Growing: Huge Revenue generation in the Global Electrostatic Discharge (ESD) Packaging Market

Shipping of electronic goods and equipment is challenging in comparison to other products as electronic devices need to be protected from electric charges. Electronic items are sensitive to electrical charges, even a minor static charge caused by friction can cause damage to the products. Apart from electronic equipments, flammable gases or liquids also need protection from static charges. Failure to do so can lead to loss of entire shipment of goods thus, electrostatic discharge (ESD) packing method is recommended to ensure appropriate care and protection of these goods. ESD packaging is divided into three types– conductive material, anti-static material, and dissipative material. ESD type of packaging helps in averting issues like direct discharge, triboelectric charge generation, and electrostatic fields during shipping.

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Forecast Analysis of Electrostatic Discharge (ESD) Packaging Market

The global electrostatic discharge (ESD) packaging market will rise exponentially in the upcoming years. This is due to increasing use by the end-users like healthcare, automobile, manufacturing, defense, and aerospace. Since goods are constantly shifted and shipped by these end-user sectors, ESD packaging plays a major role in safeguarding products. For instance, an article on antistat.com stated that all electrical equipment in the automotive sector is prone to electric charges. Assembly lines, robotic materials, computers, hand tools, and metal surfaces need safeguarding with ESD packaging. Furthermore, it is recommended for automotive manufacturers to use ESD gloves, wrist straps, heel straps, antistatic clothing, and shielding bags to avert any buildup charges.

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Apart from this, pharmaceuticals and medical device delivery industries are opting for ESD packaging during transport and also in the hospitals. Moreover, the medical device pacemaker OEMs (Original Equipment Manufacturer) was the first one to use ESD packaging for transport. Safety and security of goods is duly promised by ESD packaging, thus boosting the electrostatic discharge packaging market growth in the forthcoming years. However, high cost associated with ESD packaging solutions is anticipated to restrain the market growth in the coming years.
Apart from this, a new trend of utilization and investment in biodegradable electrostatic discharge package by companies is estimated to open up new opportunities for the global market in the future. According to a report published by Research Dive, the global electrostatic discharge (ESD) packaging market is expected to reach $5,773.1 million by 2027. Further, the North American region holds the largest market share due to the presence of numerous manufacturing units in the area.

Latest Developments of the Electrostatic Discharge (ESD) Packaging

The well-established players of the global electrostatic discharge (ESD) packaging market are opting for unique strategies such as mergers & acquisitions, product announcements, creating product portfolios, and financing in research & development projects. These strategies are helping companies to gain an upper edge in the global market. For instance, in January 2021, Cortec, globally recognized in the corrosion protection business, announced the launch of Eco Wrap, a compostable, machine grade, industrial strength stretch film with a certified tackifier and compostable resin additive. This can be utilized in industrial packaging and warehousing industries.

Further, in December 2020, Markforged, an additive manufacturing company, revealed Onyx ESD, a high tensile strength composite material for the electronics manufacturing sector. This product is developed to gain tight surface resistance range in order to meet strict ESD-safe requirements.
In May 2019, Innofil3D, a 3D material manufacturer in Dutch, now taken over by BASF, a German based chemical company, introduced two filaments for FFF 3D printers. Out of the two, ultrafuse Z PCTG is the very first electrostatic discharge safe filament developed by BASF.

Covid-19 Impact on the Market

The electrostatic discharge (ESD) packaging market witnessed a downfall during the Covid-19 pandemic. The decrease in the use of ESD packaging was mainly due to closure of industries, either temporarily or permanently. Nevertheless, the market is likely to get back on track once the chaos of the pandemic dies down in the near future.

Future Scope of the Market

Since electronic gadgets and goods are highly expensive and sometimes irreplaceable. It is beneficial to use ESD packaging solutions to ensure safety of electronic equipments. Moreover, the market is anticipated to hold lucrative opportunities in the future due to developments of eco-friendly ESD packaging.

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