ESD Packaging Market Size, Share, Growth, and Industry Analysis, By Type (Antistatic Latex Bag Packaging, Composite Materials Packaging and Others), By Application (Communication Network Infrastructure, Consumer Electronics, Computer Peripherals, Aerospace and Defense, Healthcare and Instrumentation, Automotive and Others), Regional Insights, and Forecast To 2032

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ESD PACKAGING MARKET REPORT OVERVIEW

The global ESD packaging market size was USD 3.41 billion in 2023 and market is projected to touch USD 3.59 billion in 2024 to USD 5.40 billion by 2032, exhibiting a CAGR of 5.2% during the forecast period. Asia Pacific is dominating the ESD packaging market share in 2023.

In the market study, our analysts have considered ESD packaging players such as BASF, Desco Industries, Dow Chemical Company, PPG Industries, AkzoNobel, DaklaPack Group, Dou Yee, GWP Group, Kao-Chia Plastics, Miller Supply, Polyplus Packaging, TIP Corporation, Uline

Plastic electrostatic discharge (ESD) packaging materials shield electrosensitive goods or gadgets that have flammable liquids or gases. ESD packaging is made of a number of materials, all of which have a high level of surface resistance in common. Surface resistance ratings for the most widely used materials for electrostatic discharge packaging are normally limited to 1.0 x 103 ohm-cm. ESD packing improves the completed product's defence against common physical harm. Charges on the outside are resisted and dispersed, and it inhibits charges from entering the package. Automotive, manufacturing, defence & military, aerospace, healthcare, and certain other industries heavily rely on ESD packaging. The market for ESD packaging is expanding as a result of the rising use of this packaging in a variety of end-use sectors.

COVID 19 IMPACT

"Lockdown Gave Rise to Slower Economy Growth Rate Which Hampered the Market"

On the market for packaging resistant to electrostatic discharge, the pandemic is expected to have a detrimental effect. Due to the coalition lockdown during the new corona-virus outbreak, the majority of electronic industrial facilities were closed. The production of electrical equipment was also hampered by a lack of workers, a scarcity of raw materials, and other problems. The market for electrostatic discharge (ESD) packaging was directly impacted by these variables. Electrostatic discharge packaging is now far less common as a result of the pandemic's forced closure of numerous enterprises, numerous temporarily and others permanently. However, forecasts indicate that as the pandemic subsides, consumption for ESD packaging might rise.

LATEST TRENDS

"Biodegradable Electrostatic Discharge Packaging to Boost the Market"

It is anticipated that additional investment opportunities will arise for the worldwide ESD packaging as a result of rising investments made in biodegradable electrostatic discharge packages by the majority of businesses. The biodegradable packaging is lightweight and less expensive, but it is still in its experimental stages and needs more time to gain market traction. For example, EcoCortec, a company based in Croatia, announced the creation of the initial biodegradable and compostable static-dissipative film in 2021.

ESD PACKAGING MARKET SEGMENTATION

By Type

Based on type, the market is classified into anti-static latex bag packaging, composite materials packaging and others.

By Application

Based on application, the market is classified into communication, network infrastructure, consumer electronics, computer peripherals, aerospace and defense, healthcare and instrumentation, automotive and others.

DRIVING FACTORS

"Increasing Use of Packaging in Multiple End Use Industries to Gain Traction in the Market "

ESD packaging is utilized in the manufacturing, healthcare, aerospace, defence & military, and automotive industries for a variety of operating purposes. The products can be safely transported from one location to another with the aid of ESD packages, avoiding electrostatic or static charge from harming electronic equipment in transit. Electrostatic discharge happens when two electrically charged objects come in contact or even close to one another. Any printed circuit board can be entirely destroyed by electrostatic discharge.

The market is anticipated to grow over the forecast period as a result of increasing use of these packages by different end-use industries. It also protects the product from gases and liquids that can catch fire. Such packing materials are made to facilitate direct electricity transfer while causing no damage to the contents.It is a secure and safe way of packaging which provides more safety in comparison to other packages and therefore the market is predicted to grow in the forecast time-frame.

"Growing Need for Smartphones and Other Electronic Devices to Drive the Market Growth"

The increasing need for smart gadgets and the subsequent misappropriation of such electronic equipment are important factors influencing the demand for electrostatic discharge packaging. Similar to this, it is anticipated that the ESD packaging will grow as a result of increased electronic device manufacturing and sales. Additionally, because equipment is quite expensive, the maker makes certain that the product is delivered to the consumer safely and undamaged. As a result, equipment makers prefer suitable protective packaging, which presents a great potential for the ESD packaging market share. For makers of electronic products to demonstrate acceptable conformity, the electronics markethas established acknowledged standards.

RESTRAINING FACTORS

"Huge Cost Incurred in the Utilization to Restrain the Market Growth"

Several rubs off carbon black packaged products and anti-static bags are less expensive than electrostatic discharge packaging, which is projected to restrain market growth over the projection period. Because of the packaging's high cost and volume, it is less affordable on the market. The packaging takes up a lot of room and is challenging to handle, which may further impede the ESD packaging market growth.

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ESD PACKAGING MARKET REGIONAL INSIGHTS

"Asia Pacific to Lead the Market with the Rapid Growth and Industrialization"

As a result of the concentration of electronic device makers in nations like Japan, China, and South Korea, the Asia Pacific region commands the highest share of the global product market. The fast expanding consumer electronics industry in the area is a great complement to the region and has made a substantial contribution to the rising demand for smart gadgets using Electrostatic Discharge packaging. The packaging is required by the consumer electronics sector for TVs, audio systems, smartphones, and other devices. The global business has been further fueled by the rising number of cell phone subscriptions in this area, and the trend is anticipated to boost the ESD packaging market growth during the projection period.

KEY INDUSTRY PLAYERS

"Notable Players contributing towards the Cloud Music Streaming market"

The top notch players of the market share are implementing and applying varied front end and back end strategies to exceed and expand their empire.

List of Top ESD Packaging Companies

• BASF (Germany)
• Desco Industries (U.S.)
• Dow Chemical Company (U.S.)
• PPG Industries (U.S.)
• AkzoNobel (U.S.)
• Dou Yee (Singapore)
• GWP Group (U.K)
• Kao-Chia Plastics (China)
• Miller Supply (U.S.)
• Uline (U.S.)

INDUSTRY DEVELOPMENT

"August 2022:" The launch of a new biodegradable and environmentally friendly air cushion film was announced by STOROPACK HANS REICHENECKER GMBH

"June 2022:" Scanfoil PP ESD, the ideal packaging material for the electronics industry to safeguard cutting-edge technical applications against static discharge, was introduced by Scanfill AB as part of the company's expansion of its product line.

REPORT COVERAGE

The report covers the information on the advancement outlooks with new inventions and SWOT analysis.The market elements situation, with the development areas of the market in the upcoming years. Market segmentation information including the subjective and quantitative research including the effect of financial and strategy viewpoints are discussed in the report. The report also disseminates the information on the regional and nation level assessment incorporating the demand and supply dominators that are affecting the development of the market. The competitive landscape including market share of major players, along with the new research methodologies and strategies adopted by players for the forecasted period is listed in the report.