Global Packaging Foam Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

Global Packaging Foam Market report generated by MarketResearch.biz offers a detailed insight into the packaging foam market which has been segmented on the basis of product type, material type, application, and region. The revenues of each segment is presented systematically so as to offer a clear understanding of the market scenario on region-, as well as country-wise basis. The top-down and bottom-up approaches have been followed to gain clearer insights into the target market. The dynamics section contains detailed factors that are driving or restraining market growth. In addition, projections of these factors are also provided. Opportunities and Threats are also included to support the findings and to justify projections. Company profile section includes top 10 companies in the target market, and detailed description of financials, segments, revenues etc.

Request Covid - 19 Impact

Overview:

Packaging foams are widely used in a range of end-use industries owing to properties such as high corrosion resistance, shock resistance, mechanical shock absorption, and anti-static among others. Packaging foam give a cushioning effect to protect delicate items during shipping or transportation. During shipping, chances of damage need to be considered. In order to avoid such incidence, packaging foams are used inside delivery box or packages, or cases etc.  These can be used for multi-purpose packaging, and are generally used for packaging of medical products, electronics, toys, and others.

Dynamics:

Increasing technological developments in product packaging is a significant factor projected to drive growth of the global market. Rising demand for protective and safe transportation coupled with the rapidly growing trend of online shopping are among other factors projected to fuel growth of the global market to significant extent.

A primary factor, such as unpredictable prices of raw materials, is projected to restrain growth of the global packaging foams market.

Increasing manufacturing and production of various products and need to ensure safe packaging and delivery continues to present lucrative opportunities for players operating in the target market.

Segment Analysis:

By Product Type:

Among the product type segments, the flexible foam segment is projected to account for substantially higher revenue share and register highest CAGR in the global packaging foam market. This is attributable to the properties of flexible foams which are lightweight, and can be used to protect delicate and shock-sensitive devices from damage.

By Material Type:

Among the material type segments, the polyutherene (PU) segment is estimated to account for largest revenue share among the material type segments. Growing demand for packing materials purchased through e-commerce platforms in developing countries and the various advantages such as excellent thermal insulation, lightweight construction, strong adherence ability, and exceptional insulating and mechanical properties of foams are expected to continue to boost demand and drive revenue growth of this segment.

By Application:

Among the application segments, the automobile sector segment is projected to dominate among other segments owing to rising production of smartphones and other electronic devices.

Region Analysis:

Geographically, the global packaging foam market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East & Africa. The market in Asia Pacific is projected to account for majority revenue share over the long term. This is attributed easy availability of raw materials in this region as well as government schemes to promote foreign investment in countries in the region. In addition, increasing e-shopping trend in countries such as India, China, Thailand, and Indonesia projected to boost growth of the packaging foams market.

Revenue from the North America market is expected to increase at a constant pace over the forecast period, followed by the market in Europe.

Global Packaging Foam Market: Segmentation

Segmentation by Product Type:

• Flexible Foam
• Rigid Foam

Segmentation by Material Type:

• Polyutherene (PU)
• Polystyrene (PS)
• Poly Vinyl Chloride (PVC)
• Others

Segmentation by Application:

• Food Service
• Automobile
• Consumer Goods
• Homecare and Personal Care

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Arkema
• Armacell LLC
• Fritz Nauer AG
• Sealed Air
• Synthos S.A.
• Kaneka Corporation
• Recticel
• JSP - High Performance Lightweight Plastic Solutions
• Zotefoams PLC
• Borealis AG
• Rogers Corporation
• BASF SE
• ACH Foam Technologies