Packaging Foams Market is expected to account for USD 17.3 billion by 2023 with 6% CAGR
Market research future published a raw
research report on global packaging foams market that contains the
information from 2016 to 2023. Packaging foams market is expected to grow with the CAGR of
approximately 6% from 2016 to 2023.
Taste the market data and market
information presented through more than 85 market data tables and figures
spread in 140 numbers of pages of the project report. Avail the in-depth table
of content TOC & market synopsis on “global packaging foams Market
Information from 2016 to 2023"
The
factors driving the packaging foams market are the growing demand for online
shopping, reduced cost of transportation by using advance transportation
techniques, and growth in the packaging industry. Improvement in packaging
techniques have resulted in the growth of the packaging industry, which has
directly led to the growth of this market. The growing industrialization and
globalization have driven the growth of this market.
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The
market is expected to grow at 6% CAGR during
the forecast period.
The
market has been analysed based on structures, materials, services and regions.
On the basis structure, the market is segmented as flexible foam and rigid foam. Flexible foam is dominating the
market during the forecast period because it has anti-static feature, which
makes it preferable for the packaging of electronics parts, medical tool
packaging and sports goods packaging. In flexible packaging, the polyethylene
foams are cut depending on the shape and size of the product, due to which this
type is mostly used for packaging. The use of PE foams have also resulted in
the improvement in weight, safety, and durability of automobiles. This factor is
expected to lead to the growth of packaging foam market. On the basis of
material, polystyrene foam is expected to witness highest growth during the
forecast period because it is light weight, which makes it suitable for
packaging.
Protective
packaging accounts for the highest market share during the forecast period
The
protective packaging based on the service is expected to dominate the packaging
foam market during the forecast period due to increase in consumption of packed
foods and growth of e-retail industry. The increase in the disposable income
and change in the lifestyle of consumers have led to the increased usage of
protective packaging, which indirectly resulted in the growth of this market.
The adoption of innovative technology in packaging have resulted in the increase
in awareness about environmental safety. This has led to environment friendly
packaging that has increased the usage of protective packaging. These factors
have led to the growth of packaging foam market during the forecast period.
Key
Players
We
recognize the key players in the global packaging foams market as Armacell (Germany), JSP (Japan), Zotefoams Plc.
(U.K.), BASF SE (Germany), Sealed Air Corporation (U.S.), Synthos SA (Poland),
Rogers Corporation (U.S.), Kaneka Corporation (Japan), Arkema (France), and
Foampartner Group (Switzerland) and others.
This research report
has provides the insights, on various levels of analyses such industry
analysis, market share analysis leading market players and their profiles. This
report also helps in studying the target segments by providing views on
emerging & high-growth segments and market conclusion. Together the market
data comprise and discuss with the basic assessments on the competitive
scenarios & strategies, of the global packaging foams market, including the
high-growth regions, countries and their political, economic and technological
environments. Furthermore, the project report also provides the views over the
historical market values as well as, pricing and cost analysis of the same.
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great article about Foam Packaging
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