Home Chemical ESD Bags Market With Focus On Growth Analysis, Production, Consumption, Revenue, Analysis By 2026
ESD Bags Market With Focus On Growth Analysis, Production, Consumption, Revenue, Analysis By 2026

ESD Bags Market With Focus On Growth Analysis, Production, Consumption, Revenue, Analysis By 2026

ESD (Electrostatic Discharge) bags such as anti-static bags, metallized bags, and conductive bags are used for storing electronic component, which are prone to damaged caused by Electrostatic Discharge (ESD). It is made from plastics such as Polyethylene Terephthalate (PET) and polyethylene. The bags have three distinctive colors: silvery for metallized film and pink or black for polyethylene. ESD bags are used to prevent electrostatic damage of electronic items during transportation. Electrostatic discharge (ESD) is the sudden flow of electricity between two electrically charged objects caused by contact, an electrical short, or dielectric breakdown.

Rapid growth in packaging industry is one of the major factors driving growth of the global ESD bags market. For instance, according to India Brand Equity Foundation, (IBEF), the Indian packaging industry was valued at US$ 17.3 billion 2011 and it was increased by 27.8 billion in 2014 with a witnessing CAGR of 14.9%. Anti-stats bags are used in various industries such as electronics, chemicals, and pharmaceuticals. These bags prevent electronic devices from electrostatic discharging (ESD) that may occur during movement or shipping of these devises.

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However, growing environmental concerns regarding plastic pollution is a major factor hindering growth of the global ESD bags market. According to the United Nations Environment Programme (UNEP), around 322 million tons of plastic was produced in 2015 globally. Moreover, according to a study published in the journal Science Advances, in June 2017, around 8.3 billion metric tons of plastic was manufactured, of which 6.3 billion metric tons was converted into plastic waste and only 9% was recycled globally.

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.

Among product type, anti-static bag segment held a significant market share 47% in the global ESD bags market in 2017, owing to increasing demand for its applications in electronics industry. Major application of anti-static bag is packaging of electronic products. Computer components and items of a similar nature can be easily damaged by static discharge. Anti-static bags are used to maintain a static-free environment for electronic products.

North America held significant market share in 2017, owing to increasing use of devices such as mobile phones, tablets, and laptops. Increasing use of these devices is expected to propel demand for ESD bags such as anti-static bags for packaging electronic components and devices in order to protect from mechanical and electrostatic damage. Furthermore, according to the U.S. General Services Administration, in 2015, around 378 million tablets and smartphones were in use in the U.S. Moreover, according to Consumer Technology Association (CTA), unit volume shipping of smartphones in the U.S. is expected to increase by 2% to reach 189 million in 2018, while revenue is expected to increase by 3% to reach US$ 62.9 billion in 2018 in the U.S.

To know the latest trends and insights prevalent in this market, click the link below: https://www.coherentmarketinsights.com/market-insight/esd-bags-market-2268 

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

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Anagha Kulkarni
Anagha Kulkarni,

Anagha Kulkarni
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