Packaging Foams Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Flexible Foam & Rigid Foam), By Service Type (Food Service and Protective Packaging), By Region and Competition

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 16.89 billion

CAGR (2023-2028)

6.03%

Fastest Growing Segment

Flexible Foam

Largest Market

Asia Pacific

Market Overview

Global Packaging Foams Market has valued at USD 16.89 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.03% through 2028. Foams are widely recognized for their exceptional sound and thermal insulation properties, stemming from characteristics like low density and thermal conductivity. Typically derived from petroleum, foam can come in both rigid and flexible forms, made from a range of materials such as polyurethane, polystyrene, polyvinyl chloride, polyisocyanurate, polyethylene, polypropylene, polyethylene-vinyl acetate, nitrile rubber, and other polyolefins. Foam packaging, a material used to provide reliable support and protect against scratches, dents, and other damages, is predominantly used for one-time packaging. However, for products that are shipped multiple times, it is advisable to consider reusable packaging solutions. The two most commonly used reusable packaging are polyurethane and polyethylene foams. Packaging foam comes in three main compositions, each with its unique properties and advantages based on their material and function: polyurethane, polyethylene, pick and pull grid, antistatic, egg-crate, and custom case. The production of foam involves various methods such as slab-stock pouring, extrusion, and different forms of molding. With its versatility, foam finds application in multiple sectors, including cushioning, insulation, packaging, mattresses, and various other industries. It can be used repeatedly for multi-purpose packaging and is a cost-effective solution for product protection. Foam packaging is predominantly utilized in electronics, toys, and other consumer goods.

The growth of the e-commerce industry and the rising demand for protective packaging products have contributed to the emergence of the global Packaging Foams Market. Manufacturers in this sector emphasize lightweight packaging, simplified designs, and the use of recyclable materials to ensure safe transportation of products. These factors have significantly propelled the growth of the global Packaging Foams Market, with the 3PL (Third-Party Logistics) sector playing a pivotal role in driving the demand for secure and protective transportation.

Manufacturers are focusing on developing thinner and smaller packages with a higher lead count to optimize board space. The development of new techniques and materials has enabled the integration of passive components in a compact Chip Scale Package (CSP) format. These advancements aim to deliver embedded passives with improved electrical and thermal behavior to meet RF (Radio Frequency) requirements. Such innovations are expected to drive the growth of the global Packaging Foams Market.

However, certain challenges and restraints hinder the overall market growth. The lack of a skilled workforce and the absence of standardized protocols pose limitations to market expansion. Additionally, the volatility in raw material prices is projected to impact market growth during the forecast period. Furthermore, government regulations on polymer packaging and the availability of substitutes are potential restraints that hamper the overall growth of the global Packaging Foams Market.

Key Market Drivers

Growing Demand of Packaging Foams in Healthcare Industry

Packaging foams are widely utilized in the healthcare sector due to their exceptional properties, including lightweight, durability, and excellent cushioning. These foams play a crucial role in safeguarding sensitive medical equipment and pharmaceutical products during transportation, ensuring their safe arrival at their destinations undamaged and in optimal condition.

Moreover, packaging foams offer superior insulation properties, which are vital for temperature-sensitive healthcare products. By maintaining the required temperature range during transit, these foams ensure the efficacy and integrity of these products.

The global demand for medical devices and pharmaceuticals has witnessed a significant surge, primarily driven by factors such as an aging population, increased prevalence of chronic diseases, and advancements in medical technology. Consequently, the need for efficient and reliable packaging solutions, particularly packaging foams, has experienced a substantial rise.

Furthermore, the ongoing COVID-19 pandemic has further escalated the demand for medical supplies, leading to an unprecedented increase in the utilization of packaging foams within the healthcare sector.

Technological advancements in packaging foams have also played a pivotal role in their growing popularity within the healthcare sector. Innovations in foam technology have resulted in the development of antimicrobial packaging foams that effectively hinder the growth of bacteria and other harmful microorganisms. This additional layer of protection ensures the safety and purity of medical products.

In conclusion, the escalating demand for packaging foams in the healthcare industry serves as a significant driver of the global packaging foams market. The unique properties of packaging foams, coupled with the surge in demand for medical devices and pharmaceuticals, as well as advancements in foam technology, are key contributing factors to this upward trend. As the healthcare sector continues to expand and evolve, the demand for packaging foams is expected to witness further growth, thereby driving the overall expansion of the global market.

Growing Demand of Packaging Foams in Food and Beverage Industry

Packaging foams have witnessed a remarkable surge in utilization within the food and beverage industry, primarily due to their exceptional properties that include lightweight Ness, durability, and exceptional cushioning capabilities. These foams play a crucial role in safeguarding delicate food items during transportation, ensuring that they reach customers in impeccable condition.

Moreover, packaging foams offer an added advantage of excellent insulation, making them indispensable for maintaining the desired temperature range of temperature-sensitive food and beverage products during transit. This aspect becomes even more significant considering the escalating global demand for packaged food and beverages, driven by factors like urbanization, evolving lifestyle patterns, and an upsurge in disposable income. Consequently, the need for efficient and reliable packaging solutions, such as packaging foams, has experienced a substantial upswing.

Furthermore, the COVID-19 pandemic has further intensified the demand for packaged food and beverages, resulting in an unprecedented surge in the usage of packaging foams within the food and beverage sector. Additionally, technological advancements have played a pivotal role in boosting the popularity of packaging foams in this industry. Innovations in foam technology have led to the development of food-grade packaging foams that are deemed safe for direct contact with food and beverage items, ensuring consumer safety and satisfaction.

To sum it up, the escalating demand for packaging foams in the food and beverage industry serves as a key driver for the global packaging foams market. The unique attributes of packaging foams, coupled with the exponential growth in the demand for packaged food and beverages, as well as advancements in foam technology, are continually contributing to this upward trend. As the food and beverage sector continues to expand and evolve, the demand for packaging foams is expected to witness further growth, thereby driving the growth of the global market.


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Key Market Challenges

Volatility in Prices of Raw Materials

Packaging foams, commonly derived from petrochemicals such as polystyrene, polyethylene, and polyurethane, play a crucial role in protecting and cushioning various products during transportation and storage. These materials, however, are not immune to the impacts of fluctuating raw material prices. Several factors come into play, including shifts in crude oil prices, supply-demand dynamics, and geopolitical events, all of which can lead to price fluctuations.

When the prices of raw materials increase, manufacturers of packaging foams often find themselves facing higher production costs. These increased costs, if not absorbed by the manufacturers themselves, are often passed on to consumers in the form of higher product prices. This can have a direct impact on purchasing decisions and can potentially disrupt supply chains, affecting the overall growth of the packaging foams market.

Global events, such as political instability, trade disputes, and pandemics, can further exacerbate the volatility in raw material prices. For instance, the recent COVID-19 pandemic has caused significant disruptions in the global supply chain, resulting in price volatility and uncertainty in the packaging foams market.

It is also worth noting that trade policies and tariffs imposed by countries can have a considerable impact on the prices of raw materials. Such policies can lead to increased import costs, further escalating the prices of these essential components.

Given the intricate relationship between raw material prices, production costs, and market dynamics, it becomes crucial for stakeholders in the packaging foams industry to closely monitor these factors and develop effective strategies to navigate through the challenges posed by price fluctuations and uncertainties.

Key Market Trends

Rise in Reduced Plastic Usage

A growing emphasis on sustainability in packaging is driving the trend of reduced plastic usage. As the environmental impact of plastic waste becomes increasingly evident, businesses and consumers alike are seeking alternatives to traditional plastic packaging.

This trend is further propelled by regulatory measures aimed at curbing plastic pollution. Bans on Expanded Polystyrene (EPS) foam products and restrictions on single-use plastics in various regions are encouraging the substitution of plastic with more sustainable materials.

The move towards reduced plastic usage has a direct impact on the packaging foams market, given that most packaging foams are derived from petrochemicals. However, this challenge also presents an opportunity for innovation and growth.

Companies in the packaging foams market are responding to this trend by investing in research and development to create eco-friendly alternatives to traditional packaging foams. These innovations include biodegradable foams and foams made from renewable resources.

Despite the trend towards reduced plastic usage, plastics are expected to maintain their dominance in the packaging foams market due to their unique properties, such as lightweight, durability, and excellent insulation.

However, the composition of these plastics is likely to change. The future of the packaging foams market lies in sustainable, eco-friendly foams that meet the performance needs of various industries while minimizing environmental impact.

As consumer awareness and demand for sustainable packaging continue to rise, the focus on reducing plastic usage will drive further advancements in the development of innovative and environmentally friendly packaging foams. This includes exploring new materials, manufacturing processes, and technologies that can offer viable alternatives to traditional plastic foams.

Moreover, collaborations between packaging companies, material suppliers, and research institutions are expected to accelerate the pace of innovation in this field. The collective effort to find sustainable packaging solutions will not only benefit the environment but also create new business opportunities and drive economic growth.

In conclusion, the trend towards reduced plastic usage in packaging foams is a significant shift driven by environmental concerns and regulatory measures. While plastics will continue to play a dominant role in the market, the focus is shifting towards sustainable and eco-friendly foams. Through innovation, research, and collaboration, the packaging foams industry is poised to meet the growing demand for environmentally responsible packaging solutions.

Segmental Insights

Type Insights

Based on the category of type, the flexible foam segment emerged as the dominant player in the global market for Packaging Foams in 2022. This can be attributed to its versatile nature, lightweight design, cost-effectiveness, and high durability. Over the past decade, the foam packaging industry has experienced a surge in demand, driven by the growing e-commerce sector. Foam packaging finds extensive application in the packaging of electronic components, personal care products, and delicate items such as glassware and computer parts. With the ongoing digitalization trend, the e-commerce market is expected to witness further growth, thereby bolstering the demand for packaging foam.

Service Type Insights

The protective packaging segment is projected to experience rapid growth during the forecast period. Packaging foams, known for their exceptional protective properties, are extensively utilized across various logistical environments to safeguard goods from mechanical damage. These foams play a crucial role in ensuring the stability and integrity of industrial products during storage and transportation. As the e-commerce sector continues to witness a surge in the adoption of industrial electronics products, the demand for reliable packaging foam for secure delivery protection is poised to experience substantial growth. This trend not only underscores the importance of effective packaging solutions but also presents new opportunities for the packaging foam market to expand and thrive.


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Regional Insights

Asia Pacific emerged as the dominant player in the Global Packaging Foams Market in 2022, holding the largest market share in terms of value. The rapid growth in population, coupled with the expanding packaging industry, has emerged as one of the major driving factors for the regional market. In addition to this, the availability of abundant raw material sources and the increasing investments in infrastructure in countries like China, India, and Brazil have further propelled the growth of the market. According to Invest India, the Construction Industry in India is projected to reach a staggering USD 1.4 trillion by 2025, while the Real Estate Industry is expected to reach USD 1 trillion by 2030, making a significant contribution of 13% to the country's GDP. These promising figures highlight the immense potential and opportunities that these sectors hold for both domestic and international investors.

Recent Developments

  • In March 2021, Recticel, a leading manufacturer of polyurethane solutions, announced its successful acquisition of FoamPartner, a renowned Swiss-based global provider of high-added-value technical foams. This strategic move has resulted in the merger of Recticel Flexible Foams and FoamPartner, forming the all-new Recticel Engineered Foams business line. By combining their expertise, resources, and talents, the newly formed organization is poised to achieve excellence, expand its global presence, and expedite the commercialization of sustainable innovations and cutting-edge solutions across worldwide markets.
  • In February 2021, Zoatfoams, a pioneering foam manufacturer, made a significant milestone with the virtual opening of its state-of-the-art plant located in Brzeg, Poland. Designed with a remarkable capacity of 13,000 square meters, this new facility has added an impressive 50,000 cubic meters of annual foam production to the company's capabilities, further enhancing its global capacity. With this expansion, Zoatfoams is not only increasing its production capacity but also optimizing its service level to better cater to its customers in Europe, ensuring efficient and timely delivery of foam solutions.

Key Market Players

  • ACH Foam Technologies, Inc.
  • Arkema SA
  • Recticel SA
  • Rogers Corporation
  • Sealed Air Corp.
  • Armacell LLC
  • BASF SE
  • Borealis AG
  • Benien Produktionstechnik GmbH
  • Kaneka Corporation

 By Type

By Service Type

By Region
  • Flexible Foam
  • Rigid Foam
  • Flexible Foam
  • Rigid Foam
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Packaging Foams Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Packaging Foams Market, By Type:

o   Flexible Foam

o   Rigid Foam

  • Packaging Foams Market, By Service Type:

o   Flexible Foam

o   Rigid Foam

  • Packaging Foams Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Packaging Foams Market.

Available Customizations:

Global Packaging Foams Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Packaging Foams Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]                

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Global Packaging Foams Market Outlook

4.1.  Market Size & Forecast

4.1.1.    By Value

4.2.  Market Share & Forecast

4.2.1.    By Type (Flexible Foam & Rigid Foam)

4.2.2.    By Service Type (Food Service and Protective Packaging)

4.2.3.    By Region

4.2.4.    By Company (2022)

4.3.  Market Map

4.3.1.    By Type

4.3.2.    By Service Type

4.3.3.    By Region

5.    Asia Pacific Packaging Foams Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type

5.2.2.    By Service Type

5.2.3.    By Country

5.3.  Asia Pacific: Country Analysis

5.3.1.    China Packaging Foams Market Outlook

5.3.1.1.        Market Size & Forecast

5.3.1.1.1.           By Value

5.3.1.2.        Market Share & Forecast

5.3.1.2.1.           By Type

5.3.1.2.2.           By Service Type

5.3.2.    India Packaging Foams Market Outlook

5.3.2.1.        Market Size & Forecast

5.3.2.1.1.           By Value

5.3.2.2.        Market Share & Forecast

5.3.2.2.1.           By Type

5.3.2.2.2.           By Service Type

5.3.3.    Australia Packaging Foams Market Outlook

5.3.3.1.        Market Size & Forecast

5.3.3.1.1.           By Value

5.3.3.2.        Market Share & Forecast

5.3.3.2.1.           By Type

5.3.3.2.2.           By Service Type

5.3.4.    Japan Packaging Foams Market Outlook

5.3.4.1.        Market Size & Forecast

5.3.4.1.1.           By Value

5.3.4.2.        Market Share & Forecast

5.3.4.2.1.           By Type

5.3.4.2.2.           By Service Type

5.3.5.    South Korea Packaging Foams Market Outlook

5.3.5.1.        Market Size & Forecast

5.3.5.1.1.           By Value

5.3.5.2.        Market Share & Forecast

5.3.5.2.1.           By Type

5.3.5.2.2.           By Service Type

6.    Europe Packaging Foams Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Service Type

6.2.3.    By Country

6.3.  Europe: Country Analysis

6.3.1.    France Packaging Foams Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type

6.3.1.2.2.           By Service Type

6.3.2.    Germany Packaging Foams Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type

6.3.2.2.2.           By Service Type

6.3.3.    Spain Packaging Foams Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type

6.3.3.2.2.           By Service Type

6.3.4.    Italy Packaging Foams Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Type

6.3.4.2.2.           By Service Type

6.3.5.    United Kingdom Packaging Foams Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Type

6.3.5.2.2.           By Service Type

7.    North America Packaging Foams Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Service Type

7.2.3.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Packaging Foams Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Service Type

7.3.2.    Mexico Packaging Foams Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Service Type

7.3.3.    Canada Packaging Foams Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type

7.3.3.2.2.           By Service Type

8.    South America Packaging Foams Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Service Type

8.2.3.    By Country

8.3.  South America: Country Analysis

8.3.1.    Brazil Packaging Foams Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Service Type

8.3.2.    Argentina Packaging Foams Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Service Type

8.3.3.    Colombia Packaging Foams Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Service Type

9.    Middle East and Africa Packaging Foams Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Service Type

9.2.3.    By Country

9.3.  MEA: Country Analysis

9.3.1.    South Africa Packaging Foams Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Service Type

9.3.2.    Saudi Arabia Packaging Foams Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Service Type

9.3.3.    UAE Packaging Foams Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type

9.3.3.2.2.           By Service Type

9.3.4.    Egypt Packaging Foams Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Type

9.3.4.2.2.           By Service Type

10. Market Dynamics

10.1.             Drivers

10.2.             Challenges

11. Market Trends & Developments

11.1.             Recent Developments

11.2.             Product Launches

11.3.             Mergers & Acquisitions

12. Global Packaging Foams Market: SWOT Analysis

13. Porter’s Five Forces Analysis

13.1.             Competition in the Industry

13.2.             Potential of New Entrants

13.3.             Power of Suppliers

13.4.             Power of Customers

13.5.             Threat of Substitute Product

14. Competitive Landscape

14.1.         ACH Foam Technologies, Inc.

14.1.1.         Business Overview

14.1.2.          Company Snapshot

14.1.3.          Products & Services

14.1.4.          Current Capacity Analysis

14.1.5.          Financials (In case of listed)

14.1.6.          Recent Developments

14.1.7.          SWOT Analysis

14.2.       Arkema SA

14.2.1.         Business Overview

14.2.2.          Company Snapshot

14.2.3.          Products & Services

14.2.4.          Current Capacity Analysis

14.2.5.          Financials (In case of listed)

14.2.6.          Recent Developments

14.2.7.          SWOT Analysis

14.3.       Recticel SA

14.3.1.         Business Overview

14.3.2.          Company Snapshot

14.3.3.          Products & Services

14.3.4.          Current Capacity Analysis

14.3.5.          Financials (In case of listed)

14.3.6.          Recent Developments

14.3.7.          SWOT Analysis

14.4.       Rogers Corporation

14.4.1.         Business Overview

14.4.2.          Company Snapshot

14.4.3.          Products & Services

14.4.4.          Current Capacity Analysis

14.4.5.          Financials (In case of listed)

14.4.6.          Recent Developments

14.4.7.          SWOT Analysis

14.5.       Sealed Air Corp.

14.5.1.         Business Overview

14.5.2.          Company Snapshot

14.5.3.          Products & Services

14.5.4.          Current Capacity Analysis

14.5.5.          Financials (In case of listed)

14.5.6.          Recent Developments

14.5.7.          SWOT Analysis

14.6.       Armacell LLC

14.6.1.         Business Overview

14.6.2.          Company Snapshot

14.6.3.          Products & Services

14.6.4.          Current Capacity Analysis

14.6.5.          Financials (In case of listed)

14.6.6.          Recent Developments

14.6.7.          SWOT Analysis

14.7.       BASF SE

14.7.1.         Business Overview

14.7.2.          Company Snapshot

14.7.3.          Products & Services

14.7.4.          Current Capacity Analysis

14.7.5.          Financials (In case of listed)

14.7.6.          Recent Developments

14.7.7.          SWOT Analysis

14.8.       Borealis AG

14.8.1.         Business Overview

14.8.2.          Company Snapshot

14.8.3.          Products & Services

14.8.4.          Current Capacity Analysis

14.8.5.          Financials (In case of listed)

14.8.6.          Recent Developments

14.8.7.          SWOT Analysis

14.9.       Benien Produktionstechnik GmbH

14.9.1.         Business Overview

14.9.2.          Company Snapshot

14.9.3.          Products & Services

14.9.4.          Current Capacity Analysis

14.9.5.          Financials (In case of listed)

14.9.6.          Recent Developments

14.9.7.          SWOT Analysis

14.10.     Kaneka Corporation

14.10.1.      Business Overview

14.10.2.       Company Snapshot

14.10.3.       Products & Services

14.10.4.       Current Capacity Analysis

14.10.5.       Financials (In case of listed)

14.10.6.       Recent Developments

14.10.7.       SWOT Analysis

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Packaging Foams Market was estimated to be USD 16.89 billion in 2022.

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The Flexible foams segment demonstrated significant dominance in 2022. Polyurethane foam, a flexible and versatile material, is popular for its affordability and excellent physical properties. It has played a key role in increasing the market share of flexible foam.

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Asia Pacific dominated the market with a revenue share in 2022. China is a key player in the Asia Pacific packaging foams market, thanks to its significant manufacturing sector that demands extensive packaging solutions. It will continue to dominate the market.

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Growing demand of packaging foams in healthcare and food and beverage industries are the major drivers for the Global Packaging Foams Market.

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Sakshi Bajaal

Business Consultant
Press Release

Packaging Foams Market to Grow with a CAGR of 6.03% through 2028

Oct, 2023

Surge in technological advancements is expected to drive the Global Packaging Foams Market growth in the forecast period, 2024-2028.

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