MARKET INTRODUCTION
Foams are excellent thermal and sound insulators owing to their properties such as thermal conductivity and low density. Foam is generally produced for the petroleum derivatives. It can be flexible or rigid and produced form the various materials such as polystyrene, polyurethane, polyisocyanurate, polyvinyl chloride, polyethylene, polyethylene-vinyl acetate, polypropylene, nitrile rubber, or other polyolefins. Nearly 75 to 80% of commercial foams are made from polyurethane, polystyrene, and polyvinyl chloride. gas and Solid are mixed to form foam. The foam produced through different ways such as slab-stock by extrusion, pouring, and different forms of molding. The foam used for various purposes, including insulation, cushioning, packaging, mattress, and many other applications.
MARKET DYNAMICS
Polystyrene foam packaging is accountable for a lot of waste generation as it is expansively used in the food & beverage industry to manufacture trays, cups, etc. due to its lightweight. Furthermore, it is not degradable and may break into small pieces, which is very difficult to clean up. Terrestrial, as well as aquatic animals mistakenly consume polystyrene foams, which is potentially fatal for a number of species. As a result, several governments are banning foam packaging materials, which is hampering the market growth. For instance, New York city has an obligatory ban on single-use foam products due to the ecological waste created by it.
MARKET SCOPE
The "Global Packaging Foams Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the packaging foams with detailed market segmentation by structure type, material type, material type and service type. The global packaging foams market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading packaging foams market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global packaging foams market is segmented on the basis of structure type into flexible foam, rigid foam. On the basis of material type the packaging foams market is segmented into PS, PU, PO, and Others. Moreover, on the basis of service type the global packaging foams market is segmented into food service, protective packaging.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global packaging foams market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The packaging foams market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the packaging foams market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the packaging foams market in these regions.
MARKET PLAYERS
The reports cover key developments in the packaging foams market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from packaging foams market are anticipated to lucrative growth opportunities in the future with the rising demand for packaging foams in the global market. Below mentioned is the list of few companies engaged in the packaging foams market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the packaging foams market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ACH Foam Technologies
- Arkema
- Armacell LLC
- BASF SE
- Borealis AG
- Foampartner Group
- JSP
- Kaneka Corporation
- Recticel
- Rogers Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.