Global Electro Static Discharge (ESD) Packaging Market

The global ESD packaging market was valued at US$2.971 billion in 2017 and is expected to grow at a CAGR of 7.25% to reach a market size of US$4.216 billion by the year 2022. APAC is projected to witness the fastest regional market growth during the forecast period. This growth is majorly attributed to the growing consumer electronics industry in the region. Favorable macroeconomic factors such as rising middle-class population, rapid urbanization, and availability of low-cost skilled workforce in emerging economies like China and India is spurring the demand for advanced consumer electronics, including smartphones, tablets and laptops and other smart devices. Mounting concerns over good health and fitness is strengthening wearable electronics sales in the region.