The global electrostatic discharge (ESD) packaging market
is fragmented and unorganized because most vendors produce ESD
packaging as part of a larger product line on account of similarities
with other products such as bubble bags and polybags. Competition in the
market is intense and keen players are seen taking the mergers and
acquisitions route to grow their share. They are also seen devising
means to make inroads into different markets.
Some of the prominent participants in the
global electrostatic discharge (ESD) packaging market are Smurfit Kappa
Group, DS Smith Plc, Sealed Air Corporation, Pregis Corporation,
Achilles Corporation, Desco Industries Inc., Storopack Hans Reichenecker
GmbH, Teknis Limited, Elcom (UK) Ltd., Summit Container, Corporation,
Kiva Container, Delphon Industries, LLC, Protective Packaging
Corporation, GWP Group Limited, International Plastics Inc., AUER
Packaging GmbH, Dou Yee Enterprises (S) Pte Ltd., and Botron Company
Inc.
As per a research study by Transparency
Market Research, the global electrostatic discharge packaging market
will likely clock a CAGR of 7.2% during the period between 2017 and
2027. Expanding at this pace, the market valued at US$1.3 bn in the
currently is expected to reach US$2.6 bn by 2027.
Bags, trays, clamshell, shrink films,
boxes and containers, tapes and labels, foams, totes/IBC, racks, etc.
are some of the key products in the electrostatic discharge (ESD)
packaging market. Of them, the segment of bags surpasses all others both
in terms of value and volume. The segment is expected to grow its value
by clocking maximum CAGR of 8.4% from 2017 to 2027 to pull in a revenue
of US$841.4 mn by 2027.
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Geographically, the key segments of the
global electrostatic discharge (ESD) packaging market are Europe, Asia
Pacific, North America, Latin America, and the Middle East and Africa.
Currently, Asia Pacific leads the market with maximum share on the back
of a large number of electronic manufacturers in China, Taiwan, South
Korea, and Japan. The value in the market in the region is projected to
reach US$1.40 bn by 2027.
Electronics and Electrical Industry at Forefront of Driving Demand
The soaring demand electrostatic
discharge (ESD) packaging is primarily being driven by the ESD prone
components in the booming electronic and electrical industry. It is seen
that absence of suitable packaging or generation of static electricity
often damages electrical devices. ESD packaging helps to overcome such
challenges. Besides the electronics and electrical industry, the defense
and military segments in developed nations are also serving stoke
demand in the market.
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