Analysis of Shielding Bags market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The market for shielding bags witnessed massive slowdown in its progress as a result of the spread of Covid-19 pandemic across the globe. The level of demand declined to the extreme level due to lockdown creating hurdles for the key players operating in this market. However as recovery commences in 2021, major players are recuperating their positions through production expansion, capacity utilizations and online selling in 2021 keeping in view the covid-19 norms.
Recognized companies such as Dou Yee Enterprises (S) Pte Ltd.; Katzke Paper Co.; 3M Company; Protective Packaging Corporation, Inc.; IMPAK Corporation; Texas Technologies, Inc.; Teknis Limited; Advantek, Inc.; Hisco, Inc.; Digi-Key Corporation and others are focusing on the incorporation of tactics including partnership agreements, sales contracts, strategic alliances, diversifications, innovative launches, mergers & acquisitions, research and developments, technological upliftments, product line extensions, hiring technical expertise, joint ventures, collaborations, product approvals etc for gaining a competitive edge over others in the market.
For instance, in March 2021, Coveris announced the acquisition of Initial Packaging Ltd., a company specialised in the production of protective, tamper evident speciality bags for security, logistics and diagnosis applications. With the acquisition, Coversis will gain access to new markets and distribution channels and will be able to enhance its portfolio in high performance specialty bags. The acquisition is aiming at sustainability and superior performance. The growth of the commercial sectors in North America has led to a significant growth of the shielding bags market. The Asia Pacific market is predicted to pick up pace through 2030. All the other key regions such as Western and Eastern Europe, Latin America, Japan and MEA are registering lucrative growth and opening various opportunities for manufacturers.
Key players and manufacturers in shielding bags market are taking immense efforts in increasing the availability of static shielding bags thereby catering to the safety industry standards. Increasing need for protecting materials from the electrostatic discharge and moisture is expected to stimulate the demand and supply of static shielding bags.
Rapidly growing demand for protective packaging of items is likely to drive the demand for static shielding bags. Increasing cases of shipping and transporting electronic components is anticipated to continue driving the demand and supply of static shielding bags.
Furthermore, static shielding bags hold opaque, flexible and heat sealable properties, which in turn provides lucrative growth opportunities for shielding bags market. Rapid increase in the adoption of eco-friendly packaging solutions is likely to further stimulate the demand and supply of static shielding bags.
However, fold, puncture and crumpling of static shielding bags is likely to occur on a larger extent. This in turn is anticipated to hinder the growth of shielding bags market on a global basis. China and India are expected to be the major contributors towards the significant sales of static shielding bags in the forthcoming years.
Bags are essential for the packaging of goods owing to their ease of use for transportation & storage as well as the convenience offered to customers, due to which their usage is extensive. In general, bags have been found to be effective packaging solutions for electronic components, health supplements and food products, because of which their demand has increased in the past few years.
This has resulted in the availability of technologically advanced bags, such as shielding bags, which are among practical packaging solutions. Shielding bags offer extra features for protection. There has been an increase in the demand for shielding bags, especially anti-static shielding bags, in the past few years.
Shielding bags have become an essential constituent for packaging in the electronics sector. The extra care required to protect medicinal products from moisture makes them essential for packaging in the pharmaceutical industry. In addition, shielding bags are a vital packaging solution for the protection of products from electrostatic hazards.
Microchips in electronics need some extra protection as they get damaged easily due to excess moisture and static sources. Moreover, the high performance of shielding bags in the storage and transportation of goods and their ability to provide extra protection from moisture and corrosion makes them easy packaging solutions.
The ever-increasing working population and their rising demand for electronic goods are among significant factors driving the shielding bags market. Increase in consumer products and smartphones & their accessories owing to growth in disposable income has boosted the demand for shielding bags. Shielding bags offer greater protection for electronic components from electrostatic hazards, owing to which they are gaining traction in the electronics sector.
Another factor driving the shielding bags market is their increasing demand in the pharmaceutical products. These products provide an additional solution for better moisture and corrosion protection. The shielding bags market is also growing lucratively due to e-commerce channels as well as the industrial sectors that use & transport electronic components.
However, government rules & regulations for the usage of plastic bags is one of the factors restraining the shielding bags market. In addition, the high cost of anti-static bags and moisture-shielding bags is also likely to hamper market growth.
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The shielding bags market can be segmented on the basis of product type, material type, application and region. The product type segment is further segmented into static shielding bags and antistatic shielding bags. Static shielding bags are primarily preferred over anti-static shielding bags owing to their extensive usage for protection against electrostatic hazards.
In terms of material type, foil shielding bags, alufoil shielding bags and mylar shielding bags are some of the common types of shielding bags. On the basis of application, shielding bags are segmented into pharmaceutical, food, electronics and consumer goods. Electronics is the dominant share of the shielding bags market and the consumer goods segment is also growing. However, among material type segments, the usage of mylar shielding bags is increasing.
The shielding bags market can be segmented on the basis of geography into six regions: North America, Latin America, Europe, Japan, Asia Pacific excluding Japan and Middle East & Africa. North America accounts for the most significant share in the shielding bags market. It is followed by Asia Pacific and Europe due to the growth of the commercial sectors in these regions. The Asia Pacific region holds the maximum share of the shielding bags market due to an increase in the industrial area in the region. Latin America is also expected to register lucrative growth during the forecast period.
The maximum number of manufacturers of shielding bags are present in North America due an increase in consumer goods as well as the industrial sector in the region. Some of the key players in the shielding bags market are Dou Yee Enterprises (S) Pte Ltd.; Katzke Paper Co.; 3M Company; Protective Packaging Corporation, Inc.; IMPAK Corporation; Texas Technologies, Inc.; Teknis Limited; Advantek, Inc.; Hisco, Inc. and Digi-Key Corporation.
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High demand for protective packaging of products and strong need for eco-friendly packaging solutions are driving the sales of shielding bags.
Static shielding bags are likely to enjoy higher demand in the global shielding bags market.
Asia Pacific leads the global shielding bags market by a long way.
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