Global Electrostatic Discharge (ESD) Packaging Market Growth to Increase Rapidly with Rising Demand for ESD Packaging in Electronics Industries

Electrostatic discharge (ESD) can create destruction in any sensitive electronics devices or electronic parts and modules. Therefore, ESD packaging is essential for any type of static-sensitive devices or components like circuit boards, power modules, and anything else that can be destructed by static electricity.

Most of the electronic devices are highly exposed to ESD that even a tiny amount of electricity can harm these devices. ESD packaging averts the transfer of electrostatic charges between two electronic devices, and safeguards them from any destruction. These days, several industries are using ESD packaging materials in huge quantities to shield several electronic devices. The speedy adoption of ESD packaging in a diversity of end-use industries, such as defence, military, manufacturing, healthcare, automotive, and aerospace, is massively driving the demand for electrostatic discharge (ESD) packaging materials. Additionally, manufacturing companies are greatly investing in recyclable ESD packaging materials, which is likely to pave way for profitable opportunities for the electrostatic discharge (ESD) packaging market in the years to come.

Newest Trends in the Electrostatic Discharge (ESD) Packaging Market

As per a report by Research Dive, the global electrostatic discharge (ESD) packaging market is expected to grow from $3,480.5 million in 2021 to $7,086.70 million by 2030. The electrostatic discharge (ESD) packaging market in North America is foreseen to grow rapidly with a CAGR of 7.76% from 2022 to 2030. This is mainly owing to the rising implementation of electronic devices in manufacturing and automobile sectors in this region, which has led to an increase in the requirement for the transportation and adaptive packaging of electronics devices to safeguard them from damage. North America is deliberated as the most rewarding market for the ESD packaging, due to the existence of huge number of manufacturing factories of ESD packaging materials in this region.

Market players are greatly investing in research and development to satisfy the mounting demand for electrostatic discharge (ESD) packaging. Some of the prominent players of the electrostatic discharge (ESD) packaging market are BASF, DowDuPont, TIP Corporation., PPG Industries, Conductive Containers Inc., Elcom (UK) Ltd., Tandem Equipment Sales Inc., Desco Industries, Global STATCLEAN SYSTEMS, Smurfit Kappa Group, and others. These players are focused on devising strategies, for instance, partnerships, mergers and acquisitions, innovative developments, and collaborations to attain a leading position in the global market.

For instance,

• In December 2020, Markforged, one of the leading producers of additive manufacturing platform for manufacturing and factory units, introduced Onyx ESD, a new high-strength composite material for the electronics manufacturing industry.
   
• In January 2022, Goplasticpallets.com, a leading independent supplier of Plastic Pallets, Plastic Pallet Boxes, and Plastic Containers in the UK, launched a novel range of plastic containers that have electrostatic discharge (ESD) properties to its prevalent automotive range.
   
• In April 2022, Fortify, a cutting-edge manufacturing firm creating a novel generation of high-performance products, launched the most rugged, high-temp ESD material available in AM, powered by Loctite, one of the foremost Henkel brands, a worldwide leader in industrial adhesive solutions.

COVID-19 Impact on the Electrostatic Discharge (ESD) Packaging Market

The unexpected rise of the COVID-19 pandemic in 2020 has plummeted the growth of the global electrostatic discharge (ESD) packaging market. This is mainly because many electronics manufacturing industries were forced to shut down during the lockdown. Moreover, the manufacture of electronic devices was hampered owing to unavailability of labours, raw material supply, and other problems during the crisis. However, with the relaxation of the pandemic by the end of 2021, many electronics manufacturing companies have resumed their processes, which indicates that a steep rise in the demand for ESD packaging is expected. All these factors portray that the global electrostatic discharge (ESD) packaging market is likely to have an auspicious future in the forthcoming years.