Global foam protective packaging market is expected to grow at a compound annual growth rate of 3.44% to reach a market size of US$8,704.218 million by 2024 from US$7,100.501 million in 2018. The increasing requirement for transportation and storage of products owing to the growing e-commerce and logistics industry is expected to drive the market for foam protective packaging. Further, growing demand for electronics due to rising disposable income in various regions is anticipated to fuel the market growth. Additionally, focus on safe packaging of products which are prone to breakage is also expected to be a key factor boosting the foam protective packing market during the forecast period. However, mounting concerns over recycling and reusing of foam is expected to hamper the market growth.
DRIVERS
Rising e-commerce and logistics sector.
Growing electronics industry.
RESTRAINTS
Rising environmental concerns regarding recycling of foam.
The major players profiled in the foam protective packaging market include
DRB Packaging, SonocProducts Company, Armstrong Brands Inc., Plastifoam Company, Pregis Corporation, Tucson Container Corp., Volk Packaging Corporation, Rogers Foam Corporation, Wisconsin foam products, UFP Technologies Inc., Total Pack, Sealed Air Corporation.
Foam Protective Packaging Market Scope:
| Report Metric |
Details |
| Market size value in 2018 |
US$7,100.501 million |
| Market size value in 2024 |
US$8,704.218 million |
| Growth Rate |
CAGR of 3.44% from 2018 to 2024 |
| Base year |
2018 |
| Forecast period |
2019–2024 |
| Forecast Unit (Value) |
USD Million |
| Segments covered |
Material Type, Application, End Use, And Geography |
| Regions covered |
North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies covered |
DRB Packaging, Sonoco Products Company, Armstrong Brands Inc., Pregis Corporation, Tucson Container Corp., Volk Packaging Corporation, Rogers Foam Corporation, Wisconsin foam products, UFP Technologies Inc., Total Pack, Sealed Air Corporation |
| Customization scope |
Free report customization with purchase |
Segmentation
The foam protective packaging market has been analyzed through the following segments:
By Material Type
Polystyrene
Polystyrene
Polyethylene
Neoprene
Urethane
By Application
Cushioning
Wrapping
Blocking
Void filling
By End Use
Electronics
Pharmaceuticals
Automotive
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
Frequently Asked Questions (FAQs)
Q1. What will be the foam protective packaging market size by 2024?
A1. The foam protective packaging market is expected to reach a total market size of US$8,704.218 million by 2024.
Q2. What is the size of global foam protective packaging market?
A2. Foam Protective Packaging market was valued at US$7,100.501 million in 2018.
Q3. What are the growth prospects for foam protective packaging market?
A3. The global foam protective packaging market is expected to grow at a CAGR of 3.44% during the forecast period.
Q4. What factors are anticipated to drive the foam protective packaging market growth?
A4. The increasing requirement for transportation and storage of products owing to the growing e-commerce and logistics industry is expected to drive the market for foam protective packaging.
Q5. Who are the major players in the foam protective packaging market?
A5. The major players profiled in the foam protective packaging market include DRB Packaging, SonocProducts Company, Armstrong Brands Inc., Plastifoam Company, Pregis Corporation, Tucson Container Corp., among others.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. FOAM PROTECTIVE PACKAGING MARKET BY MATERIAL TYPE
5.1. Polystyrene
5.2. Polystyrene
5.3. Polyethylene
5.4. Neoprene
5.5. Urethane
6. FOAM PROTECTIVE PACKAGING MARKET BY APPLICATION
6.1. Cushioning
6.2. Wrapping
6.3. Blocking
6.4. Void filling
7. FOAM PROTECTIVE PACKAGING MARKET BY END USE
7.1. Electronics
7.2. Pharmaceuticals
7.3. Automotive
7.4. Others
8. FOAM PROTECTIVE PACKAGING MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. United Kingdom
8.3.4. Spain
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. Israel
8.4.3. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. South Korea
8.5.4. India
8.5.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. DRB Packaging
10.2. Sonoco Products Company
10.3. Armstrong Brands Inc.
10.4. Pregis Corporation
10.5. Tucson Container Corp.
10.6. Volk Packaging Corporation
10.7. Rogers Foam Corporation
10.8. Wisconsin foam products
10.9. UFP Technologies Inc.
10.10. Total Pack
10.11. Sealed Air Corporation
LIST OF FIGURES
LIST OF TABLES
DRB Packaging
Sonoco Products Company
Armstrong Brands Inc.
Pregis Corporation
Tucson Container Corp.
Volk Packaging Corporation
Rogers Foam Corporation
Wisconsin foam products
UFP Technologies Inc.
Total Pack
Sealed Air Corporation
