The latest intelligence report published by Report Ocean, titled “Global Packaging Foam Market 2023: Increase in Demand and Opportunities,” offers valuable insights into the industry. The report provides a comprehensive analysis of research and information from various sources, empowering decision-makers worldwide to make a significant impact on the global economy. With a dynamic vision of the market size, statistics, and competitive landscape, the report presents a complete overview of the industry. It covers future trends, growth factors, consumption, production volume, CAGR value, opinions, profit margin, pricing, and industry-validated market data. This report assists individuals and market competitors in predicting future profitability and making crucial decisions for business growth.
Packaging Foam Market – Global Drivers, Restraints, Opportunities, Trends & Forecast up to 2025. Polymers are being used in almost all aspects of our daily life. Few of these polymers are either
extruded or expanded to create foamed structure, to be used in various applications.
To Get More Business Strategies For Request Sample Report: https://www.reportocean.com/industry-verticals/sample-request?report_id=IR420
Large volumes of these polymer foams are used in packaging applications in various industries. These
foamed materials are so widely used that these can be easily seen in the packaging of fast food
chains or as a cushion in refrigerator/washing machine packaging or protective support in the
laptop packaging among many other areas.
Polyurethane is the most used material for packaging foam, although polystyrene foam is most
visible to consumers. Globally, polystyrene foam follows the polyurethane foam, which is
expected to extend the lead given resistance faced by polystyrene foam from regulatory bodies
across the globe. Among major regulatory challenges the polystyrene market must face are the
circular economy package by the European Union and restaurant food packaging ban in few
states in the US. These challenges are expected to slow the growth of the polystyrene packaging
foam market, although the growth in developing countries is expected to remain strong.
The automotive industry, along with food & beverage and electrical & electronics, are expected
to remain the key end-user segments for packaging foam. Collectively, these three segments are
expected to keep contributing around two-third of the global market, even though the share for
the food & beverage segment is expected to decline with segment hardly maintaining demand in
Europe and North America.
The study of the packaging foam market provides the market size information and market
trends along with the factors and parameters impacting it in both the short- and long-term. The
study also covers the competitive scenario of the market, major players with their branding
strategies, and differentiating factors among others. The study ensures a 360° view, bringing out
the complete key insights of the competitive industry. These insights are intended to help the
business decision-makers to make better business plans and informed decisions for the future
growth. In addition, the study helps venture capitalists in understanding the companies better
and take informed decisions.
To Get More Business Strategies For Request Sample Report: https://www.reportocean.com/industry-verticals/sample-request?report_id=IR420
According to Report Ocean Research, the packaging foam market is expected to grow at a CAGR of
4.8% during the forecast period 2019-2025 to reach a value of $22.43 billion by 2025. The
flexible packaging foam is expected to remain the more preferred type, while the polyurethane
category will continue to lead the material segment within the packaging foam market. The
supplier side for the packaging foam products is expected to remain competitive with
fragmented competitive coverage and all the companies competing for limited market
opportunities. Few of the prominent players in the packaging foam market are Atlas Roofing
Corporation, Armacell, BASF SE, Borealis AG, Dart Containers Corporation, FoamPartner Group,
JSP, Kaneka Corporation, Sealed Air, Wisconsin Foam Products, and Zotefoams.
Report Scope:
? Type
o Flexible
o Rigid
? Materials
o Polystyrene
o Polyurethane
? Polyether Polyurethane
? Polyester Polyurethane
o Polyolefins
? Expanded Polyolefins
? Cross-linked Polyolefins
o Others (such as polyvinyl chloride)
? End-users
o Food & Beverages
o Automotive
o Electrical & Electronics
o Consumer Durables
o Logistics
o Medical & Personal Care
o Others
? Geographies
o Asia Pacific
o North America
o Europe
o Latin America
o Middle East & Africa
? Industry outlook: market trends and drivers, restraints, and opportunities
Request full Report :– https://www.reportocean.com/industry-verticals/sample-request?report_id=IR420
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1 888 212 3539 (US – TOLL FREE)
Website: https://reportocean.com