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ESD Foam Packaging Market - Higher Dimensional Stability Driving Growth

08-29-2018 11:11 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Featuring a largely fragmented and unorganized structure owing to the presence of a large number of small scale regional manufacturers and distributors, the vendor landscape of the global market for electrostatic discharge (ESD) foam packaging can be considered highly competitive but easy to foray into, observes Transparency Market Research in a recent report.

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Companies in the market compete on the basis of cost and features of their products. To gain a larger hold on the market, leading vendors have diverted their focus on consolidation activities through strategic collaborations and mergers and acquisitions.

According to the report, the global ESSD packaging market is expected to exhibit a promising 6.3% CAGR over the period between 2017 and 2022, rising to a valuation of US$233.8 mn by 2022.

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In terms of application, the segment of electric and electronic component accounts for the dominant share in the market and is likely to remain the most lucrative application segment over the forecast period as well. Geographically, the market in Asia Pacific, except Japan, is likely to emerge as the most promising regional market over the report’s forecast period.

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The market is likely to benefit from the rising adoption of internet of things (IoT) across the globe and the corresponding rise in uptake of a variety of small and large electronics and electrical devices that require proper transportation to ensure that tiny components are not harmed.

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Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

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