Power Bag: Market Overview and Future Opportunities 2016 – 2024 by Profshare Market Research

Wednesday, February 28, 2018 10:33 AM UTC

NEW YORK, Feb. 28, 2018 -- Packaging material demand has been exponentially increasing since last decade. Increase in population, Rise of online Retail and better packaging quality and experience driving Packaging Market at very high rate. Power bag is member of Packaging Category extensively used in Electronic Packaging. Basically Electronics components are prone to damaged caused by Electrostatic Discharged. It is made from plastic polyethylene terephthalate (PET) with colour variant as silvery for metallised film, pink or black for polyethylene. Power bag offers multiple layer of protection to protect components from mechanical and electrostatic damage.

Power Bag Market has shown significant growth in last few years and expected at higher CAGR 5.7(%) for year 2016-2024. Increase in demand for electronics devices globally is the prime factor propelling fuel to growth of market. Global Electronics Market has shown growth of 4 % for year 2016-17 which leads to increase demand for packaging materials such as power bags. Asia has shown highest growth rate of over 5% in recent years. Strong population base, increase in disposable income and higher living standard bolstering industry revenue. North America, Europe, Middle east electronics market has also shown hefty growth of more than 3.5 % in recent years.

Dissipative antistatic bags are made of standard polyethylene with a static dissipative coating over the plastic for protection. Static dissipative coating prevents building a static charge on the surface of the bag, as it dissipates the charge to ground or any surface it touches. Metallized bags often referred as Conductive antistatic bags contain a layer of conductive metal generally aluminium with a dielectric layer of plastic and covered in a static dissipative coating. It is used for packaging of more sensitive components due to their high protective nature. Metallized bags are more fragile than other Power bags and can also be used in oxygen-rich areas in aircraft and hospitals where spark can be hazardous.

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Global Power Bag Market: Product Type