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A16831 | Pages: 180 | Charts: 59 | Tables: 127 |
The global electrostatic discharge packaging market was valued at $3.5 billion in 2021, and is projected to reach $7.1 billion by 2030, growing at a CAGR of 8.31% from 2022 to 2030.
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The electrostatic discharge packaging market is segmented into Product Type and End-user.
Electrostatic discharge packing reduce static electricity and protect electro-sensitive electronics or products that contain flammable gases or liquids from a range of sources, including other gadgets, friction, and even the weather. The electronic equipment are packaged in a robust black polyethylene box that is surrounded with poly foam. Static energy is kept at bay with ESD packaging, which ensures the integrity of the contents inside. ESD packaging is utilized for numerous operating purposes in the automotive, defense & military, manufacturing, healthcare, and aerospace industries. Products can be safely transferred from one location to another using ESD packaging, which prevents electrostatic or static energy from damaging electronic equipment in transit.
The electrostatic discharge packaging market size is likely to accelerate in the forecast time period. ESD packaging is secure for packing electronic items and keeping them safe, which is expected to drive the global market during the forecast period. Furthermore, rising demand for these packages from various end-use sectors such as defense and military, automotive, healthcare, industrial, and aerospace is expected to fuel the market during the forecast period. However, the electrostatic discharge packaging market share growth is likely to experience some hinderance in the coming years owing to high cost of these packaging materials.
The extensive usage of electrostatic discharge (ESD) packaging in protecting electronic items during transportation from one location to another is projected to fuel electrostatic discharge (ESD) packaging market share growth. The primary purpose of ESD packaging is to protect a finished product from any electrostatic discharge that may occur during transportation from its manufacturing location to its final destination, as well as to improve its protection against traditional physical damage. ESD packaging protects a package's contents in two ways: it should prevent charges from building up within the box while also resisting and dissipating any charges on the outside.
The demand for ESD packaging has increased significantly as the number of electronic products manufacturing enterprises has increased. ESD packaging has been shown to be the most effective in protecting electronics items such as printed circuit boards from electrostatic discharge during transit. In the forecasted timeframe, such elements are projected to drive electrostatic discharge packaging market growth.
The global electrostatic discharge (ESD) packaging market is segmented on the basis of product type, user, and region. Based on product type, the market is divided into bags, trays, boxes & containers, ESD foams, ESD films, and others. Based on end-user, the market is segmented into network & telecommunication industry, consumer electronics, automotive industry, military & defense, healthcare, aerospace, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the significant electrostatic discharge (ESD) packaging market players include Smurfit Kappa Group, BASF, Desco Industries, DowDuPont, PPG Industries, TIP Corporation., Conductive Containers Inc., Elcom (UK) Ltd., Tandem Equipment Sales Inc., Global STATCLEAN SYSTEMS, among others.
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By product type, bags product type sub-segment is predicted to have the maximum market share in the forecast period. The sub segment growth is observed mainly because ESD bags are a secure way to keep electronic products safe while travelling.
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By end user, automotive industry sub-segment is predicted to have the maximum growth rate in the forecast period. The growth is attributed to rising demand for ESD packaging for products required to be transported from one place to another. During transportation, the electronic items develop electrostatic discharge due to friction which can damage the products. Thus, electrostatic discharge (ESD) packaging is very useful in protecting electronic goods during transportation.
By region, Asia-Pacific region is projected to remain the fastest-growing segment during the forecast period. This is attributed to numerous factors such as rapidly growing automobile industries in the region and thus growing need for ESD packaging materials for packaging and transporting electronic items from one place to another, safely.
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IMPACT OF COVID-19 ON THE GLOBAL ELECTROSTATIC DISCHARGE (ESD) PACKAGING MARKET
Key Market Segments
Key Market Players