The global mobile phone accessories packaging market size is anticipated to reach USD 132.9 billion by 2028, expanding at a CAGR of 6.6% during the forecast period, 2021- 2028. The growth of the market is attributed to increasing demand for smartphones across the globe.
Rising use of mobile phones and related accessories has substantially increased the demand for mobile phone accessories packaging. The requirement for aesthetic and tamper evident packaging in order to ensure safe delivery has grown robustly in recent years. The development of sustainable mobile phone accessories packaging solutions has further catalyzed the growth of the market.
Growing trend of using various mobile phone accessories such as chargers, headphones, and wireless earphones has persist the demand for packaging across the globe.
Market Drivers, Restraints, Trends, and Opportunities
- Rising disposable income is one of the major factors driving the growth of the market.
- Rapid urbanization and rising demand for consumer electronics are expected to spur the market growth.
- Poor economic conditions due to the COVID-19 pandemic and lack of awareness can hamper the growth of the market.
- Strong demand for advanced mobile phone accessories such as premium headphone, power banks and battery cases is speculated to positively influence the growth of the market.
Global Mobile Phone Accessories Packaging Market Segment Insights
Pouches and Bags segment to hold a large market share
Based on types, the market is segmented into folding cartons, clear view boxes, pouches & bags, clamshells, blister packs, and trays. The pouches and bags segment to account for a large market share during the forecast period. Increasing use of pouches and bags for keeping smartphones, chargers, batteries, power banks, and power banks is driving the segment growth. Manufacturing companies are increasing their inclination toward recyclable plastics in order to comply with various environment protection rules and regulations.
Charging segment to acquire a large market share
Based on applications, the market is segregated into headsets, chargers, protective covers, screen protectors, power banks, batteries, portable speakers, memory cards, and others. The chargers segment is anticipated to capture a large market share during the forecast period. Rising adoption of mobile phones has further increased the demand for chargers. Conversely, the portable speakers is anticipated to exhibit a high CAGR owing to increasing sales of the product in emerging economies
The market in Asia Pacific is projected to exhibit a robust CAGR
In terms of regions, the market is divided into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. The market in Asia Pacific is projected to offer lucrative opportunity for mobile phone accessories packaging manufacturers. This is owing to the rising penetration of smartphones and rising disposable income. Moreover, low cost production in emerging economies such as India and China is driving the regional market growth.
Compititive Landscape
Some of the leading manufacturers in the global mobile phone accessories packaging market are Smurfit Kappa Group, 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., Key Packaging Co. Inc., Envision packaging Inc., Kinyi technology limited, Blisterpak Inc., Leyeah Packaging Design Co., Ltd., Suzhou Yuanlong Plastic Products Co., Ltd., Shenzhen Kitly Industry Limited Company.
The key manufacturers of mobile phone accessories packaging are engaging in R&D activities and product innovations in order to make their leverage market position.
Companies are focusing on sustainable development of mobile phone accessories packaging by using paper and bio-plastic such as PLA.
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