The sales of conductive bags are projected to rise at a CAGR of 5.9% during the forecast period. The conductive bags market size is estimated to be valued at US$ 2,250.59 million in 2023, and likely to be appraised at US$ 3,992.64 million by 2033.
Today’s packaging is an innovation-driven industry, and conductive bags static shielding work well for packaging and storing products. These bags are efficient to protect the packaging of products. Hence, the demand for conductive bags is generated by end-users to adopt safety measures for electronic products in recent years.
Electrically conductive bags entered all aspects of customers, and new technologies like the Internet of Things (IoT) are emerging.
According to a survey conducted by Japan Electronics & Information Technology (JEITA) in 2017, the global electronics & information technology market stood at US$ 2,610 billion in 2016, expanding by 4% yearly. Further, the rising demand for conductive bags is expected to propel the electronics industry.
Various industries are adopting conductive electronic bags to prevent explosions and accidents because of electrostatic discharge consequences. Moreover, the sales of conductive bags is rising to transport explosive, electric, and chemical goods in recent years.
China is a dominating country to supply electronic goods all around the globe directly fueling the conductive bags industry’s growth in recent years.
Key Drivers Propelling the Conductive Bags Market Growth
The growing regulatory environment and safety concerns are pushing electronics industry manufacturers to increase the adoption of conductive bags. Consumer awareness regarding safety has also driven the demand for conductive bags.
The static electricity created on the surfaces of other goods while filling and discharging can damage sensitive electronic devices. These are the key factors providing opportunities for the key players in the conductive bags market.
Conductive bags have resistance in the range of 103 Ohms to 108 Ohms. These bags are manufactured using metalized coatings such as aluminum, which is likely to bear electric flow as it is produced using polyethylene (PE) and other conductive agents.
Factors that Slow Down the Conductive Bags Market Growth
Sometimes, it may create sparks and lead to serious outcomes when hazardous, flammable chemicals, oils, or explosives are around. The growing semiconductor industry is the key factor driving the conductive bags industry share during the forecast period.
Manufacturers are regularly comparing anti-static vs. conductive bags to provide better products to the end users. Conductive bags have resistance in the range of 103 Ohms to 108 Ohms. These bags are manufactured using metalized coatings such as aluminum, which is likely to bear electric flow as it is produced using polyethylene (PE) and other conductive agents.
Regional Insights
Asia Pacific to Attain a Significant Pace in the Upcoming Years
The conductive bags market has been segmented based on the region into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The Asia Pacific is a chief region in the conductive bags market share during the forecast period.
The Asia Pacific is expected to be a significantly growing market due to the growing consumption of electronic devices being a dominating region. Matured markets like China and South Korea dominate as leading countries that consume a huge number of conductive bags for electric and chemical products in the region.
The automation and robot industries are available in China due to well-established infrastructure, and large factories are likely to rise the adoption of conductive bags in the country. Also, the high skilled labor, low labor cost, high technology, and government support are rising the demand for conductive bags for the security of the products.
North America’s Conductive Bags Industry is Advancing
North America is expected to be a significantly growing region in the conductive bags industry, holding 20% of the share during the forecast period. The rising health equipment, the chemical industry, automobiles, and the semiconductor industry are propelling the conductive bags industry’s growth in the region further.
The United States is the leading country that is growing notably in conductive bag production due to the presence of several prominent players in the region. Additionally, increasing explosions due to transporting of electronic and semiconductor products are driving the conductive bags market opportunities in the region. The key drivers contributing to this fact are growing infrastructure development, irrigation, and battery production activities in recent years.
Prominent Players Adopting Marketing Strategy to Boost Conductive Bags Industry Expansion
The presence of several key players all around the region is expanding their unique ideas to upsurge the conductive bags industry. They acquire various marketing tactics to upsurge the market. These marketing tactics include mergers, partnerships, collaborations, and product launches.
