Mobile Phone Accessories Packaging Market Forecasts to 2030 - Global Analysis By Packaging Type, Material Type, Method, Sales Channel, Application and By Geography

According to Stratistics MRC, the Global Mobile Phone Accessories Packaging Market is accounted for $3.6 billion in 2023 and is expected to reach $6.0 billion by 2030 growing at a CAGR of 7.4% during the forecast period. Mobile Phone Accessories Packaging are additional items or devices that are designed to complement and enhance the functionality, protection, and aesthetics of mobile phones. These accessories are essential for improving the overall user experience and often serve practical purposes, such as extending battery life, providing protection, or improving the phone's usability. They are intended to complement the user experience by offering added convenience, customization options, and safeguarding the device from damage.

According to the European Bioplastics Association, in 2020, global production capacities of bioplastics accounted for about 2.11 million tons with almost 47% (approx. 1 million tons) of the volume destined for the packaging market.

Market Dynamics:

Driver:

Increasing demand for smartphones

The demand for the market is dependent on the demand for smartphones, which provide reliable connectivity to the digital world. This demand is fueled by the increasing standard of living, economic growth, and the entertainment factor associated with smartphones. The demand for smartphones has also paved the way for instant connections between people all over the world through various communication channels and applications. Additionally, the increased standard of living and economic growth has led to massive growth in the sales of smartphones, consequently driving the demand for the market.

Restraint:

Lack of brand awareness

The lack of brand awareness in the market can have detrimental effects on businesses. It leads to limited market reach, making it challenging to connect with a broader audience and resulting in missed sales opportunities. Additionally, without a strong brand presence, businesses struggle to differentiate their products, leading to a lack of brand loyalty and increased price sensitivity among consumers. Ultimately, the absence of brand awareness in the market can hinder growth, limit market penetration.

Opportunity:

Rising popularity of wireless accessories

The shift towards wireless accessories has the potential to promote environmental sustainability by reducing the consumption of disposable materials. It has significantly enhanced user convenience by eliminating the constraints of wired connections, providing greater freedom of movement. The growing demand for wireless accessories has stimulated significant technological advancements, leading to the creation of more efficient and advanced products. Moreover, this trend has contributed to the expansion of the market.

Threat:

Fluctuating raw material prices

Increased raw material costs raise production expenses, potentially leading to higher consumer prices and reduced demand. This can impact market competition, as smaller companies may struggle to compete with larger firms that have more financial stability. It disrupts supply chains as manufacturers struggle to anticipate and mitigate cost changes, leading to production delays and inefficiencies. Overall, the volatility of raw material prices poses significant challenges to the market, affecting various aspects from supply chains to consumer demand and innovation.

Covid-19 Impact:

The pandemic led to a shift in consumer buying patterns, with an increased preference for online shopping, particularly for essential and durable mobile accessories. While the demand for mobile accessories remained relatively stable due to the essential nature of these products, there were disruptions in the supply chain and changes in consumer behaviour. Overall, the market experienced fluctuations in demand and supply, with online sales gaining prominence and certain product categories witnessing growth while others faced cooling trends.

The rigid boxes segment is expected to be the largest during the forecast period

The rigid boxes segment is expected to be the largest during the forecast period fueled by the rising need for secure packaging of smartphone accessories. The extension of devices shelf lives and sturdy protection are also contributing factors. Notable innovations such as lightweight mono-material folding cartons and clear view boxes with graphics are driving the market. The escalating prevalence of online shopping for smartphones and accessories, coupled with the introduction of 5G networks, is expected to generate fresh opportunities for business expansion.

The plastics segment is expected to have the highest CAGR during the forecast period

The plastics segment is expected to have the highest CAGR during the forecast period. Plastics are extensively used in the production of phone cases, screen protectors, and other accessories due to their durability, lightweight nature, and versatility. With the constant demand for new and innovative phone accessories, the plastic market continues to thrive as manufacturers develop new designs and features. As the mobile phone industry evolves with new models and advancements, the demand for plastic-based accessories also grows.

Region with largest share:

North America is projected to hold the largest market share during the forecast period due to the presence of premium smartphone brands and their associated accessories. The region's market is characterized by a wide range of accessories such as headphones, chargers, protective cases, power banks, and more. With the increasing demand for wireless devices and the availability of accessories through various distribution channels, the market is expected to witness steady growth.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period driven by the region's vast population and growing smartphone adoption. With a strong affinity for mobile technology and increasing disposable incomes, countries present a substantial market for accessories. Moreover, the rise of e-commerce platforms has facilitated easy access to a wide variety of mobile accessories, further fueling market growth. Additionally, the increasing adoption of 5G technology is expected to benefit the industry as accessories reliant on high-speed connections gain popularity.

Key players in the market

Some of the key players in Mobile Phone Accessories Packaging market include Dordan Manufacturing Co., Sonoco Products Company, All About Packaging, Inc., Transparent Packaging Inc., Smurfit Kappa Group, Dongguan Zhongyin Paper Co., Ltd., Mister Blister Ltd., Universal Protective Packaging Inc., Jiajiexing Group Company Limited, Panic Plastics, Inc., Display Pack, Inc, Hip Lik Packaging Products Corp India Private Limited, Key Packaging Co. Inc., Envision packaging Inc., Kinyi technology limited, Suzhou Yuanlong Plastic Products Co., Ltd., Shenzhen Kitly Industry Limited Company, Blisterpak Inc., Leyeah Packaging Design Co., Ltd. and Xinchangyuan Paper Packaging Co.

Key Developments:

In September 2023, Sonoco Products Company announced the completion of its acquisition of the remaining equity interest in RTS Packaging, LLC ("RTS") from joint venture partner WestRock and one WestRock paper mill in Chattanooga, Tennessee.

In April 2023, Sonoco announced that the high barrier paper-based structure, EnviroFlex(R) Paper Ultimate (ULT) 1.0, has received How2Recycle(R) pre-qualification and has met all requirements of the Fibre Box Association's Voluntary Standard for Repulping and Recycling.

Packaging Types Covered:

• Folding Cartons
• Thermoformed Blisters
• Rigid Boxes
• Insert Trays
• Flexible Films
• Other Packaging Types

Material Types Covered:

• Plastics
• Molded Fiber
• Paperboard
• Other Material Types

Methods Covered:

• Flexography
• Digital Printing
• Offset Printing
• Other Methods

Sales Channels Covered:

• Distributor
• Direct Sales

Applications Covered:

• Chargers
• Memory Cards
• Batteries
• Protective Covers
• Headsets
• Protective Covers
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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