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Foam Packaging Market Size By Product (Rigid, Flexible), By Material (Polystyrene, Polyurethane, Polyvinyl Chloride), By Industry (Food & Beverages, Medical & Pharmaceutical, Aerospace & Defense, Electrical & Electronics, Automotive, Consumer Packaging, Personal Care), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

  • Report ID: GMI4471
  • Published Date: Dec 2019
  • Report Format: PDF

Industry Trends

Foam Packaging Market size in 2018 stood at USD 11.6 billion and will grow with a CAGR 4.2% during the forecast period

Foam Packaging Market

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Foams are excellent sound and thermal insulators due to their properties such as low density and thermal conductivity. Foam is mostly produced for the petroleum derivatives. It can rigid or flexible and produced form the various materials such as polyurethane, polystyrene, polyvinyl chloride, polyisocyanurate, polyethylene, polypropylene, polyethylene-vinyl acetate, nitrile rubber, or other polyolefins. Around 70 to 80% commercial foams are made from the polystyrene, polyurethane and polyvinyl chloride. Solid and gas for are mixed to form foam. The gas that used for in the foam is termed as blowing agent. Foam produced through different ways such as slab-stock by pouring, extrusion and different forms of molding. Foam used for the various purposes including cushioning, insulation, packaging, mattress and many other applications.

Automotive was the one of the major industries in foam packaging market share in 2018 and product demand for automotive is expected to grow with a CAGR of 4.5% over the forecast period. This can be attributed to the increasing disposable income and rising living standards in the emerging economies such as China, India, Indonesia, Malaysia, etc. Foam packaging is used for the safe transportation of vehicle parts and other equipment in the automotive industry. Growth in automotive production is expected to fuel the demand for foam packaging over the forecast period. Foam packaging demand for food & beverages accounted for close to 10% in 2018 and projected to grow with a healthy CAGR in near future. Growing population coupled with fast moving lifestyle anticipated to drive the foam packaging demand for food & beverages over the forecast period. Due to evolving fast lifestyle urban preference towards ready to eat and fast food is increasing, which is ultimately fueling the foam packaging demand as it used for food packaging and transportation.

Increasing environment concerns regarding foam dispose expected to market growth over the forecast period

Polystyrene foam packaging is responsible for a lot of waste generation as it is extensively used in the food & beverages industry to manufacture cups, trays, etc. due to its light weight. Moreover, it is not degradable and may break into small pieces, which is very difficult to clean up. Aquatic as well as terrestrial animals mistakenly consume polystyrene foams, which is potentially fatal for a number of species. As a result, several governing bodies have imposed partial or total ban on foam packaging materials. For instance, New York city has imposed ban on single use foam products due to the environmental waste created by it. These increasing regulations are likely to hamper the foam packaging industry size over the stipulated time period.

Rapidly growing e-commerce industry across the globe will propel flexible foam packaging market demand

Flexible foam packaging was largest product segment and accounted for close to 60% market share in 2018. Rapidly growing e-commerce industry is fueling foam packaging demand from past several years as it used for packaging of electronics and other consumer durables. For instance, worldwide consumers have spent over USD 2.9 trillion on online sales and this spending is likely to grow with a CAGR over 17% in coming years. This high growth in the e-commerce market is likely to boost the foam packaging demand over the forecast period.

Polyurethane will remain the largest product segment in the market over the forecast period

Europe Foam Packaging Market By Material

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Polyurethane foam packaging usage for electronics and automotive packaging is likely experience healthy growth owing to its properties such as high strength, flame retardancy and high temperature resistance. Rapidly growing automotive industry in Asia Pacific due to increasing disposable income and low-cost production in the region expected to accelerate foam packaging demand over the forecast period. Automotive production in countries such as China has seen over tenfold growth in last two decades. This exponential growth in the automotive production is expected to drive the market demand over the forecast time period as it is used for the OEM and other automotive parts packaging in the industry. Steadily growing food & beverages industry across the globe on account of increasing populating and changing lifestyle is expected to drive the flexible foam packaging market growth during the forecast timespan.

Introduction of new technologies will fuel the electrical & electronics market growth

U.S. Foam Packaging Market By Industry

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Electrical & electronics industry has been experiencing consistent growth from past several years. This can be attributed to the introduction of new technologies in the industry such as face recognition, fingerprint sensors, 4G, etc. Furthermore, increasing automation in the industry has resulted into the reduced product prices due to which electronics gadgets has seen exponential demand growth from emerging economies such as India, South Africa, Indonesia and Brazil, which are middle income, cost-sensitive markets. Growing demand for electronics shall have positive impact on the foam packaging demand during the projected time period. Personal care was the one of the major industries in the market and expected to exhibit healthy growth in coming years. Increased focus on aesthetics and appearance will augment the foam packaging industry size.

Asia Pacific will be the largest and fastest growing region in the market over the forecast period

Asia Pacific was the largest region in foam packaging market demand in 2018 and accounted for more than 40% share in the same year. This can be attributed to the high automotive and electrical & electronics production in the region due to the cost competitive labor and abundant availability of raw materials along with favorable government policies. According to the OICA, Asia Pacific accounted for over 60% automotive production in the world. China was the largest automotive producer in the world, with whopping global market share of over 30%. China is also the global manufacturing hub of the electrical and electronics products and largest exporter of the same. This high production of automotive and electrical & electronics in the region shall have positive impact on the foam packaging demand over the forecast period. North America was another major region in the market and expected to grow with CAGR over 3.6% in next few years.

Major players in the market are focusing on new product development to gain edge over the rivals

Major multinational companies operating in the foam packaging market share are focusing on innovation and new product development to gain more customers or to retain existing ones. For instance, in June 2016, BASF extended its product portfolio with introduction of ecovio EA. It is biobased and more suitable for transport packaging. Introduction of ecovio EA will help BASF to increase its product portfolio and customer base. Apart from BASF other major companies operating in the market includes SABIC, Armacell, UFP Technologies, Greiner, Foam Partner and Smurfit Kappa.

Foam packaging industry research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons revenue in USD billion from 2015 to 2026, for the following segments:

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  • Market Analysis By Product
    • Rigid
    • Flexible
  • Market Analysis By Material
    • Polystyrene
    • Polyurethane
    • Polyvinyl Chloride
    • Other
  • By Industry
    • Food & Beverages
    • Medical & Pharmaceutical
    • Aerospace & Defense
    • Electrical & Electronics
    • Automotive
    • Consumer Packaging
    • Personal Care
    • Others
  • Regional Insights
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Indonesia
  • Latin America (LATAM)
    • Brazil
    • Mexico
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait


Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The valuation of foam packaging market in the year 2018 was USD 11.6 billion.

The overall foam packaging market is anticipated to record a crcr of 4.2% through 2026

Asia Pacific will be the largest and fastest growing region for foam packaging, which is expected to account for more than 40% share in near future owing to the high automotive, electrical & electronics production in the region.

Polyurethane foam packaging usage is likely to experience healthy growth as it provides high strength, flame retardancy and high temperature resistance required for electronics and automotive packaging.

Flexible foam packaging market was largest product segment and accounted for close to 60% market share in 2018, says a GMI Report.

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Premium Report Details

  • Base Year: 2018
  • Companies covered: 14
  • Tables & Figures: 270
  • Countries covered: 20
  • Pages: 220
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