Compostable Particle Foam Market Size, Analysis, and Forecast Report 2025
Compostable Particle Foam: Market Dynamics
Increasing price and reducing availability of fossil resources has resulted in uptake of the alternative green options and environmentally sustainable products across industries which demand novel solutions over non-compostable and non-degradable products. There is a major shift in awareness towards environment conservation; industries, institutions and even consumers are looking for the use of eco-friendly products. Changing trends and awareness about well-being of environment is one of the major factors for the growth of compostable particle foam market.
Various governments have formulated regulations and policies aiming at safe disposal and recycling initiatives of materials. Use of environment friendly products is also an initiative in various corporate social responsibility programs run by numerous public and private limited companies which have positively influenced manufacturers to use the compostable particle foam material.
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The macroeconomic growth of the packaging industry is one of the prime factors which is affecting the demand for compostable particle foam across the globe. Owing to the high-end product properties of compostable particle foam, such as light-weight, good insulation, form-fitting–, compostable particle foams are increasingly being utilized in the automotive and logistics sectors as well. Development of online sales channel, retail infrastructure, transportation, and transit industries has significantly increased demand for packaging materials which has ultimately triggered consumption of compostable particle foam all over the world.
Compostable Particle Foam: Market Segmentation
Out of the many ways by which the compostable particle foam market can be segmented is based on their end-use, which segments as the following:
Other End Use Industries
Packaging is expected to remain a key end-use segment in the global compostable particle foam market throughout the forecast period.
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Compostable Particle Foam Market Participants
Examples of some of the market players and service providers identified across the value chain of compostable particle foam market are: BASF SE, Green Cell Foam, Synprodo, etc. Aligned with the global trend of sustainability, manufacturers across the globe are involved in high R&D activities to develop products which are biodegradable and do not compromise on the quality as well. Manufacturers such as BASF SE are also found to have been expanding their product offerings in order to meet with the demand from various end use industries.
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