Electrostatic Discharge (ESD) Packaging Market: Current Analysis and Forecast (2021-2027)

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The Global Electrostatic Discharge Packaging is Expected to Display an Elevated CAGR over the forecast period (2021-2027)

A rise in the manufacturing, industrial, commercial, and residential sectors is leading to the growing demand for electrostatic discharge packaging, globally. As per United Nations Industrial Development Organization, after COVID-19 Most countries saw a recovery in manufacturing in the third quarter of 2020, after the collapse experienced in the first half of the year due to the COVID-19 pandemic. China had already returned to growth in the previous quarter and has now exceeded its pre-crisis manufacturing production level. Nonetheless, updated UNIDO forecasts anticipate an unprecedented decline in global manufacturing of 8.7% for 2020. Moreover, the global economy witnessed a 4.3% contraction in 2020, however, the economy is expected to expand by 4% in 2021, as revealed by the world bank. Furthermore, a rise in per capita income globally is leading to the growing demand for luxury such as hi-tech vehicles, IoT featured home appliances and the adoption of electric vehicles. These all factors would be demand drivers for the electrostatic discharge packaging in the forecasted years.

Furthermore, the demand for electrostatic discharge is emerging from the automotive sector. As per OICA, America reports a 20% share of the global production with 15.7 million units. The growing demand for electric vehicles is also propelling the growth of the market. As per Statista, it is estimated that some 1.2 million battery electric vehicles will be sold to customers in North America by 2025.

Moreover, the growing several industries including defense & military, healthcare, manufacturing, automotive, and aerospace for numerous operational uses is leading to the growth of the market. Also, the rising investments by many companies in biodegradable electrostatic discharge packages in the country are projected to open doors to profitable opportunities for the growth of the market throughout the forecast period.

Industrial Production In North American Countries, (2015=100), 2016-2019

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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., etc., are some of the prominent players operating in the Electrostatic Discharge Packaging market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with innovative products.

Insights Presented in the Report

“Amongst product type, bags segment grabbed major market share”

Based on the product type, the market is fragmented into Bags, Trays, Boxes & Containers, ESD foams, and Others. The bags segment grabbed the major market share in 2020 and dominated the market. The bags protect ignition by dissipating charge build-up. Filling or emptying can be carried out in flammable environments without the risk of a fire accident. Storage space can be utilized to the maximum as the bags are stackable.

“Amongst material & additive type, Conductive & Dissipative Polymers segment to grab considerable market share”

Based on the material & additive type, the market is fragmented into Conductive & Dissipative Polymers, Metal, and additives. The conductive & dissipative polymers segment grabbed XX% market share. The market of this segment would reach USD XX Mn by 2027. Uncontrolled electrostatic discharges (ESD) cause component failures and breakage during electronics production and transportation. The conductive and static dissipative plastic compounds protect components from ESD. Also, it reduces the extent of hidden failures and guarantees a longer operation life for electronic devices.

“Amongst end-user, Electrical and Electronic segment to grab considerable market share”

Based on the end-user, the market is fragmented into Electrical and Electronic, Automobile, Defense & Military, Manufacturing, Aerospace, Healthcare, and Others. The automotive segment grabbed XX% market share and captured USD XX Mn market in 2020. However, the electrical & electronics segment would witness a robust CAGR during the forthcoming years

“Asia-Pacific represents one of the largest markets of Electrostatic Discharge Packaging market”

For a better understanding of the market adoption of the Electrostatic Discharge (ESD) Packaging Market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific region grabbed XX% market for the Electrostatic Discharge (ESD) Packaging Market industry and generated revenue of USD XX Million in 2020. However, the Europe region would witness the highest CAGR during the forthcoming year.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry

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Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Electrostatic Discharge Packaging Market were the three major steps undertaken to create and analyze the demand for Electrostatic Discharge Packaging across major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Electrostatic Discharge Packaging market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/ bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

A detailed secondary study was conducted to obtain the historical market size of the Electrostatic Discharge Packaging through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Electrostatic Discharge Packaging market, we conducted a detailed secondary analysis to gather historical market insights and share for product, material & additive type, and end-user for major regions. Major segments included in the report are product, material & additive type. Further region and country-level analyses were conducted to evaluate the overall adoption of Electrostatic Discharge Packaging across the globe.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Electrostatic Discharge Packaging. Further, we conducted factor analysis using dependent and independent variables such as the growing industrial sector, growth in adoption of electric vehicles, etc., A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Electrostatic Discharge Packaging industry across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Electrostatic Discharge Packaging market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. bottom-up/ top-down approach were applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and the adoption rate of Electrostatic Discharge Packaging across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the Electrostatic Discharge Packaging market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

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Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Electrostatic Discharge Packaging market. Data was split into several segments sub-segments post studying various parameters and trends in the areas of product, material & additive type, and end-user of the Electrostatic Discharge Packaging market.

Main Objective of the Electrostatic Discharge Packaging Market Study

The current & future market trends of Electrostatic Discharge Packaging were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of Electrostatic Discharge Packaging in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of product, material & additive type, end-user
• Define and analysis of the regulatory framework for the Electrostatic Discharge Packaging industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the Electrostatic Discharge Packaging market for the major countries
• The major region studied in the report includes North America, Europe, Asia- Pacific, and the Rest of the World.
• Company profiles of the Electrostatic Discharge Packaging market and the growth strategies adopted by the market players to sustain in the fast-growing market

Deep dive regional level analysis of the industry