Electrostatic Discharge Packaging Market size was valued at USD 2 Billion in 2023 and is predicted to cross USD 5.3 Billion by the end of 2036, expanding at more than 6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of electrostatic discharge packaging is assessed at USD 2.12 Billion.
The ESD packaging market is anticipated to expand significantly as a result of technological advancements since more electronic components and gadgets are becoming vulnerable to electrostatic discharge. According to the International Energy Agency, with an average of more than 1.3 televisions in every home with access to power, there are currently close to 2 billion televisions in use. More than half of the world's population has a mobile phone subscription, and there are already more than 5.5 billion external power supplies connected to various electronic gadgets. Therefore, the growing use of electronic gadgets is driving the growth of the electrostatic discharge (ESD) packaging market.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
6% |
|
Base Year Market Size (2023) |
USD 2 Billion |
|
Forecast Year Market Size (2036) |
USD 5.3 Billion |
|
Regional Scope |
|
Material Type (Conductive Plastics, Metal, Static Dissipative Plastics, Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC))
Conductive plastics segment in the electrostatic discharge packaging market is poised to reach USD 620 Million by 2036. The segment growth can be credited to the growing usage of ESD packaging in the electronic industry. Electrostatic discharge is effectively dissipated by conductive plastics and coatings, which provide a direct conductive channel for static charges.
These materials provide consistent ESD protection because of their predicted surface resistance level. Sensitive electronic components can be shielded from external ESD threats with exceptional ESD shielding efficacy from metal foil and metalized films.
Packaging Type (Chipboard Boxes, Corrugated Boxes, Tote Boxes, Tubes and Clamshells)
Chipboard boxes segment in the electrostatic discharge packaging market is set to register more than 5.3% growth from 2024 to 2036. The segment growth can be attributed to the growing demand for cost-effective packaging. According to the World Packaging Organization, the cost of packaging accounts for 48 cents of every dollar (48%) spent on Coke's products. Primary containers and flexible packaging, or the wrappers and containers that provide instant protection to the packaged product, account for 60% of the market. Because they are affordable and lightweight, chipboard boxes are perfect for shipping and storing tiny, light-weight electronic components. Their little weight makes them appropriate for sectors that need economical packaging solutions and lowers shipping expenses.
End-use (Electronics and Semiconductors, Automotive, Aerospace and Defense, Healthcare, Industrial Machinery, Consumer Goods)
Electronics & semiconductors segment is predicted to hold ESD packaging market share of more than 32% by 2036. The segment growth is impelled by the growing use of ESD packaging in the electronic industry to protect the components from electrostatic damage. The electronics manufacturing industry deals with a wide range of ESD-sensitive components, such as integrated circuits, microprocessors, and printed circuit boards. ESD packaging is crucial to protect these components during assembly, testing, and transportation.
Our in-depth analysis of the global market includes the following segments:
|
Material Type |
|
|
Product Type |
|
|
Packaging Type |
|
|
ESD Classification |
|
|
Application |
|
|
End-use |
|
North America Market Statistics
Electrostatic discharge packaging market size for North America region is expected to reach USD 560 Million by 2036. The market growth in the region is also expected on account of the increased need for transportation and customized packaging of these gadgets to prevent damage as a result of the manufacturing and automotive industries' expanding usage of technological equipment.
Electrostatic discharge packaging is seeing rapid growth in the market due to the United States's robust electronics manufacturing sector, which creates a wide range of electric devices and components. According to the US Environmental Protection Agency, 12% of household power use in the United States is attributed to the twenty-four consumer electronics that the average household possesses.
To take advantage of new opportunities and adapt to changing client expectations, major businesses in Canada are concentrating on product innovation, sustainability, and customer-centric solutions. Additionally, the need for high-quality ESD packaging solutions to protect delicate components from electrostatic harm is driven by the emphasis on product quality, reliability, and performance in crucial applications, such as aerospace, defense, medical devices, and automotive electronics.
APAC Market Analysis
The APAC region will also encounter huge growth for the electrostatic discharge packaging market during the forecast period and will hold the second position owing to the increased proliferation of smartphones, tablets, wearables, and IoT devices is propelling the demand for ESD packaging. According to the Asia Development Bank, Asia Pacific saw average annual growth rates of 10.1% and 8.0% for exports and imports of digitally deliverable services during that time, compared to a global average of 6.9% for exports and 6.7% for imports.
China's electrostatic discharge (ESD) packaging market is expanding due to the country's strong presence of top manufacturers, increased exports of electronic gadgets, and quickening pace of electronics production and sales. Similar to this, it is anticipated that China's growing information and communication technology goods sector will increase demand for electrostatic discharge (ESD) packaging. According to UNCTAD, China is the world's top exporter of ICT goods, making up nearly 30% of all exports, as is usual for such commodities.
The key reasons propelling the electrostatic discharge packaging market in Japan include the rapidly growing packaging industry, the rising use of electronic devices in a variety of industries, and the increased emphasis on safeguarding delicate electronics during transit. Likewise, during the projection period, the nation's growing military spending and expenses will drive up demand for electrostatic discharge packaging solutions.
These companies concentrate on forming strategic alliances, introducing new products, and commercializing them to grow their markets. These companies are also making significant investments in research, which enables them to launch cutting-edge goods and maximize market share.
Author Credits: Abhishek Anil
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?