August 07, 2023 08:48 ET | Source: Zion Market Research Zion Market Research
NEW YORK, United States, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Foam Protective Packaging Market By Application (Liners, Anti-Static ESD Foam, Corner & Edge Protectors, Inserts, And Others), By End User (Home & Personal Care, Consumer Electronics, Food & Beverage Industry, Construction Industry, Automobile Industry, And Others), By Product Type (Rigid And Flexible Foam), By Material Type (Polyvinyl Chloride, Polyurethane, Polystyrene, And Others), And By Region: - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2023-2030.” in its research database. Foam Equipment Packed
“According to the latest research study, the global foam protective packaging market size was worth at around USD 13.48 billion in 2022. The market is expected to grow above a CAGR of 4.77% and is anticipated to reach over USD 19.59 billion by 2030.”
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Foam Protective Packaging Market Overview:
Foam protective packaging refers to the material used to safeguard fragile or delicate items during storage and transport. This type of packaging is intended to provide impact absorption and cushioning, protecting the contents from vibrations and similar external forces. In the consumer goods, aerospace, automotive, pharmaceutical, and electronics industries, this type of packaging is prevalent.
Key Insights from Primary Research
The report contains qualitative and quantitative research on the global Foam Protective Packaging market, as well as detailed insights and development strategies employed by the leading competitors. Some of the main players in the global Foam Protective Packaging market include;
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Foam Protective Packaging Market: Growth Drivers
One of the main factors driving the high growth rate of the global foam protective packaging market is the expansion of international trade and export activities. In order to safeguard their goods during long-distance transport, businesses are adopting dependable and eco-friendly packaging methods. This environment has significantly increased the market demand for foam protective packaging. E-commerce platforms are experiencing a surge, which is contributing to the expansion of the industry. With the rise of online purchasing, the demand for trustworthy and secure packaging solutions has increased significantly.
Foam protective packaging industry expansion is likely to be constrained by the high cost of raw materials in comparison to other available options. In addition, the industry encounters competition from other sectors, such as biodegradable or paper-based substitutes, which is anticipated to slow the industry's growth in the coming years.
Foam Protective Packaging Market: Segmentation Analysis/Overview
The global foam protective packaging market can be segmented into application, end user, product type, material type, and region.
By application, the market can be segmented into liners, anti-static ESD foam, corner & edge protectors, inserts, and others. During the forecast period, the liners segment will hold the largest share of the global foam protective packaging market. In 2022, the segment captured approximately 33.7% of the total market revenue.
By end user, the market can be segmented into home & personal care, consumer electronics, food & beverage industry, construction industry, automobile industry, and others. Consumer electronics is the fastest-growing segment in the global foam protective packaging industry.
By product type, the market can be segmented into rigid and flexible foam. The flexible foaming segment is expected to dominate the global foam protective packaging market with about 70% of the total market revenue. By material type, the market can be segmented into polyvinyl chloride, polyurethane, polystyrene, and others. The polyurethane segment is expected to swipe the largest share of the foam protective packaging industry during the forecast period.
Browse Complete Report Here | Foam Protective Packaging Market By Application (Liners, Anti-Static ESD Foam, Corner & Edge Protectors, Inserts, And Others), By End User (Home & Personal Care, Consumer Electronics, Food & Beverage Industry, Construction Industry, Automobile Industry, And Others), By Product Type (Rigid And Flexible Foam), By Material Type (Polyvinyl Chloride, Polyurethane, Polystyrene, And Others), And By Region: - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2023-2030
North America accounts for the greatest portion of the foam protective packaging market due to the region's expanding commercial activities. The rise of e-commerce platforms has substantially increased the demand for secure and dependable packaging solutions to safeguard items during shipment.
Asia-Pacific is also expected to grow consistently over the forecast period as a result of the region's robust manufacturing and export activities. Numerous manufacturing industries, including consumer products, automotive, and electronics, are located in this region. Therefore, for both domestic and international exports, businesses require the most effective solutions to protect their products during transport.
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The global foam protective packaging market is segmented as follows:
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Key questions answered in this report:
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