Packaging Foams Market Research Report - Global Forecast to 2027

Packaging Foams Market Information Report by Structure (Flexible Foam and Rigid Foam), by Material (Polystyrene, Polyurethane, and Others), by Service (Food Service, Protective Packaging, and Others) and by Region - Global Forecast to 2027

ID: MRFR/PNT/2032-HCR | February, 2021 | Region : Global

Packaging Foams Market Overview


The Packaging Foams Market is projected to reach USD 17.3 billion by the year 2023. Further, the packaging foams market has been estimated to meet the market growth at 6% CAGR for the forecast period. Foam packaging is the combining gas process in solid and liquid form. This foam packaging product is highly used in toys, electronics, and others. Moreover, this product can be widely used for various purposes of packaging. This foam packaging product is having more demand among various industries because it is helpful to protect the products and it is not more expensive.


Nowadays, the packaging foam is offering an advanced cushioning effect for the protection of fragile items at the time of shipment. The increasing digitalization has involved online shopping, which has increased the demand of the packaging foams market. Moreover, the transportations usually get damaged because of the kicked, dropped, etc., where the packaging foam plays an important role in reducing these incidences. Generally, industrial businesses require packaging to protect their products in the process of distribution, which is enhancing the demands of the flexible Foam.


According to the packaging foams market trends report, the market growth is significant due to the continuous efforts of the key players. Moreover, the increasing demands of the packaging foams among the intended audiences like distributor and supplier companies, packaging foams manufacturers, consultants and investment bankers, government, various end-users, and independent regulatory authorities are increasing the growth of the packaging foams market in the research period.


COVID-19 Impact Analysis


During the COVID-19 period, the global packaging foams market has shown slow growth in their sales due to the closure of factories and production. In the COVID-19 crisis, only essential goods were permitted, which has affected the growth of the global market. At this time, the global market has lost its investors due to the disruption in the sales of the product.


However, the global key players have developed innovative launches, technological upliftment, and online selling in the later period, which has enhanced the growth of the global packaging foams market.  In the present scenario, the global market is expecting to register the higher packaging foams market size during the forecast period.


Market Overview



  • Major Drivers of the Market


The growing technological advancement in packaging is one of the major factors for the global packaging foams market growth. Hence, this advanced technology has led to an increase in the use of packaging foam. Moreover, the global market is growing due to the advancement in techniques in transportation, which is helpful in reducing transportation costs. Along with that, the easy availability of the raw material is


In 2013, the FDA collected the updated styrene migration data from the Plastics Foodservice Packaging Group, which shows the styrene reduces the intake by 6.6 micrograms per person per day compared to the Polyurethane Foam packaging. Hence, the packaging foams industry is growing on a larger scale.



  • Opportunity for the Global Market


The global packaging foams market has brought more opportunities for the key players and manufacturers due to the increasing digitalization of the product or the increasing online purchases among the consumers. Moreover, the reduction in the cost of transportation has the growth opportunities for the global packaging foams market.


The global packaging foams market is growing opportunities with the continuous efforts of the key players.



  • Market Restraints


The instability in raw material cost might affect the products’ cost structure, which can be the major market restraint for the global packaging foams market.


The global key player has adopted growth strategies to propel the global packaging foams market share. Along with that, the packaging foams industry is growing in various regions of the globe.



  • Market Growth Challenges


The global packaging foams market might face challenges in case the price of the raw material increases. Another major challenge for the global


The global packaging foams market might experience challenges due to the unprecedented COVID-19 challenges. During the COVID crisis, the global market had faced a huge loss. Here, the global market has employed various key players to combat these emerging challenges.



  • Cumulative Growth Analysis


According to the global market report, the global market is expecting the higher packaging foams market value in the upcoming years. Along with that, the regional players are giving their all efforts and strength to enhance the market growth.


Therefore, the global key players have adopted various strategies like mergers & acquisitions, contracts & joint ventures, partnerships, investments & expansions, new product launches, and various agreements to boost up the packaging foams market share in various regions.


Market Segment Overview



  • By Material Type:


The global packaging foams market has been segmented into Polyolefin Foam, Polyurethane Foam, and others based on the material type segment.


Out of all, the polyurethane foam segment is projected to generate the global packaging foams market size along with the highest CAGR for the forecast period.



  • By Structure:


The global packaging foams market has been classified into Rigid Foam and Flexible Foam based on the structure segment.


Among these, the flexible foam segment is expected to increase the packaging foams market growth at a higher CAGR for the forecast period. The flexible Foam is extensively used for sensitive products like electronic parts, computer parts, jewelry, and fruits.



  • By Service Type:


On the basis of service type segment, the global packaging foams market has been segregated into protective packaging, food service, and others.


These service types are propelling the global packaging foams market's growth as many audiences prefer different services types.  



  • By End-user:


On the basis of end-user segment, the global packaging foams market has been classified into Food and Beverages, Medical and Pharmaceutical, Automotive, Aerospace and Defense, Personal Care, Electrical and Electronics, Consumer Packaging, and others.


These end-users are playing an important role in the growth of the packaging foams market.


Regional Analysis


The global packaging foams market has been classified into North America, Europe, Asia Pacific, and the rest of the world on the basis of regional segmentation.


Among all, the Asia Pacific market is projected to register the higher packaging foams market value for the forecast period due to the easy availability of the raw material in the region. Moreover, this region is growing due to the increasing foreign investment in the Asia Pacific region. Along with that, the other reason for the growth of the global packaging foams market is the increasing online shopping in the countries like Indonesia, China, India, and Thailand. Even this region has the ability to cater to the lower market, and it has a lower cost of production, which is propelling the global market growth.


Competitive Landscape Analysis


According to the packaging foams market outlook report, the global market is growing its strength with the effort of various key players. These key players are:



  • JSP (Japan),

  • Zotefoams Plc. (U.K.),

  • Armacell (Germany),

  • Synthos SA (Poland),

  • BASF SE (Germany),

  • Sealed Air Corporation (U.S.),

  • Rogers Corporation (U.S.),

  • Foampartner Group (Switzerland),

  • Kaneka Corporation (Japan),

  • Arkema (France),

  •  


These players are adopting advanced methods and advanced technology to upgrade their marketing strategies. Therefore, the key player’s focus on the packaging foams market growth is clearly shown in the present report.


Recent Developments



  • In June 2016, BASF S.E. (Germany) and the Ecovio EA had a partnership to extend its innovative foam solutions portfolio in the global market.

  • In March 2016, Kolon Plastics and BASF SE had an agreement to establish a JV in Korea for the polyoxymethylene (POM) manufacturing product.


Report Overview


The packaging foams market outlook report has highlighted the market performance by giving a deeper insight into the global packaging foams market. This report includes a primary research method to understand the viewpoints of the big key players, opinions of the leaders, and opinions of various industry experts. Along with that, qualitative and quantitative analysis has been involved in getting the performance quality of the global market.


The packaging foams market has explained the recent developments in the global market with the technological advancements, governing factors, and macroeconomic factors in the global market. Moreover, the report has focused on the recent challenges and growth factors of the global market as well as the regional growth of the global market. Further, the report has highlighted the effective strategies of the key players to enhance the packaging foams market growth.


Segmental Table:


By Material Types:



  • Polyolefin Foam,

  • Polyurethane Foam,

  • Others


By Structure:



  • Rigid Foam,

  • Flexible Foam


By Service Type:



  • Protective packaging,

  • Food service,

  • Others


By End-user:



  • Food and Beverages,

  • Medical and Pharmaceutical,

  • Automotive,

  • Aerospace and Defense,

  • Personal Care,

  • Electrical and Electronics,

  • Consumer Packaging,

  • Others

Table of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market size Estimation

2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis
4 Global Packaging Foams Market, By Structure
4.1 Flexible Foam

4.2 Rigid Foam
5 Global Packaging Foams Market, By Material
5.1 Introduction

5.2 Polystyrene

5.3 Polyurethane

5.4 Others
6 Global Packaging Foams Market, By Service
6.1 Food Service

6.2 Protective Packaging

6.3 Others
7 Regional Market Analysis
7.1 Introduction

7.2 North America

7.2.1 U.S.

7.2.2 Canada

7.3 Europe

7.3.1 U.K

7.3.2 France

7.3.3 Germany

7.3.4 Spain

7.3.5 Rest of Europe

7.4 Asia-Pacific

7.4.1 China

7.4.2 Japan

7.4.3 India

7.4.4 Rest of Asia-Pacific

7.5 Rest of the World
8 Competitive Analysis
8.1 Introduction

8.2 Competitive Scenario

8.2.1 Market Share Analysis

8.2.2 Market Development Analysis

8.2.3 Structure/Service Benchmarking

8.3 Armacell (Germany)

8.3.1 Overview

8.3.2 Structure/Service Offering

8.3.3 Strategy

8.4 JSP (Japan)

8.4.1 Overview

8.4.2 Structure/Service Offering

8.4.3 Strategy

8.5 Zotefoams Plc. (U.K.)

8.5.1 Overview

8.5.2 Structure/Service Offering

8.5.3 Strategy

8.6 BASF SE (Germany)

8.6.1 Overview

8.6.2 Structure/Service Offering

8.6.3 Strategy

8.7 Sealed Air Corporation (U.S.)

8.7.1 Overview

8.7.2 Structure/Service Offering

8.7.3 Strategy

8.8 Synthos SA (Poland)

8.8.1 Overview

8.8.2 Structure/Service Offering

8.8.3 Strategy

8.9 Rogers Corporation (U.S.)

8.9.1 Overview

8.9.2 Structure/Service Offering

8.9.3 Strategy

8.10 Kaneka Corporation (Japan)

8.10.1 Overview

8.10.2 Structure/Service Offering

8.10.3 Strategy

8.11 Arkema (France)

8.11.1 Overview

8.11.2 Structure/Service Offering

8.11.3 Strategy

8.12 Foampartner Group (Switzerland)

8.12.1 Overview

8.12.2 Structure/Service Offering

8.12.3 Strategy
LIST OF TABLES
TABLE 1 GLOBAL PACKAGING FOAMS MARKET, BY STRUCTURE

TABLE 2 GLOBAL PACKAGING FOAMS MARKET, BY MATERIAL

TABLE 3 GLOBAL PACKAGING FOAMS MARKET, BY SERVICE

TABLE 4 GLOBAL PACKAGING FOAMS MARKET, BY REGIONS

TABLE 5 NORTH AMERICA PACKAGING FOAMS MARKET, BY STRUCTURE

TABLE 6 NORTH AMERICA PACKAGING FOAMS MARKET, BY MATERIAL

TABLE 7 NORTH AMERICA PACKAGING FOAMS MARKET, BY SERVICE

TABLE 8 U.S. PACKAGING FOAMS MARKET, BY STRUCTURE

TABLE 9 U.S. PACKAGING FOAMS MARKET, BY MATERIAL

TABLE 10 U.S. PACKAGING FOAMS MARKET, BY SERVICE

TABLE 11 CANADA PACKAGING FOAMS MARKET, BY STRUCTURE

TABLE 12 CANADA PACKAGING FOAMS MARKET, BY MATERIAL

TABLE 13 CANADA PACKAGING FOAMS MARKET, BY SERVICE

TABLE 14 EUROPE ENGINEERING PLASTICMARKET, BY COUNTRY

TABLE 15 EUROPE PACKAGING FOAMS MARKET, BY STRUCTURE

TABLE 16 EUROPE PACKAGING FOAMS MARKET, BY MATERIAL

TABLE 17 EUROPE PACKAGING FOAMS MARKET, BY SERVICE

TABLE 18 GERMANY PACKAGING FOAMS MARKET, BY STRUCTURE

TABLE 19 GERMANY PACKAGING FOAMS MARKET, BY MATERIAL

TABLE 20 GERMANY PACKAGING FOAMS MARKET, BY SERVICE

TABLE 21 FRANCE PACKAGING FOAMS MARKET, BY STRUCTURE

TABLE 22 FRANCE PACKAGING FOAMS MARKET, BY MATERIAL

TABLE 23 FRANCE PACKAGING FOAMS MARKET, BY SERVICE

TABLE 24 U.K. PACKAGING FOAMS MARKET, BY STRUCTURE

TABLE 25 U.K. PACKAGING FOAMS MARKET, BY MATERIAL

TABLE 26 U.K. PACKAGING FOAMS MARKET, BY SERVICE

TABLE 27 REST OF EUROPE PACKAGING FOAMS MARKET, BY STRUCTURE

TABLE 28 REST OF EUROPE PACKAGING FOAMS MARKET, BY MATERIAL

TABLE 29 REST OF EUROPE PACKAGING FOAMS MARKET, BY SERVICE

TABLE 30 ASIA-PACIFIC PACKAGING FOAMS MARKET, BY STRUCTURE

TABLE 31 ASIA-PACIFIC PACKAGING FOAMS MARKET, BY MATERIAL

TABLE 32 ASIA-PACIFIC PACKAGING FOAMS MARKET, BY SERVICE

TABLE 33 MIDDLE EAST & AFRICA PACKAGING FOAMS MARKET, BY STRUCTURE

TABLE 34 MIDDLE EAST & AFRICA PACKAGING FOAMS MARKET, BY MATERIAL

TABLE 35 MIDDLE EAST & AFRICA PACKAGING FOAMS MARKET, BY SERVICE


LIST OF FIGURES
FIGURE 1 RESEARCH STRUCTURE

FIGURE 2 GLOBAL PACKAGING FOAMS MARKET: BY STRUCTURE (%)

FIGURE 3 GLOBAL PACKAGING FOAMS MARKET: BY MATERIAL (%)

FIGURE 4 GLOBAL PACKAGING FOAMS MARKET: BY SERVICE (%)

FIGURE 5 GLOBAL PACKAGING FOAMS MARKET: BY REGION

FIGURE 6 NORTH AMERICA PACKAGING FOAMS MARKET, BY STRUCTURE (%)

FIGURE 7 NORTH AMERICA PACKAGING FOAMS MARKET, BY MATERIAL (%)

FIGURE 8 NORTH AMERICA PACKAGING FOAMS MARKET, BY SERVICE (%)

FIGURE 9 NORTH AMERICA PACKAGING FOAMS MARKET, BY COUNTRIES (%)

FIGURE 10 EUROPE PACKAGING FOAMS MARKET, BY STRUCTURE (%)

FIGURE 11 EUROPE PACKAGING FOAMS MARKET, BY MATERIAL (%)

FIGURE 12 EUROPE PACKAGING FOAMS MARKET, BY SERVICE (%)

FIGURE 13 ASIA-PACIFIC PACKAGING FOAMS MARKET, BY STRUCTURE (%)

FIGURE 14 ASIA-PACIFIC PACKAGING FOAMS MARKET, BY MATERIAL (%)

FIGURE 15 ASIA-PACIFIC PACKAGING FOAMS MARKET, BY SERVICE (%)

FIGURE 16 ROW PACKAGING FOAMS MARKET, BY STRUCTURE (%)

FIGURE 17 ROW PACKAGING FOAMS MARKET, BY MATERIAL (%)

FIGURE 18 ROW PACKAGING FOAMS MARKET, BY SERVICE (%)