Electronics Packaging Market Size, Share and Industry Analysis By Material (Plastic, Paper & Paperboard, and Others), By Product Type (Boxes, Films & Wraps, Bags & Pouches, Trays, and Others), By End-use Industry (Aerospace & Defense, Automotive, Consumer Electronics, and Others), and Regional Forecast, 2024-2032

Electronic packaging protects the product from damage during transit and shipment. The increasing demand for digital devices is increasing the production of electronic products as electronic devices have become a part and parcel of life, boosting market growth. Sales through e-commerce platforms have increased the demand for rigid boxes. Several e-commerce companies aim to increase their use of sustainable packaging solutions such as paper-based packaging to decrease plastic waste. Sustainable and eco-friendly packaging is catching up in the electronic industry and better designs are employed to strengthen packaging. The rise in industrial electronic products is anticipated to propel the demand for electronic packaging for devices such as laptops, tablets, and smartphones, boosting market growth.

• For instance, in September 2022, KLA launched new advanced semiconductor packaging techniques. The new tools include the Kronos 1190 water-level packaging inspection system, the ICOS T3/T7, and the ICOS F160XP series. The system would allow customers to advance semiconductor device fabrication at the packaging stage.

The packaging industry has transformed drastically over the years and the industrial electronic packaging market has seen substantial growth as the demand for electronics is rising. The printing on packaging boxes gives a sense of recognition and credibility to the manufacturer. Customized printing has emerged as one of the ways of brand marketing. The printability of packaging is expected to be an essential aspect of the rise of popularity of the electronic packaging market.

The initial high cost of electronic packaging for military-grade packaging in the aerospace and defense sector hinders market growth. Plastic recyclability is an issue associated with plastic packaging products, which is anticipated to restrict the market growth. Additionally, plastic paper packaging is difficult to recycle, negatively impacting the environment. Fluctuating raw materials prices used for packaging are also expected to limit the market growth.

The COVID-19 pandemic negatively impacted the electronics packaging market. The strict lockdowns across all countries, as well as the shutdown of public places, affected the initial demand for electronic devices. Offices across the globe started working from home and schools started to operate online, which significantly increased the demand for electronic devices. After the pandemic, the increase in the consumption of laptops and other devices remained high and is expected to rise during the forecast period.

KEY INSIGHTS

The report covers the following key insights:

• Recent Advancements in the Electronics Packaging Market


• Key Industry Trends


• Regulatory Landscape for the Electronics Packaging Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

SEGMENTATION

ANALYSIS BY MATERIAL

Based on material, the market is segmented into plastic, paper & paperboard, and others. The plastic segment holds the largest share in the electronics packaging market. Plastic is easy to fold and it has firm strength, which makes the material strong and long-lasting. The material provides high shock absorption and higher thermal and structural stability, making it an ideal packaging material for electronic packaging.

ANALYSIS BY PRODUCT TYPE

Based on product type, the market is segmented into boxes, films & wraps, bags & pouches, trays, and others. The boxes segment holds the largest share in the electronics packaging market. The multilayer structural design keeps goods safe during transportation and handling and provides moisture protection. Boxes are cost-effective and lightweight. They are easy to customize, which makes them attractive display boxes in specific settings, and paper material is easy to recycle, boosting segment growth.

ANALYSIS BY END-USE INDUSTRY

Based on end-use industry, the market is segmented into aerospace & defense, automotive, consumer electronics, and others. The consumer electronics segment holds the largest share in the end-use industry segment of the electronics packaging market. An increase in the adoption of product safety standards in consumer electronic devices is boosting the segment growth. The high adoption of electronic devices such as digital cameras, TVs, and smartphones is contributing to the growth of the electronic packaging market.

REGIONAL ANALYSIS

The electronics packaging market has been studied across North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. Asia Pacific holds the largest regional market share owing to numerous electronic packaging manufacturers offering electronic packaging material and technology, such as Samsung Electronics and Taiwan Semiconductor Manufacturing Co. Ltd., boosting the region's growth.  

North America holds the second largest share as the demand for high-end electronic goods is increasing, which creates a large customer base for the consumer electronics market. A rise in the number of electronics shops and supermarkets in the retail sector is anticipated to drive the regional growth.  Europe is expected to register significant growth in the region. The consumption of electronic packaging is increasing as the demand for safe transportation and storage is increasing. The growing demand for sustainable electronics packaging due to the rising environmental concerns will further boost the region's growth.

Latin America is anticipated to grow moderately due to the size of electronics devices becoming more precise and complicated. The increasing demand for moisture-proof and other packaging solutions is propelling the regional growth. The Middle East & Africa market is expected to record stable growth owing to the growth of e-commerce and courier as well as delivery services for electronics items and the increasing demand for paper-based packaging products, which are boosting the regional growth.

KEY PLAYERS COVERED

The report includes the profiles of key players such as Berry Global, Inc., AMETEK, Dordan Manufacturing, Inc., GY Packaging, Plastiform Packaging, Inc., Sonoco, UFP Technologies, Primex Plastics Corporation, DS Smith, and Smurfit Kappa.

KEY INDUSTRY DEVELOPMENTS

• In September 2023, SCHOTT launched lightweight microelectronic packages for aerospace. The company’s new hermetic packages weigh up to two-thirds less than conventional microelectronic packages made of Kovar. The packaging is made from aluminum and it is designed to protect against the harsh conditions of aviation and space.


• In August 2023, Ericsson introduced new packaging material that drives sustainability improvements in the supply chain with plastic-free packaging. The new packaging for Ericsson Remote Radio Products is fully recyclable and reduces total plastic content from 20% to less than 1%.


• In March 2023, Electrolux Group launched new, more sustainable packaging to reduce the environmental impact, a paper-based packaging with 70% less ink. The new packaging is being used for AEG small appliances and Electrolux.


• In January 2019, Samsung Electronics replaced plastic packaging with paper and other environmentally sustainable materials. The company formed a task force involving design and development, marketing, purchasing, and quality control for innovative packaging ideas.