Expanded Polyethylene Foam Market to procure substantial returns from Packaging industry | Vendors are Kaneka, Sonoco, Rhyno foams, Pregis

Expanded Polyethylene Foam Market in packaging sector is likely to garner a significant growth over the forecast timeframe. EPE is widely used in packaging industry for dust covers, corner pads, customized foam packaging buffers, anti-static packaging covers, fragile item packaging, etc. Apart from that, EPE is also used in the packaging of machinery, electronics and consumer durables. Global packaging industry is growing at a high rate, chiefly driven by the growing many end-use industries including pharmaceutical, FMCG, food processing, etc. and the escalating demand of packaging in the emerging economies such as China, India, Brazil, Russia etc.

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Asia is the fastest growing packaging market owing to high packaging consumption led by China and India. The augmented packaging consumption can be attributed to the increasing spending power, growing populations, and a swift change in preference to packaged consumer goods from the traditional markets, especially in the e-commerce and food segment. China and India combinedly will have majority of the share in the growth of the global packaging consumption by 2022. The growth of global packaging industry will prosper the expanded polyethylene foam market demand in near future.

Global expanded polyethylene foam market is segmented based on product type, application and region. Based on product type, the market is segmented into coils & rolls, sheet and others which include planks, customized shapes, etc. EPE sheets have excellent heat insulation, water proofing tendency, buoyancy, etc. which will result in the significant market share of the segment. Additioanlly, strong growth in flexible packaging sector on account of rapidly growing package food and consumer durables will positively influence the overall expanded polyethylene foam market size over the forecast timeframe.

Based on application, expanded polyethylene foam market is segmented into packaging, insulation, construction, automotive and others which include sports and miscellaneous applications such as carpet underlays, bag linings, shoes, etc. Insulation application segment will have significant market share owing to the extensive usage of product for insulation of split or window AC, AC ducting, industrial chillers, air handling units, etc.

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Some of the key market players in expanded polyethylene foam market are Kaneka, Sonoco, Rhyno foams, Pregis, Sansheng, Wuxi Huitong, Sing Home Polyfoam, Supreme Industries Limited, etc.

Expanded Polyethylene Foam Market, By Product, 2014-2025

1. Coil
2. Sheet
3. Others

Expanded Polyethylene Foam Market, By Application, 2014-2025

1. Packaging
2. Insulation
3. Automotive
4. Construction
5. Others

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