Anti-static packaging market sees a sharp incline
According to a study by Towards Packaging, the anti-static packaging market is set for a significant revenue boost, with projections reaching hundreds of millions by 2034. The booming anti-static market is driven by e-commerce growth and technological advancements.
13 Nov 2024 | By WhatPackaging? Team
A revenue surge in the anti-static packaging market is expected, with growth expected to reach hundreds of millions by 2034, revolutionising the transportation landscape.
The key players operating in the market are focused on adopting inorganic growth strategies like acquisition and merger to develop advanced technology for manufacturing anti-static packaging material which is estimated to drive the global anti-static packaging market over the forecast period.
Key factors driving anti-static packaging market growth include an increasing focus on cost reduction, key players operating in the market are focused on geographic expansion, increasing regulatory support, and an increase in the adoption of advanced technology for the production of anti-static material.
E-commerce platforms facilitate high volumes of electronic device sales, leading to greater demand for protective packaging to ensure safe delivery. Anti-static packaging is essential for safeguarding sensitive electronic components from electrostatic discharge (ESD) during shipping, appealing to both retailers and consumers.
The rise in the sales of electronic devices through ecommerce platforms has driven the growth of the anti-static packaging market over the forecast period.
In August 2024, according to the data published by the India Cellular and Electronics Association (ICEA), it was estimated that the online sales of consumer electronics are expected to reach 33.5% in 2024, with offline retail sales at 66.5%. The number of online customers worldwide increased by 2.7% annually to 2.71 billion in 2024.
The Asia Pacific region dominated the global anti-static packaging market in 2023. The region's large-scale production facilities require advanced packaging solutions to prevent electrostatic discharge (ESD), further driving demand. With the rise of e-commerce and the growing consumer electronics sector, the need for reliable packaging that ensures safe delivery has skyrocketed.
There is a shift toward using anti-static biodegradable plastics and compostable materials to minimise environmental impact. Many companies are developing anti-static packaging that can be easily recycled, minimising waste and promoting a circular economy.