The global Packaging Foams market size is projected to reach US$ 15970 million by 2027, from US$ 11980 million in 2020, at a CAGR of 4.9% during 2021-2027. One of the most commonly used packaging foams is polyurethane foams. The increasing demand for packaging materials in the e-commerce industry in emerging economies such as Russia, China, India, and others will boost the application of polyurethane foams for packaging applications.
PU-cored foams have many advantages that include lightweight construction, superb thermal insulation, and rapid and economical construction technique. The strong adherence ability and exceptional mechanical and insulating properties of polyurethane foams make them ideal for packaging applications.
The global packaging foam market has grown as a result of incremental expansion in the e-commerce industry and an increase in the sale of protective packaging materials. For product transportation, packaging foam makers utilize lightweight packs, streamlined designs, and recyclable materials. As a result, the worldwide packaging foam market is expected to rise at a faster rate over the forecast period.
Based on type, polyurethane (PU) & Polystyrene (PS) segment are expected to be most lucrative during the forecast period. The growing need for packaging materials in the e-commerce business in emerging nations like Russia, China, India, and others would promote the use of polyurethane foams in packaging. Lightweight construction, excellent thermal insulation, and a quick and cost-effective building method are just a few of the benefits of PU-cored foams. On the other hand, flotation devices, insulation, egg cartons, sandwiches, and hamburger boxes are all made with Polystyrene (PS).
Based on region, Asia-Pacific is expected to develop at the fastest CAGR. This trend may largely be credited to the Asia-Pacific region's rapid economic growth, which has been accompanied by an increase in the region's e-commerce activity.
The global Packaging Foams market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Packaging Foams market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2016 to 2021. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.
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Report Metric |
Details |
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Report Name |
Packaging Foams Market |
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The market size in 2020 |
USD 11980 Million |
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The revenue forecast in 2027 |
USD 15970 Million |
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Growth Rate |
CAGR of 4.9% from 2021 to 2027 |
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Market size available for years |
2021-2027 |
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Forecast units |
Value (USD) |
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Segments covered |
Type, End-User, Offerings, and Region |
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Report coverage |
Revenue & volume forecast, company share, competitive landscape, growth factors, and trends |
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Geographic regions covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Ans. The global packaging foams market size is projected to reach US$ 15970 million by 2027, from US$ 11980 million in 2020, at a CAGR of 4.9% during 2021-2027.
Ans. Based on region, Asia-Pacific is expected to develop at the fastest CAGR. This trend may largely be credited to the Asia-Pacific region's rapid economic growth, which has been accompanied by an increase in the region's e-commerce activity.
Ans. The global packaging foam market has grown as a result of incremental expansion in the e-commerce industry and an increase in the sale of protective packaging materials. For product transportation, packaging foam makers utilize lightweight packs, streamlined designs, and recyclable materials. As a result, the worldwide packaging foam market is expected to rise at a faster rate over the period.
Ans. The forecast period for the packaging foams market is 2021 to 2027
Ans. The major companies operating in the packaging foams market include ACH Foam Technologies, Arkema, Armacell, BASF, Borealis, Foampartner, JSP, Kaneka, Recticel, Rogers Foam, Sealed Air, Synthos, Total, Zotefoams
Ans. Based on type, polyurethane (PU) & Polystyrene (PS) segments are expected to be most lucrative during the forecast period.
Table of Content
List of Tables & Figures
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