The global static-free packaging films market is anticipated to accumulate a market value of US$ 767.4 million in 2023 and is expected to garner a valuation of US$ 1,600 million by exhibiting a CAGR of 7.6 % in the forecast period 2023 to 2033. The market for static-free packaging films reflected growth with a 5.2% CAGR in the historical period 2018 to 2022.
The rising penetration of the e-commerce industry globally is one of the primary growth-driving factors of the market. The wide utilization of static-free packaging materials in electronic goods in order to protect them from physical damage during transportation is further fuelling product demand. Moreover, mounting import-export activities are anticipated to accelerate product demand during the forthcoming period.
The demand from the food & beverages and pharmaceutical sectors for packing products to protect them from contamination and sustain their hygienic value during further transportation is expected to foster growth in the static-free packaging films market. Also, the expansion of the healthcare industry has boosted the anti-static film market to a high extent since this kind of packaging helps maintain hygiene and is less prone to leaks and damage than glass packaging.
The use of static-free films in medical devices is employed to protect against leakage and provide shock resistance. Thus, the surge in demand for Anti-static films in the packaging industry is accelerating the global demand. In addition, increasing disposable income, burgeoning demand for foreign goods, expansion of the end user industries, extensive use of anti-static films in the automotive sector, rapid industrialization, and urbanization are expected to give a positive push to the market growth.
Innovations and technological advancements extend lucrative opportunities to the anti-static packaging film market players in the coming years. Besides this, medical devices also utilize anti-static packaging films to protect against leakage and provide shock resistibility. Therefore, the surging demand for Anti-static packaging films in the healthcare packaging industry is expected to increase product sales.
Developing countries are incorporating anti-static films and composite-based materials at a rapid pace which is contributing to boosting product sales. The high economic growth in these countries, along with rapid industrialization, urbanization, and improved standards of living, also plays a crucial role in adopting fuel-efficient cost-cutting machinery.
Region-wise, in North America, the United States is the leading country in the region, due to fast growth of major end-use industries like automotive, pharmaceuticals, and electrical & electronics. North America is appearing to dominate the market by garnering 37.8% market share by end of the projection period. Factors such as constant product innovation, adoption of advanced technologies, and wide use of these films in the packaging of high-end electronic products.
Likewise, Asia Pacific is projected to grow with fastest CAGR of 7.4% during the period of projection. High demand for anti-static packaging solutions in the pharmaceutical industry is augmenting growth in this region. Tremendous growth of manufacturing industries in emerging economies, such as India and China are increasing reliance on reused machinery and equipment. This is estimated to fuel market growth. Also, this region will witness substantial growth because of the strong presence of a large manufacturing industry, growing disposable income, and rapid urbanization in the region.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 767.4 million |
| Projected Market Value in 2033 | US$ 1,600 million |
| Growth Rate (2023 to 2033) | 7.6% CAGR |
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Recent developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing static-free packaging film solutions are expected to create lucrative opportunities for market growth during the forecast period.
A static-free packaging film is a film that is covered with an antistatic agent coating as a layer. The film is used as a shield to protect the products and their components from physical damage while in transit.
These films are usually used for the packaging of food & beverages and pharmaceutical products and many more. Furthermore, they are also used for packaging electrical products like circuit boards, LCDs, and other delicate electronic products. Static-free packaging films are often used for packaging in electronic products & other industries like the automotive industry, and many.
These films not only serve an advantage to act as a strong shield or protection but also are used to prevent electrostatic or static electricity from damaging electronic items during transportation. As the name “static-free”, the film has an anti-static agent, which is a substance used for the treatment on the surface of the material to reduce the static electricity.
To avoid the defects like complete discharge of the device, etc. especially in electronic products the static-free packaging film can be used.
Not only the electronics manufacturing company but also the pharmaceutical industry nowadays is employing the use of static-free packaging films to avoid the development of the static charge over the outer packaging material of the medicines to avoid the destruction of the medicinal properties and nature of the medicine.
Also, the additional development in the antistatic additives is able to deliver outstanding antistatic performance in very dry conditions in case of the food industry and industrial packaging industry. It is majorly employed in case of flexible packaging to decrease or circumvent processing issues and the risk of electrical shock, etc.
The film is found to have versatile additives to produce instant long-term anti-static effects with low surface resistance when compared to conventional antistatic technologies.
Principal Consultant
In plastic sheets, the built-up static charge can cause a complex problem resulting in the damage of packaged goods. The application of the static-free packaging film plays an excellent role, besides the additives which help to reduce the static charge.
The majority of the plastics are electrical insulators which result in the accumulation of electrostatic charges on the surface which have the strong charge developed. Due to this, this charge stays on the surface for a long time until the charge is neutralized.
This may lead to issues such as excessive dust, increased handling problems, and dirt builds up on the surface of the plastic material then causing damage to delicate medical or electronic products. It may also lead to cause fire or explosion risk if static sparks are produced near flammable liquids.
Moreover, static electricity cannot be eliminated but can be controlled by controlling the ionization process with the help of the addition of additives like, high impact polystyrene which effectively reduces the surface resistance for the static charge on the surface.
Anti-static film and static-shielding bag perform the same role of reducing or removing the static charge developed on the outer part of the product. But, in part of the static-shielding bags, the bag must be completely sealed or packed so that to maintain its effectiveness. Also, it is very important to exercise an extra measure of caution while shipping sharp products/objects that may compromise the integrity of the bag.
So, in the case of anti-static packaging film, it plays the role of not building-up the static charge on the product. Thus, in the case of static shielding bags, the effect of static charge protection is either 100% when packed effectively or nil when it comes to defective packaging maybe during the in-transit of the product which is an uncontrollable factor.
Moreover, anti-static packaging films are effective in resisting the building of static charge when it comes to in-transit of the product or some defect in the packaging.
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In today’s world, the import-export activities and trade between the countries are carried on a higher level due to the technological advancements in terms of the supply chain or logistics and also in terms of product development. Moreover, growing trade activities are anticipated to grow the static-free packaging film market sooner.
Also, a rise in the e-commerce industry, increasing demand for foreign goods, and increase in per capita income of the people can uplift the market in the forecasted period. Furthermore, these films are also used in the automobile industry, in the packaging of car parts to prevent them from damage during transportation.
Also, the development of electronic products and new product launches will help to grow the market positively. Replacement of rigid packaging by flexible packaging can also boost the use of anti-static films due to its outstanding features is also anticipated to grow the market positively.
Investment and Development in the research and development to bring out product and technology innovations in the anti-static films market is also expected to uplift the market in the forecasted period.
Static-free packaging films have the property to only resist the building up of the static charge on the product or object and not removes or eliminates the charge from the surface of the outer packaging. Also, the high cost of raw material can be a major restraining factor for the growth of the static-free packaging film market.
The risk of replacement with other products having the dual properties of resisting and eliminating can pose a threat to the static-free packaging film market thereby resulting in hindering the market growth.
Key Players are
The economic growth is boosting the growth in the market while manufacturers are expanding the market with an increase in the manufacturing industries in terms of, electronics, automobiles, pharmaceuticals, and many more.
With the continuous increase in the population number in countries like India, China and Japan there is humungous demand for electrical products in the region with growth in the electronics industry. Also, the growth of the pharmaceutical sector in developing countries is expected to uplift the market.
Furthermore, government initiatives like Smart City and Make in India projects by the Indian government are also anticipated to grow the market in near future.
Also, increase in the industrialization is expected to favor the market growth in near future.
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