Electrostatic Discharge Bags To Witness Drastic Innovation With Launch Of New Initiatives And Product Launches

4 Jan
2022

 
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ESD (electrostatic discharge) bags are used to protect ESD-sensitive products such as electronics and electrical gadgets or equipment from static charges. Packaging materials made using polymers or metals are usually resistant to electrostatic discharge irrespective of the external environment. Business sectors such as electrical and electronics, automobiles, aerospace, manufacturing, and healthcare rely on electrostatic discharge bags. Increase in the use of military equipment across the world, such as fire control and navigation systems has intensified the requirement for ESD bags and pouches.

There are a few reasons that drive the growth and create opportunities for the market players in the ESD industry such as lower manufacturing process cost of ESD bags and their antistatic properties. As per the report published by Allied Market Research, the electrostatic discharge bags market is expected to reach $6.6 billion by 2030, manifesting a CAGR of 7.4% from 2021 to 2030.

However, the COVID-19 pandemic has restricted operations in the consumer electronic sector. The production of electronic devices was hampered owing to lack of labor, interrupted raw material supply, and strict travel restrictions. This has affected the production of electronic devices, causing a decline in the demand for electrostatic discharge bags. However, the market is expected to recover from the pandemic effect shortly. The packaging sector is expected to grow in the future and the demand for electronic items such as smartphones, laptops, and tablets is on rise, which will increase the demand for ESD bags.

On the other hand, with innovative product development, mergers & acquisitions in the market, new revenue opportunities are created for players.

Recently, Siemens, a global technological powerhouse and industrial manufacturing company has extended its electronic design automation support for Samsung process technologies. Siemens Digital Industries Software has made several electronic design automation (EDA) products compliant with the recent versions of Samsung Foundry’s advanced processes. This takes care of a variety of Siemens’ solutions that focus on packaging, electrostatic discharge rules, and integrated circuit (IC) design in the cloud.

It is crucial to pay attention to the packaging material of ESD bags. The market has witnessed the emergence of multiwall carbon nanotubes for electrostatic discharge applications over carbon black. Several companies such as StopStatic that focus on developing several anti-static or electrostatic discharge items for multiple industrial into ESD bags. Such innovations in the industry would open new opportunities in the ESD bags industry.

 
Alex Hillsberg

Alex Hillsberg

Chief editor of review team at FinancesOnline

Chief editor of review team at FinancesOnline Alex Hillsberg is an expert in the area of B2B and SaaS related products. He has worked for several B2B startups in the past and gathered a lot of first hand knowledge about the industry during that time.

 
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