The Electrostatic Discharge Packaging Market is expected to grow at an exponential CAGR from 2021-to 2027.
A comprehensive overview of the Electrostatic Discharge Packaging market is recently added by UnivDatos Market Insights to its humongous database. The Electrostatic Discharge Packaging report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Electrostatic Discharge Packaging market. The Electrostatic Discharge Packaging report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing market growth. Furthermore, this statistical market research repository examines and estimates Electrostatic Discharge Packagings at the global and regional levels. The Electrostatic Discharge Packaging Market is expected to grow at an exponential CAGR from 2021-to 2027.
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Market Overview
Electrostatic Discharge Packaging (ESD) is vital to the safe transportation and storage of most electronic products. It is specifically designed to keep static electricity at bay and thus ensure the integrity of the products contained within the pack. The manufacturing sector has been growing rapidly across the globe is a major part of the economy as it accounts for nearly 16% of the global GDP in 2018. As a result, the government across the countries primarily focuses on encouraging the manufacturing sector. The manufacturing sector For instance, as per one of the leading market research firms, the global market for manufacturing and process control is expected to reach USD 117.7 billion by 2025 with a CAGR of 6.3% for the period of 2020- 2025.
Moreover, electrostatic discharge packaging is used in various industries such as automotive, defense & military, healthcare, aerospace, etc., The growth in these industries is adding pace to the growing market of electrostatic discharge packaging.
COVID-19 Impact
The covid-19 pandemic has inflicted disruptions on manufacturing activities and supply chains across the globe. The pandemic-led interruptions and the lockdown norms implemented in various countries to contain the pandemic have bottlenecks in the bulk movement of non-essential goods. The factor also led to a decline in demand for consumer goods, electronics, etc., which adversely affected the growth dynamics of the Electrostatic Discharge Packaging market. However, with the stabilization in economies, manufacturing activities would also spur the growth of the sectors, due to which the demand for Electrostatic Discharge Packaging has started spurring.
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The Electrostatic Discharge Packaging Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By product, the market is primarily bifurcated into
• Bags
• Trays
• Boxes & Containers
• ESD foams
• Others
The bags segment grabbed XX% market share in 2020. The key benefits of bags such as Low cost, Abrasion-resistant, Variety of ESD bags available in different sizes, Custom made ESD bags based upon your industry requirements, High-level protection from ESD, Provides superb protection for populated Boards, Highly1 durable and reliable are leading to the growth of the market.
By end-user, the market is primarily bifurcated into
• Electrical and Electronic
• Automobile
• Defense and Military
• Manufacturing
• Aerospace
• Healthcare
The automobile segment grabbed XX% market share in 2020. . All electrical equipment in the automotive sector is prone to electric charges. Assembly lines, robotic materials, computers, hand tools, and metal surfaces need safeguarding with ESD packaging. Furthermore, it is recommended for automotive manufacturers to use ESD gloves, wrist straps, heel straps, antistatic clothing, and shielding bags to avert any buildup charges.
Electrostatic Discharge Packaging Market Geographical Segmentation Includes:
· North America
· Europe
· Asia-Pacific
· Rest of the World
Based on the estimation, the Asia-Pacific region grabbed XX% market share in 2020. Emerging automotive and other industries such as defense and military, aerospace, healthcare, etc., are leaning toward the growing demand for the electrostatic packaging market. However, the Europe region would witness a robust CAGR in the forthcoming years.
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The major players targeting the market includes
• BASF SE
• Desco Industries Inc.
• PPG Industries, Inc.
• TIP Corporation Sdn Bhd
• Smurfit Kappa
• DS Smith
• Sealed Air
• Pregis LLC
• STOROPACK HANS REICHENECKER GMBH
• NEFAB GROUP
The degree of competition among prominent regional companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Electrostatic Discharge Packaging market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the Electrostatic Discharge Packaging Market?
· Which factors are influencing the Electrostatic Discharge Packaging market over the forecast period?
· What are the global challenges, threats, and risks in the Electrostatic Discharge Packaging Market?
· Which factors are propelling and restraining the Electrostatic Discharge Packaging Market?
· What are the demanding global regions of the Electrostatic Discharge Packaging Market?
· What will be the global market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by global companies?
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About UnivDatos Market Insights
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