Electrostatic Discharge Packaging Market Share

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.