The packing foam market was estimated to be worth US$ 6.6 billion in 2022, and it is anticipated to grow at a CAGR of 5.7% from 2022 to 2026.
Given the growing demand for electronic goods and the increasing use of protective packaging, the electronics industry is anticipated to be the biggest consumer of packing foam. The electronics industry’s packaging foam market has profited from the expansion of online shopping and e-commerce.
Foam packing is frequently employed in the food and beverage industry because it helps protect delicate items like glass bottles and jars during shipping.
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The healthcare industry is another key element in the growth of the packing foam market since packaging foam is used to transport and package medical tools, equipment, and gadgets. The rise in older populations and the demand for individualised medicine have further fueled the demand for packing foam in the healthcare industry.
The rising public awareness of sustainable packaging has also contributed to the development of eco-friendly packaging foam solutions. This has prompted interest in biodegradable and recyclable packaging foam materials, which are expected to gain significant popularity in the future years.
FMI is committed to providing innovative packaging solutions that meet the evolving needs of our customers. With a wide range of packaging foam products, including expanded polystyrene (EPS) foam, polyethylene foam, and polyurethane foam, we offer customized solutions that are designed to protect products during transportation and storage.
Competitive Landscape
- Leading players operating in the packaging foam market are investing vigorously in research activities for the development of bio-based products. Besides this, they are leveraging various growth strategies such as partnerships, acquisitions, collaborations and partnerships to dominate the market. For instance
- In November 2021, Stora Enso expanded its packaging portfolio with the launch of new bio-based foams i.e., Fibrease and Papira. The new products are lighter and fully recyclable. They are ideal for protective and thermal packaging.
- In November 2020, Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, launched new Armacell Solutions Portfolio into North American market.
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Key Insights oF The Report
- Key Trends in the Packaging Foam market
- New Advancements in Production Technologies
- New Product Launches, Expansions of Packaging Foam market
Key Players:
- Armacell
- JSP
- Zotefoams Plc
- BASF SE
- Sealed Air Corporation
- Synthos SA
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Packaging Foam Market by Category
By Material Type:
- Polystyrene
- Polyurethane (PU)
- Poly Vinyl Chloride (PVC)
- Others
By Product Type:
- Flexible Foam
- Rigid Foam
By End Use:
- Automobile Industry
- Construction Industry
- Food & Beverages Industry
- Consumer Electronics
- Homecare & Personal Care
By Application:
- Inserts
- Corner & Edge Protectors
- Anti-Static ESD Foam
- Liners
- Other
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