Electrostatic Discharge (ESD) Packaging Market: Current Analysis and Forecast (2021-2027)

The Global Electrostatic Discharge Packaging is Expected to Display an Elevated CAGR over the forecast period (2021-2027)

A rise in the manufacturing, industrial, commercial, and residential sectors is leading to the growing demand for electrostatic discharge packaging, globally. As per United Nations Industrial Development Organization, after COVID-19 Most countries saw a recovery in manufacturing in the third quarter of 2020, after the collapse experienced in the first half of the year due to the COVID-19 pandemic. China had already returned to growth in the previous quarter and has now exceeded its pre-crisis manufacturing production level. Nonetheless, updated UNIDO forecasts anticipate an unprecedented decline in global manufacturing of 8.7% for 2020. Moreover, the global economy witnessed a 4.3% contraction in 2020, however, the economy is expected to expand by 4% in 2021, as revealed by the world bank. Furthermore, a rise in per capita income globally is leading to the growing demand for luxury such as hi-tech vehicles, IoT featured home appliances and the adoption of electric vehicles. These all factors would be demand drivers for the electrostatic discharge packaging in the forecasted years.

Furthermore, the demand for electrostatic discharge is emerging from the automotive sector. As per OICA, America reports a 20% share of the global production with 15.7 million units. The growing demand for electric vehicles is also propelling the growth of the market. As per Statista, it is estimated that some 1.2 million battery electric vehicles will be sold to customers in North America by 2025.

Moreover, the growing several industries including defense & military, healthcare, manufacturing, automotive, and aerospace for numerous operational uses is leading to the growth of the market. Also, the rising investments by many companies in biodegradable electrostatic discharge packages in the country are projected to open doors to profitable opportunities for the growth of the market throughout the forecast period

BASF SE, Desco Industries Inc., PPG Industries, Inc., TIP Corporation Sdn Bhd, Smurfit Kappa, DS Smith, Sealed Air, Pregis LLC, STOROPACK HANS REICHENECKER GMBH, NEFAB GROUP., etc., are some of the prominent players operating in the Electrostatic Discharge Packaging market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with innovative products.

Insights Presented in the Report

"Amongst product type, bags segment grabbed major market share"

Based on the product type, the market is fragmented into Bags, Trays, Boxes & Containers, ESD foams, and Others. The bags segment grabbed the major market share in 2020 and dominated the market. The bags protect ignition by dissipating charge build-up. Filling or emptying can be carried out in flammable environments without the risk of a fire accident. Storage space can be utilized to the maximum as the bags are stackable.

"Amongst material & additive type, Conductive & Dissipative Polymers segment to grab considerable market share"

Based on the material & additive type, the market is fragmented into Conductive & Dissipative Polymers, Metal, and additives. The conductive & dissipative polymers segment grabbed XX% market share. The market of this segment would reach USD XX Mn by 2027. Uncontrolled electrostatic discharges (ESD) cause component failures and breakage during electronics production and transportation. The conductive and static dissipative plastic compounds protect components from ESD. Also, it reduces the extent of hidden failures and guarantees a longer operation life for electronic devices.

"Amongst end-user, Electrical and Electronic segment to grab considerable market share"

Based on the end-user, the market is fragmented into Electrical and Electronic, Automobile, Defense & Military, Manufacturing, Aerospace, Healthcare, and Others. The automotive segment grabbed XX% market share and captured USD XX Mn market in 2020. However, the electrical & electronics segment would witness a robust CAGR during the forthcoming years

"Asia-Pacific represents one of the largest markets of Electrostatic Discharge Packaging market"

For a better understanding of the market adoption of the Electrostatic Discharge (ESD) Packaging Market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific region grabbed XX% market for the Electrostatic Discharge (ESD) Packaging Market industry and generated revenue of USD XX Million in 2020. However, the Europe region would witness the highest CAGR during the forthcoming year.

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Deep dive regional level analysis of the industry

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