Esd Packaging Market Segments, 8.2% of High CAGR, Growth, Statistics, Industry Forecast to 2023 | Global Esd Packaging Market by Product (Bags, Trays, Boxes & Containers, ESD foams, others), by end-users (Communication network infrastructure, Consumer electronics, Computer peripherals, Automotive industry, others) and by Region (Asia-Pacific, North America, Europe, Row) – Forecast to 2023
Esd Packaging Market Scope
Market Research Future (MRFR) in its latest “Esd Packaging Market” report, states that the market is expected to expand at around 8.2% CAGR across the assessment period of 2017 to 2023.
Electrostatic discharge (ESD) packaging are extensively used in the packaging of electronics products. The increase in the need for consumer electronic items and the ability of electrostatic discharge packaging to maintain a high degree of integrity of products are major factors that are expected to surge the global market of electrostatic discharge packaging. The expansion of the global Esd Packaging Market can also be attributed to the rise in demand for electronic devices and an increase in the need for miniaturization of electronic gadgets. The growing need for portable electronic devices is also escalating the adoption of electrostatic discharge (ESD) packaging across the electronics industry, which is expected to accelerate the growth of its market. In addition, the increase in the need for cost-effective, lightweight, and compact electronic devices is expected to promote the expansion of the Esd Packaging Market in the years to come. These factors are identified as some of the transformational forces that can influence the expansion of the market.
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Electrostatic Discharge Packaging (ESD) Market Key Players
MRFR listed some of the high profile companies that are operating in the global market of the Esd Packaging Market. They are;
- GWP Group Limited
- Desco Industries Inc.
- Elcom UK Ltd.
- Teknis Limited
- Protektive Pak
- StaticSummit Packaging Solutions
- Stephen Gould Corp.
- Tandem Equipment Sales Inc.
Market Segmental Outline
The Esd Packaging Market’s segmental study is based on product and end-user.
By product, the market of electrostatic discharge packaging is segmented into trays, bags, boxes, ESD foams, containers, and others. By end-user, the global Esd Packaging Market is divided into consumer electronics, computer peripherals, communication network infrastructure, automotive, and others
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Detailed Regional Outlook
The worldwide Esd Packaging Market is observed to grow at a rapid pace. The market in Asia Pacific is expected to hold command on the global Esd Packaging Market across the years of assessment. The fast-expanding electronics manufacturing industry is expected to contribute majorly to the growth of the Esd Packaging Market.
The presence of electronics manufacturing titans in the Asia Pacific is likely to contribute to the competitive landscape of the market. The population base of the Asia Pacific region is large. And, as the standard of living of the people of the region rise, the consumption of better electronics is rising. This is likely to surge the adoption of electrostatic discharge packaging. This is expected to surge its Asia Pacific market. In addition, the robust economy of the region and an increase in the purchasing power of people are also expected to escalate the regional market growth. The rise in production of communication equipment in economies of the APAC is another key driver for the market.
The Esd Packaging Market in Europe is expected to hold a sizable share of the global market over the review period. The supportive legislative of Europe are funding for research and developmental activities. And, the steady advancement of the packaging industry is also expected to boost the expansion of the regional market. In addition, the growth of the Esd Packaging Market in Europe can be attributed to the increase in use of the same in the protection, storage, and the transportation of electronics goods. The market in North America is likely to emerge as the fastest-growing regional market. It is due to the growing demand for communication electronics among consumers, the regional market is expected to prosper.
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