Report Description

A recent market intelligence report that is published by Data Insights Partner on Packaging Foams Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international. The research study also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Packaging Foams Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Packaging Foams Market is offered.

Market Insights:

In accordance with the report, the Packaging Foams Market is projected to expand at a CAGR of X.X% over the period of forecast.  The global Packaging Foams Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period. By 2022, the market for packaging foams is anticipated to grow to USD 17.3 billion. Additionally, it has been predicted that the market for packing foams will rise at a 6% CAGR throughout the projection period. The method of mixing gas in solid and liquid form results in foam packaging. Toys, electronics, and other products all make extensive use of this foam packaging material. Additionally, this product can be utilised for a wide range of packaging needs. Because it helps to preserve the items and is reasonably priced, this foam packaging product is more in demand across a variety of industries. One of the key drivers of the growth of the worldwide packaging foams market is the escalating level of technical advancement in the packaging industry. Thus, the use of packaging foam has increased as a result of this cutting-edge technology. Additionally, the expansion of the global industry is a result of improvements in transportation technology, which aid in lowering transportation costs. Additionally, the simple accessibility of the raw material is The Plastics Foodservice Packaging Group provided the FDA with revised styrene migration data in 2013, which demonstrates that styrene reduces intake by 6.6 micrograms per person per day when compared to polyurethane foam packaging. As a result, the packing foams market is expanding significantly.

Research Methodology:

To compile the detailed study of the global Packaging Foams Market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Packaging Foams Market. Comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, Industrial papers, and paid databases. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the Packaging Foams Market.

COVID-19 Scenario Analysis:

The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing quite well while others have been crushed. This section of the report has explored the overall status of the COVID-19 scenario. The industry witnessed a huge decline in terms of sales. Likewise, the Packaging Foams Market was affected negatively due to the shutdown of manufacturing/processing facilities for some time. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.

Segment Covered:

Packaging Foams Market Compounded annual growth rates for all segments have also been provided for 2019 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

Key Segments:

Packaging Foams Market research report includes an in-depth coverage of the industry with estimates & forecast from 2022 to 2031, for the following segments:

Packaging Foams Market, By Material Types, 2022-2031 (USD Million)

·         Polyolefin Foam,

·         Polyurethane Foam,

·         Others

Packaging Foams Market, By Structure, 2022-2031 (USD Million)

·         Rigid Foam,

·         Flexible Foam

Packaging Foams Market, By Service Type, 2022-2031 (USD Million)

·         Protective packaging,

·         Food service,

·         Others

Report Highlights:

The prime objective of the Packaging Foams Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with different major regions and more than 30 major countries across the globe. During the report's production, extensive research and analysis were conducted. This research will assist readers in gaining a thorough understanding of the market.

Packaging Foams Market, By Region, 2022-2031 (USD Million)

·         North America ( United States, Canada, Mexico)

·         Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)

·         South Asia ( India, Pakistan and Bangladesh)

·         East Asia (China, Japan and South Korea)

·         South East Asia (Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)

·         Middle East (Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)

·         Africa (Nigeria, South Africa, Egypt, Algeria, Rest of Africa)

·         South America (Brazil, Argentina, Colombia, Chile, and Rest of SA)

·         Oceania (Australia and New Zealand)   

Companies Profiled:

To enhance their position in the global market, key suppliers/manufacturers are concentrating on business expansion and product innovation. Manufacturers/producers are also working on boosting their manufacturing capacity and product quality to gain a competitive advantage. The following are some of the prominent manufacturers in the worldwide Packaging Foams Market:

·         JSP (Japan),

·         Zotefoams Plc. (U.K.),

·         Armacell (Germany),

·         Synthos SA (Poland),

·         BASF SE (Germany),

·         Sealed Air Corporation (U.S.),

·         Rogers Corporation (U.S.),

·         Foampartner Group (Switzerland),

·         Kaneka Corporation (Japan),

·         Arkema (France),

Packaging Foams Market Report Highlights:

·         Detailed analysis of the parent market

·         Key players' strategies and products supplied in the competitive landscape

·         Market segmentation in depth analysis

·         Market size in terms of volume and value, past, present, and future scenario

·         Potential and specialty areas, as well as geographical regions with promising growth prospects

·         Market players use this information to maintain and expand their market presence, thus it's important to have an unbiased perspective on market performance.

·         Recent advancements and technological trends in the industry