The global ESD bags market was valued at US$ 384.8 Million in 2021, according to Global ESD Bags Market Report, by Product Type (Anti-statics Bags, Dissipative Bags, Metallized Shielding Bags, and Conductive Bags), by Material Type (Polyethylene (PE) and Polyethylene Terephthalate (PET)), by End-use Industry (Electrical and Electronic, Chemical, Pharmaceutical and Aerospace), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa), published by Coherent Market Insights.
Global ESD Bags market was valued at US$ 384.8 Million in 2021. ESD Bags market is expected to register a CAGR of 6.9% over the forecast period (2022–2030). The North America region is expected to dominate market over the forecast period and is projected to be the largest and fastest-growing region.
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https://www.coherentmarketinsights.com/market-insight/esd-bags-market-2268
Browse 50 market data tables* and 40 figures* on "Global ESD Bags Market” - Forecast to 2030.
Key Trends and Analysis of the Global ESD Bags Market:
Conductive bags segment held significant market share in 2021 in the global ESD bags market and it is expected to witness significant growth during the forecast period. Conductive antistatic bags are manufactured with a conductive dielectric layer of plastics, metal, and aluminum covered in static dissipative coating. Conductive materials have low electrical resistance, therefore, electrons flow easily across the surface or through conductive materials. Charges are transferred to the ground or to another conductive object that the material contacts. Dissipative bags, also known as Pink Anti-Static (PAS) bags, are an economical option that offer protection against static dissipation. These bags are made from a single layer of conductive material (carbon-load polyethylene) that protects the bag’s contents from buildup of isolated static charges. Moreover, the cost of dissipative bag is low and significantly reduce damage of goods.
Key Takeaways of the Global ESD Bags Market:
- Europe is a prominent regional markets for ESD bags with the demand driven by the need for ESD shielding for a number of sensitive devices, equipment, and component. Thus, electrostatic discharge bags have seen a hike in their demand for the packaging of electrostatic-sensitive devices or products that contain flammable liquids or gases. Presence of large number of manufacturing units and key player such as EcoCortec and Daklapack group across the European region is predicted to drive the regional market growth in the forecast period.
- Asia Pacific accounted for a significant market share in 2021 in the global ESD bags market over the forecast period. This is owing to increasing demand for ESD bags such as anti-static bags from pharmaceutical industry in the region. Anti-statics bags ensure that there is no electrostatic charge present inside the bag used for packaging of bulk drugs manufactured by the pharmaceutical industries. Furthermore, these bags are lightweight and have high load bearing capacity. According to India Brand Equity Foundation (IBEF), Indian pharmaceutical exports stood at US$ 24.44 billion in FY21 and US$ 22.21 billion in FY22 (until February 2022). India is the 12th largest exporter of medical goods in the world. The country's pharmaceutical sector contributes 6%to the total merchandise exports.
- North America provides the ESD bags market with ample growth opportunities. The increase in adoption of technological devices in manufacturing and automobile industries has consequently boosted the need for transportation and adaptive packaging of these devices to protect them from damage.
- New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities are key strategies adopted by players in the global ESD bags market.
