Market research reports, consulting: Global Market Insights Inc.

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Foam Packaging Market Trends

Report ID: GMI4471 Published Date: December 2019Report 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.

Author: Suraj Gujar, Sunita Singh
Frequently Asked Question(FAQ) :

What properties of polyurethane foam give it an edge over other packaging materials?+

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.

How much market share will Asia Pacific hold in foam packaging demand?+

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.

What is the anticipated growth for the foam packaging industry over the forecast duration?+

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

How much market share of the overall industry did flexible foam packaging earn in 2018?+

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

How much did the global foam packaging market size account for in 2018?+

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

Foam Packaging Market Scope

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