Packaging Foams Market was valued at US$ 16.85 Bn. in 2022. Global Packaging Foams Market size is estimated to grow at a CAGR of 8.87%.
Packaging Foams Market Overview:Foam packaging plays a vital role in the purchasing experience of consumers. The packaging has major functions like containment, protection, communication, and utility, which helps to maximize sales and profits. Currently, the demand for packaging foam is increasing at an exponential rate because of its advanced cushioning effect for protection. As the pandemic has demonstrated, packaging has become an essential service for the shipment, storage, and consumed products. The manufacturers and distributors are striving to offer a packaging product with environmental protection, resource conservation, and sustainability. The report covers the market dynamics like drivers, restraints, opportunities and challenges by each region. In the report, we have considered 2022 as a base year and for the market value analysed the real output numbers.To know about the Research Methodology :- Request Free Sample Report Sustainable and environmental-friendly packaging is high on the agenda of top packaging manufacturers and their customers. An increase in disposable income levels, consumer awareness, and demand for processed food are expected to drive the adoption of the packaging foams. The rapid expansion of the end-user segments of food, beverages, FMCG, and pharmaceuticals, high consumer spending levels in household products like bedding, furniture, and appliances are some of the factors that boost the demand for packaging solutions In the current market scenario, consumers are looking for the main qualities in their packaged products, mainly to food product packaging is the ease of convenience, ease of use, and ease of transport. Retailers are seeking similar qualities to packages that provide a longer shelf-life. With the high demand, the packaging foam market is expected to grow at a xx% rate in the near future. E-commerce and convenience: drive the demand for Packaging Foams The rise in the adoption of e-commerce and the need for convenience are shaping new B2B and B2C customer expectations. E-commerce and home delivery businesses are boosting a massive demand for packaging foam. A shift in consumer purchasing preferences from offline to online, customer comforts of online shopping, high internet, smartphone penetration, and the ongoing digital transformation across the developing nations are some of the driving factors that increase the adoption of packaging foam.
Market Segment Analysis:Based on the Structure, the packaging foam market is segmented into flexible foam and rigid foam. The flexible foam is expected to contribute maximum share in the market. It is well suited for extremely sensitive products like computer parts, fruits, electronic parts, and jewellery. The global population is expected to grow at a rapid rate mainly in key emerging markets, like China and India, the rate of urbanisation is expected to grow, which will increase the demand for food and electronics products. An increase in consumer income for spending on consumer goods and exposure to modern retail channels are expected to drive the demand for flexible packaging foam. High penetration of electronics products among the young population is expected to drive the market growth. An increase in demand for extended shelf life for the packaged products and consumer demand for convenience products are expected to increase the demand for flexible foam. Based on the Service Type, the Protective Packaging segment is expected to hold the dominant position in the market. Packaging foams are most widely used for protection across the logistical environment and from mechanical damage. Industrial products are sold in packages because of the stability requirements for storage and transport. An increase in the adoption of industrial electronics products through e-commerce and demand for packaging foam for safe protection of the delivery are expected to boost the market growth.
Regional Insights:With the growing awareness among the population for protective packaging and governmental push with respect to eco-friendly and sustainable packaging across the developing nations like India and China are expected to drive the Asia Pacific packaging foams market. The global market for online retailing is growing rapidly, which is driven by the penetration of the Internet and smartphones. Consumers are gradually buying more goods online, which is expected to increase the demand for packaging solutions. A rapidly growing e-commerce industry across the region is expected to propel the foam packaging market. Currently, India has witnessed sustainable packaging growth because of the packaged food consumption and demand for electronics products. It is expected to be continued by the increase in home deliveries for grocery purchases and other home care products across the country. Companies are focusing on their products, marketing strategies, and service offerings to deliver evolving needs of consumers. Packaged food product key companies are focussing on packaging materials that support longer shelf-life. Key companies operating in the foam packaging market are focusing on innovation and new product development to increase customers or to retain existing ones. For instance, in 2022, Storopack has introduced new polyurethane foam with renewable content to ship goods and lower impact on the environment. UFP Technologies, Inc., who is one of the largest foam fabricators in North America have developed lo long-term partnerships with many of the world's leading foam and specialty material manufacturers and focusing on the deployment of the best material for packaging among a broad array of polyethylene foams, polyurethane foams, and specialty materials. The objective of the report is to present a comprehensive analysis of the global Packaging Foams Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Packaging Foams Market dynamic, structure by analyzing the market segments and projecting the Packaging Foams Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Packaging Foams Market make the report investor’s guide.
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Packaging Foams Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 16.85 Bn. Forecast Period 2023 to 2029 CAGR: 8.87% Market Size in 2029: US $ 30.55 Bn. Segments Covered: by Structures Flexible Foam Rigid Foam by Material Type Polystyrene Foam Polyurethane Foam Polyolefin Foam Others (PVDF and PVC) by Service Type Food Service Protective Packaging
Packaging Foams Market by RegionNorth America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina and Rest of South America)
Packaging Foams Market Key Players are:1. ACH Foam Technologies 2. Arkema 3. Armacell LLC 4. BASF SE 5. Borealis AG 6. Foampartner Group 7. JSP 8. Kaneka Corporation 9. Recticel 10.Rogers Corporation 11.Sealed Air 12.Synthos S.A. 13.Total 14.Zotefoams PLC 15.Dongshing Industry, Inc 16.Foamcraft Inc. 17.Hanwha Corporation 18.Synbra Holding bv 19.Tosoh Corporation 20.UFP Technologies Frequently Asked Questions: 1. Which region has the largest share in Global Packaging Foams Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Packaging Foams Market? Ans: The Global Packaging Foams Market is growing at a CAGR of 8.87% during forecasting period 2023-2029. 3. What is scope of the Global Packaging Foams market report? Ans: Global Packaging Foams Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Packaging Foams market? Ans: The important key players in the Global Packaging Foams Market are – ACH Foam Technologies, Arkema, Armacell LLC, BASF SE, Borealis AG, Foampartner Group, JSP, Kaneka Corporation, Recticel, Rogers Corporation, Sealed Air, Synthos S.A., Total, Zotefoams PLC, Dongshing Industry, Inc, Foamcraft Inc., Hanwha Corporation, Synbra Holding bv, Tosoh Corporation, and UFP Technologies. 5. What is the study period of this market? Ans: The Global Packaging Foams Market is studied from 2022 to 2029.
1. Packaging Foams Market Size: Research Methodology 2. Packaging Foams Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Packaging Foams Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Packaging Foams Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Packaging Foams Market Size Segmentation 4.1. Packaging Foams Market Size, by Structures (2022-2029) • Flexible Foam • Rigid Foam 4.2. Packaging Foams Market Size, by Material Type (2022-2029) • Polystyrene Foam • Polyurethane Foam • Polyolefin Foam • Others (PVDF and PVC) 4.3. Packaging Foams Market Size, by Structures (2022-2029) • Food Service • Protective Packaging 5. North America Packaging Foams Market (2022-2029) 5.1. North America Packaging Foams Market Size, by Structures (2022-2029) • Flexible Foam • Rigid Foam 5.2. North America Packaging Foams Market Size, by Material Type (2022-2029) • Polystyrene Foam • Polyurethane Foam • Polyolefin Foam • Others (PVDF and PVC) 5.3. North America Packaging Foams Market Size, by Service Type (2022-2029) • Food Service • Protective Packaging 5.4. North America Packaging Foams Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Packaging Foams Market (2022-2029) 6.1. European Packaging Foams Market, by Structures (2022-2029) 6.2. European Packaging Foams Market, by Material Type (2022-2029) 6.3. European Packaging Foams Market, by Service Type (2022-2029) 6.4. European Packaging Foams Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Packaging Foams Market (2022-2029) 7.1. Asia Pacific Packaging Foams Market, by Structures (2022-2029) 7.2. Asia Pacific Packaging Foams Market, by Material Type (2022-2029) 7.3. Asia Pacific Packaging Foams Market, by Service Type (2022-2029) 7.4. Asia Pacific Packaging Foams Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Packaging Foams Market (2022-2029) 8.1. The Middle East and Africa Packaging Foams Market, by Structures (2022-2029) 8.2. The Middle East and Africa Packaging Foams Market, by Material Type (2022-2029) 8.3. The Middle East and Africa Packaging Foams Market, by Service Type (2022-2029) 8.4. The Middle East and Africa Packaging Foams Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Packaging Foams Market (2022-2029) 9.1. Latin America Packaging Foams Market, by Technology (2022-2029) 9.2. Latin America Packaging Foams Market, by Application (2022-2029) 9.3. Latin America Packaging Foams Market, by Application (2022-2029) 9.4. Latin America Packaging Foams Market, by Country (2022-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. ACH Foam Technologies 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Arkema 10.3. Armacell LLC 10.4. BASF SE 10.5. Borealis AG 10.6. Foampartner Group 10.7. JSP 10.8. Kaneka Corporation 10.9. Recticel 10.10. Rogers Corporation 10.11. Sealed Air 10.12. Synthos S.A. 10.13. Total 10.14. Zotefoams PLC 10.15. Dongshing Industry, Inc 10.16. Foamcraft Inc. 10.17. Hanwha Corporation 10.18. Synbra Holding bv 10.19. Tosoh Corporation 10.20. UFP Technologies