ESD Bags Market Growth, Industry Analysis, Size and Share 2028

ESD bags are used to protect electronic components from electrostatic discharge. This type of discharge can damage electronic components, so these bags are important for storing them.  ESD bags are bags with an antistatic coating. It will not charge when rubbed with other materials. The bag is usually made from black conductive material. The EPA recognizes only black conductive plastic bags as acceptable. However, these bags provide little protection against contact ESD. Antistatic bags must be purchased from a reputable supplier because low-quality products may not be effective against contact ESD. Moreover, antistatic bags degrade with age and wear. Normal bags are not safe for shipments of ESD-sensitive components. The bag's surface resistance does not exceed 1012 ohms/sq., so they are only suitable for storing items in ESD-safe areas. However, they should never be used for shipping ESD-sensitive components.

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Competitive Landscape:

Major players operating in the global ESD bags market include Universal Plastic Bags, The 3M Company, Teknis Limited, Statclean Technology (S) Pte Ltd., Protective Packaging Corporation, Mako PKG, Electrotek Static Controls Pvt. Ltd, Edco Supply Corporation, Dou Yee Enterprises, and Advantek, Inc.

Key Market Drivers:

Increasing sales of electronic items such as smartphones in the world are expected to augment the growth of the global ESD bags market. For instance, according to BankMyCell, currently, there are around 6.648 billion smartphone users in the world. Another important benefit of ESD bags is that it protects electronic components from electrostatic discharges. Electrostatic discharges can cause rapid temperature shifts, and overheating of electronic components. This makes the bag essential for businesses in the electronics industry. It also helps to protect sensitive data from damage. Users can purchase an antistatic bag in a wide range of sizes and custom sizes. Moreover, the high usage of ESD bags in several sectors is estimated to enhance the growth of the global ESD bags market. 

Covid-19 Impact Analysis:

The COVID-19 pandemic restricted the growth of the global ESD bags market, During the pandemic, most of the sites dealing with consumer electronics were shut down, owing to several lockdown measures, Moreover, the production of electronics was restrained by a shortage in raw material supply and labor.

Key Takeaways:

·         North America is expected to dominate the growth of the global ESD bags market, owing to the increasing sales of consumer electronics in the region. For instance, according to SellCell, in 2021, around 1747.8 million mobile phones were sold in the United States.

·         The Asia Pacific is estimated to witness high growth in the global ESD bags market, owing to the high sales of electronic devices in the region. For instance, according to Mint, the shipment of laptops in India increased to around 7.9 million units in the 4th quarter of 2021.

Fishing Net and Aquaculture Cage Market to Witness High Growth Due To Growing Aquaculture Production around the World

There are many types of nets used for aquaculture. One of the most important is the net cage. It protects the fish from escape and prevents damage to the environment. For this reason, it is important to develop accurate predictions of drag and deformation forces on the net cage. To calculate these forces, an appropriate hydrodynamic model is necessary. There are two types of hydrodynamic force models commonly used to calculate net-cage drag. Aquaculture cages are also made from heavy-duty netting to keep out predators. These nettings can be purchased in 48-inch-wide rolls or as cut-to-size pieces. These are made from high-quality materials, which are safer to handle and environmentally friendly.

Rise in popularity of fishing nets and aquaculture cage in fishermen and invention of synthetic fibers are expected to propel growth of the global fishing net and aquaculture cage market over the forecast period. As fishing is known as recreational and leisure activity, which is increasing being adopted by people, further driving the demand for fishing nets and cages. For instance, in June 2022, the Cochin International Airport Limited (CIAL) launched aquatic practices as part of a business diversification in the water bodies at the golf club of the company at Nedumbassery, India.

However, stringent regulations regarding over-fishing and the usage of aquaculture cage, as the number of aquatic species is decreasing, which is likely to obstruct growth of the global fishing net and aquaculture cage market during the forecast period.

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During the coronavirus pandemic many countries went under nationwide lockdowns to curb the virus spread. Under the stringent regulations several market activities were closed down. Many businesses had to be shut down as there was lack of manpower and raw materials. As production and demand declined due to disrupted supply chains and distribution operations, various markets were adversely impacted including the one in discussion, which negatively impacted the market growth.

• The global fishing net and aquaculture cage market to grow with a CAGR of XY% during the forecast period, owing to rise in aquaculture production  leading to growing demand for aquaculture cages and fishing net. For instance, as per the data of Food and Agriculture Organization of the United States, the production of captured fisheries in 2020 was 90.3 million tons.
• Asia Pacific among regions is anticipated to witness significant growth in the global fishing net and aquaculture cage market over the forecast period, owing to high demand for freshwater fishes in countries such as Indonesia, India and China, and growing demand for inexpensive aquaculture along with rise in initiatives taken by government in developing countries across the region.
• Key players active in the global fishing net and aquaculture cage market are Qingdao Qihang Fishing Cage Co., Ltd., AKVA group, Gael Force Group Limited, Selstad AS, Das & Kumars, Garware Technical Fibres, Hunan Xinhai, Vaidika Group, AquaMaof, and Badinotti Group S.p.A.

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Global Engineering Plastics Market Is Estimated To Witness Growth Owing To The Increasing Demand Of Electronic Goods Like Computers, Switchgear, Storage Batteries And Communication Equipment

Overview:

Engineering plastics have the ability to bend and have complex shapes. This quality makes them much easier to manufacture than metal or wood. They are also much stronger than standard plastics. These properties make them highly desirable for many industries. They are also easier to shape than other materials. For these reasons, many industries have turned to engineering plastics in combination with injection molding production processes. The engineering plastics class of materials is a group of plastic materials that have better mechanical and thermal properties. These materials are more expensive, as they offer better performance than regular plastics. Engineering plastics are commonly used in engineering applications. Their high-performance properties make them a preferred choice over other materials. They are ideal for use in tough environments, making them a popular alternative to wood and metal. These materials can be manufactured easily and shaped to complex shapes.

Market Dynamics:

Growing number of manufacturing facilities is anticipated to propel growth of the global engineering plastics market over the forecast period. For instance, Solvay announced that they are installing a new thermoplastic composites manufacturing facility in Greenville, South Carolina, in September 2021. This new facility will help in increasing their capacity. Moreover, rising fluctuation in raw material costs is estimated to hinder growth of the global engineering plastics market over the forecast period.

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Impact of COVID-19:

The pandemic had a huge impact on all sectors of the society. Lives of millions of people were affected due to the pandemic. It was an emergency situation and this led the governments to take strict measures for stopping the spread of the virus further. These lockdowns led to halting the production of many products as several manufacturing units were shut down, due to shortage of labor and manpower. Owing to the travel bans raw materials could not be transported and this resulted in delay in supply of products and also disrupted supply chains. Several companies were shut down due to these disruptions. Thus, the pandemic had a negative impact on the global engineering plastics market.

Key Takeaways:

The global engineering plastics market is anticipated to witness significant growth, exhibiting CAGR of % over the forecast period, owing to the growing demand for engineering plastics. For instance, India’s first intelligence EV manufacturer Ather Energy has decided to move their factory from Bengaluru to Hosur. The factory is estimated to have a production capacity of 0.11 million two-wheelers annually. This is anticipated to propel demand for engineering plastics in the plastics.

Asia Pacific is anticipated to witness significant growth in the global engineering plastics market over the forecast period, due to increasing usage of engineering plastics in sectors like packaging, construction, automotive and building in the region.

Key players active in the global engineering plastics market are Covestro AG., BASF SE, SABIC, DuPont, DSM, Arkema, Teijin Aramid B.V., BASF SE, Celanese Corporation, Grand Pacific Petrochemical, AdvanSix, Ashland, Eastman Chemical Company, Chevron Phillips Chemical Company, Celanese Corporation, Mitsubishi Electric Corporation and Chi Mei.

Petrochemicals Market Growth, Trends And Future Forecast 2022–2028

Petrochemicals are chemical components extracted from hydrocarbons, majorly crude oil and natural gas. They can also be received from various renewable materials such as sugarcane and corn. Petrochemicals are categorized on the basis of their chemical structure, profoundly, olefins, aromatics, and synthesis gas hydrocarbon. Olefin hydrocarbons comprise, toluene, ethylene and propylene, while benzene and xylene belong to the class of aromatic hydrocarbons. Several procedures such as FCC, steam cracking, and catalytic reforming are used in refineries and chemicals plants to get the wanted product. Petroleum products create an integral aspect of routine life and find main needs over several end-use industries. Furthermore, petrochemicals goods find application in several daily use accessories such as automobiles, packaging, clothes, furniture, houses, tooth brush, irrigation, household items, synthetic detergents, electronics, performance products, and clinical tools.

Oversupply of Crude and Subsequent Reduction in Prices Make Favorable Environment for Market Development

Large volume of feedstock or raw substances accessible in the OPEC, and quick growth of shale gas exploration in the North American region, mainly in the U.S. and Canada, is predicted to create a huge conducive surrounding for development of the global petrochemicals market. China is one of the vast consumers of petrochemical goods. Rampant development of several end-use industries is anticipated to propel need for petroleum products, particularly in rising economies of Asia Pacific, such as India and China. As per data published by the U.S. EIA, in 2017, complete liquid fuel usage in Asia Pacific crossed 33.3 million barrels per day with China holding for 80% of the usage in the region. Furthermore, rapid development in the shale gas technology like the hydro fracturing technology is being explored in the U.S. and Canada to derive petroleum. These reasons, are further, predicted to offer huge development adhesion to the global petrochemicals market.

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Global Petrochemicals Market challenges – Variation of raw materials price and shift towards green energy

Natural gas, coal, and crude are main building blocks of petrochemicals industry. While presently the global crude oil manufacture is at an all-time high, the market is exposed to high variation in manufacture and pricing. This instability is a main concern for players in the global petrochemicals market. The market is experiencing a trend of additional supply in feed stock owing to large manufacture volumes by the OPEC and Russia. Besides this, the economic crisis in 2009, has led to quick reduction in need for crude oil in Europe and Japan. Consumer inclination towards green energy from renewable sources such as wind and solar energy, further hinders market development.

Major players in the market are Chevron Phillips Chemical Company LLC , BASF SE, Sinopec Limited, ExxonMobil, LyondellBasell Industries, E. I. du Pont de Nemours and SNPC, The Dow Chemical Company, Shell Chemical Company, SABIC, Total S.A., Sumitomo Chemical Co. Ltd., and INEOS, and Reliance Industries.

Key Developments

1. Key companies in the market are indulged in several development plans such as collaboration and acquisitions, orderly to receive competitive edge in the global market. For example, in January 2019, BASF SE, the German-based chemicals manufacturers, and Adani Group, an Indian conglomerate, partnered to create a joint venture of petrochemical manufacture hub in Gujarat, India.
2. Major players in the market are aiming on several plans such as collaborations and adoptions, orderly to improve their market position. For example, in May 2019, GAIL Limited, a natural gas processing and distribution company, came into an adoption with ExxonMobil, a U.S.-based oil and natural gas company, to distribute natural gas to power and transportation sector in India.

Key companies in the market are assuming several plans such as capacity expansion, orderly to increase their product portfolio and improve their market rank. For example, January 2019, Shell Chemical LP (Shell) started the production of fourth alpha olefins unit in its Louisiana, U.S. chemicals production site.

Tote Bags Market Industry Demand, Recent Trends, Size and Share Estimation

A Tote Bag is a type of handbag with parallel handles on both sides of the pouch. Compared to other handbags, it saves space and allows you to carry multiple items at once conveniently. Cloth, fabric, nylon, and jute are common materials. There has been a significant increase in the availability of tote bags in various shapes and sizes, which aids in the transportation of goods and products ranging in size from a grocery item to laptops.

Increased distribution drives market growth through e-commerce websites and the spread of social media. The Tote Bags industry heavily advertises on popular social media platforms such as Instagram, Twitter, and Facebook, allowing them to analyse audience preferences and offer specially curated products. These platforms assist businesses in incorporating innovative marketing strategies such as influencer and affiliate marketing to increase profitability.

The reusability of tote bags is also expected to accelerate market growth during the forecast time frame. Furthermore, the ease of folding the bags and storing them in a small space is expected to support the global tote bag market's growth. Furthermore, tote bags are popular among working women. Rising working women population in global workforce can be a driving factor in global market growth in the near future.

CAPRI Holdings acquired Versace, a luxury fashion brand, in June 2019. The acquisition enabled the company to broaden its portfolio in the luxury tote bag domain. Furthermore, as a result of this acquisition, CAPRI Holdings can now increase its sales in multiple regions by leveraging Versace's extensive distribution network. This enabled the company to gain a 25% market share in the global tote bag market.

Key players operating in the global tote bags market include Michael Kors, Guangzhou Yaxin Leather Corporation Limited, XIAMEN NOVELBAG CO., LTD., BIDBI, H&M Group, Blivus Bags, and others.

Green Building Materials Market Share, Future Prospects And Opportunities Till 2028

Green building materials are an eco- friendly solution as they are generated from recyclable goods. Green building substances are ideal construction substances as they assist in conserving non-renewable resources and also decrease environmental effect. Furthermore, green building materials are a robust and energy-efficient method that makes them appropriate for making several organization.

The global green building materials market is evaluated to be esteemed at US$ 259.41 million in 2021 and is anticipated to show a CAGR of 10.5 % during the predicted timeline (2021-2028).

·         7^th April 2021 lafarge Egypt a member of LafargeHolciam group has advanced an ecolabel cement for the first time in Egypt .This new goods of the company fulfil with the green criteria of the organization and decreases the carbon footprint and recycled content.

·         17^th November 2020, UK based Lhoist group has advanced ‘Tradical Hemcrete’which is utilized for the structure of the walls, in the restoration of old buildings or as an insulating substances which is low energy price in usage and biodegradable.

·         15^th January 2020,A Newer type of wood is established which is known as’uh wood ‘which is utilized as a new building material which can be assisted for decreasing GHG(greenhouse gas )

North America holds dominant place in the global green building materials market in 2020, hold for 35.1 % share in terms of value, after Europe and Asia Pacific respectively.

The rising transit towards green building is anticipated to fuel the market growth of green building materials. For instance, rising activities by North America Commission for substituting conventional substances with green building technology is propelling the market growth. As per the CMI analysis, countries such as the U.K., Singapore, and the UAE responsible for around 50.0% of green building activities. Also, rising facelift and creation of new infrastructure is again fueling the need for green building materials over all these regions.

Rising Federal assistance for huge performance and maintainable building is propelling the market development. For examples, in January 2006, federal agencies contracted a memorandum about their guidance in huge performance and sustainable building creation. As per the memorandum, the interventions will be executing the rules set by the EO 13423 about the green building concept in their new constructions and major revamps. The act later focuses to execute the similar rules in at least 15.0% of the current constructions and leases by the fiscal year 2015. 

Rising retrofits and renewals over evolving and developed regions is anticipated to provide profitable market chances during the predicted duration. For instance, the U.K. has a huge number of old infrastructure such as office developments, school buildings, etc. This is anticipated to make probable market opportunities for the major players situated in the Europe region. Thus rising retrofits and renovations is expected to fuel the market development.

Rising awareness regarding recycled construction is anticipated to provide lucrative market opportunities during the predicted timeline. Rising official rules and regulations to compensate the usage of green building materials is again anticipated to boost market development. The rising works of green building in residential areas owing to the rising need for energy-efficient structures is further boosting the market development of the green building materials during the predicted timeline. 

Inner green building materials is achieving adhesion in the market. The benefit such as superior aesthetics, improved lighting, and enhanced indoor air quality provided by interior materials is propelling the market development. Furthermore, interior materials are also helpful in regulating humidity and allow better control over air quality. All these reasons are expected to boost the market development of the green building materials over the estimated timeline.

Rising deals and collaboration among the key players for enhancing the usage of green building materials is anticipated to assist the market development during the predicted timeline. For example, in October 2020, The Confederation of Indian (CII) Industry's Indian Green Building Council (CII - IGBC) signed a MoU with the National Real Estate Development Council to propel the green buildings movement in India.

Huge cost and several reasons linked with market perception is anticipated to hinder product requirement. This is anticipated to impede the market growth of green building materials.

The impact of COVID-19 on the market and the huge capital spending needed as compared to traditional buildings is anticipated to hamper the market growth of the green building materials.

Key players involved in the green buildings market are Alumasc Group Plc, Binderholz GmbH, Amvik Systems, Bauder Limited, CertainTeed Corporation, E. I. du Pont de Nemours and Company, BASF SE, Interface Inc., Forbo International SA, Kingspan Group plc, Lafarge and Lhoist UK Ltd/Tradical.