Packaging Foam Market

Packaging Foam Market: Polyurethane (PU) to Remain Most Preferred Material Type: Global Industry Analysis 2012 - 2017 and Opportunity Assessment 2018 - 2026

  • 2018-11-12
  • REP-GB-4771
  • 275 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Packaging Foam Market

This study offers a comprehensive, 360 degree analysis on the Packaging Foam market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Packaging Foam market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Packaging foam market analysis: More than 70% of the revenue to be generated by the flexible foam segment in 2018, which is expected to increase further by the end of 2026

The global market for packaging foam was valued at US$ 5,048.1 Mn in 2017 and is projected to expand at a CAGR of 5.5% during the forecast period (2018-2026).

In terms of material type, polyurethane (PU) is expected to be the most attractive segment in the packaging foam market across the globe representing the highest CAGR in the global packaging foam market. The increase in manufacturing activities and industrial output has led to growing opportunities for the packaging foam technology in the packaging market. Packaging foam ensures the safety of the product. With a rise in the protective packaging solutions in the e-commerce industry, packaging foams have become essential to the packaging industry. Globally, flexible foam segment by product type of packaging foam market will register a CAGR of 3.1%. The most commonly used product type in packaging foam is flexible foam and rigid foam. The flexible foam market’s value share is accounting for more than 70% of the global market share of the packaging foam market during the forecast period.

Drivers & Restraints for the Global Packaging Foam Market

3PL will play a key role in driving the demand for safe and protective transportation and will lead to a rise in demand for the global packaging foam market. Efficiency is a crucial challenge for manufacturers and retailers. This is where packaging foam plays an important role. In accordance with this challenge, reducing the overall cost of supplying is an aspect which is considered as a significant factor in the market and a driver towards outsourcing activity. Service providers of 3PL act as agents which are capable of flexing to different challenges and demands. This has led to an increase in demand for packaging foams. A variety of prospects and trends from Omni-channels and e-commerce growth to evolving consumer markets have unleashed opportunities for retailers and manufacturers to enhance their supply chain productively. This is the prominent factor which will drive the growth of the global packaging foam market. The usage of 3PL is a significant motivation factor among retailers and packaging foam manufacturers in growing their sales rather than improving their bottom line. Conventionally, service providers of 3PL were helping to make inroads for new sourcing location, but today they have enhanced themselves to support companies to expand into the consumer market as well. They have witnessed a massive shift from supply to demand as the emerging economies continue to develop. Therefore, the ever-growing demand for 3PL is considered as a significant factor towards the growth of the packaging foam market. Continuous growth in the e-commerce industry along with an increase in the rise of the sale of protective packaging products has led to the emergence of the global packaging foam market. Packaging foam manufacturers and retailers use simplified designs, lightweight packs, and recyclable material for the transportation of the product. This has led to witness the growth of the global packaging foam market during the forecast period.

Key Developments in the Global Packaging Foam Market

  • In June 2016, BASF S.E. extended its innovative foam solutions portfolio with the Ecovio EA.

  • In March 2016, BASF SE and Kolon Plastics, an engineering plastics specialist company, entered into an agreement to establish a JV in Korea to manufacture polyoxymethylene (POM).

  • In January 2015, Sealed Air Corporation realigned its product care segment into global performance packaging and global general packaging.

  • In May 2016, Sealed Air Corporation entered into the strategic partnership with Box On Demand and Panotec, providers of 3- dimensional equipment platforms.

Market Taxonomy of the Global Packaging Foam Market

The global market for packaging foam is segmented by material type, product type, end use, application, and region.

On the basis of material type, the global packaging foam market is segmented into polystyrene, polyurethane (PU), poly vinyl chloride (PVC), and others. Polyurethane (PU) is anticipated to register a CAGR of 3.9% of the global packaging foam market during the forecast period.

On the basis of product type, the global packaging foam market is segmented into flexible foam and rigid foam. Flexible Foam is anticipated to register a CAGR of 5.4% of the global packaging foam market during the forecast period.

On the basis of end use, the global packaging foam market is segmented into automobile industry, construction industry, food & beverage industry, consumer electronics, and homecare and personal care. Packaging manufacturers prefer packaging foam for protective packaging products.

On the basis of application, the global packaging foam market is segmented into inserts, corner and edge protectors, antistatic ESD foam, liners, and others. Furthermore, on the basis of region, the global packaging foam market is segmented as North America, Latin America, Europe, Japan, Asia Pacific excluding Japan (APEJ), and Middle East & Africa.

Key players for the global packaging foam market are Armacell, JSP, Zotefoams Plc., BASF SE, Sealed Air Corporation, Synthos SA, Rogers Corporation, Kaneka Corporation, and Arkema and Foampartner Group.

In this report, Future Market Insights (FMI) offers a 9-year forecast of the global packaging foam market between 2012 and 2026. In terms of value, the global packaging foam market is projected to expand at a CAGR of 5.5% during the forecast period. The study reveals market dynamics in six geographic segments along with analysis for the current market environment and scenario over the forecast period.

Report Description

This Future Market Insights report studies the global packaging foam market for the period 2012–2026. The prime objective of the report on the global packaging foam market is to offer insights and key market trends pertaining to packaging foams that are gradually helping transform global businesses.

The global packaging foam market report begins with an executive summary for various categories and their share in the packaging foam market. It is followed by market dynamics and an overview of the global packaging foam market, which includes FMI analysis of market drivers, restraints, and trends that are affecting the growth of packaging foam market. Furthermore, to understand the popularity of the market segment, market attractiveness index and BPS analysis with elaborated insights on the same are provided, which will show the market’s attractiveness based on factors such as CAGR and incremental opportunity. To show the performance of the packaging foam market in each country and region, BPS and Y-o-Y growth analysis of packaging foam are provided.

The global market for packaging foam is further segmented by material type, product type, end use, and application. On the basis of material type, the global packaging foam market is segmented into polystyrene, polyurethane (PU), poly vinyl chloride (PVC), and others. On the basis of product type, the global packaging foam market is segmented into flexible foam and rigid foam. On the basis of end use, the global packaging foam market is segmented into automobile, construction, food & beverages, consumer electronics, and homecare & personal care. On the basis of application, the global packaging foam market is segmented into inserts, corner & edge protectors, anti-static ESD foam, liners, and others.

The next section of the report highlights the packaging foam market by region and provides the market outlook for 2018–2026. The study investigates the Y-o-Y growth regionally, as well as analyses the drivers that influence the regional packaging foam market. Main regions assessed in the report on global packaging foam market include North America, Latin America, Europe, Asia Pacific Excluding Japan, Middle East & Africa (MEA), and Japan. The global packaging foam market evaluates the present scenario and growth prospects of the regional packaging foam market for 2012–2026.

To ascertain the market size in terms of value and volume, revenue generated by the key manufacturers of packaging foam and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the packaging foam market. In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis of how the packaging foam market is expected to develop in the future. Additionally, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyse packaging foam market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the packaging foam market and identify the right opportunities across the market.

The market segment for global packaging foam market has been analysed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the packaging foam market. Another key feature of the global packaging foam market report is the analysis of key segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the packaging foam market. The overall absolute dollar opportunity along with a segmental split is mentioned in the report titled global packaging foam market.

To understand the crucial segments in terms of growth and adoption for packaging foam globally, Future Market Insights developed the packaging foam market ‘Attractiveness Index’. The resulting index should help providers identify real market opportunities in the global packaging foam market.

In the final section of the report on packaging foam, the ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution to the total packaging foam market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on an in-depth evaluation of their capabilities and success in the packaging foam marketplace.

Detailed profiles of companies operating in the global packaging foam market are also included in the report to evaluate their strategies, key product offerings, and recent developments. Key manufacturers operating in the packaging foam market include Armacell, JSP, Zotefoams Plc., BASF SE, Sealed Air Corporation, Synthos SA, Rogers Corporation, Kaneka Corporation, Arkema, and Foampartner Group.

Key Segments Covered

By material type, the global packaging foam market is segmented into:

  • Polystyrene

  • Polyurethane (PU)

  • Poly Vinyl Chloride (PVC)

  • Others

By product type, the global packaging foam market is segmented into:

  • Flexible Foam

  • Rigid Foam

By end use, the global packaging foam market is segmented into:

  • Automobile Industry

  • Construction Industry

  • Food & Beverages Industry

  • Consumer Electronics

  • Homecare & Personal Care

By application, the global packaging foam market is segmented into:

  • Inserts

  • Corner & Edge Protectors

  • Anti-Static ESD Foam

  • Liners

  • Other

Regional analysis of packaging foam market is presented for following market segments:

  • North America

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Europe

    • Germany

    • U.K.

    • Spain

    • France

    • Italy

    • Rest of Europe

  • Asia Pacific Excluding Japan (APEJ)

    • China

    • India

    • Malaysia

    • Singapore

    • Australia

    • Rest of APEJ

  • Middle East and Africa (MEA)

    • GCC Countries

    • South Africa

    • Israel

    • Rest of MEA

  • Japan

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