The ESD Bags Market to Witness Strong Growth Owing To the Fast Growing Electronics Industry

Global ESD bags Market, by Product Type (o Anti-statics Bags, Dissipative Bags, Metallized Shielding Bags and Conductive Bags), by Material Type (Polyethylene (PE) and Polyethylene Terephthalate (PET)), by End-use Industry (Electrical and Electronic, Chemical, Pharmaceutical and Aerospace), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) – Size, Share, Trends, and Forecast to 2026

The global ESD bags market was valued at US$ 339.90 Million in 2017 and is expected to register a CAGR of 6.9% in terms of revenue, over the forecast period (2018 – 2026), to reach US$ 601.48 Million by 2026.

Get Sample Copy of the Report:
https://www.coherentmarketinsights.com/insight/request-sample/2268 

Market Overview:

ESD (Electrostatic Discharge) bags, such as conductive bags, metallized bags, and anti-static bags, are commonly used for the packaging of electronic components to prevent damage caused by electrostatic discharge. Electrostatic Discharge Packaging is vital to the safe transportation and storage of most electronic products. ESD bags designed to keep static electricity at bay and thus ensure the integrity of the products contained within the pack.

An antistatic bag can be used to store electronic components, which are prone to damage caused by electrostatic discharge. Antistatic bags are one of the most commonly used ESD bags out there. To create the anti-static effect, the black or silver bags are slightly conductive, forming what is known as a Faraday Cage around electronic components to be protected avoiding any discharges from being deposited onto the protected devices as the bags are handled. Moreover, ESD packaging finds application in various end-use industries, such as automotive, healthcare, aerospace, manufacturing, defense and military, among others.

Competitive Landscape:

Major players operating in the global ESD bags market are Miller Packaging, 3M Company, Protective Packaging Corporation, Daklapack Group, Digi-Key Electronics, Advantek, Inc., Dou Yee Enterprises (S) Pte Ltd., Teknis Limited, Naps Polybag Co, Edco Supply Corporation, Katzke Paper Co, Elcom Ltd., Statclean Technology (S) Pte Ltd, and Electrotek Static Controls Pvt., Ltd.

Key Market Drivers:

Increasing demand for or adoption of ESD bags across electronics industry is expected to aid in the growth of the ESD bags market during the forecast period. For instance, in December 2020, Markforged launched Onyx ESD, a high-strength composite material for the electronics manufacturing industry. Electronics manufacturers must use materials that meet ESD safety requirements to avoid damaging a product or critical component during production.

Moreover, increase in production and sales of consumer electronics worldwide is expected to augment the growth of the ESD bags market. For instance, according to Retailers Association of India (RAI), in the third quarter of FY21, sales of consumer electronics and appliances increased by 23.5%, as compared with same period in the last fiscal year. Growing awareness, easier access, and changing lifestyle have been the key growth drivers for the consumer market.

COVID-19 Impact Analysis:

ESD bags are widely used in automotive, healthcare, aerospace, manufacturing, defense and military, among others. But the pandemic has severely impacted these industries. Hence, the demand for ESD bags has decreased during the pandemic. These bags are widely used in the electronics industry, and the electronics industry has faced a dual impact after the pandemic. Electronics industry’s supply is majorly centered in China, and the shutdown of manufacturing facilities in China has caused serious implication on the entire ecosystem of the industry.

However, some industries, such as electronics, automotive, and manufacturing, are recovering faster and are expected to have a positive impact on the growth of the market.

Go Through Our Trusted Clients List:
https://www.coherentmarketinsights.com/trusted-by

Key Takeaways:

• The ESD bags market is expected to exhibit a CAGR of XX % during the forecast period due to the introduction of novel ESD bags in the market (to cater increasing demand). For instance, in December 2020, EcoCortec launched the world’s first Eco-Corr Film ESD – biodegradable, compostable static dissipative films & bags. This technology is targeted mainly for electronics, packaging, telecommunications, and electric car industries seeking eco-friendly packaging solutions.
• Among regions, North America and Asia Pacific are expected to witness robust growth in the ESD bags market due to the rapid growth of the electronics and packaging industry. The Electronics industry is one of the fastest-growing industries in India, both in terms of production and export. For instance, by 2025, the IT ministry, India planned to create US$ 400 billion electronics manufacturing industry with mobile devices segment accounting for three-fourths of the production, according to the draft electronics policy.

People Also Search For Following Reports:

Tote Bags Market, by Material Size, Share, Outlook, and Opportunity Analysis, 2018-2026

Diaper Bag Market- Size, Share, Trends, and Forecast to 2025

The post ESD Bags Market To Surpass US$ 601.48 Million By 2026 | Miller Packaging, 3M Company, Protective Packaging Corporation appeared first on Gatorledger.