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The Global Anti-Static Polyethylene Bag Market is estimated to exhibit a CAGR of 11.2% during the forecast period.
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Static-sensitive products, among other things, are stored and transported in plastic bags referred to as anti-static bags. They are made of an insulator, which prevents electric current from flowing through them and reaching the soil. This minimises or entirely avoids the accumulation of electrostatic charge, which, when released, can cause sparks and harm surrounding components like the integrated circuits of semiconductor devices. The growing inclination for electronics, consumer durables, and smartphone accessories against the backdrop of increased disposable income among the working population is one of the significant reasons influencing the growth of the anti-static bag market. Additionally, the fact that anti-static bags maximize the protection of electrostatic and sensitive components from potential electrostatic risks is another element contributing to their expansion.
List of Prominent Players in the Anti-Static Polyethylene Bag Market:
Protective Packaging Corporation
Teknis Limited
3M Company
Digi-Key Corporation
Hisco, Inc.
IMPAK Corporation
Dou Yee Enterprises (S) Pte Ltd
Advantek, Inc
Miller Packaging
Daklapack Group
Edco Supply Corporation
Naps Polybag Co
Polyplus Packaging
Sharp Packaging Systems
Tip Corporation
Mil-Spec Packaging
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Market Dynamics:
Drivers:
Growth possibilities for anti-static polyethylene bags are attributed to consumers’ growing preference for durable goods due to rising disposable income. Features like protection from electrostatic discharge primarily drive the market demand for anti-static polyethylene bags. The market need for anti-static polyethylene bags is projected to increase due to the demand for pharmaceutical items and the online sales channels that promote the expansion of the pharmaceutical business. Static discharge buildup may result in product damage, necessitating the products’ return and claim procedures. Additionally, avoiding electrostatic discharge is critical because it can result in electronics failure or component ignition. Therefore, producers choose anti-static polyethylene bags to shield their goods from harm. Electrical components are widely utilized and have a wide range of applications, which has fuelled the demand for anti-static polyethylene bags.
Challenges:
The market for anti-static polyethylene bags is experiencing some growth restrictions due to growing environmental concerns over plastic contamination. With more countries enacting plastic bag restrictions, many merchants are switching from plastic to paper bags or other environmentally friendly packaging options. Consumer awareness of sustainability is sharply increasing, which is also pressuring manufacturers and merchants to use eco-friendly packaging options. Therefore, it is anticipated that increasing regulation from regulatory authorities along with increased consumer awareness of sustainability will restrain the expansion of the worldwide plastic bag & sack market. More and more nations are charging hefty fines and adding new taxes to the usage of single-use plastic bags.
Regional trends:
The Asia Pacific is anticipated to have the quickest growth in the global market for anti-static packaging materials during the course of the forecast period due to the rising demand for anti-static packaging materials in the region’s pharmaceutical industry. The Asia Pacific held the most significant market share due to rising retail activity over the past few years and a greater desire for affordable packaging. Additionally, the region’s expanding disposable income has increased demand for garments, electronics, and other consumer products, which is anticipated to support the region’s need for plastic bags and sacks over the course of the forecast period. The use of anti-static packaging materials in the electronics industry is likely to increase consumer demand for these materials, which will help propel the expansion of the global anti-static packaging material market.
Recent Developments:
• In March 2021, Coveris announced the acquisition of Initial Packaging Ltd., a firm specializing in developing protected, tamper-evident speciality bags for security, transportation, and diagnostic applications. With the acquisition, Coversis can expand its selection of high-performance specialized bags and access new markets and distribution channels.
• In March 2021, Macfarlane Group PLC announced the purchase of GWP Holdings Limited, the owner of GWP Group Limited (“GWP”), a protective packaging manufacturing and distribution company situated in Wiltshire. The purchase is consistent with Macfarlane’s stated goal of expanding its protective packaging business through a mix of organic and acquisitive expansion.
• In Dec 2020, Primary Packaging (PPI) acquired Packaging Horizons, a security bag producer. With the purchase of Packaging Horizons, PPI expands its polyethylene bag offerings by using its experience in polyethylene extrusion and film manufacturing.
Segmentation of Anti-Static Polyethylene Bag Market-
By Type
• Dissipative Anti-static Bags
• Conductive Anti-static Bags
By Application
• Electronic & Electricals
• Health Care
• Personal Care
• Chemicals
• Others
By Thickness
• Less than 0.5 mil
• 0.6 to 0.10 mil
• 0.11 mil to 0.15 mil
• More than 0.16 ml
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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This release was published on openPR.
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