Foam Packaging Blocks Market Overview
The Global Packaging Foams Market is expected to account for USD 17.3 billion by 2023 with 6% CAGR.
Packaging foams find large application in a wide range of end use industries. The expanding popularity of packaging foam is on account of its excellent attributes such as corrosion resistance, shock resistance, mechanical shock absorption, and anti-static properties, among others. Moreover, the need for protective packaging in the medical and electronic sector across the world is significantly influencing the development of the Foam Packaging Blocks Market. The worldwide Foam Packaging Blocks Market has been fueled by a range of applications within the automotive, food and beverage, consumer goods, and medical sectors among others.
Furthermore, it is expected that flexible foam is set to observe a remarkable growth over the tenure of forecast. It is owing to the surging consumption in the packaging of high value goods over 10 kilograms collectively with its capability to curb the shipping cost pertaining to its lightweight.The flexible property of foam packaging is estimated to observe high growth among the product type segment throughout the period of forecast. The capability of flexible foam packaging in the process of safeguarding lightweight, shock sensitive, and fragile equipment makes it suitable to be incorporated in the packaging of electronic and medical devices. Besides, the flexible form of packaging foam can be moulded in any shape. This attribute makes it suitable for packaging a wide gamut of products, as a result, adding to the expansion of the segment.
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Some of the notable players dominating the worldwide Foam Packaging Blocks Market include
Armacell Enterprise GmbH & Co. KG (Germany)
BASF SE (Germany)
Zotefoams Plc. (U.K)
Sealed Air Corporation (U.S.)
Borealis Ag (Austria)
ACH Foam Technologies, Inc (England)
UFP Technologies, Inc. among others.
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Packaging Foams Market Segmentation
Market Research Future assesses in its report that the worldwide Foam Packaging Blocks Market can be divided into material type, end-user, and product type. On the basis of the product type, the market has been classified into rigid foam and flexible foam. The market based on material type is further divided into Polyutherene (PU), Poly Vinyl Chloride (PVC), Polystyrene (PS), and others. The market on the basis of end-user industry is divided into construction and building, food and beverage, automotive, personal care and homecare, and others
The worldwide Foam Packaging Blocks Market has been studied across five key regions. These regions include North America, Asia Pacific, Latin America, Europe, and the Middle East & Africa. Out of these regions, Asia Pacific represents a primary share of the market. APAC is anticipated to be the swiftest growing region at a considerably spurring CAGR. The existence of the most populated regions of the world such as China and India has propelled the demand for foam packaging in different sectors such as electronics, automotive, and food and beverage, among others. This, in turn, is likely to spur the demand for packaging foam in the APAC region. Furthermore, the expanding construction sector is also likely to contribute to the market development. The Europe market is expected to observe an impressive growth in the countries on account of the flourishing personal care and healthcare sectors. The upsurging application of packaging foam in the instrument panels, car seats, and knobs, among others is substantially adding to the market development in the region. The North America Foam Packaging Blocks Market is mostly driven by Canada and the U.S. The prevalence of the developed end-user sectors such as construction and automotive along with the expanding adoption rate is contributing largely to the development of the market. In addition to this, the rising demand from the food and beverage sector is likely to add to the expansion of the market.
Table Of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Packaging Foams Market, By Structure
4.1 Flexible Foam
4.2 Rigid Foam
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LIST OF TABLES
Table 1 Global Packaging Foams Market, By Structure
Table 2 Global foam packaging materials market, By Material
Table 3 Global packaging foam sheets market, By Service
Table 4 Global Packaging Foams Industry, By Regions
Table 5 North America Foam Packaging Blocks Market, By Structure
Table 6 North America Packaging Foams Market, By Material
Table 7 North America, By Service
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