate of the latest mobile technologies. Packaging here focuses on blending functionality with aesthetic appeal, often featuring innovative designs and compact forms to align with the consumers' preferences for efficiency and space-saving solutions.
Packaging in Japan emphasizes attention to detail and precision, reflecting the commitment to quality and craftsmanship in all aspects of product presentation in the country.
China exports approximately 80% of the global consumer electronics to the rest of the countries. The demand for mobile phone accessories packaging is expected to remain high globally due to a boom in exports and developments of mobile phone accessories packaging in the country.
Selling number of online retailers and the strong presence of multi-brand stores are further expected to impact the sales of mobile phone accessories in India. The market has thus offered many manufacturers the push to establish a strong base in the current marketplace.
Many mobile phone accessories packaging manufacturers are into extensive research and product innovations to make their products stand out. Big players such as Smurfit Kappa Group and Sonoco Products are setting a competitive edge in the mobile phone accessories packaging market.
Some of the key developments
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 3.6 billion |
| Projected Market Valuation in 2034 | USD 5.1 billion |
| Value-based CAGR 2024 to 2034 | 3.2% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2018 to 2023 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
| Key Market Segments Covered | Packaging Type, Application, Material Type, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Sonoco Products 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. |
As of 2024, the market for mobile phone accessories packaging is expected to be valued at USD 3.6 billion.
The mobile phone accessories packaging market is projected to expand at a CAGR of 3.2% between 2024 and 2034.
The folding cartons segment is projected to dominate the industry.
By 2034, the market value of mobile phone accessories packaging is expected to reach USD 5.1 billion.
India is likely the top-performing market, with a CAGR of 6.5%.
| Estimated Size, 2024 | USD 10,551.6 million |
|---|---|
| Projected Size, 2034 | USD 16,628.8 million |
| Value-based CAGR (2024 to 2034) | 4.7% |
| Market Size, 2024 | USD 104,498.2 million |
|---|---|
| Market Size, 2034 | USD 196,142.9 million |
| Value CAGR (2024 to 2034) | 6.5% |
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