Foam Bottle Technology Market Analysis, Forecast, and Assessment 2017-2027
Packaging manufacturers across the global face issues from international regulatory authorities with regards to use of plastic resin. To tackle it, packaging manufacturers with the assistance of advanced technology has reduced the need for chemical resins. One such form of packaging, which is predominantly used in the packaging industry is the use of foam bottle technology product. Foam bottle technology reduces the need for resin used for production by 15% creating a bubbles structure of honeycomb which is lighter in weight but rigid. Foam bottle technology is an innovative form of packaging which is suitable for liquid aseptic packaging products. Foam bottle technology market is greatly driven by packaging cosmetic and beverage market. Foam bottle technology is made from either of the one form of material which are biodegradable foam, starch foam and synthetic foam. Global foam bottle technology market is dominated by synthetic foam as it offers cost advantage and flexibility in structure as compared to other forms of foam bottle technology packaging. But recently an observing trend of the growth for foam bottle market is being seen from biodegradable and starch foam with regards to increase in awareness of sustainable packaging.
The end use industry sector such as beverage and the cosmetic market is estimated to witness a double-digit growth rate in the next five years and it is expected to accelerate the demand for foam bottle technology product. ASEAN is among the leading representative countries which are hastening the demand for foam bottle technology market which is expected to witness a sustainable growth during the projected period.
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Global Foam Bottle Technology Market - Market Dynamics:
One of the driving trends for foam bottle technology is the use of CFC free foam and monolayer resin material which is convenient to use due to its smoother inner and outer wall surface. Also, multinational cosmetic distributors and manufacturers such as the Procter & Gamble Company, Unilever prefer foam bottle technology packaging products which reduce the logistical cost due to its lightweight feature. Moreover, foam bottle technology uses recyclable material which is increasingly favoured by packaging manufacturers across the globe.
On the flip side, packaging manufacturer’s based in countries of U.K., U.S., Rwanda, and Germany are facing issues with regards to the use of polymer material and the post-manufacturing process of plastic packaging products.
Global Foam Bottle Technology Market - Market Segmentation:
By material type, global foam bottle technology market is segmented into polyurethane, polyethylene terephthalate (PET), polylactic (PLA), polyethylene naphthalene (PEN), others. By end use industry, global foam bottle technology market is segmented into food & beverage, personal & cosmetic, pharmaceutical and healthcare and others. By technology type, global foam bottle technology market is segmented into extrusion moulding technology, blow moulding technology and others.
Global Foam Bottle Technology Market - Regional Outlook:
Asia Pacific excluding Japan (APEJ)
Middle East & Africa (MEA)
The global foam bottle technology market is largely expected to witness a growth in the region of APEJ, Europe and North America. Germany and Italy are among the major countries which are preferring foam bottle technology. Rising demand in cosmetic products across ASEAN market is fuelling the demand for foam bottle technology market. Various neighbouring packaging countries such as India, China, Australia and New Zealand are executing the ASEAN countries cosmetic packaging demand.
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Foam Bottle Technology Market – Key Players:
Some of the key players operating in the global Foam Bottle Technology market include Jebsen & Jessen Packaging, INOAC USA, Inc., Alpla, Plastic Technologies, Inc.
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