Global floppy disk liner market size is slated to witness a major upsurge over 2022-2028, owing to the usage advantages of the floppy disk drive, such as small size, cost-effectiveness, high compatibility with old computers, and portability, among others. In addition, the rise of remote working and the subsequent increase in sales of personal computers will further assert a positive influence on the adoption of floppy disk devices and liners in the years ahead. A floppy disk refers to a magnetic storage medium for computer systems, which is composed of a flexible, thin magnetic disk sealed in a plastic carrier. A liner for the floppy disk is a protective container that comprises a nonwoven fabric as well as a high molecular weight resin that is attached thereto.
Rapid urbanization and the escalating use of electronic devices are among the prominent trends bolstering the floppy disk liner market dynamics over 2022-2028. According to the World Bank’s statistics, around 7 of 10 people will live in cities globally by 2050. As the most applied technologies for efficient data collection in urban infrastructure include electronic and consumer devices, the increased urbanization will amplify the demand for floppy disk readers and liners. In addition, the increasing use of computers across sectors like finance and banking to efficiently capture and analyze data will also fuel industry growth over the forecast spell. However, the rising usage of the operating system path by Device Manager in Windows 11 rather than floppy disks may create a hindrance to the market expansion to some extent.
Desktop will emerge as a prominent application segment for the floppy disk liner industry by 2028. This is a result of the mounting sales and demand for computers to support remote working and learning, especially during the ongoing coronavirus pandemic. In addition, the strong product deployment for gaming and other applications, alongside the availability of desktops for commercial use, will also add impetus to industry share in the upcoming years.
Regionally, the Middle East and Africa floppy disk liner market will amass considerable profits by 2028. This is on account of the rapid expansion of the consumer electronics sector in the UAE, mainly driven by a boom in the secondhand electronics industry. According to the Digital 2021 report for Saudi Arabia, there were over 33.58 million internet users in the country in January 2021. These factors, alongside the strong focus on boosting technological advancements and economic growth in the Middle East, will also strengthen the industry outlook over the estimated timeline.
The competitive landscape of the floppy disk liner industry consists of companies such as Samsung Electronics, Intel Corporation, Toshiba Corporation, Sony Corporation, Lenovo, Seagate Technology, Kingston Technology Corporation, and Western Digital Technologies Inc., among others. These companies are focusing on new product launches, collaborations, and acquisitions to expand their business scope across the competitive market.
Influence of COVID-19 on Floppy Disk Liner Market Trends:
In the wake of the coronavirus pandemic, millions of workers and students have embraced remote operations, thereby spurring the sales of PCs to the highest level in the past six years. According to a survey conducted by Harvard Business School in 2020, nearly 80% of the large companies and 45% of the small companies made a switch to remote work in the U.S. Also, around 93% of the households in the country with school-age children reported remote learning, as per the Census Bureau. Factors such as these could push the deployment of PCs and laptops, and in turn, propel floppy disk liner industry share over the foreseeable future.