
Packaging Foam Market
Description
Packaging Foam Market
Growth Factors of Packaging Foam Market
The packaging foam market size was valued at USD 14.24 billion in 2023, and the market is now projected to grow from USD 15.12 billion in 2024 to USD 25.01 billion by 2032, exhibiting a CAGR of 6.50% during the forecast period of 2024-2032.
During the pandemic, the packaging foam market growth deteriorated negatively because trading activities were banned temporarily. Major pertinent application areas for packing foams are building and construction and automotive. The consumption of foods, beverages, and electronic and electrical goods was declining.
Many items and technologies are being launched in the consumer electronics product category therefore, this sector is evolving rapidly. This has led to a rise in the need for Expanded Polystyrene (EPS) material that is used in packaging of the small electronic devices. The reason that EPS is most appropriate to do that is that it helps to protect the frail and delicate electronic parts which are transported by acting as a shock-absorbing material. There is a high demand for such products as laptops, cellphones, and assorted accessories; thus a high demand equally exists for the EPS packaging material due to its ability to protect the things that are being transported. Overall, all these factors influenced the packaging foam market share globally.
The primary advantage of this packaging is that along with the outside corrugated cardboard box it is used in, it can itself be recycled in curbside bins. The consumer is most favorably affected by the returnability of wood foam, which frees up the utilization of other difficult recyclable materials.
Comprehensive Analysis of Packaging Foam Market
The market for packaging foam is distinguished by the variety of materials it uses, such as polystyrene, polyurethane, polyolefin, and other specialty compounds. To meet different needs for protection and cushioning, it offers foam types that are both hard and flexible. The market provides products to a wide number of end-use industries, including food and beverage, building & construction, automotive, electrical & electronics, and military & defense. These businesses all have different needs when it comes to foam qualities. The packaging foam business can meet a broad range of applications thanks to this segmentation, guaranteeing efficient protection and insulation catered to the particular needs of various sectors.
Driven by the growing call for for consumer electronics, Asia Pacific is the dominant and fastest-growing area in this industry with a value of USD 5.87 billion in 2023. Throughout the projected length, the location's growth is expected to be supported by the increasing call for digital products in the region and the existence of the most important producer and exporter of digital products.
The top players in the market play a crucial role in the packaging sector assuring industrial prospectus growth and setting market standards.Those groups enlist Sealed Air (U.S.),Smurfit Kappa (Ireland), UFP Technologies, Inc. (U.S.), Sonoco Products Company (U.S.),BASF SE (Germany),JSP (Japan),Zotefoams plc (U.K.), Rogers Foam Corporation (U.S.), The, Supreme Industries Ltd (India), Atlas Molded Products (U.S.),NEFAB GROUP (Sweden),American Foam Corporation (U.S.),CARPENTER (Germany), Synthos (Poland), and KANEKA CORPORATION (Japan).
Seawise Innovative Packaging delivered Styrofoam in March 2024 as an alternative to the extensively used EPS foam in packaging. The new packaging is meant to provide agencies aiming to scale back on plastic usage in their supply chain with a less costly option.
Segmentation Table
Global Packaging Foam Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.50% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Material , Type, End-Use Industry and Region
By Material - Polystyrene
- Polyurethane
- Polyolefin
- Others
By Type - Flexible
- Rigid
By End-Use Industry
- Automotive
- Electrical & Electronics
- Building & Construction
- Medical
- Food & Beverage
- Military & Defense
- Others
By Region - North America (By Material, Type, End-use Industry, and Country)
- U.S. (By Material)
- Canada (By Material)
- Germany (By Material)
- UK (By Material)
- France (By Material)
- Italy (By Material)
- Spain (By Material)
- Russia (By Material)
- Poland (By Material)
- Romania (By Material)
- Rest of Europe (By Material)
- China (By Material)
- India (By Material)
- Japan (By Material)
- Australia (By Material)
- Southeast Asia (By Material)
- Rest of Asia Pacific (By Material)
- Brazil (By Material)
- Mexico (By Material)
- Argentina (By Material)
- Rest of Latin America (By Material)
- Saudi Arabia (By Material)
- UAE (By Material)
- Oman (By Material)
- South Africa (By Material)
- Rest of the Middle East & Africa (By Material)o
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
Table of Contents
210 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Porter’s Five Forces Analysis
- 4.5. Value Chain Analysis
- 4.6. Global Packaging Industry Outlook
- 4.7. Impact of COVID-19 on the Packaging Foams Market
- 5. Global Packaging Foams Market Analysis (USD Billion), Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Material
- 5.2.1. Polystyrene
- 5.2.2. Polyurethane
- 5.2.3. Polyolefin
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast – By Type
- 5.3.1. Flexible
- 5.3.2. Rigid
- 5.4. Market Analysis, Insights and Forecast – By End-use Industry
- 5.4.1. Automotive
- 5.4.2. Electrical & Electronics
- 5.4.3. Building & Construction
- 5.4.4. Medical
- 5.4.5. Food & Beverage
- 5.4.6. Military & Defense
- 5.4.7. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Packaging Foams Market Analysis (USD Billion), Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Material
- 6.2.1. Polystyrene
- 6.2.2. Polyurethane
- 6.2.3. Polyolefin
- 6.2.4. Others
- 6.3. Market Analysis, Insights and Forecast – By Type
- 6.3.1. Flexible
- 6.3.2. Rigid
- 6.4. Market Analysis, Insights and Forecast – By End-use Industry
- 6.4.1. Automotive
- 6.4.2. Electrical & Electronics
- 6.4.3. Building & Construction
- 6.4.4. Medical
- 6.4.5. Food & Beverage
- 6.4.6. Military & Defense
- 6.4.7. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S. Market Analysis, Insights and Forecast – By Material
- 6.5.1.1. Polystyrene
- 6.5.1.2. Polyurethane
- 6.5.1.3. Polyolefin
- 6.5.1.4. Others
- 6.5.2. Canada Market Analysis, Insights and Forecast – By Material
- 6.5.2.1. Polystyrene
- 6.5.2.2. Polyurethane
- 6.5.2.3. Polyolefin
- 6.5.2.4. Others
- 7. Europe Packaging Foams Market Analysis (USD Billion), Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Material
- 7.2.1. Polystyrene
- 7.2.2. Polyurethane
- 7.2.3. Polyolefin
- 7.2.4. Others
- 7.3. Market Analysis, Insights and Forecast – By Type
- 7.3.1. Flexible
- 7.3.2. Rigid
- 7.4. Market Analysis, Insights and Forecast – By End-use Industry
- 7.4.1. Automotive
- 7.4.2. Electrical & Electronics
- 7.4.3. Building & Construction
- 7.4.4. Medical
- 7.4.5. Food & Beverage
- 7.4.6. Military & Defense
- 7.4.7. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. Germany Market Analysis, Insights and Forecast – By Material
- 7.5.1.1. Polystyrene
- 7.5.1.2. Polyurethane
- 7.5.1.3. Polyolefin
- 7.5.1.4. Others
- 7.5.2. UK Market Analysis, Insights and Forecast – By Material
- 7.5.2.1. Polystyrene
- 7.5.2.2. Polyurethane
- 7.5.2.3. Polyolefin
- 7.5.2.4. Others
- 7.5.3. France Market Analysis, Insights and Forecast – By Material
- 7.5.3.1. Polystyrene
- 7.5.3.2. Polyurethane
- 7.5.3.3. Polyolefin
- 7.5.3.4. Others
- 7.5.4. Italy Market Analysis, Insights and Forecast – By Material
- 7.5.4.1. Polystyrene
- 7.5.4.2. Polyurethane
- 7.5.4.3. Polyolefin
- 7.5.4.4. Others
- 7.5.5. Spain Market Analysis, Insights and Forecast – By Material
- 7.5.5.1. Polystyrene
- 7.5.5.2. Polyurethane
- 7.5.5.3. Polyolefin
- 7.5.5.4. Others
- 7.5.6. Russia Market Analysis, Insights and Forecast – By Material
- 7.5.6.1. Polystyrene
- 7.5.6.2. Polyurethane
- 7.5.6.3. Polyolefin
- 7.5.6.4. Others
- 7.5.7. Poland Market Analysis, Insights and Forecast – By Material
- 7.5.7.1. Polystyrene
- 7.5.7.2. Polyurethane
- 7.5.7.3. Polyolefin
- 7.5.7.4. Others
- 7.5.8. Romania Market Analysis, Insights and Forecast – By Material
- 7.5.8.1. Polystyrene
- 7.5.8.2. Polyurethane
- 7.5.8.3. Polyolefin
- 7.5.8.4. Others
- 7.5.9. Rest of Europe Market Analysis, Insights and Forecast – By Material
- 7.5.9.1. Polystyrene
- 7.5.9.2. Polyurethane
- 7.5.9.3. Polyolefin
- 7.5.9.4. Others
- 8. Asia Pacific Packaging Foams Market Analysis (USD Billion), Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Material
- 8.2.1. Polystyrene
- 8.2.2. Polyurethane
- 8.2.3. Polyolefin
- 8.2.4. Others
- 8.3. Market Analysis, Insights and Forecast – By Type
- 8.3.1. Flexible
- 8.3.2. Rigid
- 8.4. Market Analysis, Insights and Forecast – By End-use Industry
- 8.4.1. Automotive
- 8.4.2. Electrical & Electronics
- 8.4.3. Building & Construction
- 8.4.4. Medical
- 8.4.5. Food & Beverage
- 8.4.6. Military & Defense
- 8.4.7. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China Market Analysis, Insights and Forecast – By Material
- 8.5.1.1. Polystyrene
- 8.5.1.2. Polyurethane
- 8.5.1.3. Polyolefin
- 8.5.1.4. Others
- 8.5.2. India Market Analysis, Insights and Forecast – By Material
- 8.5.2.1. Polystyrene
- 8.5.2.2. Polyurethane
- 8.5.2.3. Polyolefin
- 8.5.2.4. Others
- 8.5.3. Japan Market Analysis, Insights and Forecast – By Material
- 8.5.3.1. Polystyrene
- 8.5.3.2. Polyurethane
- 8.5.3.3. Polyolefin
- 8.5.3.4. Others
- 8.5.4. Australia Market Analysis, Insights and Forecast – By Material
- 8.5.4.1. Polystyrene
- 8.5.4.2. Polyurethane
- 8.5.4.3. Polyolefin
- 8.5.4.4. Others
- 8.5.5. Southeast Asia Market Analysis, Insights and Forecast – By Material
- 8.5.5.1. Polystyrene
- 8.5.5.2. Polyurethane
- 8.5.5.3. Polyolefin
- 8.5.5.4. Others
- 8.5.6. Rest of Asia Pacific Market Analysis, Insights and Forecast – By Material
- 8.5.6.1. Polystyrene
- 8.5.6.2. Polyurethane
- 8.5.6.3. Polyolefin
- 8.5.6.4. Others
- 9. Latin America Packaging Foams Market Analysis (USD Billion), Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Material
- 9.2.1. Polystyrene
- 9.2.2. Polyurethane
- 9.2.3. Polyolefin
- 9.2.4. Others
- 9.3. Market Analysis, Insights and Forecast – By Type
- 9.3.1. Flexible
- 9.3.2. Rigid
- 9.4. Market Analysis, Insights and Forecast – By End-use Industry
- 9.4.1. Automotive
- 9.4.2. Electrical & Electronics
- 9.4.3. Building & Construction
- 9.4.4. Medical
- 9.4.5. Food & Beverage
- 9.4.6. Military & Defense
- 9.4.7. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil Market Analysis, Insights and Forecast – By Material
- 9.5.1.1. Polystyrene
- 9.5.1.2. Polyurethane
- 9.5.1.3. Polyolefin
- 9.5.1.4. Others
- 9.5.2. Mexico Market Analysis, Insights and Forecast – By Material
- 9.5.2.1. Polystyrene
- 9.5.2.2. Polyurethane
- 9.5.2.3. Polyolefin
- 9.5.2.4. Others
- 9.5.3. Argentina Market Analysis, Insights and Forecast – By Material
- 9.5.3.1. Polystyrene
- 9.5.3.2. Polyurethane
- 9.5.3.3. Polyolefin
- 9.5.3.4. Others
- 9.5.4. Rest of Latin America Market Analysis, Insights and Forecast – By Material
- 9.5.4.1. Polystyrene
- 9.5.4.2. Polyurethane
- 9.5.4.3. Polyolefin
- 9.5.4.4. Others
- 10. Middle East & Africa Packaging Foams Market Analysis (USD Billion), Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Material
- 10.2.1. Polystyrene
- 10.2.2. Polyurethane
- 10.2.3. Polyolefin
- 10.2.4. Others
- 10.3. Market Analysis, Insights and Forecast – By Type
- 10.3.1. Flexible
- 10.3.2. Rigid
- 10.4. Market Analysis, Insights and Forecast – By End-use Industry
- 10.4.1. Automotive
- 10.4.2. Electrical & Electronics
- 10.4.3. Building & Construction
- 10.4.4. Medical
- 10.4.5. Food & Beverage
- 10.4.6. Military & Defense
- 10.4.7. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. Saudi Arabia Market Analysis, Insights and Forecast – By Material
- 10.5.1.1. Polystyrene
- 10.5.1.2. Polyurethane
- 10.5.1.3. Polyolefin
- 10.5.1.4. Others
- 10.5.2. UAE Market Analysis, Insights and Forecast – By Material
- 10.5.2.1. Polystyrene
- 10.5.2.2. Polyurethane
- 10.5.2.3. Polyolefin
- 10.5.2.4. Others
- 10.5.3. Oman Market Analysis, Insights and Forecast – By Material
- 10.5.3.1. Polystyrene
- 10.5.3.2. Polyurethane
- 10.5.3.3. Polyolefin
- 10.5.3.4. Others
- 10.5.4. South Africa Market Analysis, Insights and Forecast – By Material
- 10.5.4.1. Polystyrene
- 10.5.4.2. Polyurethane
- 10.5.4.3. Polyolefin
- 10.5.4.4. Others
- 10.5.5. Rest of Middle East & Africa Market Analysis, Insights and Forecast – By Material
- 10.5.5.1. Polystyrene
- 10.5.5.2. Polyurethane
- 10.5.5.3. Polyolefin
- 10.5.5.4. Others
- 11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2023
- 11.2. Company Profile
- 11.2.1. Sealed Air
- 11.2.1.1. Business Overview
- 11.2.1.2. Product & Service Offering
- 11.2.1.3. Financials
- 11.2.1.4. Recent Development
- 11.2.2. Smurfit Kappa
- 11.2.2.1. Business Overview
- 11.2.2.2. Product & Service Offering
- 11.2.2.3. Financials
- 11.2.2.4. Recent Development
- 11.2.3. UFP Technologies, Inc.
- 11.2.3.1. Business Overview
- 11.2.3.2. Product & Service Offering
- 11.2.3.3. Financials
- 11.2.3.4. Recent Development
- 11.2.4. Sonoco Products Company
- 11.2.4.1. Business Overview
- 11.2.4.2. Product & Service Offering
- 11.2.4.3. Financials
- 11.2.4.4. Recent Development
- 11.2.5. BASF SE
- 11.2.5.1. Business Overview
- 11.2.5.2. Product & Service Offering
- 11.2.5.3. Financials
- 11.2.5.4. Recent Development
- 11.2.6. JSP
- 11.2.6.1. Business Overview
- 11.2.6.2. Product & Service Offering
- 11.2.6.3. Financials
- 11.2.6.4. Recent Development
- 11.2.7. Zotefoams plc
- 11.2.7.1. Business Overview
- 11.2.7.2. Product & Service Offering
- 11.2.7.3. Financials
- 11.2.7.4. Recent Development
- 11.2.8. Rogers Foam Corporation
- 11.2.8.1. Business Overview
- 11.2.8.2. Product & Service Offering
- 11.2.8.3. Financials
- 11.2.8.4. Recent Development
- 11.2.9. The Supreme Industries Ltd
- 11.2.9.1. Business Overview
- 11.2.9.2. Product & Service Offering
- 11.2.9.3. Financials
- 11.2.9.4. Recent Development
- 11.2.10. Atlas Molded Products
- 11.2.10.1. Business Overview
- 11.2.10.2. Product & Service Offering
- 11.2.10.3. Financials
- 11.2.10.4. Recent Development
- 11.2.11. NEFAB GROUP
- 11.2.11.1. Business Overview
- 11.2.11.2. Product & Service Offering
- 11.2.11.3. Financials
- 11.2.11.4. Recent Development
- 11.2.12. American Foam Corporation
- 11.2.12.1. Business Overview
- 11.2.12.2. Product & Service Offering
- 11.2.12.3. Financials
- 11.2.12.4. Recent Development
- 11.2.13. CARPENTER
- 11.2.13.1. Business Overview
- 11.2.13.2. Product & Service Offering
- 11.2.13.3. Financials
- 11.2.13.4. Recent Development
- 11.2.14. Synthos
- 11.2.14.1. Business Overview
- 11.2.14.2. Product & Service Offering
- 11.2.14.3. Financials
- 11.2.14.4. Recent Development
- 11.2.15. KANEKA CORPORATION
- 11.2.15.1. Business Overview
- 11.2.15.2. Product & Service Offering
- 11.2.15.3. Financials
- 11.2.15.4. Recent Development
- 11.2.16. Stora Enso
- 11.2.16.1. Business Overview
- 11.2.16.2. Product & Service Offering
- 11.2.16.3. Financials
- 11.2.16.4. Recent Development
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.