Nearly 3.5% annual growth is expected in the volume consumption of industrial electronics packaging solutions, in 2019. As indicated by a new market research study of Future Market Insights (FMI), nearly 70% of the demand for industrial electronics packaging is generated by industrial controls and power electronics.
More than 90% of the overall industrial electronics packaging solutions are in the rigid format. Flexible packaging formats, although rapidly gaining ground across industries, holds a negligible share in packaging of industrial electronics.
Material-wise, plastics currently hold nearly 60% share in industrial electronics packaging materials and are likely to retain dominance in the global industrial electronics packaging market. The report opines that polyethylene (PE) will remain the most rewarding segment in the industrial electronics packaging market, followed by polyvinyl chloride (PVC), according to the report.
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Asian Economies Hold Promising Investment Opportunities for Industrial Electronics Packaging Companies
North America is estimated to be the most prominent industrial electronics packaging market, the report also points to the robust growth in East Asia’s market attractiveness over the years to come. The East Asian market for industrial electronics packaging will thus remain a significant regional contender in the industrial electronics packaging landscape, according to FMI’s analysis.
In East Asia, Japan holds more than 50% of the market share, followed by China. South Asia is also cited as a highly lucrative investment pocket for manufacturers of industrial electronics packaging solutions, potentially outpacing other regional markets in terms of growth rate. Growth of South and East Asian market is attributed to robust manufacturing of consumer electronics and swelling demand for impact-resistant protective packaging solutions.
Europe is another prominent market for industrial electronics packaging, more than 60% of which is accounted by Germany. The country will continue to spearhead European market owing to towering rate of production of semiconductor components and equipment.
Preview Analysis of Industrial Electronics Packaging Market is segmented by (Product Type – testing & measuring equipment, process control equipment, industrial controls, power electronics, industrial automation equipment & others; Material Type – plastic and paper & paperboard; Packaging Type – rigid & flexible;) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2029: https://www.futuremarketinsights.com/reports/industrial-electronics-packaging-market
Europe & the US Account for a Massive Share in Global Production of Industrial Electronics
Manufacturers of industrial electronics packaging are eyeing business expansion across countries with high consumer electronics production, as an effort to strengthen their foothold in the global industrial electronics packaging market. Leading manufacturers of industrial electronics packaging are either based out of the US or Europe, or have a strong presence in these regions, as both the markets hold a collective share of more than 60% in the global production of industrial electronics.
Some of the key players that have been profiled in FMI’s report on the industrial electronics packaging market include DS Smith Plc., Smurfit Kappa Group Plc., UFP Technologies, Inc., Sealed Air Corporation, Achilles Corporation, Desco Industries Inc., Botron Company Inc., Kiva Container Corporation, Orlando Products Inc., Delphon Industries, LLC, Summit Container Corporation, Protective Packaging Corporation, Dou Yee Enterprises (S) Pte Ltd., Dordan Manufacturing Company, Inc., GWP Group Limited, Pure-Stat Engineered Technologies, Inc., AUER Packaging GmbH, Emballages Cre-O-Pack International Inc., and Universal Protective Packaging, Inc., among others.
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Key Segment
By Product Type
- Testing & Measuring Equipment
- Process Control Equipment
- Industrial Controls
- Power Electronics
- Industrial Automation Equipment
- Others
By Material
- Plastic
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- Polystyrene (PS)
- Poly Vinyl chloride (PVC)
- Paper & Paperboard
By Packaging Type
- Rigid
- Corrugated boxes
- containers & shippers
- Protective packaging
- Trays
- Clamshells
- Bins & totes
- Others
- Flexible
- Bags & Pouches
- Tapes & Labels
- Films & Others
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
Product Synopsis
This report provides a forecast analysis of the global industrial electronics packaging market. It provides historical data of 2014-2018 and forecast from 2019-2029 in terms of market revenue (US$ Mn) and volume (tonnes).
The report on the industrial electronics packaging market includes market outlook and macroeconomic indicators on the packaging industry, ESD packaging industry, and the global rigid packaging industry, among others. Moreover, it also includes market dynamics such as drivers, recent trends, restraints, and opportunities associated with the industrial electronics packaging market. The report includes a study of the market prospects for the manufacturers of industrial electronics packaging, and comprises an exhaustive value chain analysis.