Press release
Shielding Bags Market to Record an Exponential CAGR by 2018 to 2028
Bags are essential for the packaging of goods owing to their ease of use for transportation & storage as well as the convenience offered to customers, due to which their usage is extensive. In general, bags have been found to be effective packaging solutions for electronic components, health supplements and food products, because of which their demand has increased in the past few years. This has resulted in the availability of technologically advanced bags, such as shielding bags, which are among practical packaging solutions. Shielding bags offer extra features for protection. There has been an increase in the demand for shielding bags, especially anti-static shielding bags, in the past few years.
Shielding bags have become an essential constituent for packaging in the electronics sector. The extra care required to protect medicinal products from moisture makes them essential for packaging in the pharmaceutical industry. In addition, shielding bags are a vital packaging solution for the protection of products from electrostatic hazards. Microchips in electronics need some extra protection as they get damaged easily due to excess moisture and static sources. Moreover, the high performance of shielding bags in the storage and transportation of goods and their ability to provide extra protection from moisture and corrosion makes them easy packaging solutions.
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Increasing preference from the electronics sector
The ever-increasing working population and their rising demand for electronic goods are among significant factors driving the shielding bags market. Increase in consumer products and smartphones & their accessories owing to growth in disposable income has boosted the demand for shielding bags. Shielding bags offer greater protection for electronic components from electrostatic hazards, owing to which they are gaining traction in the electronics sector. Another factor driving the shielding bags market is their increasing demand in the pharmaceutical products. These products provide an additional solution for better moisture and corrosion protection. The shielding bags market is also growing lucratively due to e-commerce channels as well as the industrial sectors that use & transport electronic components.
However, government rules & regulations for the usage of plastic bags is one of the factors restraining the shielding bags market. In addition, the high cost of anti-static bags and moisture-shielding bags is also likely to hamper market growth.
Rising demand from anti-static shielding bags
The shielding bags market can be segmented on the basis of product type, material type, application and region. The product type segment is further segmented into static shielding bags and antistatic shielding bags. Static shielding bags are primarily preferred over anti-static shielding bags owing to their extensive usage for protection against electrostatic hazards. In terms of material type, foil shielding bags, alufoil shielding bags and mylar shielding bags are some of the common types of shielding bags. On the basis of application, shielding bags are segmented into pharmaceutical, food, electronics and consumer goods. Electronics is the dominant share of the shielding bags market and the consumer goods segment is also growing. However, among material type segments, the usage of mylar shielding bags is increasing.
Highest growth from the Asia Pacific region
The shielding bags market can be segmented on the basis of geography into six regions: North America, Latin America, Europe, Japan, Asia Pacific excluding Japan and Middle East & Africa. North America accounts for the most significant share in the shielding bags market. It is followed by Asia Pacific and Europe due to the growth of the commercial sectors in these regions. The Asia Pacific region holds the maximum share of the shielding bags market due to an increase in the industrial area in the region. Latin America is also expected to register lucrative growth during the forecast period.
The maximum number of manufacturers of shielding bags are present in North America due an increase in consumer goods as well as the industrial sector in the region. Some of the key players in the shielding bags market are Dou Yee Enterprises (S) Pte Ltd.; Katzke Paper Co.; 3M Company; Protective Packaging Corporation, Inc.; IMPAK Corporation; Texas Technologies, Inc.; Teknis Limited; Advantek, Inc.; Hisco, Inc. and Digi-Key Corporation.
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This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
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