Home > Packaging > Industrial Packaging > foam packaging market
Get a free sample of Foam Packaging Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Foam Packaging Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
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.
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.
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.
The overall foam packaging market is anticipated to record a crcr of 4.2% through 2026
Flexible foam packaging market was largest product segment and accounted for close to 60% market share in 2018, says a GMI Report.
The valuation of foam packaging market in the year 2018 was USD 11.6 billion.