Electronic Packaging Market Size, Share, Growth Analysis, By Type Sub-SegmentsCorrugated Boxes, Paperboard Boxes, Thermoformed Trays, Bags and Pouches, Blister packs and Clamshell, and Protective Packaging(Plastic, Metal), By Material(Semiconductor & IC, PCB), By Application(Consumer Electronics, Aerospace & Defense), By End-User(Electronic Article Surveillance (EAS), and Radio-frequency Identification) - Industry Forecast 2024-2031

North America is the dominating region in the global electronic packaging market, with a CAGR of more than 10% during the forecast period. The regional growth is driven by increasing demand for semiconductor equipment in the automotive, industrial and healthcare industries. North America, particularly California’s Silicon Valley, is a global hub for technological innovation and research. Many major semiconductor companies, electronics manufacturers and research institutes are headquartered or have a large presence in the region. This drives advances in electronic packaging technology, enabling improvements such as miniaturization, higher component density and improved thermal management.

The Asia-Pacific region is estimated to hold the largest market share during the forecast period owing to rising vehicle infrastructure and rise in electric vehicles, rising middle class income, youth and population increasing numbers can lead to increased demand in the automotive industry. According to IBEF, the total production of passenger cars, three-wheelers, two-wheelers and four-wheelers by June 2022 is 2,081,148 units, which will drive the studied market growth future. The Asia-Pacific region in the global electronic packaging market is expected to grow significantly by 2029 due to demand from the electronics industry, technological advancements, and availability of more electronic components and electronic devices in important consumption areas role in healthcare devices and packaging solutions, along with increase in smaller components are expected to propel the market growth in the near future China is a major contributor to the market.