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With a linear growth pattern, the Foam
Packaging Market is expected to reach a value of USD 17,842.6 million in
2023 and grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to
2033, when it is expected to reach USD 28,877.6 million.
The expansion of the retail and e-commerce sectors is one of
the main reasons propelling the packaging foam market. The retail and
e-commerce industries' explosive growth is one of the key factors propelling
the packaging foam market. With the advent of online shopping, there is an
increasing need for protective packing materials to ensure the safe transit of
products. Excellent cushioning and shock-absorbing qualities are provided by
packaging foams, lowering the possibility of damage during travel. The demand
for packing foams is predicted to rise in response to the rise in online
shopping and the expansion of the retail sector globally.
The market is growing because of the emphasis on
environmentally friendly packaging options. The packaging business, especially
the foam section, is undergoing a change due to the increasing focus on
sustainability. A shift toward sustainable packaging foams comprised of
recyclable or biodegradable materials has resulted from growing consumer and
manufacturer concerns about the environmental impact of packaging materials.
The foams lessen waste and their carbon footprint while providing comparable
protection. The market for packaging foam is anticipated to rise in response to
consumer desire for environmentally friendly packaging options.
Experience Our
Sample Report: https://wemarketresearch.com/sample-request/foam-packaging-market/1315
Major findings drawn from consumer surveys conducted in
the foam packaging market:
1.
Customers are conscious of how foam packaging
affects the environment: Seventy-five percent of people are aware that foam
packing takes hundreds of years to degrade and is not biodegradable.
2.
Consumers express concern over foam packaging's
negative environmental effects: 65% of consumers want to see more
environmentally friendly packaging options.
3.
Customers are prepared to pay extra for
environmentally friendly packaging: According to 55% of consumers,
environmentally friendly packaging options, like those composed of compostable
or recycled materials, are acceptable.
4.
Consumers' willingness to recycle foam
packaging: According to 60% of consumers, foam packaging can be recycled,
although it can be challenging to locate recycling facilities that accept it.
Market Segmental Analysis
By Product Type
·
Flexible Foam
·
Rigid Foam
By Material Type
·
Polystyrene
·
Polyethylene
·
Polyurethane
·
polypropylene
·
Poly Vinyl Chloride
By Application
·
Inserts
·
Corner and edge protectors
·
Anti-Static ESD Foam
·
Liners
By End-User
·
Medical and Pharmaceutical
·
Food and Beverages
·
Aerospace and Defence
·
Automotive
·
Electrical and Electronic
·
Personal Care
·
Consumer Packaging
·
Others
Procure
complete report- https://wemarketresearch.com/purchase/foam-packaging-market/1315?license=single
Country Scope
North America, U.S., Canada, Mexico, Europe, U.K., Germany,
France, Italy, Spain, Russia, Asia-Pacific, Japan, China, India, Australia,
South Korea, ASEAN, Rest of APAC, South America, Brazil, Argentina, Colombia,
Rest of South America, MEA, South Africa, Saudi Arabia, UAE, Egypt.
Market Competitive Outlook
JSP Corporation, UFP Technologies Inc., Synbra Holding bv, UFP
Technologies, Armacell LLC, Tosoh Corporation, ACH Foam Technologies, FoamCraft
Packaging Inc, Hanwha Corporation, Plastifoam Company, Marko Foam Products
Inc., TotalEnergies, NCFI Polyurethanes, Huebach Corporation, Wasatch
Container, Dongshing Industry Inc., Zotefoams Plc., Borealis Arkema, Kaneka
Corporation, Recticel, Sealed Air Corporation, BASF SE, Synthos SA, amd Ohers.
Frequently Asked Questions
1.
What is the Global Foam Packaging market
value?
2.
Which are the upcoming countries within the
Foam Packaging market?
3.
Who are the key competitors of market Players?
About We
Market Research:
WE MARKET RESEARCH is an established market analytics and research
firm with a domain experience sprawling across different industries. We have
been working on multi-county market studies right from our inception. Over the
time, from our existence, we have gained laurels for our deep rooted market
studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep
cultural, conceptual and social aspects of various tangled markets has helped
us make a mark for ourselves in the industry. WE MARKET RESEARCH is a
frontrunner in helping numerous companies; both regional and international to
successfully achieve their business goals based on our in-depth market
analysis. Moreover, we are also capable of devising market strategies that
ensure guaranteed customer bases for our clients.
Contact Us:
Mr. Robbin Joseph
Corporate Sales, USA
We Market Research
USA: +1-724-618-3925
Websites: https://wemarketresearch.com/
Email: sales@wemarketresearch.com
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