Product Code: RP-ID-10325835 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Chemicals |
Report ID: 10325835
Market Overview:
Packaging Foam Market By Type (Flexible and Rigid), By Material (Polystyrene, Polyurethane [Polyether & Polyester], Polyolefins [Expanded & Cross-linked], and others), By End-users and By Geography – Global Drivers, Restraints, Opportunities, Trends, and Forecast to 2025
Packaging Foam Market – Global Drivers, Restraints, Opportunities, Trends & Forecast up
to 2025
Polymers are being used in almost all aspects of our daily life. Few of these polymers are either
extruded or expanded to create foamed structure, to be used in various applications. Large
volumes of these polymer foams are used in packaging applications in various industries. These
foamed materials are so widely used that these can be easily seen in the packaging of fast food
chains or as a cushion in refrigerator/washing machine packaging or protective support in the
laptop packaging among many other areas.
Polyurethane is the most used material for packaging foam, although polystyrene foam is most
visible to consumers. Globally, polystyrene foam follows the polyurethane foam, which is
expected to extend the lead given resistance faced by polystyrene foam from regulatory bodies
across the globe. Among major regulatory challenges the polystyrene market must face are the
circular economy package by the European Union and restaurant food packaging ban in few
states in the US. These challenges are expected to slow the growth of the polystyrene packaging
foam market, although the growth in developing countries is expected to remain strong.
The automotive industry, along with food & beverage and electrical & electronics, are expected
to remain the key end-user segments for packaging foam. Collectively, these three segments are
expected to keep contributing around two-third of the global market, even though the share for
the food & beverage segment is expected to decline with segment hardly maintaining demand in
Europe and North America.
The study of the packaging foam market provides the market size information and market
trends along with the factors and parameters impacting it in both the short- and long-term. The
study also covers the competitive scenario of the market, major players with their branding
strategies, and differentiating factors among others. The study ensures a 360° view, bringing out
the complete key insights of the competitive industry. These insights are intended to help the
business decision-makers to make better business plans and informed decisions for the future
growth. In addition, the study helps venture capitalists in understanding the companies better
and take informed decisions.
According to Infoholic Research, the packaging foam market is expected to grow at a CAGR of
4.8% during the forecast period 2019–2025 to reach a value of $22.43 billion by 2025. The
flexible packaging foam is expected to remain the more preferred type, while the polyurethane
category will continue to lead the material segment within the packaging foam market. The
supplier side for the packaging foam products is expected to remain competitive with
fragmented competitive coverage and all the companies competing for limited market
opportunities. Few of the prominent players in the packaging foam market are Atlas Roofing
Corporation, Armacell, BASF SE, Borealis AG, Dart Containers Corporation, FoamPartner Group,
JSP, Kaneka Corporation, Sealed Air, Wisconsin Foam Products, and Zotefoams.
Report Scope:
ï‚· Type
o Flexible
o Rigid
ï‚· Materials
o Polystyrene
o Polyurethane
 Polyether Polyurethane
 Polyester Polyurethane
o Polyolefins
 Expanded Polyolefins
 Cross-linked Polyolefins
o Others (such as polyvinyl chloride)
ï‚· End-users
o Food & Beverages
o Automotive
o Electrical & Electronics
o Consumer Durables
o Logistics
o Medical & Personal Care
o Others
ï‚· Geographies
o Asia Pacific
o North America
o Europe
o Latin America
o Middle East & Africa
ï‚· Industry outlook: market trends and drivers, restraints, and opportunities
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