Global Foamed Packaging Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
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“Global Foamed Packaging Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global foamed packaging market report has been segmented on the basis of product type, material type, application, and region
Global Foamed Packaging Market: Overview
Formed packaging is used in foodservice products its helps in keeping food fresh, warm, and ready to eat for longer periods of time. This helps in maintaining original taste far better than as its served in other containers. The insulating capabilities of the packaging allow in a safer and more suitable way to manage food and beverages by protecting them against excess heat. It also helps in maintaining appropriate food temperature whether hot or cold.
Global Foamed Packaging Market: Dynamics
Rapid industrialization in developed and developing countries, flourishing cosmetic industry, coupled with the high adoption of foamed packaging for packing various cosmetic products is a major factor expected to drive growth of the global market.
Increasing government expenditure on development of the pharmaceutical sector, coupled with increasing adoption of formed packaging by pharmaceutical manufacturers, owing to superior performance and easy affordability is another factor expected to further support growth of the target market to a certain extent.
Moreover, developing e-commerce sector in emerging economies, rising consumer’s preference towards online food shopping is resulting in high adoption of foamed packaging among service providers is another factor expected to further support growth of the target market to a certain extent
However, the easy availability of alternatives is a major factor expected to hamper growth of the global market.
Increasing activities for technological advancements by major players and innovative products offerings are expected to present new opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, increasing expansion activities through strategic agreements and partnerships are expected to further support growth of the target market to a certain extent.
Global Foamed Packaging Market: Segment
Among the product type segments, the tablet segment is expected to dominate in the target market over the forecast period.
Among the material type segments, the plastic segment is expected to contribute significant revenue shares in the target market over the forecast period.
Among the application segments, the pharmaceutical segment is expected to contribute significant revenue shares in the target market over the forecast period.
Global Foamed Packaging Market: Region
The market in North America is expected to dominate in the global market and is expected to continue its dominance over the forecast period. This can be attributed to increasing environmental regulations related to plastic, flourishing cosmetic industry, coupled with high demand from cosmetic manufacturers, and presence of major manufacturers operating in countries in this region. In addition, growing merger and acquisition activities between regional and international players are expected to further support growth of the target market in this region.
The market in the Asia Pacific is expected to witness faster growth, owing to developing the pharmaceutical sector, changing regulatory scenario related to the packaging material, and the presence of prominent players operating in emerging economies in this region.
Global Foamed Packaging Market: Segmentation
Segmentation by product type
Segmentation by material type
Segmentation by applications
- Dietary Supplements & Nutraceuticals
- Cosmetics & Personal Care
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Romaco Pharmatechnik GmbH
- Amcor Limited
- Unither Pharmaceuticals
- Sanner GmbH
- Oracle Packaging, Inc.
- Tower Laboratories, Ltd.
- Amerilab Technologies, Inc.
- Nutrilo GmbH
- Parekhplast India Ltd.
- Hebei XINFUDA Plastic Products Co., Ltd.
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