Refurbished Phones Packaging Market: Global Size, Share, Trends, Growth and Forecast 2022-2032
Refurbished Phones Packaging Market: Overview and Definition
The global refurbished phones packaging market size is estimated to register a compound annual growth rate (CAGR) of 7.4% during the forecast period 2022-2032.
The refurbished phone packaging market is a rapidly growing market that is driven by the increasing demand for refurbished smartphones. Refurbished phones are pre-owned phones that are repaired and restored to their original condition before being resold. These phones are becoming increasingly popular due to their affordability and reduced environmental impact compared to new smartphones.
Packaging plays a crucial role in the marketing and distribution of refurbished phones. Good packaging not only protects the phone during transit but also enhances the overall value of the product. The packaging should be durable, eco-friendly, and attractive to customers.
The marketplace for refurbished phones packaging is envisioned to grow at a rare rate because of the increasing adoption of newer technologies within the industries. With the increase in protecting of the equipment from external damage during transportation is anticipated to grow across the world, which is influencing the expansion of the market and is opening gateway opportunities for the manufacturers to expand their businesses. together with this, growing demand for packaging of smartphones & mobile equipment additionally as its parts helps in maintaining their safety during shipping are escalating the expansion of the general market. In addition to this, massive production & demand for the component has increased, which is triggering the phone packaging companies to speculate in machinery for efficient packaging. Thus, rising awareness per smart equipment trends and technological innovations is anticipated to drive the expansion of the market.
The global market for refurbished phones packaging is segmented by packaging type and end use. On the basis of packaging type, the market is segmented into folding cartons, rigid boxes, flexible films, insert trays, thermoformed blisters, and others, out of which, folding cartons segment is expected to grow at a considerable CAGR over the forecast period, i.e., 2020-2025. Further, it was followed by flexible films segment in terms of market share in 2019.
By end use, the market is divided into mobile phones and other allied products, out of which, mobile phones segment is envisioned to register a higher revenue share in the global market over the forecast period. Apart from this, the other allied products segment is projected to attain a noteworthy CAGR over the upcoming years.
In terms of geography, the report offers an analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In the refurbished phones packaging market, Asia Pacific is predicted to capture a considerable market share over the forecast period. Further, factor such as increasing demand for safe packaging of smartphone and other accessories is anticipated to drive the growth of Asia Pacific market. Further, the North America market is driven on the back of growing online retail activities in the region and is projected to grow at a notable compound annual growth rate (CAGR) from 2020 to 2025.
The report also covers detailed competitive analysis of major market players of global refurbished phones packaging market, such as Bright Sea Industrial Co., Ltd., Miaoxin Pack Printing Co., Ltd., Guangzhou Huaheng Plastic Products Co., Ltd., Xiamen Xinlongqiao Industry & Trade Co., Ltd., Foshan QualiPrint Co., Ltd., Zhuhai Modern Packaging Co., Ltd., Parksons Packaging Ltd., Guangzhou Weiye Color Printing Co., Ltd., Shenzhen Worthypack Co., Ltd., Dongguan Jinshan Printing & Packaging Co., Ltd. and other major & niche players. The global refurbished phones packaging market is witnessing a wide range of industry activities such as product launch, innovation, partnership, merger & acquisition, research & development, and expansion worldwide.
By Packaging Type:
- Folding Cartons
- Rigid Boxes
- Flexible Films
- Insert Trays
- Thermoformed Blisters
By End Use:
- Mobile Phones
- Other Allied Products
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa)
The report profiles various major market players such as
- Bright Sea Industrial Co., Ltd.
- Miaoxin Pack Printing Co., Ltd.
- Guangzhou Huaheng Plastic Products Co., Ltd.
- Xiamen Xinlongqiao Industry & Trade Co., Ltd.
- Foshan QualiPrint Co., Ltd.
- Zhuhai Modern Packaging Co., Ltd.
- Parksons Packaging Ltd.
- Guangzhou Weiye Color Printing Co., Ltd.
- Shenzhen Worthypack Co., Ltd.
- Dongguan Jinshan Printing & Packaging Co., Ltd.
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in refurbished phones packaging market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis
Industry report analyzes the global refurbished phones packaging market by the following segments:
- Packaging Type
- End Use
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Refurbished Phones Packaging Industry Report
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- What is the impact of Coronavirus Disease (COVID-19) on the market and the upcoming changes in the market?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?