The electrostatic discharge (ESD) packaging market is expected to gross $7.1 billion globally by 2030 at a CAGR of 8.31%, according to Allied Market Research

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ESD packaging is safe to pack electronic items and keep them safe, which should driving the growth of the global electrostatic discharge (ESD) packaging market.

PORTLANDOre. , July 25, 2022 /PRNewswire/ — Allied Market Research released a report titled, “Electrostatic Discharge (ESD) Packaging Market by Product Type (Bags, Trays, Boxes & Containers, ESD Foam, ESD Films, Others), By End User (Network and Telecommunications Industry, Consumer Electronics & Computer Peripherals, Automotive, Military & Defense, Healthcare, Aerospace, Others: Global Opportunity Analysis and Industry Forecast, 2021-2030”. According to the report, the industry world of electrostatic discharge (ESD) packaging generated $3.5 billion in 2021, and should generate $7.1 billion by 2030, with a CAGR of 8.31% from 2022 to 2030.

Main determinants of growth

ESD packaging is safe to pack electronic items and keep them safe, which is expected to drive the growth of the global electrostatic discharge (ESD) packaging market. However, the high cost of the packaging material limits the growth of the market. On the other hand, increasing demand for these packages in various end-use sectors such as defense and military, automotive, healthcare, industrial and aerospace presents new opportunities in years to come.

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Covid-19 scenario

  • The outbreak of the Covid-19 pandemic has negatively impacted the global electrostatic discharge (ESD) packaging market, owing to the implementation of the global lockdown, which has shut down all electronics manufacturing centers.
  • In addition, supply chain disruptions, labor shortages, raw material shortages and other obstacles have inhibited the manufacturing of electrical appliances.

The Bags segment to maintain its leading status throughout the forecast period

Based on product type, the bag segment held the highest market share in 2021, accounting for more than a quarter of the global electrostatic discharge (ESD) packaging market, and is expected to maintain its leading status throughout. throughout the forecast period. This is due to the high security provided by ESD bags when transporting electronic products from one place to another. However, the ESD films segment is expected to show the highest CAGR of 8.9% from 2022 to 2030, owing to the use of ESD films for the transportation and protection of electronic devices.

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The consumer electronics and computer peripherals segment will maintain its leading position during the forecast period

On an end-user basis, the consumer electronics and computer peripherals segment accounted for the largest share in 2021, contributing approximately two-fifths of the global electrostatic discharge (ESD) packaging market, and is expected to maintain its leading position during the forecast period. This is attributed to the increase in demand and usage of electronic items among people. However, the automotive segment is expected to show the highest CAGR of 9.1% from 2022 to 2030. Many parts in the automotive sector such as semiconductor, fuel tank and many other automotive components require protection against static discharge, which in turn has increased the demand for ESD packaging in the automotive sector.

North America maintain dominance by 2031

Based on the region, North America held the highest market share by 2021 revenue, accounting for approximately one-third of the global electrostatic discharge (ESD) packaging market. This is attributed to the significant growth of the automotive, aerospace and computer industry in the United States, Canada, Mexico and many other countries. However, the Asia Pacific The region is expected to witness the fastest CAGR of 9.3% from 2022 to 2030. Due to the increasing industrialization in the region, the demand for safe and secure packaging such as ESD packaging has increased. This, in turn, has significantly triggered the growth of the market.

Major Market Players:-

  • Smurfit Kappa Group
  • PPG Industries, Inc.
  • T.I.P. Corporation
  • Containers Drivers Inc.
  • Elcom (UK) Ltd.
  • Tandem Equipment Sales Inc.
  • Statclean Global Systems
  • Desco Industries
  • DowDuPont

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