Packaging Foam Market worth 6% CAGR by 2028
Bengaluru, August – Packaging foam is a type of foam used in various products for packaging purposes. It is made from various materials such as polystyrene, polyolefin, polyurethane and others. In addition, it is utilized to protect goods from supply chain atmosphere and to protect them from mechanical disruption. An extraordinarily high percentage of consumer goods are marketed in packets, either because of storage and transport stability needs or regardless of aesthetic reasons.
Ongoing innovations in foam materials and manufacturing processes have led to the development of high-performance foams with improved shock absorption, reduced weight, and enhanced insulation properties. Thus, the innovations in the technology are contributing to the market growth. Moreover, the automotive sector’s growth has fueled the packaging foam market. It is used for delicate auto parts and components, especially as the industry moves towards electric vehicles that require specialized packaging.
The rapid growth of e-commerce presents a significant opportunity for packaging foam manufacturers. As online shopping becomes more prevalent, there is an increasing demand for effective and protective packaging materials to ensure products reach customers undamaged. Further, various industries such as electronics, medical devices, and glassware, require specialized foam packaging to protect delicate and fragile goods. Developing foam materials with enhanced shock absorption and impact resistance can cater to these markets and offer added value.
The Packaging Foam Market research report titled as “Packaging Foam Market by Type, By Material, By End-users and By Geography – Global Drivers, Restraints, Opportunities, Trends, and Forecast to 2028”
The few prominent companies of the Packaging Foam Market competitors are Arkema SA, Armacell Group, BASF SE, Borealis AG, and Drew Foam Co, Inc.
The North America region dominates the packaging foam market. Since, the bulk of food and beverage processing facilities in the region are wineries and facilities for the processing and slaughtering of animals.
The report consists of —- Tables 107 and charts 67 depicting the in-depth market study and the impact analysis of COVID-19 by Vendor name. View detailed TOC here.
Packaging Foam Market by Type:
- Flexible
- Rigid
Packaging Foam Market by Materials:
- Polystyrene
- Polyurethane
o Polyether Polyurethane
o Polyester Polyurethane - Polyolefins
o Expanded Polyolefins
o Cross-linked Polyolefins - Others (such as polyvinyl chloride)
Packaging Foam Market by End-users:
- Food & Beverages
- Automotive
- Electrical & Electronics
- Consumer Durables
- Logistics
- Medical & Personal Care
- Others
Packaging Foam Market by Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World
About IHR Insights:
We are Market Research and Consulting firm, Offers Market Intelligence, Custom Market Research, Consulting, Go-To-Market and Content Development Services. Consulting Services Includes Market Entry Strategy, Opportunity Assessment, Competition Tracking, Technology Mapping, Sentiment Analysis, Brand Reputation Management. We work on full time engagement model with clients supporting their market intelligence needs across various departments at global level. We work as a partner and provide continues support to the organizations from basic secondary research to strategic inputs in business planning and expansion.
For further inquiries or media contact:
Marketing & Communications
IHR Insights
inquiry@ihrinsights.com