Posted By Coherent Market Insights
Posted on October 11, 2021
The Global Mobile Phones Packaging Market size was estimated at USD 7,923.95 Million in 2020 and expected to reach USD 8,399.59 Million in 2021, at a Compound Annual Growth Rate (CAGR) 6.34% to reach USD 11,458.99 Million by 2026.
Phone packaging essential to ensure protection against external damage and harm. Considering the high prices of mobile phones and its fragility, a secured packaging is a priority for transporting them from manufacturing locations to the retail stores. Packaging protects the mobile phones and their components while they are shipped or stored in distributor warehouses. Increasing demand for mobile phones globally is a major factor responsible for driving growth of the global mobile phone packaging market.
A detailed report on Global Mobile Phone Packaging Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Mobile Phone Packaging market: Graphics Private Limited (AGPL), Pragati Pack (India) Pvt. Ltd, UFP Technologies, Plastic Ingenuity Inc., Cellpaks Solutions Ltd., Koohing International Development (HK) Limited, Guangxhou Junye Packaging Co. Ltd., Dongguan City Luheng Papers Company Ltd., and Hip Lik Packaging Products Fty. Ltd.
Regional Analysis For Mobile Phone Packaging Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Mobile Phone Packaging market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Asia Pacific is expected to be a dominant region in the global mobile phone packaging market. The increasing number of mobile phone users in India and China are expected to drive the demand for mobile phone packaging in the Asia Pacific. The Department of Telecommunications India, in 2017, reported that around 92.03 of every 100 citizens use cellphones in India. The increasing population in India and China has seen an unprecedented demand for mobile phones. The emergence of local mobile phone manufacturers in these countries in tur, is expected to augment growth of the market during the forecast period.
Mobile Phone Packaging Market: Key Developments
- In Feb 2019, Any Graphics Private Limited made a purchase of its fully automatic rigid box manufacturing machine from Hongming. The company has made with purchase with the objective of increasing its production capacity to 120,000 boxes per day.
- In October 2018, UFP Technologies exhibited at Pack Expo International in Chicago. The company displayed a wide variety of packaging solutions used for mobile phone packaging, which were made for 100% recycled paper.
- In Feb 2018, Plastic Ingenuity Inc. focused on the adoption of the packaging processes which are making substantive use of the automation processes for ensuring smooth and highly efficient operations.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Mobile Phone Packaging market Strengthening Demand For Effective Drives market appeared first on Gatorledger.
The Global Mobile Phones Packaging Market size was estimated at USD 7,923.95 Million in 2020 and expected to reach USD 8,399.59 Million in 2021, at a Compound Annual Growth Rate (CAGR) 6.34% to reach USD 11,458.99 Million by 2026.
Phone packaging essential to ensure protection against external damage and harm. Considering the high prices of mobile phones and its fragility, a secured packaging is a priority for transporting them from manufacturing locations to the retail stores. Packaging protects the mobile phones and their components while they are shipped or stored in distributor warehouses. Increasing demand for mobile phones globally is a major factor responsible for driving growth of the global mobile phone packaging market.
A detailed report on Global Mobile Phone Packaging Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Mobile Phone Packaging market: Graphics Private Limited (AGPL), Pragati Pack (India) Pvt. Ltd, UFP Technologies, Plastic Ingenuity Inc., Cellpaks Solutions Ltd., Koohing International Development (HK) Limited, Guangxhou Junye Packaging Co. Ltd., Dongguan City Luheng Papers Company Ltd., and Hip Lik Packaging Products Fty. Ltd.
Regional Analysis For Mobile Phone Packaging Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Mobile Phone Packaging market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Asia Pacific is expected to be a dominant region in the global mobile phone packaging market. The increasing number of mobile phone users in India and China are expected to drive the demand for mobile phone packaging in the Asia Pacific. The Department of Telecommunications India, in 2017, reported that around 92.03 of every 100 citizens use cellphones in India. The increasing population in India and China has seen an unprecedented demand for mobile phones. The emergence of local mobile phone manufacturers in these countries in tur, is expected to augment growth of the market during the forecast period.
Mobile Phone Packaging Market: Key Developments
- In Feb 2019, Any Graphics Private Limited made a purchase of its fully automatic rigid box manufacturing machine from Hongming. The company has made with purchase with the objective of increasing its production capacity to 120,000 boxes per day.
- In October 2018, UFP Technologies exhibited at Pack Expo International in Chicago. The company displayed a wide variety of packaging solutions used for mobile phone packaging, which were made for 100% recycled paper.
- In Feb 2018, Plastic Ingenuity Inc. focused on the adoption of the packaging processes which are making substantive use of the automation processes for ensuring smooth and highly efficient operations.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Mobile Phone Packaging market Strengthening Demand For Effective Drives market appeared first on Gatorledger.
