Packaging Foams Market Is Expected To Grow At A CAGR Of 6% By 2023

Market Highlights:
Foam is made up by mixing air and liquid together. Foam packaging is widely used in electronics, toys and others so as to protect the products. It can be used repeatedly and is less expensive than other form of packaging. The major factors that are responsible for the growth of this market are innovation in packaging technology, transportation technique and increase in the demand of online shopping worldwide. The increase in the demand of online packaging have led to the increase in the usage of packaging foam which have resulted in the growth of this market.

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Key Players:
• Armacell (Germany)
• JSP (Japan)
• Zotefoams Plc. (U.K.)
• BASF SE (Germany)
• Sealed Air Corporation (U.S.)
• Synthos SA (Poland)
• Rogers Corporation (U.S.)
• Kaneka Corporation (Japan)
• Arkema (France)
• Foampartner Group (Switzerland).

Market Research Analysis:
Asia-Pacific region is expected to dominate the market during the forecast period due to easy availability of raw material. The increase in the investment have led to the growth of packaging industry, ultimately resulting in the growth of this market. In China, India, Indonesia, and Thailand there is an increase in the online shopping due to which there is an increase in the usage of packaging foams. This will led to the growth of this market in this region. The ability to carter the mower market and the lower production cost have also led to the growth of this market.

Scope of the Report:
This study provides an overview of the global packaging foam market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global packaging foams market by lock type, by vehicle type, by application, and by region.

By Structure
• Flexible Foam
• Rigid Foam

By Material
• Polystyrene
• Polyurethane
• Others

By Service
• Food Service
• Protective Packaging
• Others

By Region
• North America
• Europe
• Asia-Pacific
• ROW

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This release was published on openPR.