Global Packaging Foams Market, By Type (Flexible Foam, Rigid Foam), Material Type (Polyurethane Foam, Polyolefin Foam, Others), Service Type (Food Service, Protective Packaging, Others), Application (Inserts, Corner and Edge Protectors, Antistatic ESD Foam, Liners, Others), End User (Medical and Pharmaceutical, Food and Beverages, Aerospace and Defense, Automotive, Electrical and Electronics, Personal Care, Consumer Packaging, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Packaging Foams Market
The packaging foams market size is expected to grow at a compound annual growth rate of 8.50% for the forecast period of 2021 to 2028. Data Bridge Market Research report on packaging foams market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Packaging foam helps to give a cushioning effect to protect delicate items during shipping or transportation. Packaging foams are broadly used in a range of end-use industries due to properties such as high corrosion resistance, mechanical shock absorption, shock resistance and anti-static among others.
The rapid technological development in product packaging is expected to influence the growth of the packaging foams market. In line with this, the high growth in the e-commerce industry along with an rise in the rise of the sale of protective packaging products are also anticipated to act as key determinants favoring the growth of the packaging foams market over the forecast period of 2021 to 2028. Also the, demand for protective and safe transportation and rise in the trend of online shopping are also expected to positively impact the growth of the packaging foams market. The major factor accountable for the growth of the market is the high demand for packaging foams in food service and protective packaging sectors.
However, the fluctuation in the prices of raw materials and availability of substitutes are likely to act as key restraints towards packaging foams market growth rate in the forecast period of 2021 to 2028, whereas the government regulation on polymer packaging can challenge the growth of the packaging foams market in the above mentioned forecast period.
Furthermore, the rise in the manufacturing and production of various products, increase in the need to ensure safe packaging and delivery along with the rapid advancement in techniques in transportation are expected to offer a variety of growth opportunities for the packaging foams market in the above mentioned forecast period.
This packaging foams market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the packaging foams market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Packaging Foams Market Scope and Market Size
The packaging foams market is segmented on the basis of type, material type, service type, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on type, the packaging foams market is segmented into flexible foam and rigid foam.
- On the basis of material type, the packaging foams market is segmented into polyurethane foam, polyolefin foam and others. Polyolefin foam has further been segmented into polyprypylene foam and polyethylene foam. Polyprypylene foam has further been sub-segmented as expanded polypropylene. Others have further been segmented into polyvinyl chloride (PVC) and polyvinylidene difluoride (PVDF).
- The service type segment for packaging foams market is segmented into food service, protective packaging and others. Food service has further been segmented into cups, food trays plates and bowls and hinged containers. Protective packaging has further been segmented into medical, automotive and transportation, consumer goods/ electronics goods and others.
- Based on application, the packaging foams market is segmented into inserts, corner and edge protectors, antistatic ESD foam, liners and others.
- On the basis of end user, the packaging foams market is segmented into medical and pharmaceutical, food and beverages, aerospace and defense, automotive, electrical and electronics, personal care, consumer packaging and others.
Packaging Foams Market Country Level Analysis
The packaging foams market is analyzed and market size, volume information is provided by country, type, material type, service type, application and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the packaging foams market because of the easy availability of raw materials and rise in the e-shopping trend in countries such as India and China. North America is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to rise in disposable incomes.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Packaging Foams Market Share Analysis
The packaging foams market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to packaging foams market.
The major players covered in the packaging foams market report are Arkema, BASF SE, Atlas Molded Products, ARMACELL LLC, Sealed Air, KANEKA CORPORATION, Borealis AG, Recticel NV/SA, Rogers Corporation, Synthos, Total, Zotefoams plc, Foamcraft, Inc., Hanwha Advanced Materials America, BEWiSynbra Group, Tosoh Corporation, UFP Technologies, Inc., Dow, RAJAPACK Ltd, and JSP among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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