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Packaging Foam Trends and Forecast
The future of the global packaging foam market looks promising with opportunities in the food packaging and industrial packaging markets. The global packaging foam market is expected to reach an estimated $24.6 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are growing demand for protective packaging in e-commerce, increasing focus on sustainable and eco-friendly materials, and rising applications of these foams in the automotive and construction industries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Packaging Foam by Segment
The study includes a forecast for the global packaging foam by material, structure, application, and region.
Packaging Foam Market by Material [Shipment Analysis by Value from 2018 to 2030]:
• Polystyrene
• Polyurethane
• Polyolefin
• Others
Packaging Foam Market by Structure [Shipment Analysis by Value from 2018 to 2030]:
• Flexible
• Rigid
Packaging Foam Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Food Packaging
• Industrial Packaging
• Others
Packaging Foam Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Packaging Foam Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies packaging foam companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the packaging foam companies profiled in this report include-
• Armacell
• Atlas Roofing
• Borealis
• Drew Foam
• Foamcraft
• TotalEnergies
• Huntington Solutions
• Recticel
• Sealed Air
• Williams Foam
Packaging Foam Market Insights
Lucintel forecasts that polyurethane will remain the largest segment over the forecast period due to its widespread use in building and construction activities.
Within this market, industrial packaging will remain the larger segment due to increasing demand for premium packaging of industrial components.
APAC will remain the largest region over the forecast period due to significant demand for packaging foam from various end use industries, such as food & beverage, automotive, electronics, personal care, and pharmaceutical in the region.
Features of the Global Packaging Foam Market
Market Size Estimates: Packaging foam market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Packaging foam market size by material, structure, application, and region in terms of value ($B).
Regional Analysis: Packaging foam market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different materials, structures, applications, and regions for the packaging foam market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the packaging foam market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the packaging foam market size?
Answer: The global packaging foam market is expected to reach an estimated $24.6 billion by 2030.
Q2. What is the growth forecast for packaging foam market?
Answer: The global packaging foam market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the packaging foam market?
Answer: The major drivers for this market are growing demand for protective packaging in e-commerce, increasing focus on sustainable and eco-friendly materials, and rising applications of these foams in the automotive and construction industries.
Q4. What are the major segments for packaging foam market?
Answer: The future of the packaging foam market looks promising with opportunities in the food packaging and industrial packaging markets.
Q5. Who are the key packaging foam market companies?
Answer: Some of the key packaging foam companies are as follows:
• Armacell
• Atlas Roofing
• Borealis
• Drew Foam
• Foamcraft
• TotalEnergies
• Huntington Solutions
• Recticel
• Sealed Air
• Williams Foam
Q6. Which packaging foam market segment will be the largest in future?
Answer: Lucintel forecasts that polyurethane will remain the largest segment over the forecast period due to its widespread use in building and construction activities.
Q7. In packaging foam market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to significant demand for packaging foam from various end use industries, such as food & beverage, automotive, electronics, personal care, and pharmaceutical in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the packaging foam market by material (polystyrene, polyurethane, polyolefin, and others), structure (flexible and rigid), application (food packaging, industrial packaging, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Packaging Foam Market, Packaging Foam Market Size, Packaging Foam Market Growth, Packaging Foam Market Analysis, Packaging Foam Market Report, Packaging Foam Market Share, Packaging Foam Market Trends, Packaging Foam Market Forecast, Packaging Foam Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Packaging Foam Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Packaging Foam Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Packaging Foam Market by Material
3.3.1: Polystyrene
3.3.2: Polyurethane
3.3.3: Polyolefin
3.3.4: Others
3.4: Global Packaging Foam Market by Structure
3.4.1: Flexible
3.4.2: Rigid
3.5: Global Packaging Foam Market by Application
3.5.1: Food Packaging
3.5.2: Industrial Packaging
3.5.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Packaging Foam Market by Region
4.2: North American Packaging Foam Market
4.2.2: North American Packaging Foam Market by Application: Food Packaging, Industrial Packaging, and Others
4.3: European Packaging Foam Market
4.3.1: European Packaging Foam Market by Material: Polystyrene, Polyurethane, Polyolefin, and Others
4.3.2: European Packaging Foam Market by Application: Food Packaging, Industrial Packaging, and Others
4.4: APAC Packaging Foam Market
4.4.1: APAC Packaging Foam Market by Material: Polystyrene, Polyurethane, Polyolefin, and Others
4.4.2: APAC Packaging Foam Market by Application: Food Packaging, Industrial Packaging, and Others
4.5: ROW Packaging Foam Market
4.5.1: ROW Packaging Foam Market by Material: Polystyrene, Polyurethane, Polyolefin, and Others
4.5.2: ROW Packaging Foam Market by Application: Food Packaging, Industrial Packaging, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Packaging Foam Market by Material
6.1.2: Growth Opportunities for the Global Packaging Foam Market by Structure
6.1.3: Growth Opportunities for the Global Packaging Foam Market by Application
6.1.4: Growth Opportunities for the Global Packaging Foam Market by Region
6.2: Emerging Trends in the Global Packaging Foam Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Packaging Foam Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Packaging Foam Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Armacell
7.2: Atlas Roofing
7.3: Borealis
7.4: Drew Foam
7.5: Foamcraft
7.6: TotalEnergies
7.7: Huntington Solutions
7.8: Recticel
7.9: Sealed Air
7.10: Williams Foam
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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