Portland, OR, December 9, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the electrostatic discharge (ESD) bags Marlet generated $ 3.2 billion in 2020 and is expected to reach $ 6.6 billion by 2030, with a CAGR of 7.4% from 2021 to 2030. The report provides a detailed analysis of the changing dynamics market, major segments, value chain, key investment pockets, regional scenario, and competitive landscape.
The increase in the use of ESD bags in various applications, significant market growth and increase in electronic equipment packaging are driving the growth of the global Electrostatic Discharge (ESD) bags market. On the other hand, the development of innovative products and the increase in merger and acquisition activities aimed at improving the product portfolio of manufacturers are expected to create potential opportunities in the target market in the coming years.
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- The outbreak of the COVID-19 pandemic has resulted in the global lockdown and temporary closure of most consumer electronics industrial sites, thereby negatively affecting the overall growth of the global electrostatic discharge (ESD) bags market.
- The pandemic has also caused disruptions in the supply chain, obstructions in the production of electronic devices, labor shortages, an increase in the price of raw material supply and other problems.
- Nevertheless, the market is expected to experience significant growth in the post-pandemic period.
The report offers detailed segmentation of the global Electrostatic Discharge (ESD) bags market on the basis of application and region.
On the basis of applications, the consumer electronics and computer peripherals segment held the largest market share in 2020, holding more than two-thirds of the total market share, and is expected to retain its leading status over the course of this year. the forecast period. Additionally, the automotive segment is expected to register the highest CAGR of 8.3% from 2021 to 2030.
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Based on region, North America contributed the highest share in terms of revenue in 2020, holding nearly a third of the global emulsified fuels market share, and is expected to retain its dominant share in ‘by 2030. In addition, Asia-Pacific Expected to Post Fastest CAGR 8.6% over the forecast period.
Major players of the Global Electrostatic Discharge (ESD) Bags Market analyzed in the research include 3M Company, Miller Packaging, Advantek, Inc., Protective Packaging Corporation, Teknis Limited, Digi-Key Electronics, Dou Yee Enterprises (S) Pte Ltd ., Edco Supply Corporation, Statclean Technology (S) Pte Ltd and Electrotek Static Controls Pvt., Ltd.
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Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of âmarket research reportsâ and âbusiness intelligence solutionsâ. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
Pawan Kumar, CEO of Allied Market Research, leads the organization towards providing high quality data and information. We have professional relationships with various companies which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is taken from primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.