PUBLISHER: Orion Market Research | PRODUCT CODE: 1215805
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215805
Title:Global Electrostatic Discharge Packaging Market Size, Share & Trends Analysis Report, By Product Type (Bags, Trays, Clamshells, Shrink Films, Boxes & Containers, and Tapes & Labels), By Application (Electrical & Electronic Components and Equipment), By Material & Additive Type (Conductive & Dissipative Polymers, Metal, and Additive), Forecast Period (2022-2028).
The global electrostatic discharge packaging market is anticipated to grow at a CAGR of 8.0% during the forecast period. The growth of the market is primarily driven by the increasing demand for consumer electronics, growing technological advancement in automobiles, and rising demand for the Internet of things is expected to propel the growth of the market during the forecast period. Electrostatic discharge packaging is widely used for the storage of electronic and automobile components such as printed circuit boards, and semiconductors.
There are various standards regarding the safety and security of products during shipment and handling of electrostatic discharge packaging prone devices. Additionally, the growing concern for the safety and security of products is expected to boost the adoption of electrostatic discharge packaging. However, electrostatic discharge packaging consists of metallic powder that easily gets corrodes when come in contact with water. However, it damages devices and components stored, and negatively affects the growth of the market up to a certain extent.
The global electrostatic discharge packaging market is segmented based on product type, application, and material & additive type. Based on product type, the market is segmented into bags, trays, clamshells, shrink films, boxes & containers, tapes & labels. Based on application, the market is bifurcated into electrical & electronic components and equipment. Based on material & additive type, the market is segmented into conductive & dissipative polymers, metal, and additives. Based on product type the bags segment is expected to witness considerable growth in the global electrostatic discharge packaging market. An electrostatic discharge packaging bag is widely used for storing, transporting, and protecting electronic components and circuit boards. Moreover, bags have a thin microscopic layer of water molecules at the film's surface which reduces the chances of damage, as they are made from low-density polyethylene (PE) or polyethylene terephthalate (PET) and have a pink or silver metalized color. Owing to its numerous advantages compared with other packaging forms results in higher demand for bags segment during the forecast period.
Geographically, the electrostatic discharge packaging market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific region is expected to witness considerable growth in the global electrostatic discharge packaging market. A rise in the demand for electronics and consumer electronics products, and an increase in the industrial and automotive sectors are leading to the growing demand for the electrostatic discharge packaging market in the region. For instance, according to India Brand Equity Foundation (IBEF), the appliances and consumer electronics (ACE) market in India is expected to grow to $21.2 billion by 2025 from $10.9 billion in 2019.
The major companies serving the global electrostatic discharge packaging market include BASF SE, Desco Industries, DuPont de Nemours, Inc., and TIP Corp., among others. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2021, EcoCortec. Announced the world's first Eco-Corr Film ESD biodegradable, compostable static dissipative films and bags powered by Nano VpCI. This latest film technology is targeted mainly at electronics, telecommunications, packaging, and electric car industries seeking environmentally friendly packaging solutions. This solution is an alternative to conventional polyethylene electrostatic dissipating (ESD) films.
Research Methodology
The market study of the global electrostatic discharge packaging market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: