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18.04.2019 15:30
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Industrial Electronics Packaging Market to Represent a Significant Expansion at 4.1% CAGR by 2029 - Future Market Insights

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VALLEY COTTAGE, New York, April 18, 2019 /PRNewswire/ -- 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.

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-5235

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.

For exclusive insights on the global market for industrial electronics packaging market landscape and the estimated performance between 2019 and 2029, write in to the analyst at press@futuremarketinsights.com

Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-5235

More from Packaging Market Intelligence:

  • Medical Device Packaging Market Segmented By Packaging type -Bags & Pouches, Containers, Trays, Stick Packs, Clamshell Blister Packs, Boxes; By Material Type - PE, HDPE, LDPE, LLDPE, PET, PP, PS, PVC, Aluminium, Glass, Paper Laminates, Fabric; By Application - Disposable Consumables, Monitoring & Diagnostic Equipment, Therapeutic Equipment; By End User - Medical Manufacturing, Contract Packaging, Others: https://www.futuremarketinsights.com/reports/medical-device-packaging-market
  • Resealable Packaging Bags Market Segmented By Type - Zippers, Pull tabs, Drawstring, Strips, Seals, Cross tie, Flaps , Films, Zips-Up, Seal Tapes, Screw Caps; By material - Biodegradable films, Polyethylene, Polyester, Polypropylene, Pressure sensitive tape, Plastics, Aluminum: https://www.futuremarketinsights.com/reports/resealable-packaging-bags-market
  • Resealable Packaging Labels Market Segmented By material - Films, Reclose Adhesives; By product type - Flow wrap pack, Tray seal, Gas-flush Thermoforming, HPP packs, Vacuum packs: https://www.futuremarketinsights.com/reports/resealable-packaging-labels-market

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Packaging Market Intelligence

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Cision View original content:http://www.prnewswire.com/news-releases/industrial-electronics-packaging-market-to-represent-a-significant-expansion-at-4-1-cagr-by-2029--future-market-insights-300834490.html

SOURCE Future Market Insights

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