Home > Packaging > Industrial Packaging > Foam Packaging Market
Foam Packaging Market Size
- Report ID: GMI4471
- Published Date: Dec 2019
- Report Format: PDF
Foam Packaging Market Size
Foam Packaging Market size in 2018 stood at USD 11.6 billion and will grow with a CAGR 4.2% during the forecast period
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2018 |
| Foam Packaging Market Size in 2018: | 11.6 Billion (USD) |
| Forecast Period: | 2019 to 2026 |
| Forecast Period 2019 to 2026 CAGR: | 4.2% |
| 2026 Value Projection: | 15.7 Billion (USD) |
| Historical Data for: | 2015 to 2017 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 270 |
| Segments covered: | Material, Product, Industry |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
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.
Frequently Asked Questions (FAQ) :
Foam Packaging Market Scope
