Packaging Foams Market

Packaging foams are crucial for many industries, from pharmaceuticals to food and beverage packaging. Polyethylene foam is commonly used packaging material. It can protect lighter and more fragile products. It is also excellent for cushioning and positioning. These foams can be found in many forms, from extruded planks to laminated sheets. One of the most popular types of packaging foam is recycled polyethylene. Cross-linked polyethylene foam is another type, characterized by a compact feel. This material is cross-linked to produce a stronger chemical bond between two molecules.

Market Dynamics:

Growing demand from packaging industry and strong growth in e-commerce industry are major factor propelling growth of the packaging foams market. According to an estimation of the Census Bureau of the Department of Commerce, the total sales of e-commerce retail in North America increased by 7.8% in the 1st quarter of 2021 as compared with the 1st quarter of 2020. During the second quarter of 2020, as COVID-19 spread across the globe, the U.S.'s quarterly e-commerce revenue reached 200 billion. Moreover, advent of Bio-based polypropylene is expected to provide significant growth opportunities over the forecast period.

On the other hand, availability of green alternative like molded pulp is expected to restrict the market growth.

Key features of the study:

• This report provides in-depth analysis of the global packaging foams market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global packaging foams market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Armacell, Atlas Roofing Corporation, Borealis AG, Drew Foam, Foamcraft Inc., TotalEnergies, Huntington Solutions, Recticel, Sealed Air, Williams Foam, and Zotefoams PLC
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global packaging foams market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global packaging foams market

Detailed Segmentation:

• Global Packaging Foams Market, By Material:
• • Polystyrene
  • Polyurethane
  • Polyolefin
  • Other Materials
• Global Packaging Foams Market, By Structure:
• • Flexible
  • Rigid
• Global Packaging Foams Market, By Application:
• • Food Packaging
  • Industrial Packaging
• Global Packaging Foams Market, By Geography:
• • Asia-Pacific
  • North America
  • Europe
  • South America
  • Middle-East and Africa