2021 Global Growth Overview of Electronic Goods Packaging Market Mar-2017

Global Electronic Goods Packaging Market 2017-2021
The Electronic Goods Packaging market report contains a comprehensive market and vendor landscape
in addition to a SWOT analysis of the key vendors for 2017-2021. The following companies are the 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.
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Market Trend
One trend in electronic goods packaging market is demand for innovative lightweight materials. Supply
chain efficiency in terms of reduced cost and effective storage are critical to the vendors in the market.
Lightweight packaging offers both, thus gaining traction in the market. Vendors are providing high-
performance, lightweight corrugated, and containerboard grades because of cost reduction, better
performance, and environmental concerns.
Market Driver
One driver in electronic goods packaging 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. The increase in capacity will allow vendors to meet the demand for packaging and also
reach out to emerging markets.
Market Challenge
One challenge in electronic goods packaging 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. 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.
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