Electrostatic Discharge (ESD) Packaging Market Expected to Reach $7.1 Billion by 2030—Allied Market Research

According to a new report published by Allied Market Research, titled, “Electrostatic Discharge Packaging Market," The electrostatic discharge packaging market size was valued at $3.5 billion in 2021, and is estimated to reach $7.1 billion by 2030, growing at a CAGR of 8.31% from 2022 to 2030.

Most electronic products require electrostatic discharge packaging (ESD) for safe shipping and storage. The packaging is made to keep static electricity at bay, ensuring the integrity of the contents inside the pack. A variety of causes can create static, including other gadgets, friction, and even the weather. ESD packaging is used in the automotive, defense & military, manufacturing, healthcare, and aerospace industries for a variety of applications. ESD packaging, which prevents electrostatic or static energy from damaging electronic equipment in transit, allows products to be safely transferred from one location to another.

Electronics also benefit from ESD Packaging because integrated circuits are constructed of semiconductor materials such as silicon and insulating materials, both of which can be damaged by high voltages. To avoid this problem, integrated circuit manufacturers and users must take measures and utilise the proper packaging materials and printing procedures.

Electrostatic discharge packaging market share growth is likely to be driven by extensive use of the packaging in protecting electronic goods during transportation from one place to another. The fundamental goal of ESD packaging is to protect a finished product from any electrostatic discharge that may occur during transit from the site of manufacture to its final destination, as well as to improve its protection against conventional physical damage. ESD packaging is designed to protect the contents of a package in two ways: it should prevent charges from building up within the box while also resisting and dissipating any charges on the outside.

However, the electrostatic discharge packaging market size is likely to experience a negative decline in the coming years owing to high cost of the packaging material. Since, the packaging material is very expensive, it adds more cost to the electronic products there by making it difficult for small scale industry to afford such packaging.

As the electronic goods manufacturing companies have increased in number, the demand for ESD packaging has also grown, substantially. ESD packaging has proven to be most effective in protecting electronics item like printed circuit boards from developed electrostatic discharge during transportation. Such factors are likely to boost electrostatic discharge packaging market growth in the predicted time span.

The global electrostatic discharge packaging market is segmented on the basis of product type, end-user, and region. Based on product type the market is divided into bags, trays, boxes & containers, ESD foams, ESD films, and others. Based on end-user, the market is segmented into network & telecommunication industry, consumer electronics, automotive industry, military & defense, healthcare, aerospace, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

IMPACT OF COVID-19 ON THE GLOBAL ELECTROSTATIC DISCHARGE (ESD) PACKAGING MARKET

The pandemic is predicted to have a negative impact on the global electrostatic discharge materials packaging sector. Most electronic manufacturing operations were shut down due to a government-imposed lockdown during the latest coronavirus outbreak. In addition, labor shortages, raw material shortages, and other obstacles inhibited the manufacture of electrical devices. These issues had a direct impact on the ESD packaging business. As a result of the outbreak, which forced many businesses to close down, some temporarily and others permanently, the use of electrostatic discharge packing has declined substantially. However, once the pandemic has passed, demand for ESD packaging is projected to increase.

Key findings of the study

On the basis of product type, bags product type sub-segment is predicted to have the maximum market share in the forecast period.

On the basis of end user, automotive industry sub-segment is predicted to have the maximum growth rate in the forecast period.

On the basis of region, Asia Pacific region is projected to remain the fastest-growing segment during the forecast period.

Some of the significant electrostatic discharge (ESD) packaging market players include Smurfit Kappa Group, BASF, Desco Industries, DowDuPont, PPG Industries, TIP Corporation., Conductive Containers Inc., Elcom (UK) Ltd., Tandem Equipment Sales Inc., Global STATCLEAN SYSTEMS, among others.