The global foam bricks market size is projected to reach US$ 5.8 Billion 2032 and exhibit growth at a CAGR of 6.1% in the forecast period from 2022 to 2032. It is likely to be valued at US$ 3.4 Billion in 2022. The ongoing expansion of the e-commerce sector worldwide is anticipated to augment the sales of foam bricks in the upcoming years.
| Report Attribute | Details |
| Foam Bricks Market Estimated Base Year Value (2021) | US$ 2.6 Billion |
| Foam Bricks Market Expected Market Value (2022) | US$ 3.4 Billion |
| Foam Bricks Market Anticipated Forecast Value (2032) | US$ 5.8 Billion |
| Foam Bricks Market Projected Growth Rate (2022-2032) | 6.1% CAGR |
Foam bricks are considered to be innovative packaging solutions that are mainly made up of expanded polystyrene foam and are then cut into brick shape to suit various packaging requirements. As expanded polystyrene foam is relatively low cost and has an excellent mechanical shock absorption property, it is extensively used for the manufacturing of foam bricks.
The rising demand for foam bricks in the electrical and electronics industry owing to their anti-static property is a major factor that is set to propel the market in the near future. These are also capable of eliminating the possibility of electrostatic leakage and drawing away the static charge.
Foam-based packaging materials are considered to be eco-friendly as these are made up of recyclable low density polyethylene. Thus, many companies worldwide are rapidly adopting recyclable packaging materials, such as foam to lower their ecological footprint.
Complex logistics and supply chains across the globe have surged the demand for sturdy packaging solutions to provide better protection to valuable products during transportation. The usage of foam bricks is expected to grow at a steady pace owing to their increasing utilization in the packaging of lightweight products.
These are mainly made by trapping pouches of solids, liquids, and gases. These are considered to be ideal for the protection of delicate products during shipping. As these are lightweight, they do not require high shipping charges. Unlike shredded paper, these do not make a mess all over the floor and thus are a clean material. Spurred by the aforementioned factors, the foam bricks market share is expected to surge in the assessment period.
The processing and fabrication of polyethylene foam is time-consuming and it can sometimes be an expensive solution for specific applications where other types of foam can do the same job. This type of foam can also be prone to tearing or breaking depending on its formulation. These factors may obstruct the sales of foam bricks in the upcoming years.
The rising demand for foam bricks in the automotive industry for the safe transportation of vehicle parts and equipment in the U.S. and Canada is anticipated to propel the North America market in the evaluation period. The rising living standards and high disposable income of people living in these developed countries are estimated to contribute to this growth.
Besides, the ever-increasing population and busy lifestyles of people are expected to drive the demand for ready-to-eat food products, which is further likely to accelerate the need for foam bricks for packaging of such products. The surging production and sales of automobiles is another vital factor that is set to augur well for the North America market.
The rapid expansion of the e-commerce sector in emerging countries, such as India and China is projected to bolster the Asia Pacific foam bricks market growth in the near future. The COVID-19 pandemic that broke out in December 2019 led to the rising purchase of essential products through online shopping websites and applications for preventing physical contact with other people.
As per the India Brand Equity Foundation (IBEF), by 2025, the country’s e-commerce sector is estimated to be valued at US$ 111.40 billion and reach US$ 111.40 billion by 2030. The rising penetration of the internet and smartphones is responsible for this growth. This trend is likely to continue in the forthcoming years, thereby propelling the Asia Pacific market.
Some of the leading companies present in the global foam bricks market include Wisconsin Foam Products, Sonoco Products Co., Tucson Container Corporation (TCC), Cold Ice, Inc., Foamcraft, Inc., Volk Packaging Corporation, FloraCraft Corporation, UFP Technologies, Inc., Cold Chain Technologies, Inc., Sealed Air Corporation, Rogers Foam Corporation, and Plastifoam Company among others.
The global market is moderately fragmented with the presence of numerous large- and small-scale manufacturers. Majority of these manufacturers are focusing on research and development activities to come up with novel products to cater to the surging demand from various end-use industries. Meanwhile, a few other key players are engaging in joint ventures, acquisitions, and collaborations to co-develop new products and generate a large consumer base.
| Report Attribute | Details |
| Growth Rate | CAGR of 6.1% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Customization | Available Upon Request |
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The global foam bricks market is anticipated to exceed US$ 5.8 Billion in 2032.
North America is likely to lead the foam bricks market in the forecast period.
Wisconsin Foam Products, Sonoco Products Co., Tucson Container Corporation (TCC), Cold Ice, Inc., and Foamcraft, Inc. are some of the renowned companies in the foam bricks market.
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