Published on : Aug 17, 2018
Albany, New York, August 17, 2018: A novel study, focusing on the rapidly expanding global market scenario of mobile phone accessories packaging has been publicized to the wide repository of Market Research Hub (MRH), with the title of “Mobile Phone Accessories Packaging Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”. This 259-page study offers a comprehensive evaluation of the market covering current market trends and future estimations until the end of 2027. Moreover, the geographical scenario of the market has been offered to the readers to understand market spread in major regions of the world. Prime regions underlined in the study include North America, Middle East and Africa, Asia Pacific, Latin America, and Europe. The market size and forecast for each of these regions has been provided for the period from 2016 to 2026.
In recent years, the boom in the smartphone industry and a growing trend of online shopping is supporting the rising demand for mobile phone accessories. Newer and smarter accessories available in the market are currently trending, and this is likely to continue in the coming years. This will directly boost the demand for mobile phone accessories packaging. Mobile phone accessories are typically packed in folding cartons and clear view boxes due to their characteristics to facilitate small volumes and customized printing. As per the study evaluations, global sales of mobile phone accessories packaging is estimated to be valued at US$ 2,967.2 Mn in 2017 and to reach US$ 5,571.3 Mn by 2027. Sales revenue is expected to expand at a steady CAGR of 6.5% during the forecast period 2017–2027.
On the basis of geography, the study finds that APEJ is the dominating regional market for mobile phone accessories packaging, accounting for an estimated market share of more than 50% in 2017 and is expected to witness an impressive gain of 600 BPS in 2027 over 2017. The growth in this region is primarily attributed to the factor of high production of mobile phones, smartphones and accessories at affordable prices. As the research proceeds, the market has been categorized on the basis of packaging type, application and material type. By packaging type, the study covers folding cartons, clamshells, pouches & bags, clear view boxes, blister packs and trays. On the basis of material type, the study covers plastic and paper & paperboard. Of these, the plastic segment is expected to reach US$ 4,753.3 Mn in terms of value by 2027.
Another vital section of the report is competitive landscape featuring some of the top companies, their products and business strategies, and their standing in the global market. At present, key players active in this market are Dongguan Zhongyin Paper Co., Ltd., Smurfit Kappa Group, Jiajiexing Group Company Limited, Sonoco Products Company, Universal Protective Packaging Inc, Dordan Manufacturing Co., Hip Lik Packaging Products Corp India Private Limited, Panic Plastics, Inc., Display Pack, Inc, Mister Blister Ltd., All About Packaging, Inc., Transparent Packaging Inc.
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