The electronic goods packaging industry plays a crucial role in ensuring the safe transportation and presentation of various electronic devices and products. In this blog post, we will delve into the latest statistics and trends shaping this dynamic industry. From consumer electronics to medical devices, the packaging of electronic goods not only protects the products but also influences consumer perception and brand positioning. Join us as we explore the key statistics that illuminate the significance of packaging in the world of electronic goods.
The Latest Electronic Goods Packaging Industry Statistics Explained
The global electronic goods packaging market size was valued at USD 15.71 billion in 2019.
The statistic indicates that the total market value of electronic goods packaging worldwide reached $15.71 billion in the year 2019. This figure represents the total amount of money spent on packaging solutions specifically designed for electronic goods across the global market during that year. The size of the market reflects the significant demand for packaging materials and solutions tailored to protect and present electronic products, such as computers, components, consumer electronics, and other devices. The value underscores the importance of efficient and effective packaging in the electronic goods industry to ensure product protection, transportation convenience, and market competitiveness.
The digital packaging and labeling industry would exceed USD 23.86 billion by 2024.
The statistic that the digital packaging and labeling industry is projected to surpass USD 23.86 billion by 2024 indicates a significant growth trend in this sector. This forecast suggests a substantial increase in the market size, reflecting the increasing adoption of digital technologies and automation in packaging and labeling processes. Factors contributing to this growth may include advancements in technology, such as smart packaging solutions and increased focus on sustainability and traceability in product packaging. The projected milestone highlights the potential opportunities and market demand for digital packaging and labeling solutions in the coming years, signaling a promising outlook for the industry.
Approximately 70% of total waste in electronic waste is packaging materials such as cardboard and plastic.
The statistic indicates that a significant portion, around 70%, of the total waste generated in the electronic waste sector consists of packaging materials like cardboard and plastic. This suggests that there is a notable amount of material being discarded that is not directly related to the electronic devices themselves but rather the packaging in which they are contained. This statistic highlights an opportunity for manufacturers and consumers to reduce waste generation by focusing on more sustainable packaging practices such as using biodegradable materials or implementing recycling programs. Addressing the issue of packaging waste in the electronic industry could contribute to reducing overall environmental impact and promoting a more circular economy approach.
The priority is given to flexible packaging with 68% of consumer electronics manufacturers.
This statistic indicates that among consumer electronics manufacturers, 68% of them prioritize flexible packaging for their products. Flexible packaging refers to packaging materials that are easily flexible and adaptable, such as plastic or paper that can be molded or folded. By choosing flexible packaging, these manufacturers may be seeking benefits such as cost-effectiveness, sustainability, or convenience in shipping and storage. This high percentage suggests that flexible packaging is a popular choice within the consumer electronics industry, possibly due to its versatile and practical nature in meeting the specific needs of this sector.
Electronic goods packaging sector is projected to grow at a CAGR of 5.21% during the period 2019-2024.
The statistic indicates that the electronic goods packaging sector is expected to experience a Compound Annual Growth Rate (CAGR) of 5.21% over the period spanning from 2019 to 2024. This means that, on average, the industry is anticipated to grow by 5.21% each year during this time frame. A CAGR provides a smoother representation of the growth trend compared to simple annual growth rates, as it factors in the compounding effect over the specified period. This projection suggests that the electronic goods packaging sector is likely to expand steadily over the next five years, reflecting potential opportunities and increasing demand within the industry.
Single-use and returnable plastic packaging usage in European electronics packaging industry is 30% and 9% respectively.
The statistic indicates that within the European electronics packaging industry, single-use plastic packaging is more commonly utilized compared to returnable plastic packaging, with a usage rate of 30% and 9% respectively. Single-use plastic packaging refers to containers or materials that are designed for one-time use before being disposed of, while returnable plastic packaging can be reused multiple times. The disparity in usage percentages suggests that there is a higher reliance on single-use plastics in the industry, potentially leading to increased waste generation and environmental impact. Encouraging the adoption of returnable plastic packaging practices could help reduce the industry’s overall plastic consumption and contribute to sustainability efforts.
Every year, approximately 500 million units of consumer electronics are packaged worldwide.
The statistic indicates that on a global scale, around 500 million units of consumer electronics are packaged annually. This figure suggests the extensive scale of consumption and demand for electronic devices such as smartphones, laptops, tablets, and other gadgets. The high volume of packaging reflects the significant role that consumer electronics play in people’s everyday lives, highlighting the widespread use and reliance on these products around the world. It also underscores the environmental impact of this level of consumption in terms of packaging waste and the need for sustainable practices in the electronics industry.
In 2019, North America held 24.3% of the global electronics packaging market share.
The statistic states that in 2019, North America accounted for 24.3% of the total market share of the global electronics packaging industry. This implies that nearly a quarter of all electronics packaging activities worldwide were concentrated in North America during that year. This metric provides insight into the regional distribution of the electronics packaging market, indicating that North America played a significant role in driving industry growth and innovation. It is essential for stakeholders in the electronics sector to consider such statistics to understand market dynamics, identify potential opportunities for expansion, and make informed strategic decisions to maximize their competitiveness in the global market.
The E-Commerce industry plays a vital role in the electronics packaging industry growth with up to 10% annual growth.
This statistic suggests that the E-Commerce industry significantly contributes to the growth of the electronics packaging industry, with an annual growth rate of up to 10%. This indicates that the increasing trend of online shopping and e-commerce transactions is driving the demand for electronic products, which, in turn, drives the need for effective and efficient packaging solutions. The growth in e-commerce is boosting the electronics packaging industry by creating opportunities for innovative packaging designs, sustainable materials, and improved logistics processes to meet the demands of online retail. Overall, the statistic emphasizes the interconnected relationship between the E-Commerce and electronics packaging industries, highlighting the importance of adapting to the changing market dynamics driven by digital commerce.
About 55% of electronic goods are returned due to poor or damaged packaging.
The statistic indicates that approximately 55% of electronic goods are returned because of poor or damaged packaging. This high percentage suggests a significant issue within the electronic goods industry regarding packaging quality. Poor or damaged packaging can potentially lead to product damage during shipping or handling, resulting in customer dissatisfaction and returns. Improving the quality of packaging materials and design could help reduce the number of returns, save costs for manufacturers and retailers, and enhance the overall customer experience in the electronic goods market.
Recycled content packaging solutions constitute up to 40-60% of the material used in packaging of electronic goods.
The statistic indicates that the packaging of electronic goods incorporates a significant percentage of recycled content, specifically ranging from 40% to 60% of the material used. This highlights a conscious effort by manufacturers and companies in the electronics industry to adopt more sustainable practices by utilizing recycled materials in their packaging solutions. By incorporating recycled content, these companies are reducing their environmental impact, conserving resources, and contributing to a more circular economy. This statistic underscores a positive trend towards more environmentally-friendly practices within the electronics sector, with a focus on reducing waste and promoting sustainability throughout the product lifecycle.
In 2018, Asia-Pacific accounted for 30.6% of the global electronic packaging market share.
The statistic indicates that in 2018, the Asia-Pacific region held a significant portion of the global electronic packaging market, specifically accounting for 30.6% of the market share. This suggests that a substantial amount of electronic packaging activities, such as the design, fabrication, and assembly of electronic components, took place in countries within the Asia-Pacific region during that year. The region’s strong presence in the electronic packaging market could be attributed to factors such as technological advancements, skilled labor force, and favorable manufacturing conditions. This statistic highlights the region’s importance in the global electronic packaging industry and underscores its role as a key player in the market.
Technological advancements in the e-goods packaging industry are expected to grow by 15% by 2025.
The statistic indicates that the technological advancements in the e-goods packaging industry are projected to increase by 15% by the year 2025. This growth suggests that there will be significant developments in the technologies used to package electronic goods, potentially leading to more efficient, eco-friendly, and innovative packaging solutions. The anticipated growth highlights the industry’s commitment to keeping pace with evolving consumer demands and environmental considerations, which is crucial in the increasingly competitive and sustainability-focused market landscape. A 15% growth also suggests that companies in the e-goods packaging sector are investing in research and development to stay competitive and enhance their capabilities in providing cutting-edge packaging solutions for electronic products.
Sustainability is driving change in the packaging sector with the electronics packaging sector expected to reach an 8% CAGR by 2025.
This statistic indicates that sustainability considerations are significantly influencing the packaging sector, with a particular emphasis on electronic packaging. The statement suggests that the demand for sustainable packaging solutions within the electronics industry is expected to grow at a compound annual growth rate (CAGR) of 8% by the year 2025. This growth is reflective of the shift towards environmentally friendly practices and the increasing awareness among consumers and businesses regarding the importance of sustainable packaging choices. The projected CAGR highlights the industry’s commitment to aligning with sustainable practices and meeting the evolving needs of environmentally conscious consumers.
The South Korean electronics packaging market was estimated at USD 672.5 million in 2019.
The statistic indicates that the total value of the South Korean electronics packaging market in 2019 was estimated to be USD 672.5 million. This figure represents the overall size of the market in terms of the amount of money generated from the sale of electronics packaging products in South Korea during that year. The value reflects the revenue generated by companies involved in manufacturing and selling electronics packaging materials and solutions in the country. The statistic provides valuable insight into the economic significance of the electronics packaging industry within the South Korean market, highlighting its contribution to the overall economy and indicating potential opportunities for growth and development in this sector.
The global electronic packaging material market was valued at USD 1.12 billion in 2020 and is expected to reach USD 1.79 billion by 2026.
This statistic indicates that the global electronic packaging material market experienced a value of USD 1.12 billion in 2020 and is projected to grow to USD 1.79 billion by 2026. This 6-year forecast suggests a significant increase in market size, signaling potential opportunities for growth and investment in electronic packaging materials. Factors such as technological advancements, increasing demand for electronic devices, and expanding applications in various industries may contribute to this anticipated market expansion. Companies operating within the electronic packaging material sector should pay attention to these trends and developments to capitalize on the expected market growth.
Conclusion
The statistics presented shed light on the trends and growth within the electronic goods packaging industry. With increasing demand for electronic products, the packaging sector is poised for continued expansion. Companies in this industry should stay informed on these statistics to make informed decisions and capitalize on new opportunities.
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