Electronic Packaging Market Size (2024 - 2029)

The electronic packaging market is experiencing significant growth, driven by the increasing demand for consumer electronics and the adoption of advanced technologies in sectors such as automotive and IoT. The market's expansion is further fueled by the integration of sustainable practices in packaging designs, which influence consumer choices and enhance brand reputation. The digital revolution is also transforming packaging through the incorporation of interactive technologies, improving user engagement. Despite challenges posed by the pandemic, the market has shown resilience, with continued demand from the mobile and computer industries.

Market Size of Electronic Packaging Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Electronic Packaging Market Summary
Study Period 2024 - 2029
Market Size (2024) USD 20.75 Billion
Market Size (2029) USD 58.71 Billion
CAGR (2024 - 2029) 23.12 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Electronic Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Electronic Packaging Market Analysis

The Electronic Packaging Market size is estimated at USD 20.75 billion in 2024, and is expected to reach USD 58.71 billion by 2029, growing at a CAGR of 23.12% during the forecast period (2024-2029).

  • As demand surges for TVs, set-top boxes, MP3 players, and digital cameras, electronics packaging is increasingly favored for mass production. The rise of IoT and AI, coupled with the proliferation of intricate electronics, propels the high-end application segment within the consumer electronics and automotive industries. Consequently, to meet this burgeoning demand, advanced technologies for electronics packaging have been swiftly adopted.
  • Companies selling electronics are steadily weaving sustainability into their packaging designs, recognizing its pivotal role in shaping consumer choices. For example, tech giant Samsung has committed to integrating eco-friendly materials across its entire product line by 2025. This ambitious move encompasses a shift from conventional plastic packaging to biodegradable or recycled alternatives. Such initiatives not only resonate with eco-conscious consumers but also position the brand as a responsible frontrunner in a market increasingly attuned to environmental issues.
  • The digital age is reshaping packaging design. Modern consumer electronics packaging now boasts features like QR codes, augmented reality (AR) interfaces, and NFC (near-field communication) tags. These innovations are revolutionizing consumer interactions with packaging.
  • By blending physical packaging with digital experiences, these technologies amplify user engagement. For example, scanning a QR code on a package might lead consumers to a website showcasing detailed product specs, user reviews, or even immersive virtual reality demonstrations. Such capabilities underscore the growing importance of these technologies in the consumer electronics packaging market.
  • The automotive industry, particularly with its swift pivot toward electric and hybrid vehicles, plays a dominant role in the market landscape. Given the extensive use of memory devices, processors, analog circuits, and sensors in these vehicles, the demand for electronics packaging is poised for a significant uptick.
  • Forecasts from IBEF suggest that the Indian electric vehicles (EV) market could touch INR 50,000 crores (USD 7.09 billion) by 2025. Additionally, insights from a CEEW Centre for Energy Finance study indicate a whopping USD 206 billion opportunity for EVs in India by 2030. Such bullish projections are set to further fuel the electronics packaging market.
  • While the COVID-19 pandemic cast a shadow on many industries, electronics packaging solutions and consumer electronics packaging showed resilience. The mobile phone and computer industries primarily drive the demand for consumer electronics packaging. Despite challenges like production halts, raw material shortages, and supply chain disruptions, these industries' output remained relatively unscathed.

Electronic Packaging Industry Segmentation

Electronics packaging focuses on crafting protective casings and enclosures for electronic devices. These packages are engineered to endure high vibrations, extreme temperatures, and challenging environments. Beyond physical protection, they shield against electromagnetic and radio frequency interference, ensuring the integrity of electronic components during operations.

The electronics packaging market is segmented by material (plastic, metal, and glass), end-user industry (consumer electronics, aerospace and defense, automotive, and healthcare), and geography (North America (United States and Canada), Europe (United Kingdom, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), and Middle East and Africa (United Arab Emirates, Saudi Arabia, South Africa, and Rest of Middle East and Africa)). The report offers market sizes and forecasts in terms of value (USD) for all the above segments.

By Material
Plastic
Metal
Glass
By End-user Industry
Consumer Electronics
Aerospace and Defense
Automotive
Healthcare
By Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East and Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East and Africa
Need A Different Region Or Segment?
Customize Now

Electronic Packaging Market Size Summary

The electronic packaging market is poised for significant growth, driven by the increasing demand for consumer electronics such as TVs, set-top boxes, and digital cameras, as well as the rise of IoT and AI technologies. This growth is further fueled by the automotive industry's shift towards electric and hybrid vehicles, which require advanced electronic components. Companies are adopting more sophisticated packaging technologies to meet these demands, while also incorporating sustainable practices to appeal to environmentally conscious consumers. The integration of digital technologies like QR codes and augmented reality into packaging designs is enhancing consumer engagement, transforming the way users interact with products. The market is also benefiting from the defense sector's increased investment in advanced electronic systems, necessitating high-quality packaging solutions to withstand harsh environments.

Regionally, Asia-Pacific is expected to dominate the market, supported by the burgeoning automotive infrastructure and the rise in electric vehicle sales. China's role as a global electronic hub, coupled with India's expanding electronic manufacturing sector, is contributing to the market's robust growth. The market is characterized by fragmentation, with key players like UFP Technologies, Schott AG, and Sealed Air Corporation leading innovations in packaging solutions. Recent developments include Schott AG's introduction of lightweight microelectronic packages for the aerospace industry and collaborations aimed at advancing sustainable packaging solutions. These trends indicate a dynamic market landscape, with ongoing advancements in technology and sustainability shaping the future of electronic packaging.

Explore More

Electronic Packaging Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Market Drivers

      1. 1.4.1 Accelerated Sales of Electrical Automotive Worldwide

      2. 1.4.2 Technological Advancements Driving Product Quality

    5. 1.5 Market Restraints

      1. 1.5.1 High Costs of Electronic Packaging and Lack of Skilled Professionals to Challenge Market Growth

    6. 1.6 Technology Snapshot

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material

      1. 2.1.1 Plastic

      2. 2.1.2 Metal

      3. 2.1.3 Glass

    2. 2.2 By End-user Industry

      1. 2.2.1 Consumer Electronics

      2. 2.2.2 Aerospace and Defense

      3. 2.2.3 Automotive

      4. 2.2.4 Healthcare

    3. 2.3 By Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 Germany

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 India

        3. 2.3.3.3 Japan

        4. 2.3.3.4 Rest of Asia-Pacific

      4. 2.3.4 Latin America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of Latin America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 United Arab Emirates

        2. 2.3.5.2 Saudi Arabia

        3. 2.3.5.3 South Africa

        4. 2.3.5.4 Rest of Middle East and Africa

Electronic Packaging Market Size FAQs

The Electronic Packaging Market size is expected to reach USD 20.75 billion in 2024 and grow at a CAGR of 23.12% to reach USD 58.71 billion by 2029.

In 2024, the Electronic Packaging Market size is expected to reach USD 20.75 billion.

Electronic Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)