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.
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.
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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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