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Foam Packaging Market Share

Report ID: GMI4471
Published Date: Dec 2019
Report Format: PDF

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Foam Packaging Market Share

Major multinational companies operating in the foam packaging market share are focusing on innovation and new product development to gain more customers or to retain existing ones. For instance, in June 2016, BASF extended its product portfolio with introduction of ecovio EA. It is biobased and more suitable for transport packaging. Introduction of ecovio EA will help BASF to increase its product portfolio and customer base. Apart from BASF other major companies operating in the market includes

SABIC
Armacell
UFP Technologies
Greiner
Foam Partner
Smurfit Kappa

Authors: Suraj Gujar, Sunita Singh

Frequently Asked Questions (FAQ) :

The valuation of foam packaging market in the year 2018 was USD 11.6 billion.

The overall foam packaging market is anticipated to record a crcr of 4.2% through 2026

Asia Pacific will be the largest and fastest growing region for foam packaging, which is expected to account for more than 40% share in near future owing to the high automotive, electrical & electronics production in the region.

Polyurethane foam packaging usage is likely to experience healthy growth as it provides high strength, flame retardancy and high temperature resistance required for electronics and automotive packaging.

Flexible foam packaging market was largest product segment and accounted for close to 60% market share in 2018, says a GMI Report.