포장용 폼 시장 예측(-2030년) : 구조 유형별, 재료 유형별, 서비스 유형별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Packaging Foams Market is accounted for $18.60 billion in 2023 and is expected to reach $32.10 billion by 2030 growing at a CAGR of 8.11% during the forecast period. Packaging foams are lightweight materials designed to protect and cushion goods during transportation and handling. Composed of various polymers such as expanded polystyrene (EPS) or polyethylene (PE), these foams exhibit excellent shock absorption and thermal insulation properties. Their versatile nature allows them to conform to the shape of the packaged item, providing a secure and customized fit. Packaging foams are commonly used in industries ranging from electronics and pharmaceuticals to fragile goods shipping.

According to OICA, the total number of vehicles produced in 2021 was 80,145,988 and witnessed a growth rate of 3% compared to 2020. The Asia-Pacific region holds the highest production share in the global automotive market with 46,732,785 units in 2021.

Market Dynamics:

Driver:

Growing e-commerce industry

The growing e-commerce industry serves as a key driver due to increased demand for secure and protective packaging solutions. As online shopping continues to surge, businesses prioritize efficient and resilient packaging materials to safeguard products during transit. Packaging foams offer superior cushioning, impact resistance, and thermal insulation, ensuring the safe delivery of goods to consumers. Additionally, the lightweight nature of foams contributes to cost-effective shipping, aligning with the logistical needs of e-commerce platforms.

Restraint:

End-of-life disposal issues

Packaging foams, often made from non-biodegradable materials, contribute to long-lasting waste in landfills. The difficulty in recycling these materials and their limited capacity for decomposition raise ecological challenges. Governments and consumers alike are increasingly pushing for sustainable and eco-friendly alternatives, pressuring the packaging industry to address the environmental impact of foam disposal. As regulations tighten and awareness grows, companies in the packaging foam market must innovate to develop more environmentally friendly options to mitigate the adverse effects on the environment.

Opportunity:

Temperature-controlled packaging

Temperature-controlled packaging within the packaging foam market presents a significant opportunity by addressing the growing demand for reliable and efficient solutions in the transportation of temperature-sensitive goods. With the rising importance of pharmaceuticals, biotechnology products, and perishable foods, packaging foams that offer thermal insulation play a crucial role in maintaining the desired temperature during transit. This niche market caters to industries requiring precise temperature control to ensure product integrity. Additionally, the adoption of advanced insulation materials and innovative designs in packaging foams enhances their insulation properties, making them essential for the safe and effective shipment of temperature-sensitive items.

Threat:

Health and safety concerns

The packaging foam market faces health and safety concerns primarily due to the environmental impact of certain foam materials. Some foam packaging products may contain harmful chemicals or pose risks of off-gassing, which can potentially impact human health. Additionally, improper disposal of foam packaging contributes to environmental pollution, as certain foams are not biodegradable. Workers involved in the manufacturing process may also face occupational health risks associated with exposure to certain chemicals used in foam production. The increased awareness of these issues among consumers and regulatory bodies poses a threat to the packaging foam market, urging the industry to adopt more sustainable and health-conscious alternatives to address these concerns.

Covid-19 Impact:

With an increased focus on hygiene and safety, there has been a surge in demand for packaging materials, especially those offering protective qualities. Packaging foams, known for their cushioning and insulation properties, have witnessed heightened demand, particularly in the e-commerce and healthcare sectors. The pandemic-driven rise in online shopping and the need for secure medical packaging have fuelled this trend. However, disruptions in the supply chain, fluctuating raw material costs, and economic uncertainties have also posed challenges to the packaging foam industry, requiring adaptability and innovation to navigate these unprecedented conditions.

The protective packaging segment is expected to be the largest during the forecast period

The protective packaging segment in the packaging foam market has witnessed robust growth due to increasing demand for secure and damage-resistant packaging solutions. This growth is primarily driven by the expanding e-commerce sector and heightened awareness about product safety during transit. Packaging foams, with their excellent cushioning properties, offer effective protection against shocks and vibrations, reducing the risk of product damage. Additionally, the rise in online retail and the need for sustainable packaging solutions have further fueled the adoption of protective foams.

The medical and pharmaceutical segment is expected to have the highest CAGR during the forecast period

The medical and pharmaceutical segment is experiencing significant growth in the packaging foam market due to heightened emphasis on product safety and efficacy. The demand for specialized foam packaging solutions has surged, driven by the need for secure and protective packaging of sensitive medical devices, pharmaceuticals, and healthcare products. Packaging foams offer excellent cushioning properties, ensuring the integrity of these delicate items during transportation and storage. Additionally, the growing prevalence of online pharmaceutical retailing has further propelled the adoption of packaging foams to safeguard products in transit.

Region with largest share:

The North American region has experienced notable growth in the packaging foam market due to several factors. Increasing demand for sustainable and lightweight packaging solutions has driven the adoption of foam materials. The expanding e-commerce sector has boosted the need for effective protective packaging, further propelling the market. Advancements in foam manufacturing technologies and the emphasis on product innovation have also contributed to the region's packaging foam market growth. Moreover, the rising preference for convenience and the surge in online shopping activities are expected to sustain the positive momentum in the North American packaging foam market.

Region with highest CAGR:

The Asia-Pacific region has witnessed robust growth in the packaging foam market, driven by escalating demand across diverse industries. Rising e-commerce activities, coupled with a surge in consumer goods packaging, have fueled the adoption of packaging foams. The region's expanding manufacturing sector and increased focus on sustainable packaging solutions have further propelled market growth. Additionally, the burgeoning middle-class population and urbanization in key economies are key factors augmenting the demand for packaged goods, thereby boosting the market in the Asia-Pacific region.

Key players in the market

Some of the key players in Packaging Foams market include Armacell, Atlas Roofing Corporation, Borealis AG, Drew Foam, Foamcraft Inc., Huntington Solutions, Recticel, Sealed Air, Williams Foam and Zotefoams PLC.

Key Developments:

In July 2023, Austria-based advanced polyolefin solutions provider Borealis has announced it has signed an agreement to acquire Italian recycled polypropylene (PP) compounds producer Rialti. According to Borealis, the acquisition of Rialti will help it address the growing demands of its customers for sustainable solutions through the addition of Rialti's 50,000 tonnes of recycled compounding capacity. It will further help the company in strengthening its existing circular economy portfolio.

In November 2023, Sealed Air has announced the launch of a new automated packaging system for liquids - the CRYOVAC Brand 308A CE Vertical Form-Fill-Seal System. This system can accommodate packages weighing up to 2 kg in either one or two phases. The solution is the perfect choice for smaller and medium-sized processors or food services, offering a compact footprint and a squeeze roller system.

Structure Types Covered:

• Flexible Foam
• Rigid Foam

Material Types Covered:

• Polystyrene (PS)
• Polyurethane Foam (PU)
• Polyolefin Foam (PO)
• Polyvinylidene Fluoride (PVDF)
• Polyvinyl chloride (PVC)
• Other Material Types

Service Types Covered:

• Food Service
• Protective Packaging

End Users Covered:

• Consumer Packaging
• Automotive
• Aerospace and Defense
• Personal Care
• Food and Beverages
• Medical and Pharmaceutical
• Electrical and Electronics
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Packaging Foams Market, By Structure Type

• 5.1 Introduction
• 5.2 Flexible Foam
• 5.3 Rigid Foam

6 Global Packaging Foams Market, By Material Type

• 6.1 Introduction
• 6.2 Polystyrene (PS)
• 6.3 Polyurethane Foam (PU)
• 6.4 Polyolefin Foam (PO)
• 6.5 Polyvinylidene Fluoride (PVDF)
• 6.6 Polyvinyl chloride (PVC)
• 6.7 Other Material Types

7 Global Packaging Foams Market, By Service Type

• 7.1 Introduction
• 7.2 Food Service
• 7.3 Protective Packaging

8 Global Packaging Foams Market, By End User

• 8.1 Introduction
• 8.2 Consumer Packaging
• 8.3 Automotive
• 8.4 Aerospace and Defense
• 8.5 Personal Care
• 8.6 Food and Beverages
• 8.7 Medical and Pharmaceutical
• 8.8 Electrical and Electronics
• 8.9 Other End Users

9 Global Packaging Foams Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Armacell
• 11.2 Atlas Roofing Corporation
• 11.3 Borealis AG
• 11.4 Drew Foam
• 11.5 Foamcraft Inc.
• 11.6 Huntington Solutions
• 11.7 Recticel
• 11.8 Sealed Air
• 11.9 Williams Foam
• 11.10 Zotefoams PLC