Global Electrostatic Discharge (ESD) Trays Market to Rise at a CAGR of 8.0% and Surpass $1,312.2 Million by 2030, Owing to the Growing Usage of ESD Trays in Multiple End-use Industries

Electrostatic discharge (ESD) is a concept that occurs when two electrically charged substances, for instance an electronic device and a human body, come into contact with each other. With technological advancements taking place at an accelerated rate, semiconductor devices are becoming smaller and more sensitive, and thus, the probability of such devices falling prey to any damages due to electrostatic discharge continues to increase. Numerous manufacturing companies consider the damage due to electrostatic discharge as unescapable, ignoring these losses in rework, field service, customer returns, warranty expenses, and eventually charging greater prices to their customers. However, such losses can be foretold, measured, handled in a controlled manner, inhibited, channelled, protected against, and most importantly, averted.

Protective equipment like electrostatic discharge trays are the perfect aid to prevent these losses. Currently, the demand for electrostatic discharge trays is augmenting at a faster rate as the benefits of using these trays are numerous, especially in the manufacturing sectors. Electrostatic discharge trays possess outstanding antistatic properties which can avert the friction that generates antistatic current. These trays help guard static sensitive products like Printed Circuit Board (PCB) and Printed Circuit Board Assembly (PCBA) from damage due to electrostatic discharges. The global electrostatic discharge (ESD) trays market is gaining huge success as these trays are being widely used in packaging, shipping, and storing of small electronic parts, circuit boards, PCBs, and PCBAs & electronic modules to avoid them from getting damaged.

Several companies in the electrostatic discharge tray market are heavily investing in biodegradable electrostatic discharge trays, which is expected to be a boon for the growth of the electrostatic discharge (ESD) trays market. Recyclable trays are affordable and are lightweight, however these trays are currently in their trial phases and need some time to be prevalent in the market.

Recent Trends in the Electrostatic Discharge (ESD) Trays Market

Over the past few years, the global need for electrostatic discharge trays has intensified from the consumer electronics & computer peripheral sector. Moreover, as per a report by Research Dive, the global electrostatic discharge (ESD) trays market is expected to garner $1,312.2 million by 2030, with the North America region holding the dominant market share. Market players are significantly investing in innovative product launches to fulfil the mounting demand for ESD trays.

Some of the leading players of the electrostatic discharge (ESD) trays market are Smurfit Kappa Group, Desco Industries, BASF, DowDuPont, TIP Corporation, PPG Industries, Conductive Containers Inc., Tandem Equipment Sales Inc., Elcom (UK) Ltd., and Global STATCLEAN SYSTEMS. These players are focused on developing strategies such as partnerships, novel developments, mergers and acquisitions, and collaborations to achieve a leading position in the global market. For instance,

• In January 2020, Photocentric, the creator of LCD-based 3D printing, partnered with Mechnano, a 3D printing materials manufacturer, to develop a Nano engineered resin, offering Electrostatic discharge (ESD) properties perfectly suitable for electronics manufacturing. With Photocentric’s 3D printing expertise, the new solution is ideal for the additive manufacturing of components including Part Retrievers, ESD hand tools, Grippers, IC Trays, and others.
   
• In April 2021, Neocrete Technologies Pvt Ltd., a company manufacturing products for protection, restoration, and renovation of concrete and steel surfaces, introduced an extensive array of specialty ESD products for numerous applications to aid in dealing with the static electricity on several surfaces.
   
• In January 2022, Smurfit Kappa Group, Europe’s leading corrugated packaging company, announced that it is investing more than $33 million in Brazil to increase the capacity of its plant in Fortaleza to cater the rising demand for innovative and sustainable packaging.

COVID-19 Impact on the Electrostatic Discharge (ESD) Trays Market

The abrupt rise of the coronavirus pandemic has adversely impacted the global electrostatic discharge (ESD) trays market. This is chiefly due to the closure of manufacturing industries worldwide and restrictions on the import or export of the raw materials needed in the development of electronic equipment for which ESD trays are mainly used. However, it is expected that the demand for ESD trays will skyrocket after the relaxation of the pandemic owing to a steep rise in the demand and production of electric and electronic gadgets globally, thus propelling the growth of the global electrostatic discharge (ESD) trays market.