Foam Packaging Market Share, Growth, Trends and Forecast to 2026

Global Market Insights, Inc., predicts that the global foam packaging market may exceed USD 15.7 billion by 2026. Moreover, immense applications in the food & beverage sector primarily due to its properties likely efficient thermal insulation would augment foam packaging market outlook. On this note,

The industry is poised for robust growth in the wake of advancements in the aerospace and defense sectors. Foam packaging is used due to its essential offerings like reduced packaging time, minimal damage and durability. An increase in defense expenditure by major countries such as the U.S., India, China, Japan would fuel the expansion of aerospace and defense industry over the forecast period.

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Foam packaging products are used across various industries like aerospace, defense, automotive, e-commerce and food & beverages to ensure damage-free transportation. Upsurge growth in the e-commerce sector is expected to accelerate the demand for advanced packaging solutions. The extensive use of foam packaging products in the electrical and electronics industry may fuel foam packaging market size in the forthcoming years.

Reliable report suggests that, in 2018, the global defense expenditure was around $1,822 billion, a 2.6% increase compared to 2017. In addition to this, rising threats of terrorism and cross border disputes has encouraged countries to increase their defense spending. With this, studies suggest that the aerospace and defense sector would record over 4.3% CAGR by 2026, thereby offering considerably impetus to global foam packaging market.

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Apart from the defense sector, the medical & pharmaceutical industry is also extensively utilizing packaging foam for numerous applications. The foam packaging market is anticipated to accrue over 4% CAGR over the forecast period, generating lucrative growth opportunities for foam packaging market.

As per material type, the market is segmented into polyvinyl chloride, polyurethane, and polystyrene. Polyurethane is largely used in personal care and consumer electronics industries owing to its low cost compared to its counterparts. Giving to growing use, it is projected that the polyurethane foam packaging market may amass 4.1% CAGR in the forthcoming years.

Meanwhile, flexible foam is turning out to be a preferred packaging option for medical equipment, electronics, personal care and automotive industry due to its anti-static feature. In 2018, flexible foam was a major product segment with a 55% market share.

In terms of geographical share, Middle East and Africa has accounted for over 10% of the foam packaging market in 2018. It is expected that the regional market may register 4% CAGR over the forecast period. Growth in the food and beverage, customer packaging, automotive and electronics industry would supplement the MEA foam packaging market size. The Gulf Food Outlook meanwhile suggests that the Middle East and Africa soft drink market may record CAGR of 4.9% while the hot drinks segment would attain 5.7% CAGR.

Partial Chapter of the Table of Content:

Chapter 3. Foam Packaging Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2015 – 2026
3.3. Industry ecosystem analysis
3.3.1. Manufacturing trends
3.3.2. Profit margin
3.3.3. Value addition
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.3.5.1. List of key manufacturers/distributors
3.3.5.2. List of key/potential customers
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Production process
3.4.3. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Global drivers
3.5.1.1.1. Rapidly growing electrical and electronics industry across the globe
3.5.1.1.2. Increasing defense expenditure of major countries
3.5.1.1.3. Rising e-commerce industry
3.5.1.2. Regional drivers
3.5.1.2.1. Increasing automotive production in China
3.5.1.2.2. Asian healthcare industry growth
3.5.2. Industry pitfalls & challenges
3.5.2.1. Environmental hazardous nature of the product
3.5.2.2. Increasing regulations on product usage in some countries
3.5.2.3. Availability of the substitute
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Growth potential analysis
3.8. Regional price trends
3.8.1. Cost structure analysis
3.8.1.1. R&D cost
3.8.1.2. Manufacturing & equipment cost
3.8.1.3. Raw material cost
3.8.1.4. Distribution cost
3.8.1.5. Operating cost
3.8.1.6. Miscellaneous cost
3.8.2. Price by product
3.8.3. Price by material
3.8.4. Price by industry
3.9. Competitive landscape, 2018
3.9.1. Company market share analysis, 2018
3.9.2. Brand analysis
3.9.3. Key stakeholders
3.9.4. Strategic dashboard
3.10. Porter’s analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. PESTEL analysis

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On a global scale, the foam packaging market comprises of key market players such as Smurfit Kappa, BASF, UFP Technologies, SABIC, Armacell, Foam Partner and Greiner. Companies operating in this sector are actively engaged in mergers & acquisitions as well as engaging new product development strategies to tap a major market share.

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