The report of Packaging Foams Market is segmented by structures (flexible foam, rigid foam), material type (PS, PU, PO, others (PVDF and PVC), service type (food service protective packaging), and region (North America, South America, Asia Pacific, Europe and Middle East & Africa) global packaging foams market valued at US$ 13.19 Bn in 2018 and is expected to reach US$ 19.98 Bn by 2026, at a CAGR of 6.37 % during a forecast period.
Structures segment is expected to hold the maximum market share in packaging foams market during the forecast period.
According to the Structures, the flexible foams segment is estimated to hold largest market share during forecast period. Flexible foam such as PE foam, sub-type of PO foam and PU foam material is recommended for high-value products of over 10 kilograms this material also helps in the production of cost-effective cartons, thereby reducing shipping costs.
North America is expected hold the maximum market share in packaging foams market followed by Europe during the forecast period:
In terms of Region, Asia-Pacific is anticipated to witness significant growth during the forecast period, owing to availability of inexpensive raw materials, low cost of production, and ability to cater to the local emerging market. In addition, increased demand for premium and better-quality products has contributed to the growth of the market in this region.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain market positioning of competitors.
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