ESD BAGS MARKET ANALYSIS

Availability of substitutes like ESD foam is significantly restraining the growth of the ESD bags market. ESD foam acts as an excellent alternative to ESD bags for storing and protecting electrostatic discharge sensitive components. ESD foam offers certain advantages over traditional ESD bags. It provides cushioning as well as insulation against electrostatic discharge. The foam wraps tightly around components of any shape or size and molds itself according to the contours, thus offering superior protection against mechanical damage as compared to bags. Additionally, ESD foam eliminates the need for separate bags for each component. Multiple components can be inserted into one piece of foam, thus reducing packaging costs.

Market Opportunities: Growth of e-commerce industry

The rapid growth of the e-commerce industry globally presents a huge opportunity for the ESD bags market. As more and more consumers are shopping online for everything from clothes to electronics to home goods, the need to properly package and protect these shipments from electrostatic discharge damage is increasingly important. With online retail sales continuing to gain a larger share of total retail each year, the volume of shipments requiring ESD protection is growing exponentially.