Press release
Packaging Foams Market Projected to Reach $17.21 Billion at 6.09% CAGR to 2022
The packaging foams market is projected to reach USD 17.21 billion by 2022, at a CAGR of 6.09% from 2017 to 2022.The packaging foams market is mainly driven by the increased online shopping of products. Technological advancements in packaging and transportation techniques is also increasing the use of foams. However, volatility in raw material prices affects the cost structure of the products can restrain the packaging foams market growth.
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Key companies profiled in this market research report include Armacell (Germany), JSP (Japan), Zotefoams Plc. (U.K.), BASF (Germany), Sealed Air Corporation (U.S.), Synthos SA (Poland), Rogers Corporation (U.S.), Kaneka Corporation (Japan), Arkema (France), Total (France), Recticel (Belgium), and Foampartner Group (Switzerland).
Key Target Audience:
• Packaging Foams Manufacturers
• Raw Material Suppliers
• Traders, Distributors, and Suppliers of Packaging Foams
• Regional Manufacturers’ Associations and General Packaging Foams Associations
• Government & Regional Agencies and Research Organizations
• Investment Research Firms
Scope of the Report:
This research report categorizes the packaging foams market based on structure type, material type, service type, and region.
Based on Structure Type:
• Flexible Foam
• Rigid Foam
Based on Material Type:
• PS
• PU
• PO
• Others (PVDF and PVC)
Based on Service Type:
• Food Service
• Protective Packaging
Flexible and rigid are the two main structure type of packaging foams. The flexible foams segment accounted for a larger share of the packaging foams market in terms of value in 2016. Flexible foam such as PE foam, sub-type of PO foam and PU foam material is recommended for high-value products of over 10 kilograms; this material also helps in the production of cost-effective cartons, thereby reducing shipping costs.
Browse complete report on “Packaging Foams Market” by Structure Type (Flexible, Rigid), Material Type (PS, PU, PO), Service Type (Food Service, Protective Packaging), and Region - Global Forecast to 2022
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Breakup of primary interviews:
• By Company Type - Tier 1 – 35%, Tier 2 – 30%, and Tier 3 – 35%
• By Designation - C Level – 45%, D Level – 33%, and Others – 22%
• By Region - North America – 28%, Europe – 22%, Asia-Pacific – 20%, South America - 13%, and Middle East & Africa – 17%
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The packaging foams market in Asia-Pacific is anticipated to witness significant growth during the forecast period, owing to availability of inexpensive raw materials, low cost of production, and ability to cater to the local emerging market. In addition, increased demand for premium and better-quality products has contributed to the growth of the packaging foams market in this region.
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