Lewes, DE -- (SBWIRE) -- 04/19/2017 -- Report forecast the global electronic goods packaging market to grow at a CAGR of 5.34% during the period 2017-2021.

Packaging for electronic products is used to protect fragile electronic products so that they remain undamaged in the event of contamination through external impact. Various raw materials such as corrugated, paper and paperboard, plastic resins, and other packaging materials are used in the production of packaging for electronic products. The packaging in the consumer electronic goods industry covers a wide range of products used for communication, entertainment, or business purposes. The packaging of these electronics involves two sub-segments: small appliances (cell phones and accessories) and large appliances (TVs and computers).

The report covers the present scenario and the growth prospects of the global electronic goods packaging market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of haircare products to individual consumers and salons.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one driver in market is increase in production capacity in the market. The increase in production capacity helps to meet the demand in the market, thus maintaining a stage of equilibrium or excess supply. The procurement managers in end-user industries can rest assured as an excess supply will lead to stable prices of corrugated packaging products. The production capacity of vendors can be measured in terms of production in tons. The market will experience a rapid increase in production capacity as vendors are adopting advanced methods of production. Many vendors such as WestRock, Georgia-Pacific, and Pratt are increasing their production capacity through the development of new production plants or the acquisition of existing players. The increase in capacity will allow vendors to meet the demand for packaging and also reach out to emerging markets.

Further, the report states that one challenge in market is rise in cost of raw materials. Volatility in the prices of raw materials and growing demand-supply disparity among suppliers and manufacturers are expected to hinder the market in the long term. The increase in the cost of raw materials such as kraft paper is a major challenge for the market. Kraft paper accounts for 75% of the total input cost in the manufacture of corrugated boxes; moreover, paper mills have increased the price of kraft paper by 15% since 2014, thereby increasing the cost of production. The market has also witnessed negative returns and vendors were unable to shift the rising cost to consumers. Hence, an increase in the cost of raw materials has led to reduced profit margins for vendors. In addition, the manufacturing of corrugated boxes requires capital-intensive machinery, which adds to the manufacturing costs. In response to the volatility in the prices of raw materials, several vendors in the market have increased the price of corrugated boxes.

Global Electronic Goods Packaging Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global electronic goods packaging market: DS Smith, International Paper, Mondi, Sealed Air, and Smurfit Kappa.

Other Prominent Vendors in the market are: Dunapack Packaging, Georgia Pacific, Graham Packaging, Pregis, Sonoco, Stora Enso, Unisource Worldwide, Universal Protective Packaging, and WestRock.

Market driver
- Increase in production capacity in the market.
- For a full, detailed list, view our report

Market challenge
- Pricing pressures for small companies.
- For a full, detailed list, view our report

Market trend
- Growing preference for sustainable packaging solutions.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 38 Exhibits "Global Electronic Goods Packaging Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by type of materials, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-electronic-goods-packaging-market-2017-2021

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