Electrostatic Discharge Packaging Market Size, To See Drastic Growth Post 2022
Market Overview
The
Electrostatic Discharge Packaging Market accounted for $3,984.0 million in 2022
is predicted to generate a revenue of $6,773.1 million by 2030 registering a
CAGR of 8.2% from 2022 to 2030.The report studies the global electrostatic discharge
packaging market in detail to find out more about the market’s
leading drivers and restraints, key segments, and dominant players.
Electrostatic
Discharge Packaging Market Size is mainly driven by the growing global demand
for the manufacturing and transportation of electronic components. The growing
manufacturing of computers, smartphones, and other networking infrastructure is
likely to be a major driver for Electrostatic Discharge Packaging Market Size
over the forecast period, as the demand for electrical and electronic
components is likely to grow over the forecast period and beyond with the
rising reliance on digital communication media. Electrostatic discharge
packaging protects the product from the effects of electrostatic discharge,
which can hamper a product even before it is sold and considerably reduce its
operational lifetime.
The growing
demand for smartphones and other consumer electronics is likely to be a major
driver for Electrostatic Discharge Packaging Market Size over the forecast
period, as the growing demand for consumer electronics is likely to result in
an increasing demand for the transportation of the same from the manufacturing
sites to the assembly units. The growing demand for communication network
infrastructure is also likely to be a major driver for Electrostatic Discharge
Packaging Market Size over the forecast period, as the operations of the
industrial sector as well as other, service-oriented sectors such as BFSI,
healthcare, and government, are likely to rely increasingly on digital,
21st-century communication methods in the coming years.
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Competitive
Analysis:
Leading players
in Electrostatic Discharge Packaging Market Size include Desco Industries Inc.,
GWP Group Limited, Protektive Pak, Elcom UK Ltd., Statico, Stephen Gould Corp.,
Summit Packaging Solutions, Tandem Equipment Sales Inc., and Teknis Limited.
Segmentation:
Electrostatic
Discharge Packaging Market Size is segmented on the basis of product, end use,
and region.
By product, Electrostatic
Discharge Packaging Market Size is segmented into bags, trays, boxes and
containers, ESD foams, and others.
By end use, Electrostatic
Discharge Packaging Market Size is segmented into communication network
infrastructure, consumer electronics, computer peripherals, automotive, and
others.
Regional
Analysis:
The global esd
packaging types market is segmented by region into North America,
Europe, Asia Pacific, and rest of the world.
Asia Pacific is
likely to dominate Electrostatic Discharge Packaging Market Size over the
forecast period due to the growing electronics manufacturing industry in the
region. Companies such as Samsung, LG, and Huawei are leading manufacturers of
consumer electronics, the demand for which is being driven rapidly in Asia Pacific
due to the growing disposable income of the consumers in Asia Pacific. The
growing production of communication equipment in countries such as China,
Taiwan, and Japan is likely to be a key driver for Electrostatic Discharge
Packaging Market Size over the forecast period. Companies such as Samsung and
Huawei have emerged as global leaders in the manufacturing of communication
equipment in recent years, leading to a steady growth in the demand from the
electrostatic discharge packaging market in Asia Pacific over the forecast
period. The growing initiation of safety regulations in the packaging and
transportation industry in the region is also likely to drive the demand from
the electrostatic discharge packaging market in the region.
Following Asia
Pacific, Europe is likely to hold a considerable share in Electrostatic
Discharge Packaging Market Size over the forecast period due to the growing
demand for safety in product consumption and usage. The steady advancement of
the packaging industry in Europe has led to the legislation of several
supportive regulations mandating the use of electrostatic discharge protection
in electronics transportation and storage. This is likely to drive the
electrostatic discharge packaging market in Europe over the forecast period.
North America is
also likely to emerge as a key player in Electrostatic Discharge Packaging
Market Size over the forecast period due to the growing demand for consumer as
well as communication electronics in the region. The U.S. is likely to remain
one of the leading regional markets for electrostatic discharge packaging over
the forecast period
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