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The global foam packaging market size is calculated at USD 19.29 billion in and is predicted to be worth around USD 29.28 billion by , growing at a CAGR of 5.35% from to .
Ottawa, May 03, (GLOBE NEWSWIRE) -- The global foam packaging market size was valued at USD 18.32 billion in and is anticipated to reach around USD 27.79 billion by , a study published by Towards Packaging a sister firm of Precedence Research.
Report Highlights: Important Revelations
Emergence of the foam packaging market in the Asia Pacific region.
Importance of North America in the foam packaging sector.
Exploring the diverse applications of eps foam beyond packaging.
Versatility of flexible polyurethane foam across industries.
Foamed polystyrene's dominance in food packaging applications.
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The foam packaging is the process of encasing things in foam, such as expanded polystyrene (EPS) or polyethylene (PE), to keep them safe during handling and transportation. These materials were selected because they are very effective at absorbing shocks and are lightweight. 98% of foam packing is air. The development of foam packing has been characterised by an ongoing search for innovation to satisfy changing industry demands. The market has seen a radical shift from conventional Styrofoam blocks to custom-molded foam inserts, propelled by developments in material science and production technology. Foam packing was first only used for simple protective purposes. Customisation and sustainability, however, have been the industry's main growth pillars over time.
The importance of foam packing cannot be emphasised. It is a strong solution that guarantees the protection and safety of fragile items while they are in transit. Foam packing is essential for minimising damage and lowering returns for businesses because of its capacity to cushion delicate objects and absorb shocks. The adaptability of foam packing is one of its main benefits. Foam materials have several uses in a variety of sectors, from securing electronics to preserving perishable items. Foam packing has become an essential part of contemporary supply chains, whether it is used to protect food items or secure medical equipment during transit.
Enhancing the recyclability and biodegradability of foam packaging goods is another priority for producers in order to comply with environmental standards and meet consumer expectations. Manufacturers are investing resources on R&D to provide cutting-edge foam solutions that balance sustainability and performance. Foam packaging continues to be a vital component of effective and dependable product protection since it conforms to industry requirements and changes to accommodate new trends. It is crucial for businesses to select the appropriate packaging solutions as they handle the intricacies of the supply chain. The foam packaging market is characterised by a dynamic landscape where success is contingent upon achieving excellence in quality, sustainability, and innovation.
For Instance,
In February , Cruz Foam, located in Santa Cruz, California, has announced the introduction of a new line of protective packing solutions that it claims will satisfy particular client requirements for consumers and businesses transporting delicate and temperature-sensitive items.
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Foam Packaging Market Trends
The utilisation of cutting-edge materials that provide better performance and sustainability is changing in the foam packaging business.
Technology integration in foam packing is growing in popularity because it makes it possible to track, monitor, and secure goods better while they're in transit.
Brands are choosing tailored choices that meet particular product needs over universal packaging solutions.
Designs for interactive packaging are becoming more popular in the market, enabling customers to interact with the product via digital tools like QR codes or augmented reality.
Rise of the Foam Packaging Market in Asia Pacific
Asia Pacific region has emerged as a market leader in foam packaging, accounting for the majority of global revenue. Asia-Pacific is the most important foam packaging sales market, processing almost one tonne of polystyrene per second. The demand for polystyrene and expandable polystyrene (EPS) is rising significantly in countries like Saudi Arabia, China, India, and Iran.
The emergence of e-commerce and the growing emphasis on efficient packaging solutions has spurred demand for foam packaging in the logistics industry. Foam packing is essential for the expanding e-commerce sector as it protects and insulates delicate goods during transit. Foam packing is becoming more and more necessary to safeguard fragile parts and equipment as a result of the aerospace industry growth that is occurring in Asia-Pacific.
Foam packing contributes to the region's dominance in this industry by ensuring that aeronautical items reach their destinations safely and undamaged. The industrial sector in the area is expanding quickly, particularly in nations like China where business is booming in the manufacturing sector. The need for packaging foams is increased by manufacturers that depend on foam packaging solutions to protect their goods during handling, storage, and transportation.
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The industrial sector in the region is expanding quickly, particularly in nations like China where business is growing rapidly in the manufacturing sector. The need for packaging foams is increased by manufacturers that depend on foam packaging solutions to protect their goods during handling, storage, and transportation. China developing as a major participant and Asia Pacific leading the foam packaging market, the region's sector appears to have a bright future. The foam packaging market is expected to have continuous expansion and innovation because to the increasing demand in emerging nations and various industries such as logistics, aerospace production, and manufacturing operations.
For Instance,
The polyethylene foam producer and fabricator Fagerdala Singapore Pte Ltd. was acquired by Sealed Air Corporation.
North America is the second-largest regional stakeholder in the foam packaging industry, following the Asia Pacific. This is mainly due to the region's vast customer base and high levels of disposable income, which fuel demand for a variety of foam packaging goods. Numerous well-known foam packaging firms with a reputation for using cutting-edge technology and creative solutions are based in North America.
The food packaging sector benefits greatly from the foam polystyrene industry, which also makes a large economic contribution to the US. The production, marketing, and export of foam packaging materials stimulate innovation, create jobs, and promote economic progress. Almost all manufacturing waste is gathered and recycled in the United States. As to the Carpet Cushion Council's estimation, the manufacturing of carpet cushions saves over 1.2 billion pounds of post-industrial and post-consumer foam scrap per year from ending up in landfills. The US foam packaging market is constantly evolving and adapting to new customer demands and environmental laws, with a focus on sustainability and recyclability.
The foam packaging business confronts new possibilities and challenges as consumer tastes change towards eco-friendly and sustainable packaging alternatives. The advancement of foam packaging for products is being propelled by developments in biodegradable materials, recycling technology, and circular economy activities. The foam packaging industry in North America is expected to have sustained growth and development in the upcoming years, with particular emphasis on product diversification, market expansion, and resource efficiency.
For Instance,
In November , A portfolio business of the Spell Family Office, Complete Packaging is situated in Monroe, Michigan, and was acquired by Specialised Packaging Group (SPG), a prominent vertically integrated supplier of protective packaging goods.
Foam Packaging Market, DRO
Demand:
The demand for safe packing options has increased as online shopping grows in popularity. Foam packaging minimises damage and returns by ensuring that items get to customers undamaged.
Restraint:
Governments everywhere are enforcing strict laws against using specific types of foam packing, claiming risks to the environment and public health.
Opportunity:
Enhancing the industry's environmental image may be achieved by collaborating with recycling firms to guarantee the appropriate disposal and recycling of foam packaging materials.
Beyond Packaging Multifaceted Uses of EPS Foam
Expanded polystyrene (EPS) foam is a flexible material with a wide range of uses in the foam packaging sector. EPS foam, which is recognised for its flexibility and low weight, is used in many different industries, including building, cushioning, thermal insulation, flotation, transportation, and packaging. Its composition, which consists of only 2% plastic and 98% trapped air, is one of the characteristics that set EPS foam apart. It's highly efficient as an insulating and packing material because of its special makeup. It&#;s entirely recyclable quality and minimal raw material utilisation make it an affordable option.
EPS foam has several appealing qualities that increase its popularity across a wide range of sectors. Its resilience assures endurance and dependability in a variety of applications, while its lightweight design makes handling and shipping easier. EPS foam is resistant to moisture, which means that it may be used in places where there is a lot of humidity or exposure to moisture. Another characteristic of EPS foam that makes it a great option for insulation is its thermal efficiency. Its efficient temperature regulation improves energy economy and lowers heating and cooling expenses. EPS foam also performs exceptionally well in absorbing shocks, protecting fragile goods from harm during handling or transportation.
Products made of EPS foam are in high demand, especially in the food and beverage, building, infrastructure, and industrial sectors. Due to its structural stability and capacity to withstand loads and backfill stresses, it is an essential tool in construction contexts where dependability and longevity are important.
For Instance,
In December , A pioneer in the development and production of personalised protective packaging and cold chain solutions, Engineered Foam Packaging (EFP) has announced the purchase of NatureKool, Incorporated, a North Carolina-based business that created the first natural fibre insulated shipper in history.
Versatile World of Flexible Polyurethane Foam
The flexible foaming category is the leading force in the globally market for foam packaging. Flexible polyurethane foam is used in this market sector to provide cushioning for a wide range of consumer and commercial items. According to its adaptability, flexible foam finds significant use in a variety of applications, including furniture and bedding, automobile interiors, carpet underlay, and packaging.
The most important factors are flexible foam's capacity to be shaped into a variety of forms and stiffness levels, offering customised protection for breakable objects including instruments, medical equipment, and electronics. Its supportive, long-lasting, and lightweight qualities provide ideal cushioning without adding undue weight. This aspect leads to substantial cost savings during shipping in place of improving product safety.
Flexible foam can be easily modified, making it possible for it to adapt smoothly to a variety of product forms and sizes, unlike its rivals made of stiff foam. This flexibility guarantees the best defence against shocks and vibrations, protecting products all while going through the supply chain. Using flexible polyurethane foam supports initiatives aimed at preserving the environment. The total environmental impact of packing materials is decreased by the recyclable nature of some flexible foam varieties. Furthermore, flexible foam's lightweight characteristics support environmentally friendly transportation methods by reducing carbon emissions.
Flexible polyurethane foam accounts for around 30% of the polyurethane market in North America, where it commands a sizable market share. The fact that it is widely used in industries like automobile, furniture, and bedding highlights how essential it is to many others. A flexible and lightweight packaging solution is essential in today's industry, as demonstrated by the growth of the flexible foaming category. Flexible polyurethane foam remains the material of choice for protective packaging applications because to its many advantages, including environmental sustainability, customisation, and durability.
For Instance,
In November , Carpenter has agreed to purchase NCFI's consumer goods division's flexible foam business. The company, which is headquartered in Mount Airy, North Carolina, produces tailored foams for a variety of industries, including the medical, furniture, mattress, aviation, and aerospace sectors.
Dominance of Foamed Polystyrene in Food Packaging
The food companies overflowing with foamed polystyrene, frequently referred to as Styrofoam. It has been praised for its lightweight and insulating characteristics, which keep food warm or cold during travel and storage, prolonging shelf life and decreasing spoiling. Polystyrene has evolved into an indispensable tool for food service operators, ranging from steaming coffee cups to takeout containers.
There is a substantial environmental cost associated with this convenience. Oil and natural gas are two non-renewable resources that are used to make almost all Styrofoam packaging. The plastics sector, which depends largely on these resources, may use up to 20% of the world's oil supply by . Polystyrene is disposed of in landfills after usage, where it takes generations for it to break down, releasing toxic compounds into the atmosphere and threatening animals.
The food industry is confronted with a decision. Even while polystyrene has many advantages, its effects on the environment cannot be overlooked. Going forward, there is an urgent need for sustainable options that preserve food quality without endangering the environment.
For Instance,
If you are looking for more details, kindly visit EPS foam molding business.
In February , A collaboration between AmSty, a prominent producer of polystyrene and a pioneer in the circular recycling of polystyrene, and Pactiv Evergreen, a leading producer of fresh food and beverage packaging, aims to support large food companies in meeting significant sustainability targets.
Styrene-based goods are produced by BASF's Styrenics subsidiary for the packaging and construction sectors. One of the biggest providers of styrene-based goods in Europe, BASF sets itself apart among other things by consistently expanding its product line. Styrenic foams such as polystyrene and styrene, extruded polystyrene (XPS) Styrodur®, and expanded polystyrene (EPS) Styropor® and Neopor®, BASF now provides product variations based on resource-saving production procedures, the mass balancing approach.
For Instance,
In March , Expandable polystyrene (EPS) granulates made of graphitic material is now part of BASF's product line. Ten percent of Neopor® F 5 McycledTM's material is recycled, making it ideal for a variety of architectural applications&#;especially façade insulation.
Key Players and Competitive Dynamics in the Foam Packaging Market
The competitive landscape of the foam packaging market is dominated by established industry giants such as Sealed Air Corporation, Sonoco Products Company, BASF SE (Germany), Dart Container Corporation, Pactiv LLC, WinCup, Genpak, Zotefoams Plc (U.K.), Arkema (France), Kaneka Corporation (Japan), Rogers Corporation (U.S.), Synthos SA (Poland), Armacell (Germany), JSP (Japan), and Foampartner Group (Switzerland) and Pregis LLC. These giants compete with upstart direct-to-consumer firms that use digital platforms to gain market share. Key competitive characteristics include product innovation, sustainable practices, and the ability to respond to changing consumer tastes.
Sealed air company Businesses are able to protect their items during shipment with a customisable solution when they use foam for packaging. Superior cushioning offered by foam packing materials protects goods from compromise while reducing the total transportation footprint. Foam packing offers customisable options for density, size, and form, making it ideal for protecting a wide range of products, including fragile goods and electronics.
For Instant,
In February , Foxpak Flexibles Ltd. (Foxpak) has been acquired by SEE as part of its SEE Ventures strategy, which aims to accelerate growth by investing in revolutionary technology and business models.
Products based on styrene are produced by BASF's Styrenics business for the packaging and construction sectors. One of the biggest providers of styrene-based goods in Europe, BASF sets itself apart among other things by consistently expanding its product line. Together with styrenic foams like polystyrene and styrene, extruded polystyrene (XPS) Styrodur®, and expandable polystyrenes (EPS) Styropor® and Neopor®, BASF now provides product variations based on resource-saving production techniques called the mass balance method.
Expandable polystyrene (EPS) granulates made of graphitic material is now part of BASF's product line. Ten percent of Neopor® F 5 McycledTM's material is recycled, making it ideal for a variety of architectural applications&#;especially façade insulation.
Browse More Insights of Towards Packaging:
The global footwear packaging market size expected to increase from USD 5.45 billion in to achieve an approximation USD 8.26 billion by , growing at a 4.3% CAGR between and .
The global flexible plastic packaging market size to expand from USD 178.60 billion in to secure USD 289.52 billion by , growing at a 5.0% CAGR between and .
The packaging 5.0 recognizes of the increasing consumer demand for personalized products. To meet this demand, packaging technologies that combine big data and artificial intelligence are being implemented.
The global secondary packaging market size presumed to grow from USD 232.85 billion in to reach a conjectured USD 366.81 billion by , growing at a 4.7% CAGR between and .
The global packaging market size is speculated to escalate from USD 1.20 trillion in to acquire a anticipated USD 1.58 trillion by , growing at a 3.16% CAGR between and .
The global bakery packaging market size envisaged to surge from USD 3.40 billion in to secure a forecasted USD 5.40 billion by , growing at a 4.8% CAGR between and .
The global lip powder packaging market size prognosticated to elevate from USD 1,798.20 million in to hit a presumed USD 3,328.10 million by , expanding at a 6.4% CAGR between and .
The global packaging automation market size predicted to climb from USD 64.70 billion in to obtain a projected USD 136.47 billion by , growing at a 7.8% CAGR between and .
The global returnable transport packaging market size expected to increase from USD 8,786.68 million in to attain a calculated USD 16,570.80 million by , increasing at 6.6% CAGR between and .
The global aerosol packaging market size anticipated to rise from USD 6.74 billion in to achieve an approximation USD 10.58 billion by , growing at a 4.62% CAGR between and .
Foam Packaging Market Player
Foam packaging leading market players are Sealed Air Corporation, Sonoco Products Company, BASF SE (Germany), Dart Container Corporation, Pactiv LLC, WinCup, Genpak, Zotefoams Plc (U.K.), Arkema (France), Kaneka Corporation (Japan), Rogers Corporation (U.S.), Synthos SA (Poland), Armacell (Germany), JSP (Japan), and Foampartner Group (Switzerland) and Pregis LLC.
Market Segmentation
By Material
Expanded Polystyrene (EPS)
Polyurethane (PU)
Polyethylene (PO)
Polyvinyl chloride (PVC)
Polyvinylidene fluoride (PVDF)
Others
By Structure
Flexible
Rigid
By End Use
Food and Beverage
Pharmaceutical
Personal Care
Automotive
Industrial
Others
By Region
Asia Pacific
North America
Europe
LAMEA
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The global Expanded Polystyrene (EPS) Foam market size was valued at USD .05 Million in and will reach USD .83 Million in , with a CAGR of -0.15% during -.Expanded polystyrene (EPS) is a rigid and tough, closed-cell foam with a normal density range of 11 to 32 kg/m3, it is usually white and made of pre-expanded polystyrene beads.The COVID-19 hinders the demand for EPS in the Building & construction industryThe global pandemic has severely impacted the growth of the construction industry. Stoppages or slowdowns in construction projects, movement restrictions, production shutdowns and labour shortages to curb the spread of the virus have led to slower growth in the construction industry, which in turn is expected to hamper demand for EPS in construction applications.Development of the Building & construction industry in developing countriesBuilding and construction in developing countries Thanks to its low thermal conductivity of enclosed air, light weight (easy handling), mechanical resistance (wall construction and insulation of roofs and floors), low water absorption (moisture resistance), low water absorption and sound insulation (offices and rooms), EPS has become a powerful design element and an ideal choice for green buildings. EPS offers tangible environmental benefits, maximising energy efficiency, improving indoor environmental quality and enhancing the durability of buildings.Strict regulationIn some major economies, such as the USA (New York), EPS projects have been banned. Polystyrene foam (EPS) cups have expanded and therefore cannot be recycled, and in order to produce these cups they require pure polystyrene beads. As EPS material is not biodegradable, some consumers do not like disposable (use and throw away) EPS coffee cups. Regulators are imposing penalties on manufacturers of expanded polystyrene foam in the global foam protection packaging market to restrict the production of expanded polystyrene-based foam.Region Overview:In , the share of the Expanded Polystyrene (EPS) Foam market in Asia Pacific stood at 55.91%.Company Overview:Loyal Group is one of the major players operating in the Expanded Polystyrene (EPS) Foam market, holding a share of 18.75% in .LOYAL GROUPLoyal Group main business is the production of plasticized raw materials such as EPS, general purpose grade polystyrene and impact resistant polystyrene.XINDA FOAMThe company is a production company providing customers with a range of EPS resin products, integrating research and development, production and sales. The main products include common material, fuel barrier, food grade, graphite material and graphene EPS particles.Segmentation Overview:Among different product types, Conventional Type segment is anticipated to contribute the largest market share in .Application Overview:The market's largest segment by application is the segment Building & Construction, with a market share of 48.71% in .The Expanded Polystyrene (EPS) Foam market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients. In this report, the historical period starts from to , and the forecast period ranges from to . The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.Key Companies in the global Expanded Polystyrene (EPS) Foam market covered in Chapter 4:Ravago SAKaneka CorporationKnaufSynthosSIBURSunchemTotalACH Foam TechnologiesLoyal GroupXinda FoamBASF SEAlpekIn Chapter 12 and Chapter 14.1, on the basis of types, the Expanded Polystyrene (EPS) Foam market from to is primarily split into:Conventional TypeHigh Insulation Type In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Expanded Polystyrene (EPS) Foam market from to covers:Building & ConstructionPackagingOthersGeographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (-) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:North America (United States, Canada, Mexico)Europe (Germany, United Kingdom, France, Italy, Spain)Asia Pacific (China, Japan, South Korea, India, Southeast Asia)South America (Brazil, Argentina)Middle East & Africa (Saudi Arabia, UAE, South Africa)Outline:Chapter 1 begins with the Expanded Polystyrene (EPS) Foam market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Expanded Polystyrene (EPS) Foam market and its likely evolution in the short to mid-term and long term.Chapter 2 provides Expanded Polystyrene (EPS) Foam industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.Chapter 3 depicts Expanded Polystyrene (EPS) Foam industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin -. It incorporates the Expanded Polystyrene (EPS) Foam market ranking, benchmarks, and company business portfolio.Chapter 5 presents trade statistics of import and export volume from -, demonstrating domestic and international market comparisons in specific countries.Chapters 6-10 highlight Expanded Polystyrene (EPS) Foam market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.Chapters 12-13 evaluate the Expanded Polystyrene (EPS) Foam market based on different types and applications. It focuses on sales and value of - from both vertical and horizontal perspectives.Chapters 14-15 elaborate on the Expanded Polystyrene (EPS) Foam market forecast data from -, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.Years considered for this report:Historical Years: -Base Year: Estimated Year: Forecast Period: -. Ask For Sample Report"
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