Global Foam Bottle Technology Market: Introduction
The global foam bottle technology market is projected to have a moderate-paced CAGR of 5.3% during the forecast period. The current valuation of the market is US$ 1.42 billion in 2022.
The market value of the global foam bottle technology market is anticipated to reach a high of US$ 2.78 billion by the year 2032. The Asia Pacific region is anticipated to advance at a CAGR of 6.2%, as has been recorded by the experts of Future Market Insights for the concerned market.
The foam bottle technology market is anticipated to witness an unprecedented surge in the forthcoming years owing to the improving lifestyle and rising disposable income. People are willing to invest in products that upgrade their hygiene levels. The rising focus on cleanliness is expected to boost the market growth for foam dispensers, simultaneously raising the market share of foam bottle technology.
In addition, there is a rising need for convenient packaging for different beverages, and foam bottles are the most suited. Therefore, the manufacturers prevailing in the market have many opportunities for strengthening their foothold in the global foam bottle technology market.
The market is characterized by various well-established players and several small and medium players. These market players face stiff competition from each other as some are among the leading manufacturers of soap dispensers and have a large customer base.
These players have strong and vast distribution networks to reach out to a wide target audience. The impact of leading companies on the market is quite high, as most of them have a global presence. Many market players are adopting strategies, such as product launches and acquisitions, to strengthen their position and boost revenue growth.
The manufacturers in the foam bottle technology market are using advanced technology to reduce the need for chemical resins, owing to the international regulatory norms and cleaner packaging standards that do not harm the environment.
Therefore, it is anticipated that the market players are likely to engage in organic growth strategies like intense promotional campaigns across several online and offline platforms, which will gradually lead to significant growth of the foam bottle technology market in the coming years.
Foam Bottle Technology Market Value (2022)
US$ 1.42 Billion
Foam Bottle Technology Market Anticipated Value (2032)
US$ 2.78 Billion
Foam Bottle Technology Projected Growth Rate (2022-2032)
Beverage and Cosmetic Industries to Drive the Market
Packaging manufacturers across the global face issues from international regulatory authorities with regards to use of plastic resin. To tackle it, packaging manufacturers with the assistance of advanced technology has reduced the need for chemical resins. One such form of packaging, which is predominantly used in the packaging industry is the use of foam bottle technology product.
Foam bottle technology reduces the need for resin used for production by 15% creating a bubbles structure of honeycomb which is lighter in weight but rigid. Foam bottle technology is an innovative form of packaging which is suitable for liquid aseptic packaging products. Foam bottle technology market is greatly driven by packaging cosmetic and beverage market.
Foam bottle technology is made from either of the one form of material which are biodegradable foam, starch foam and synthetic foam. Global foam bottle technology market is dominated by synthetic foam as it offers cost advantage and flexibility in structure as compared to other forms of foam bottle technology packaging.
But recently an observing trend of the growth for foam bottle market is being seen from biodegradable and starch foam with regards to increase in awareness of sustainable packaging.
The end use industry sector such as beverage and the cosmetic market is estimated to witness a double-digit growth rate in the next five years and it is expected to accelerate the demand for foam bottle technology product. ASEAN is among the leading representative countries which are hastening the demand for foam bottle technology market which is expected to witness a sustainable growth during the projected period.
Global Foam Bottle Technology Market - Market Dynamics
One of the driving trends for foam bottle technology is the use of CFC free foam and monolayer resin material which is convenient to use due to its smoother inner and outer wall surface.
Also, multinational cosmetic distributors and manufacturers such as the Procter & Gamble Company, Unilever prefer foam bottle technology packaging products which reduce the logistical cost due to its lightweight feature. Moreover, foam bottle technology uses recyclable material which is increasingly favoured by packaging manufacturers across the globe.
On the flip side, packaging manufacturer’s based in countries of U.K., U.S., Rwanda, and Germany are facing issues with regards to the use of polymer material and the post-manufacturing process of plastic packaging products.
Global Foam Bottle Technology Market - Market Segmentation
By end use industry, global foam bottle technology market is segmented into food & beverage, personal & cosmetic, pharmaceutical and healthcare and others. By technology type, global foam bottle technology market is segmented into extrusion moulding technology, blow moulding technology and others.
Global Foam Bottle Technology Market - Regional Outlook
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
The global foam bottle technology market is largely expected to witness a growth in the region of APEJ, Europe and North America. Germany and Italy are among the major countries which are preferring foam bottle technology.
Rising demand in cosmetic products across ASEAN market is fuelling the demand for foam bottle technology market. Various neighbouring packaging countries such as India, China, Australia and New Zealand are executing the ASEAN countries cosmetic packaging demand.
Foam Bottle Technology Market
Some of the key players operating in the global Foam Bottle Technology market include Jebsen & Jessen Packaging, INOAC USA, Inc., Alpla, Plastic Technologies, Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Frequently Asked Questions
The market is likely to register a CAGR of 5.3% through 2032.
The market is currently valued at US$ 1.42 Bn in 2022.
The market is likely to grow to a valuation of US$ 2.78 Bn by 2032.
North America is likely to be a leading market during the forecast period.