Global Packaging Foam market 2024-2030

Packaging foam is a protective covering provided inside the cardboard box of a new appliance. Protective foam is majorly used when a manufacturing is sending goods to its consumers and there is a chance that the product might get damaged while transit, also, when an individual is shifting his beloved belonging from one place to another mostly while switching houses there is a major usage of this packaging foam. The raw material used in production of foam is corn starch.

Packaging foam is used as a cushion for boxes. Packaging foam is widely used in the E-commerce market. Apart from clothing, major products are either electronic products or they are fragile items which might break while getting to your doorsteps. Apart from E-commerce it is also used in automobile industry.

The report on global packaging foam market shows insights on the current market scenario by conducting over 280 hours of primary and secondary research. As per the report, global packaging foam market is growing its area and effective sphere of influence very fast and is gaining popularity. The packaging foam market was valued at US $ xxx billion in the year 2018. It is expected to reach up to US $ xxx billion the year 2023. The CAGR for the year 2018-2023 is expected to be xx %.

Automobile and construction industry are major growth drivers for packaging foam market as there is a great demand for EPS that is expandable polystyrene as it is very good agent for mechanical shock absorption and at the same time very cost effective. Another reason for the growing demand for this product is that, packaging foam has the quality of being anti-static, not only does it provide shock resistance but also eliminates the possibility of electrostatic leakage.

Neck to neck competition from the modern packaging solutions such as mushroom packaging and fungus-based packaging can be a major factor for the downfall in growth of packaging foam market.

Global packaging market is divided into six regions namely, North America, Latin America, Europe, Middle East, Africa, Asia Pacific. North America is said to be a major market for foam packaging market because of the increasing export related activities in this region. Asia pacific is also said to be a key region for protective foam market because of the increasing E-Commerce in this region.

The key players in the market for global packaging are JSP Corporation, Armacell LLC, UFP Technologies Inc, ACH Foam Technologies, Plastifoam Company, FoamCraft Packaging Inc, Marko Foam Products, Inc., NCFI Polyurethanes, Asatch Container, Huebach Corporation, Zotefoams PLC, and Kaneka Corporations.

The research procedure starts with the bifurcation of different market segments of global packaging foam market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across global packaging foam industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (35%), Suppliers (35%), Consumers (10%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (35%), Asia (30%), Europe (35%)

By designation:

Top level (40%), Operation level (30%), Mid-level (30%)

Contents of the report:

• Insights on the global packaging foam industry dynamics
• Current estimation of the global packaging foam market size in terms of value and volume
• Global packaging foam market breakup based on product type and application.
• Authenticated global packaging foam market forecast for the next five years
• Comprehensive analysis of the key companies operating across different nodes of global packaging foam industry value chain.