Foam Packaging Inserts Market Share, Development by Companies Outlook, Growth Prospects and Key Opportunities by 2027
VALLEY COTTAGE, N.Y. – Global Foam Packaging Inserts – Market Overview
Foam packaging inserts ensure damage-free transportation. Foam packaging inserts are used in various industries including food & beverages, electrical & electronics, automotive, military applications, industrial, healthcare among others. By material type foam packaging inserts can be characterized as polystyrene, polyurethane, polyethylene, expanded polystyrene (EPS), and others. Foam packaging inserts are also used in the luxury goods packaging. The market for foam packaging inserts is expected to rise with the increasing protective packaging market. Protective packaging ensures the protection of the product and along with this it provides attractive packaging.
Global Foam Packaging Inserts – Market Dynamics
The global market for foam packaging inserts is anticipated to grow on the backdrop of the shipping and logistics industry growth, during the forecast period. Foam packaging inserts are extensively used in electrical & electronics, and automotive industry for the protective packaging of fragile products.
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Also, there has been an increasing growth of e-commerce in developing countries. Countries such as India and China have witnessed growth in per capita expenditure on online shopping. Therefore, a significant share of revenue is expected to be contributed by e-retail. The key driver for the growth of the global foam packaging market is the extensive use of foam packaging inserts in the electronics industry. Majority of the products require protective packaging such as mobile phone & accessories, T.V., laptops, etc. These factors are expected to contribute to the growth of the global foam packaging market during the forecast period.
Despite the positive outlook, there are some factors which might hamper the growth of the global foam packaging market during the forecast period. The availability of alternate protective packaging solutions such as corrugated inserts, molded fiber pulp protective packaging, paper cushioning, and bubble wraps etc.
Global Foam Packaging Inserts – Market Segmentation
The global market for foam packaging inserts is segmented on the basis of material type, and on the basis of end-use industry.
On the basis of material type, the global foam packaging inserts market is segmented as follows:
- Expanded Polystyrene (EPS)
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By material type, the market for foam packaging inserts has been segmented as polystyrene, polyethylene, EPS, polyurethane, etc.
On the basis of end-use industry, the global foam packaging inserts market is used in:
- Food & beverages
- Electrical & Electronics
The segmentation of the global foam packaging inserts market is characterized by end-use industry and by material type. By end use industry, foam packaging inserts are mainly used in the packaging of the electronic gadgets such as mobile phones & accessories, laptops, T.V., etc. Along with electronics industry, foam packaging inserts are used in packaging of the premium class of wine and whiskey.
Global Foam Packaging Inserts Market – Regional Outlook
Geographically, the global foam packaging inserts market has been segmented into seven key regions as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa and Japan.
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The North America foam packaging inserts market is expected to spearhead the global foam packaging inserts market during the forecast period. The APEJ foam packaging inserts market is expected to dominate the global market for foam packaging inserts during the forecast period.
Global Foam Packaging Inserts Market – Key Players
Some of the key players operating in the global foam packaging inserts market are Polyformes Foam Solutions, Williams Foam, UFP Technologies, Barco Sales & Manufacturing, Inc., Synergy Packaging Solutions, Victory Foam, Tucson Container Corp., Engineered Components
& Packaging, LLC, American Foam Products etc. Many small and regional players are expected to contribute to the global foam packaging inserts market.
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