Electronic Packaging Market Size, Share, Industry Trends and Forecast to 2030

Electronic Packaging Market Size and CAGR in 2021

The global electronic packaging market is expected to have a CAGR of 5.8% in 2021, reaching a market size of USD 48.2 billion. This growth can be attributed to the increasing demand for electronic devices in various industries such as consumer electronics, automotive, healthcare, and telecommunications. The expansion of the Internet of Things (IoT) and the rise in smart device usage have also contributed to the growth of the electronic packaging market.

COVID-19 Impact on the Electronic Packaging Market

The COVID-19 pandemic had a mixed impact on the electronic packaging market. On one hand, the global supply chain disruptions caused by lockdowns and travel restrictions led to delays in the production and distribution of electronic components, affecting the electronic packaging market. However, the increased demand for electronics due to remote work and online learning bolstered the market growth.

Electronic Packaging Dynamics

The electronic packaging market is driven by factors such as the miniaturization of electronic devices, advancements in packaging technologies, and the increasing adoption of eco-friendly packaging materials. The demand for electronic packaging solutions that offer high levels of protection, thermal management, and electromagnetic interference shielding is also on the rise.

Segments and Related Analysis

The electronic packaging market can be segmented based on the type of packaging material, application, and end-user industry. Common packaging materials include plastics, metals, ceramics, and composites. Applications of electronic packaging include semiconductor packaging, system-in-package, and flexible packaging. The end-user industries for electronic packaging include consumer electronics, automotive, aerospace, and healthcare.

By Region Analysis

The electronic packaging market is segmented into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is the largest market for electronic packaging, driven by the presence of major electronics manufacturing hubs in countries like China, Japan, and South Korea. North America and Europe also have significant market shares due to the high demand for electronics in these regions.

Key Market Players and Competitive Landscape

Some of the key players in the electronic packaging market include Amkor Technology, Inc., DuPont de Nemours, Inc., Henkel AG & Co. KGaA, and Sumitomo Electric Industries, Ltd. These companies are constantly innovating and investing in research and development to stay competitive in the market. The competitive landscape of the electronic packaging market is characterized by mergers and acquisitions, strategic partnerships, and product launches.

Recent Happenings in the Electronic Packaging Market

In recent developments, Amkor Technology announced the launch of a new advanced packaging solution for high-performance computing applications. DuPont introduced a sustainable electronic packaging material made from renewable feedstocks. Henkel collaborated with a leading semiconductor manufacturer to develop a novel thermal interface material for electronic devices. Sumitomo Electric Industries unveiled a breakthrough in flexible electronics packaging technology, paving the way for thinner, lighter, and more energy-efficient electronic devices.