Increasing Adoption and Launch of New Mobile Phones and Smartphones to Augment Growth of Mobile Phones Packaging Market
Increasing adoption of mobile phones and smartphones is expected to propel growth of the global mobile phones packaging market. For instance, according to Pew Research Center’s February 2019 report, over 5 billion people have mobile devices and over 50% of these connections are smartphones. Moreover, launch of new mobile phones is also expected to aid in growth of the market. For instance, in February 2021, Samsung launched its new Samsung Galaxy A32 5G smartphone in Thailand. Significant growth in the e-commerce sector is expected to offer lucrative growth opportunities for players in the global mobile phones packaging market. For instance, according to India Brand Equity Foundation, the e-commerce sector in India is expected to reach US$ 200 billion by 2026 from US$ 38.5 billion as of 2017. However, low adoption of smartphones and internet in some emerging economies is expected to hinder growth of the global mobile phones packaging market. For instance, in Oct...