A new research study titled, “Mobile Phone Accessories Packaging Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)” has been added to the repository of Market Research Reports Search Engine (MRRSE). According to the report, the global mobile phone accessories packaging market is likely to grow at 6.5% CAGR through 2027, and reach a valuation of US$ 5.57 Bn.
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The report studies the global mobile phone accessories packaging market in detail, and offers a holistic and comprehensive analysis on the key factors that are likely to fuel demand. According to the report, surging sales of smartphones in developing countries is one of the key factors driving demand for mobile phone accessories packaging. Growing awareness on the various types of accessories available in the market, combined with easy availability through online channels is also driving growth. These factors are likely to promote the growth of mobile phone accessories packaging market during the assessment period.
The research study also offers in-depth analysis on the key challenges faced by manufacturers in mobile phone accessories packaging market. According to the research study, presence of a high number of unorganized players continues to be a challenge for unorganized and multinational brands. Sales of mobile accessories without any packaging in the unorganized retail space is another key challenge for market participants.
The research study has segmented the market on the basis of packaging type, application, material type, and region. By packaging type, folding cartons are likely to remain the largest segment, and account for nearly 31% revenue share of the market by 2027. The folding carton segment is likely to grow at 6.3% CAGR in terms of volume during the assessment period.
The research study also offers analysis on the basis of application and finds that demand for packaging in chargers is substantial. The chargers segment is likely to grow at a CAGR of 6.4% during the assessment period.
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Mobile phone accessories packaging manufacturers continue to use a variety of materials to manufacture mobile phone accessories. The demand for plastics is likely to remain robust among mobile phone accessories packaging manufacturers, owing to easy availability and low price. However, regulations concerning the use of plastics can push demand for other materials.
Asia Pacific excluding Japan continues to be one of the leading markets for mobile phone accessories packaging, both in terms of production and demand. The region is home to a number of manufacturing hubs, and it is highly likely that demand will remain robust during the assessment period. China and India are likely to be the key markets for mobile phone accessories packaging during the assessment period.
The research study also includes a detailed analysis on the key product and business strategies. Some of the key market participants include Smurfit Kappa Group, Sonoco Products Company, Dordan Manufacturing Co., Hip Lik Packaging Products Corp India Private Limited, and Panic Plastics, Inc. In addition to these players, the report also profiles other key participants.
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