The packing foam market was valued at approximately US$ 6.6 billion in 2022, and it is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2026.
The electronics industry is predicted to be the largest consumer of packing foam due to the increasing demand for electronic goods and the use of protective packaging. The expansion of online shopping and e-commerce has particularly benefited the packaging foam market in the electronics industry.
In the food and beverage industry, foam packing is commonly used to protect fragile items like glass bottles and jars during transportation.
The healthcare industry is also a significant contributor to the growth of the packing foam market. Packaging foam is utilized for the transportation and packaging of medical tools, equipment, and devices. The growing aging population and the demand for personalized medicine have further driven the demand for packing foam in the healthcare sector.
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The rising public awareness of sustainable packaging has played a role in the development of eco-friendly packaging foam solutions. There is an increasing interest in biodegradable and recyclable packaging foam materials, which are expected to gain significant popularity in the future.
FMI, a company committed to providing innovative packaging solutions, offers a wide range of packaging foam products such as expanded polystyrene (EPS) foam, polyethylene foam, and polyurethane foam. These customized solutions are designed to protect products during transportation and storage, catering to the evolving needs of customers.
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
Packaging Foam Market by Category
By Material Type:
- Polystyrene
- Polyurethane (PU)
- Poly Vinyl Chloride (PVC)
- Others
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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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