Packaging Foam Market Overview
Packaging Foam Market size is forecast to
reach US$ 28.9 billion by 2026, after growing at
a CAGR of 6.2% during 2021-2026. The Foam is an
object that provides
cushioning support to protect breakable items during shipment. Polyethylene foam is an engineering plastic material
mostly used for the packaging of fragile goods due to
its excellent vibration resistance and insulation properties.
The increasing globalization activities along with growing opportunities in the
manufacturing, and the industrial sector are driving the market for packaging
foam. The increasing demand for lightweight products in the transport sector is
increasing demand for polypropylene foam. The growing eCommerce
sector along with growing shipment activities globally are driving the market
for packaging foam during the forecast period. The increasing effective packaging
in various industries such as electronics, consumer goods, and pharmaceutical
are boosting the market for packaging foam.
COVID-19 Impact
The COVID-19 pandemic has impacted different
industries; one of the few industries that were largely hit to some extent was
the packaging industry. The sales of packaging foam have dropped, as all the
manufacturing sectors were closed due to complete lockdown and supply of only
basic commodities were permitted which has completely dropped the market share
as packaging foam are widely used in different industries like aerospace, food
& beverages, transportation, personal care and so on. As the Lockdown has
been lifted, the manufacturing sector is working to gain profit with innovative
technologies for the upliftment of the Packaging foam Market in the forecasted
period.
Report Coverage
The report: “Packaging Foam Market – Forecast (2021-2026)”, by IndustryARC,
covers an in-depth analysis of the following segments of the Packaging Foam
industry.
Key Takeaways
- The Asia Pacific is expected to register a CAGR of 7.4% during the forecast period (2021-2026) due to the rise of the e-commerce industry of Asian countries such as China, India, Japan, and South Korea is driving the market demand for Packaging Foam.
- Increasing demand for polypropylene is estimated to grow market demand in the forecast period. Superior barrier properties, high tensile strength, better surface finish, and low cost allows polypropylene to be a unique product for numerous packaging applications.
- Manufacturers are launching innovative pack formats, sizes, and functionality in response to the consumer demand for convenience, Asia-Pacific is both an exciting and challenging region for packaging manufacturers.
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Packaging Foam Market Segment Analysis - By Polymer Type
The polyurethane foam
segment accounted for 26% in 2020
and is estimated to grow at a significant CAGR during the forecast period
2021-2026. The factor responsible for its growth is growing end-use industries
such as personal care, electronics, automotive, and building &
construction, in countries like India, China, Indonesia, Japan, and others. The
unique physical properties of polyurethane foams are driving the market growth. The usage
of polystyrene foam has developed significantly in the Packaging Foam Market. They
are widely used in building and construction activities. Polystyrene foam acts
as a good thermal insulator and plays an important role in handling issues
relating to insulation in building construction such as insulating concrete foam
which is acting as drivers for the segment during 2020-2026.
Packaging Foam Market Segment Analysis – By Technology
The extrusion technology segment will
grow at a significant CAGR of 6.9% between 2021-2026. The technology is used in flexible packaging
products like pouches, bags, and films are produced with the help of extrusion
technology. The growing demand for flexible products due to high durability and
lower cost is expected to boost the segment in the projected period. Injection
molding technology will show an upward trend during the forecast period. The
technology is particularly used to produce rigid products. The increased demand in the manufacturing sector and
industrial output has led the opportunities for foam technology in the Packaging Foam Market.
Packaging Foam Market Segment Analysis – By Product
The Flexible Foam segment accounts for the highest share
of 60% in 2020
and is expected to grow at a significant CAGR during the forecast period due to
its versatility,
lightweight, cost-efficient, and high durability properties.
The growing e-commerce industry is fueling foam packaging demand for the past
decade as it is widely used for packaging electronics components, personal care
products, and sensitive products like glass products, computer parts, and
others. The increasing digitalization helping in the growth of the e-commerce
market which is likely to boost the packaging foam demand between 2021-2026.
Packaging Foam Market Segment Analysis – By Application
The antistatic electrostatic discharge (ESD) segment is accounted for a significant share in
2020 and estimated to grow at a moderate growth rate during the forecast
period. Excellent vibration dampening, and cushioning are some of the key
factors driving the market growth. Furthermore, the ability of ESD to cut into foam trays, planks, pads, blocks, or any
shapes that enhances the demand for antistatic ESD foam. Antistatic ESD packaging is mostly used in electrical and electronic components. The antistatic
ESD segment is widely used as compared to other application segments like Inserts, Corner &
Edges, Linkers, others. The growing usage of antistatic ESD foam
types among packaging industries is also supporting the growth of the Packaging Foam Market.
Packaging Foam Market Segment Analysis – By End-use Industry
The Packaging Industry holds the largest share
in 2020 and is expected to grow with a CAGR of 6.5% during
the forecast period owing to their excellent
properties like shock resistance, corrosion resistance, anti-static, and
mechanical shock absorption. The construction industry will also show an
increasing trend during the forecast period due to huge investment in
infrastructure development, residential and non-residential projects in major
countries of Asia Pacific like India, China, Bangladesh, and others. Furthermore, the demand for protective packaging in
the electric & electronic and medical & Pharmaceutical sectors across
the globe is equally helping in the growth of the Packaging Foam Market.
Packaging Foam Market Segment Analysis - By Geography
The Asia Pacific region holds the largest share of 39% in 2020 and is expected to grow at a rapid pace during the forecast period. The rapid growth in population and the growing packaging industry is one of the major factors driving the regional market. Abundant raw material sources, increasing investments in infrastructure in China, India, and Brazil have also boosted the market growth. According to Invest India, The Construction Industry in India is expected to reach USD 1.4 trillion by 2025 and the Real Estate Industry in India is expected to reach USD1 Trillion by 2030 and contributes to 13% of GDP.
Packaging Foam Market Drivers:
Increasing growth in Consumer Electronics Manufacturing
The Electric and Electronic sector is one of the key end-use of packaging foam. ESD foam packaging is an extensively used electronic sector in the storage and shipping of electronics and semiconductor components to prevent them from getting damaged. The rise in demand for semiconductors is acting as a driver for growth in the Packaging Foam Market. The increasing consumption of wafer foam separators is a key factor helping in the growth of the Packaging Foam Market. According to invest India, the electronics market valued at USD118 Billion in 2019-20 and is expected to reach USD 400 billion by 2025. Thus the electronics packaging market will grow significantly across the globe in the coming years.
Flourishing E-commerce Industry
Rising internet usage and growing access to the internet in
developing countries across the globe have created huge potential market opportunities
for packaging foam. According to CBRE, global eCommerce sales have been
increased by 140% in the past five years and China and the USA are the biggest
eCommerce market across the globe, accounts for 57% of the total market sales
over the internet. According to data presented by Finaria, the number of eCommerce
users has been increased by 9.5% every year and hit over 3.4 billion in 2020.
Amazon and AliExpress are the highest sellers and covers 75% of the global
e-market across the globe. These are the driving factors that are helping in
the growth of the Packaging Foam Market during the forecast period.
Packaging Foam Market Challenges:
Growing Concern on Environmental Protection
Packaging foam is one of the major contributors for harming to wildlife,
waterways, and other natural resources. Its lightweight feature is a growing
concern as it does not readily biodegrade. The growth of
the Packaging Foam Market is also a growing
concern of the environmental protection regarding the use of Polyurethane and Polystyrene
in making foam due to the high impact on the environment. It is affecting harshly
to wildlife, plants, and human beings by increasing health issues. These
concerns have led the polyurethane foam
to shrink continuously for sustainable development of business.
Packaging Foam Market Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Packaging Foam Market. Major players in the Packaging Foam Market include:
- Armacell
- JSP
- Zotefoams Plc.
- BASF SE
- Sealed Air Corporation
- Synthos SA
- Rogers Corporation
- Kaneka Corporation
- Arkema
- Foampartner Group
Acquisitions/Technology Launches
- In September 2020, the Storopack group introduced new sustainable and eco-friendly FOAMplus 5504RC packaging foam, designed to meet rigorous cushioning requirements
- In August 2020, ExxonMobil has introduced a new foamable Achieve Advanced PP6302E1, affordable and easily applicable for high volume and also providing solutions to food & beverages, industrial, building product, and automotive parts. The high melt strength improves product stiffness by 30%.
Relevant Reports
U.S. Medical Foam Market – Forecast (2021
- 2026)
Report Code: CMR 1299
Expanded Polypropylene (EPP) Foam Market –
Forecast (2021 - 2026)
Report Code:
CMR 0672
Protective Packaging Market – Forecast
(2021 - 2026)
Report Code:
CMR 0087
North America Flexible Vacuum Packaging
Market – Forecast (2021 - 2026)
Report Code: CMR 1285
For more Chemicals and Materials related reports, please click here
LIST OF TABLES
1.Global Packaging Foams Market By Structures Market 2019-2024 ($M)1.1 Market Size & Projection Market 2019-2024 ($M) - Global Industry Research
1.1.1 Packaging Foams Market 2019-2024 ($M)
2.Global Packaging Foams Market By Material Type Market 2019-2024 ($M)
2.1 Polystyrene Foam Market 2019-2024 ($M) - Global Industry Research
2.2 Polyurethane Foam Market 2019-2024 ($M) - Global Industry Research
2.3 Polyolefin Foam Market 2019-2024 ($M) - Global Industry Research
2.3.1 Polyprypylene Foam Market 2019-2024 ($M)
2.3.2 Polyethylene Foam Market 2019-2024 ($M)
3.Global Packaging Foams Market By Service Type Market 2019-2024 ($M)
3.1 Packaging Foams By EPS Market 2019-2024 ($M) - Global Industry Research
3.2 Food Service Market 2019-2024 ($M) - Global Industry Research
3.2.1 Cups Market 2019-2024 ($M)
3.2.2 Food Trays Market 2019-2024 ($M)
3.2.3 Plates & Bowls Market 2019-2024 ($M)
3.2.4 Hinged Containers Market 2019-2024 ($M)
3.3 Protective Packaging Market 2019-2024 ($M) - Global Industry Research
3.3.1 Medical Market 2019-2024 ($M)
3.3.2 Automotive & Transportation Market 2019-2024 ($M)
3.3.3 Consumer Goods/ Electronics Goods Market 2019-2024 ($M)
4.Global Packaging Foams Market By Structures Market 2019-2024 (Volume/Units)
4.1 Market Size & Projection Market 2019-2024 (Volume/Units) - Global Industry Research
4.1.1 Packaging Foams Market 2019-2024 (Volume/Units)
5.Global Packaging Foams Market By Material Type Market 2019-2024 (Volume/Units)
5.1 Polystyrene Foam Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Polyurethane Foam Market 2019-2024 (Volume/Units) - Global Industry Research
5.3 Polyolefin Foam Market 2019-2024 (Volume/Units) - Global Industry Research
5.3.1 Polyprypylene Foam Market 2019-2024 (Volume/Units)
5.3.2 Polyethylene Foam Market 2019-2024 (Volume/Units)
6.Global Packaging Foams Market By Service Type Market 2019-2024 (Volume/Units)
6.1 Packaging Foams By EPS Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Food Service Market 2019-2024 (Volume/Units) - Global Industry Research
6.2.1 Cups Market 2019-2024 (Volume/Units)
6.2.2 Food Trays Market 2019-2024 (Volume/Units)
6.2.3 Plates & Bowls Market 2019-2024 (Volume/Units)
6.2.4 Hinged Containers Market 2019-2024 (Volume/Units)
6.3 Protective Packaging Market 2019-2024 (Volume/Units) - Global Industry Research
6.3.1 Medical Market 2019-2024 (Volume/Units)
6.3.2 Automotive & Transportation Market 2019-2024 (Volume/Units)
6.3.3 Consumer Goods/ Electronics Goods Market 2019-2024 (Volume/Units)
7.North America Packaging Foams Market By Structures Market 2019-2024 ($M)
7.1 Market Size & Projection Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Packaging Foams Market 2019-2024 ($M)
8.North America Packaging Foams Market By Material Type Market 2019-2024 ($M)
8.1 Polystyrene Foam Market 2019-2024 ($M) - Regional Industry Research
8.2 Polyurethane Foam Market 2019-2024 ($M) - Regional Industry Research
8.3 Polyolefin Foam Market 2019-2024 ($M) - Regional Industry Research
8.3.1 Polyprypylene Foam Market 2019-2024 ($M)
8.3.2 Polyethylene Foam Market 2019-2024 ($M)
9.North America Packaging Foams Market By Service Type Market 2019-2024 ($M)
9.1 Packaging Foams By EPS Market 2019-2024 ($M) - Regional Industry Research
9.2 Food Service Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Cups Market 2019-2024 ($M)
9.2.2 Food Trays Market 2019-2024 ($M)
9.2.3 Plates & Bowls Market 2019-2024 ($M)
9.2.4 Hinged Containers Market 2019-2024 ($M)
9.3 Protective Packaging Market 2019-2024 ($M) - Regional Industry Research
9.3.1 Medical Market 2019-2024 ($M)
9.3.2 Automotive & Transportation Market 2019-2024 ($M)
9.3.3 Consumer Goods/ Electronics Goods Market 2019-2024 ($M)
10.South America Packaging Foams Market By Structures Market 2019-2024 ($M)
10.1 Market Size & Projection Market 2019-2024 ($M) - Regional Industry Research
10.1.1 Packaging Foams Market 2019-2024 ($M)
11.South America Packaging Foams Market By Material Type Market 2019-2024 ($M)
11.1 Polystyrene Foam Market 2019-2024 ($M) - Regional Industry Research
11.2 Polyurethane Foam Market 2019-2024 ($M) - Regional Industry Research
11.3 Polyolefin Foam Market 2019-2024 ($M) - Regional Industry Research
11.3.1 Polyprypylene Foam Market 2019-2024 ($M)
11.3.2 Polyethylene Foam Market 2019-2024 ($M)
12.South America Packaging Foams Market By Service Type Market 2019-2024 ($M)
12.1 Packaging Foams By EPS Market 2019-2024 ($M) - Regional Industry Research
12.2 Food Service Market 2019-2024 ($M) - Regional Industry Research
12.2.1 Cups Market 2019-2024 ($M)
12.2.2 Food Trays Market 2019-2024 ($M)
12.2.3 Plates & Bowls Market 2019-2024 ($M)
12.2.4 Hinged Containers Market 2019-2024 ($M)
12.3 Protective Packaging Market 2019-2024 ($M) - Regional Industry Research
12.3.1 Medical Market 2019-2024 ($M)
12.3.2 Automotive & Transportation Market 2019-2024 ($M)
12.3.3 Consumer Goods/ Electronics Goods Market 2019-2024 ($M)
13.Europe Packaging Foams Market By Structures Market 2019-2024 ($M)
13.1 Market Size & Projection Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Packaging Foams Market 2019-2024 ($M)
14.Europe Packaging Foams Market By Material Type Market 2019-2024 ($M)
14.1 Polystyrene Foam Market 2019-2024 ($M) - Regional Industry Research
14.2 Polyurethane Foam Market 2019-2024 ($M) - Regional Industry Research
14.3 Polyolefin Foam Market 2019-2024 ($M) - Regional Industry Research
14.3.1 Polyprypylene Foam Market 2019-2024 ($M)
14.3.2 Polyethylene Foam Market 2019-2024 ($M)
15.Europe Packaging Foams Market By Service Type Market 2019-2024 ($M)
15.1 Packaging Foams By EPS Market 2019-2024 ($M) - Regional Industry Research
15.2 Food Service Market 2019-2024 ($M) - Regional Industry Research
15.2.1 Cups Market 2019-2024 ($M)
15.2.2 Food Trays Market 2019-2024 ($M)
15.2.3 Plates & Bowls Market 2019-2024 ($M)
15.2.4 Hinged Containers Market 2019-2024 ($M)
15.3 Protective Packaging Market 2019-2024 ($M) - Regional Industry Research
15.3.1 Medical Market 2019-2024 ($M)
15.3.2 Automotive & Transportation Market 2019-2024 ($M)
15.3.3 Consumer Goods/ Electronics Goods Market 2019-2024 ($M)
16.APAC Packaging Foams Market By Structures Market 2019-2024 ($M)
16.1 Market Size & Projection Market 2019-2024 ($M) - Regional Industry Research
16.1.1 Packaging Foams Market 2019-2024 ($M)
17.APAC Packaging Foams Market By Material Type Market 2019-2024 ($M)
17.1 Polystyrene Foam Market 2019-2024 ($M) - Regional Industry Research
17.2 Polyurethane Foam Market 2019-2024 ($M) - Regional Industry Research
17.3 Polyolefin Foam Market 2019-2024 ($M) - Regional Industry Research
17.3.1 Polyprypylene Foam Market 2019-2024 ($M)
17.3.2 Polyethylene Foam Market 2019-2024 ($M)
18.APAC Packaging Foams Market By Service Type Market 2019-2024 ($M)
18.1 Packaging Foams By EPS Market 2019-2024 ($M) - Regional Industry Research
18.2 Food Service Market 2019-2024 ($M) - Regional Industry Research
18.2.1 Cups Market 2019-2024 ($M)
18.2.2 Food Trays Market 2019-2024 ($M)
18.2.3 Plates & Bowls Market 2019-2024 ($M)
18.2.4 Hinged Containers Market 2019-2024 ($M)
18.3 Protective Packaging Market 2019-2024 ($M) - Regional Industry Research
18.3.1 Medical Market 2019-2024 ($M)
18.3.2 Automotive & Transportation Market 2019-2024 ($M)
18.3.3 Consumer Goods/ Electronics Goods Market 2019-2024 ($M)
19.MENA Packaging Foams Market By Structures Market 2019-2024 ($M)
19.1 Market Size & Projection Market 2019-2024 ($M) - Regional Industry Research
19.1.1 Packaging Foams Market 2019-2024 ($M)
20.MENA Packaging Foams Market By Material Type Market 2019-2024 ($M)
20.1 Polystyrene Foam Market 2019-2024 ($M) - Regional Industry Research
20.2 Polyurethane Foam Market 2019-2024 ($M) - Regional Industry Research
20.3 Polyolefin Foam Market 2019-2024 ($M) - Regional Industry Research
20.3.1 Polyprypylene Foam Market 2019-2024 ($M)
20.3.2 Polyethylene Foam Market 2019-2024 ($M)
21.MENA Packaging Foams Market By Service Type Market 2019-2024 ($M)
21.1 Packaging Foams By EPS Market 2019-2024 ($M) - Regional Industry Research
21.2 Food Service Market 2019-2024 ($M) - Regional Industry Research
21.2.1 Cups Market 2019-2024 ($M)
21.2.2 Food Trays Market 2019-2024 ($M)
21.2.3 Plates & Bowls Market 2019-2024 ($M)
21.2.4 Hinged Containers Market 2019-2024 ($M)
21.3 Protective Packaging Market 2019-2024 ($M) - Regional Industry Research
21.3.1 Medical Market 2019-2024 ($M)
21.3.2 Automotive & Transportation Market 2019-2024 ($M)
21.3.3 Consumer Goods/ Electronics Goods Market 2019-2024 ($M)
LIST OF FIGURES
1.US Packaging Foams Market Revenue, 2019-2024 ($M)2.Canada Packaging Foams Market Revenue, 2019-2024 ($M)
3.Mexico Packaging Foams Market Revenue, 2019-2024 ($M)
4.Brazil Packaging Foams Market Revenue, 2019-2024 ($M)
5.Argentina Packaging Foams Market Revenue, 2019-2024 ($M)
6.Peru Packaging Foams Market Revenue, 2019-2024 ($M)
7.Colombia Packaging Foams Market Revenue, 2019-2024 ($M)
8.Chile Packaging Foams Market Revenue, 2019-2024 ($M)
9.Rest of South America Packaging Foams Market Revenue, 2019-2024 ($M)
10.UK Packaging Foams Market Revenue, 2019-2024 ($M)
11.Germany Packaging Foams Market Revenue, 2019-2024 ($M)
12.France Packaging Foams Market Revenue, 2019-2024 ($M)
13.Italy Packaging Foams Market Revenue, 2019-2024 ($M)
14.Spain Packaging Foams Market Revenue, 2019-2024 ($M)
15.Rest of Europe Packaging Foams Market Revenue, 2019-2024 ($M)
16.China Packaging Foams Market Revenue, 2019-2024 ($M)
17.India Packaging Foams Market Revenue, 2019-2024 ($M)
18.Japan Packaging Foams Market Revenue, 2019-2024 ($M)
19.South Korea Packaging Foams Market Revenue, 2019-2024 ($M)
20.South Africa Packaging Foams Market Revenue, 2019-2024 ($M)
21.North America Packaging Foams By Application
22.South America Packaging Foams By Application
23.Europe Packaging Foams By Application
24.APAC Packaging Foams By Application
25.MENA Packaging Foams By Application
26.ACH Foam Technologies, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Arkema, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Armacell LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Borealis AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Foampartner Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.JSP, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Kaneka Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Recticel, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Rogers Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Sealed Air, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Synthos S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Total, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Zotefoams PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)