A utility and protective packaging system (10) is provided for containing and protecting electronic component objects (14) such as digital video recorders during storage and shipping. The system (10) is originally constructed in a planar sheet (16) form which is then folded into a tray (12). The tray (12) is configured as a squat “I” shape with the object (14) contained within the stem. The tray (12) includes a pair of side flaps (36) which are folded into side rectangular tubes (44) to provide cushioning and lateral impact protection to the object (14). A pair of end flaps (38) enclose the object and are provided with access ports (30) permitting operation and programming of the component when it is contained within the tray (12).