Seattle, Nov. 21, 2018 (GLOBE NEWSWIRE) -- The global ESD bags market was valued at US$ 339.90 million in 2017 and is projected to exhibit a CAGR of 6.9 % over the forecast period (2018 – 2026), owing to increasing demand for ESD bags from end-use industries across the globe. ESD bags such as anti-static bags are used to prevent electrostatic or static electricity from damaging electronic items during transportation.

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Key Trends and Analysis in the ESD Bags Market:

Increasing demand for electronic products such as smartphones and tablets is expected to be a major factor driving growth of the global ESD bags market over the forecast period. ESD bags are used to prevent build-up of static charge in electronic products. These bags are generally used for shipping of electronic components and devices. For instance, according to the Australian Communications and Media Authority, in May 2012, number of smartphone owners in Australia was 8.67 million, which was an increase by 104% from 2011.

However, growing environmental concerns regarding plastic pollution is a major factor hindering growth of the global ESD bags market. According to a study published in the journal Science Advances, in June 2017, around 8.3 billion metric tons of plastic was manufactured, of which 6.3 billion metric tons was converted into plastic waste and only 9% was recycled worldwide.

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Key Market Takeaways:

• Among product type, anti-static bag segment held a significant market share in the global ESD bags market in 2017, owing to increasing demand for its applications in electronics industry. Major application of anti-static bag is packaging of electronic products. Computer components and items of a similar nature can be easily damaged by static discharge. Anti-static bags are used to maintain a static-free environment for electronic products.
• Asia Pacific accounted for a significant market share in 2017 in the global ESD bags market over the forecast period. This is owing to increasing demand for ESD bags such as anti-static bags from pharmaceutical industry in the region. ESD bags ensure that there is no electrostatic charge present inside the bag used for packaging of bulk drugs manufactured by the pharmaceutical industries. Furthermore, these bags are lightweight and have high load bearing capacity. According to India Brand Equity Foundation (IBEF), the pharmaceutical sector in India accounted for 2.4% of the global pharmaceutical industry in terms of value in 2017 and is expected to expand at a CAGR of 12.89% during 2015 to 2020
• Key players operating in the global ESD bags market include, 3M Company, Miller Packaging, Protective Packaging Corporation, Digi-Key Electronics, Daklapack Group, Dou Yee Enterprises (S) Pte Ltd., Advantek, Inc., Teknis Limited, Edco Supply Corporation, Naps Polybag Co, Katzke Paper Co, Statclean Technology (S) Pte Ltd, Elcom Ltd. and Electrotek Static Controls Pvt., Ltd.

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