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Press Release: ESD Bags Market to Surpass US$ 601.48 Million by 2026
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Global ESD Bags Market - Insights
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.
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.
Figure 1. Global ESD Bags Market Share, By Product Type, 2017
Source: Coherent Market Insights, 2017-18
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.
Figure 2. Global ESD Bags Market Share, By Region, 2017
Source: Coherent Market Insights, 2017-18
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.
Electrostatic Discharge (ESD) bags are used for shipping of electronic components and devices. They are used to prevent electrostatic or static electricity from damaging electronic items in transit. There are three types of ESD bags: antistatic bags, dissipative bags, and metallized shielding bags.
Market Dynamics
Increasing demand for ESD bags from end-use industries is driving the global ESD bag market growth. This is owing to properties of ESD bag such as low cost of manufacturing process, high ESD shielding effectiveness, permanent antistatic properties, protection from contamination, and corrositivity of packaged contents.
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 Program (UNEP), around 322 million tons of plastic was produced in 2015 worldwide.
Among product type, antistatic bag held significant market share in the global ESD bags market, owing to its increasing demand from end-use industries such as electronic industry. Anti-static bags are used to maintain a static-free environment for the electronic product as computer components and items of similar nature can be easily damaged by static discharge.
By region, Asia Pacific accounted for the highest market share in the global ESD bags market in 2017 due to significant demand of ESD bags from economies such as China, India, South Korea, and Japan. Increasing demand for ESD bags from various industries such as electrical & electronics, aerospace, pharmaceutical and chemicals in the region is contributing to growth of the market. Furthermore increasing electronic industry driving the ESD bags market in region. For instance, according to India Brand Equity Foundation (IBEF), in India, electronic market was valued at US$ 100 billion in 2016 and it is expected to reach at US$ 400 billion in 2020 witnessing the CAGR of 41.4% during forecast period (2016-2020).
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
* Browse 110 market data tables* and 44 figures* on "ESD Bags Market” - Global forecast to 2026.
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