Packaging Foams Market Is Expected To Account For USD 17.3 Billion By 2023Posted by sagark on November 15th, 2019 Summary Global Packaging Foams Market Challenges, Size, Key Players, Share, Trends, Analysis by Structure (Flexible Foam and Rigid Foam), by Material (Polystyrene, Polyurethane, and Others), by Service (Food Service, Protective Packaging, and Others) and by Region - Global Forecast to 2023 Packaging Foams Market Overview Packaging foams continue to be a popular packaging material. These foams have a broad range of application in the packaging sector. Market Research Future (MRFR) reports that the global packaging foams market will exhibit a sound growth over the next couple of years. This growth is likely to be buoyed by the expansion of end-used sectors in emerging economies. Packaging foams are a favoured material as they hold properties such as corrosion resistance, shock resistance, mechanical shock absorption, anti-static, etc. Packaging has become an important facet in product marketing. This, in turn, has led to an increased attention towards effective packaging. Moreover, high-value products require robust packing solution which prompting the used of best-in-class packaging materials. Such factors are influencing the global packaging foams market. Request Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/2748 Competitive Landscape Some of the leading companies functioning in the market include
Global Packaging Foams Market: Segmental Analysis The segmental analysis of Packaging Foams Market has been conducted on the basis of end-user, material type, and product type. On the basis of end-user, the market has been segmented into automotive, homecare and personal care, building and construction, food and beverage and other. On the basis of material type, the market has been segmented into Polyutherene (PU), Poly Vinyl Chloride (PVC), Polystyrene (PS) and others. On the basis of product type, the market has been segmented into rigid foam and flexible foam. The flexible foam segment is anticipated to demonstrate an impressive growth rate during the review period. This is mainly owing to the widespread application of flexible foam in the packaging industry. Characteristics such as lightweight and shock resistance makes flexible foam a sought-after material for packaging of medical, products, white goods, and other fragile commodities. The innate nature of flexible foam makes it easy to be moulded in any desired shape. Flexible foam will remain a highly preferred material for packaging a broad category of products. Packaging Foams Market: Regional Analysis Key regions discussed in MRFR’s report include Europe, North America, Latin America, Asia Pacific (APAC) and the Middle East & Africa (MEA). Among these, APAC is expected to emerge as the most attractive market for packaging foams during the forecast period. In addition, the APAC packaging foams market is projected to exhibit the highest CAGR during the forecast period. APAC is home to two of the largest consumer markets (China and India), which present lucrative growth opportunities to market. These two countries represent over one-third of the world’s population and are undergoing tremendous economic growth, which has led to higher disposable income and discretionary spending. Moreover, rapid growth of industry verticals such as F&B, electronics, pharmaceuticals among others bodes well for the packaging foams market in APAC. Europe is also viewed as a key market for packaging foams. In terms of revenue, the region is expected to make a significant contribution to the global packaging foams market during the forecast period. It has been observed that the use of packaging foam in instrumental panels, knobs, car seats among others has increased in recent years. North America is also expected to remain on the radar of market players during the forecast period. Led by the U.S., the North America packaging foams market is expected to witness a steady growth in the years to come. The packaging industry in the region is highly regulated, which influences the type of materials used in packaging. An increased inclination toward eco-friendly packaging product is likely to have an impact on the market. Access Complete Report With TOC @ https://www.marketresearchfuture.com/reports/packaging-foams-market-2748 About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Like it? Share it! More by this author |