In recent years, cell phone manufacturers are increasingly recognizing the importance of packaging as part of their branding and marketing objectives. This, in turn, is compelling packaging companies to deliver packaging solutions that help their clients’ mobile brand stand out on retail shelves. According to a recent analysis, manufacturers are annually spending over $150 billion in product packaging globally, which as a result bolstering the mobile phone packaging market. Market Research Reports Research Engine (MRRSE) has recently published this latest research to its wide database, which is titled as “Mobile Phones Packaging Market - Global Industry Analysis and Forecast 2017-2027”. The study is a smart collection of data which offers a clear market overview and future evaluation considering major dynamics playing a significant role during the period of 2017-2027.
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As per the report key highlights, the global mobile phones packaging market is predicted to demonstrate a CAGR of 7.4% between 2017 and 2027. At this pace, the market is expected to become worth US$8,055.1 mn by 2027 from a value of US$3,715.3 mn in 2016. The primary growth driver of the global mobile phones packaging market is the packaging needs of mobile handsets, charger, USB cables, headphones, manual, and other complimentary accessories that are provided at the time of purchase of mobile phones.
The above findings have been presented in a vital section of the report which comprises qualitative analysis of the overall mobile packaging market considering the factors determining the market dynamics such as drivers, restraints and opportunities, along with Porter’s five force analysis. Moreover, in order to understand and assess opportunities in this market, the report is categorically divided into four key sections on the basis of packaging type, material type, application type and region. Geographically, the market has been analyzed by focusing on some prime regions such as North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The report further describes packaging type segments of the global mobile phones packaging market are rigid boxes, folding cartons, flexible films, insert trays, thermoformed blisters, and others. By material type, it includes paperboard, molded fiber and plastics. Major Applications are also mentioned which include smartphones, refurbished phones, feature phones and others. For each segment the research presents basis point share analysis and Y-o-Y growth projections. Another key factor stoking growth of the global mobile phones packaging market analyzed by the report is the rising demand for expensive rigid boxes instead of affordable boxes such as folding cartons.
Some of the players operating in the global mobile phones packaging market include Pragati Pack (India) Pvt. Ltd., Any Graphics Private Limited (AGPL), Koohing International Development (HK) Limited, Plastic Ingenuity, Inc., Dongguan City Luheng Papers Company Ltd., UFP Technologies, Inc., Cellpaks Solutions Ltd., Hip Lik Packaging Products Fty. Ltd. and Guangzhou Junye Packaging Co., Ltd.
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