PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1182901
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1182901
Electrostatic discharge packaging market size was valued at USD 3,506.9 Million in 2021, expanding at a CAGR of 5.7% from 2022 to 2028.
Electrostatic discharge (ESD) packaging consists of good plastic material for the object to reduce static electricity. In addition, it protects electro-sensitive devices or products that involve inflammable liquids and gases due to a variety of causes such as different devices, weather, and friction. Moreover, it provides a vital solution to the storage of electronic components including printed circuit boards (PCBs) and semiconductors. Furthermore, concerning packaging, the properties of ESD include charge dissipation, resistance to antistatic charging, and shielding of an electric charge.
The increasing adoption of ESD packaging in end-use industries such as healthcare, aerospace, manufacturing, automotive, and defense & military is projected to drive the Electrostatic Discharge Packaging Market demand. In addition, the products can be safely transferred from one place to another, inhibiting static electricity from electronic products in transit with the help of ESD packaging. Moreover, increasing investment by organizations in biodegradable electrostatic discharge packages is expected to propel market growth. However, the cost of ESD packaging is higher and bulky which can further restrain the market growth during the forecast period.
Furthermore, an increase in the demand from emerging economies and a rise in development and research activities are such opportunities for the Electrostatic Discharge Packaging Market. The COVID-19 pandemic had a negative impact on the electrostatic packaging market. Due to the lockdown, many electronic industries were shut down. As a result, the production of electronic devices was interrupted due to raw material supply and a shortage of labor. Based on these factors the use of ESD packaging was reduced that further impacting the market demand.
The electrostatic discharge packaging market is segmented on the basis of product, application, end-user, and by region.
The market is divided into five categories based on product: trays, bags, ESD foam, boxes & containers, and ESD films, among others. The bags segment is expected to dominate the market. The extensive use of ESD bags because they protect against ignition by dissipating charge build-up. Additionally, manufacturers are focusing on designing customized bags for convenience transportation which further propel the market growth for the bags segment.
The market is divided into four categories based on application: electrical & electronic components, equipment, explosive powders, drugs, and others. The electrical & electronic component segment is expected to possess the market share. It requires suitable packaging to prevent product damage due to this factor the demand for the electrical & electronic component segment is expected to increase during the forecast period.
The market is divided into six categories based on end-use: consumer electronics & computer peripherals, network & telecommunication, automotive, military & defense, healthcare, and aerospace industry. The consumer electronics & computer peripheral segment is expected to hold the market share as it uses the ESD packages to transfer electronic products from one place to another safely.
The increasing demand for ESD packaging for audio systems, smartphones, and TVs, is the key factor making it one of the competitive sectors worldwide. The use of ESD packaging regarding the safety of ESD-prone devices during shipping and handling customized ESD packaging has turned out to be a great opportunity for market players to extend their production. Additionally, market players are concentrating on increasing their presence by adopting collaboration strategies and mergers & acquisitions to oppose competition in the market. In the ESD packaging market, medium and small-sized ESD packaging manufacturers are concerned and focusing on product innovation as a result these manufacturers gain a foothold globally.
For instance, in June 2022, Scanfill AB a company expanded its product range by launching Scanfoil PS ESD. For the electronics industry, it is the perfect packaging material. Thanks to its low surface resistivity, Scanfoil PS ESD protects advanced technical applications against static discharge.
The scope of this report covers the market by its major segments, which include as follows: