The global Electrostatic Discharge Packaging Market Size is expected to exhibit a strong 8.2% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The report studies the global Electrostatic Discharge Packaging Market Size in detail to find out more about the market’s leading drivers and restraints, key segments, and dominant players.

The global Electrostatic Discharge Packaging Market Size is mainly driven by the growing global demand for the manufacturing and transportation of electronic components. The growing manufacturing of computers, smartphones, and other networking infrastructure is likely to be a major driver for the global Electrostatic Discharge Packaging Market Size over the forecast period, as the demand for electrical and electronic components is likely to grow over the forecast period and beyond with the rising reliance on digital communication media. Electrostatic discharge packaging protects the product from the effects of electrostatic discharge, which can hamper a product even before it is sold and considerably reduce its operational lifetime.

The growing demand for smartphones and other consumer electronics is likely to be a major driver for the global Electrostatic Discharge Packaging Market Size over the forecast period, as the growing demand for consumer electronics is likely to result in an increasing demand for the transportation of the same from the manufacturing sites to the assembly units. The growing demand for communication network infrastructure is also likely to be a major driver for the global Electrostatic Discharge Packaging Market Size over the forecast period, as the operations of the industrial sector as well as other, service-oriented sectors such as BFSI, healthcare, and government, are likely to rely increasingly on digital, 21^st-century communication methods in the coming years.

Competitive Analysis

Leading players in the global Electrostatic Discharge Packaging Market Size include Desco Industries Inc., GWP Group Limited, Protektive Pak, Elcom UK Ltd., Statico, Stephen Gould Corp., Summit Packaging Solutions, Tandem Equipment Sales Inc., and Teknis Limited.

Segmentation

The global Electrostatic Discharge Packaging Market Size is segmented on the basis of product, end use, and region.

By product, the global Electrostatic Discharge Packaging Market Size is segmented into bags, trays, boxes and containers, ESD foams, and others.

By end use, the global Electrostatic Discharge Packaging Market Size is segmented into communication network infrastructure, consumer electronics, computer peripherals, automotive, and others.

Regional Analysis

The global Electrostatic Discharge Packaging Market Size is segmented by region into North America, Europe, Asia Pacific, and rest of the world.

Asia Pacific is likely to dominate the global Electrostatic Discharge Packaging Market Size over the forecast period due to the growing electronics manufacturing industry in the region. Companies such as Samsung, LG, and Huawei are leading manufacturers of consumer electronics, the demand for which is being driven rapidly in Asia Pacific due to the growing disposable income of the consumers in Asia Pacific.

Following Asia Pacific, Europe is likely to hold a considerable share in the global Electrostatic Discharge Packaging Market Size over the forecast period due to the growing demand for safety in product consumption and usage. The steady advancement of the packaging industry in Europe has led to the legislation of several supportive regulations mandating the use of electrostatic discharge protection in electronics transportation and storage. This is likely to drive the Electrostatic Discharge Packaging Market Size in Europe over the forecast period.

North America is also likely to emerge as a key player in the global Electrostatic Discharge Packaging Market Size over the forecast period due to the growing demand for consumer as well as communication electronics in the region. The U.S. is likely to remain one of the leading regional markets for electrostatic discharge packaging over the forecast period.

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