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Foam Packaging Market Trends

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

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Foam Packaging Market Trends

Polystyrene foam packaging is responsible for a lot of waste generation as it is extensively used in the food & beverages industry to manufacture cups, trays, etc. due to its light weight. Moreover, it is not degradable and may break into small pieces, which is very difficult to clean up. Aquatic as well as terrestrial animals mistakenly consume polystyrene foams, which is potentially fatal for a number of species. As a result, several governing bodies have imposed partial or total ban on foam packaging materials. For instance, New York city has imposed ban on single use foam products due to the environmental waste created by it. These increasing regulations are likely to hamper the foam packaging industry size over the stipulated time period.

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.