Published on : Feb 19, 2018
Albany, New York, February 19, 2018: Today, foam packaging is one of the most preferred packaging type which has been used widely throughout the world for shipping goods in. The rising need to eliminate incidences of physical damages caused to a package during the shipping process has propelled the demand for foam protective packaging solutions. Recently, a study titled “Foam Protective Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026” has been broadcasted to the mega-repository of Market Research Hub (MRH), offering readers a clear perspective of the market current scenario as well as future growth prospects until 2026. To interpret market size estimations, metrics such as Year-on-Year (Y-o-Y) growth rates and compound annual growth rate (CAGR) have been used.
Presently, transport businesses across the globe are actively motivating manufacturers to use foam for providing protective packaging to their goods. Looking to the wide demand, analyst anticipated that during the forecast period of 2017-2026, the global foam protective packaging market will enlarge at a sluggish CAGR of 3.2%, and reach a valuation US$ 5.3 Bn in global revenues by the end of 2026.
This 170-pages study begins with a brief overview of the foam protective packaging market with a prime focus on regions such as Europe, Asia Pacific excluding Japan, North America, Latin America, Japan and the Middle East and Africa. The market overview section of the report also showcases the market dynamics and trends such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. It also includes details of the competitive scenario of the market by briefing profiles of key vendors functioning in the global market for foam protective packaging and their progress so far. For a clear understanding, the market has been briefly analyzed on the basis of following segments, such as material-type, end-user industry, application, and region.
Major highlights from the market segmentation include-
- It has been analyzed that the demand for foam protective packaging products made of urethane materials will be the highest. By the end of 2026, urethane-based foam protective packaging products will bring in revenues worth over US$ 2 Bn.
- E-commerce will be the major and lucrative end-use industry in the global foam protective packaging market through 2026.
- Major applications include wrapping, cushioning, insulation, blocking and bracing, void fill and wrapping. Of these, void fill and cushioning applications will collectively bring higher revenues in the global market.
- On the basis of geographical analysis, the most lucrative marketplace for foam protective packaging is observed to the Asia-Pacific excluding Japan (APEJ) region.
Some of the key players profiled in the study include DRB Packaging, Sonoco Products Company, Rogers Foam Corporation, Plastifoam Company, Tucson Container Corporation, Pregis Corporation, Sealed Air Corporation, Volk Packaging Corporation, Wisconsin Foam Products, and Armstrong Brands, Inc.
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