Anti-Static Collapsible Tote Bins Market To Witness Exponential Growth By 2024

May 6, 2021

Anti-Static Collapsible Tote Bins Market: An overview

Shipment of goods which can damage due to static discharge is a major challenge for the end-use industries. Anti-static collapsible tote bins are durable and provide excellent protection from static discharge. Further anti-static tote bins can collapse completely flat which leads to reduced transportation costs as they minimize storage. Besides enhanced lifespan, the smooth surfaces of the anti-static collapsible tote bins are easy to clean which allows for increased longevity. Stack ability of anti-static collapsible tote bins is anticipated to augment its adoption amongst the end-users. Essentially, the anti-static collapsible tote bins are ideal solution where storage space is a challenge, or reusability is required.

Moreover, anti-static collapsible tote bins have inset handles which enable easy lifting and carrying and reinforced stacking lugs aid stability of tote bins when they are stacked. Availability of anti-static collapsible tote bins with option of lids offer further protection to the products. The smooth surface of the anti-static collapsible tote bins provides the opportunity for external printability which can be used by the manufacturers to promote their brand or add health and safety instructions. These factors are likely to boost the demand for anti-static collapsible tote bins in the forecasted period.

Anti-Static Collapsible Tote Bins Market: Dynamics

The risk of electrical products getting spoiled due to the generation of static electricity and damage of electronics and electrical devices due to the absence of suitable packaging solutions is of major concern for the manufacturers. Increasing demand for anti-static packaging in the electrical and electronics industry for static prone components drives the anti-static packaging market. Further, demand for semiconductors and circuit boards is witnessing significant expansion due to the increase in demand for personal computers and mobile phones which might boost the demand for anti-static collapsible tote bins. Circuit boards and semiconductors are highly sensitive components and thereby, it is necessary that they are handled carefully with effective anti-static packaging solutions. Anti-static collapsible tote bins becomes an ideal solution to store and ship electronics and electrical components as they ensure effective performance and cost savings.

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Furthermore, demand for anti-static collapsible tote bins is forecasted to grow in the defense industry due to the use of explosive powders and materials which are prone to static discharge and can be damaged if not provided ideal anti-static packaging solution. Rising expenditure on the military and defense sector across the globe is expected to rise demand for explosives and electronic static discharge prone explosives. This is anticipated to boost demand for anti-static collapsible tote bins in the years to come.

Anti-Static Collapsible Tote Bins Market: Market segmentation

The anti-static collapsible tote bins market is segmented by end-use industry, capacity and material type.

By capacity, the anti-static collapsible tote bins market has been segmented as

Less than 50 litres
51-150 litres
151-300 litres
301-450 litres
Above 450 litres

By material type, the anti-static collapsible tote bins market has been segmented as

Metal
- Aluminum
Plastic
- Polypropylene
- Polyethylene
Paperboard

By end use industry, the anti-static collapsible tote bins market has been segmented as

Electrical & Electronics
Automobile
Aerospace
Pharmaceutical & Healthcare
Defense & Military
Others

Anti-Static Collapsible Tote Bins Market: Regional Outlook

Asia Pacific region is likely to have a prominent market share in the anti-static collapsible tote bins market due to huge demand for electronics and electrical components. Further, automobile parts manufacturing in the region is likely to result in increased demand for anti-static collapsible tote bins. Further, the North America and Europe region are likely to witness gradual growth owing to the technological innovations in the automobile and explosive industry. Moreover, heavy investment in the cloud and digital solutions would further boost the demand for anti-static packaging, resulting in heightened demand for anti-static collapsible tote bins.

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Anti-Static Collapsible Tote Bins Market: Key players

The key players in the anti-static collapsible tote bins market are,