Foam Pouch Market

Foam Pouch Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Foam Pouch Market grew at a CAGR of 4.4% between 2017-2021 and is estimated to be US$ 473.1 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.7% and is expected to reach a valuation of US$ 748.9 Mn by 2032 end.

Throughout the projected period, foam packaging products seem to have found a place in most end-use industries. The drive to be protected from product deviations during storage and shipping among several end-use industries is projected to augment the sales of foam packaging, including foam pouches.

Market Dynamic

MARKET EXPANSION IS FACILITATED BY CHANGES IN PACKAGING DESIGN AND COMPOSITION

Foam packaging holds a key role in the success of any product. The non-toxic nature of foam pouches creates them free from contaminants and easy to use. Cushioning offers large protection for delicate products. They can also be used as packaging material for foods, cosmetics, medicines, and many other products that must be protected. Beautiful packaging goes with their attractive design, such as fun colors and patterns. Consumers like customized plans since they help identify the product better than plain ones. Thus, the personalized foam pouches are more preferred among customers today.”

COVID-19 Impact

The COVID-19 pandemic has harmed the growth and expansion of Foam Pouch systems. However, it is anticipated that the growth and development of this new packaging solution will continue due to the growing number of operational projects and continuous government focus on upgrading commerce sectors globally.

Market Segments Covered in Report

By Material:

• Polyethylene
• Polyurethane
• Others (Polystyrene, Polypropylene, etc.)

By Sealing Type:

• Self-adhesive Seal
• Heat Seal

By End Use:

• Industrial
• Commercial

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is Polyethylene projected to ensure the most revenue during the forecast period?

At 60.0% of the market, Polyethylene had the greatest revenue share. Polyethylene is a versatile, lightweight, and strong material used in many industries. Polyethylene can be melted down and remolded into any shape as needed. In addition, it has a low environmental impact and is reusable, recyclable, and easier to recycle than other plastic versions on the market.

Which segment is expected to expand the fastest during the forecast period?

The foam pouches market is currently widely dominated by commercial users and has been projected to account for 53.0% of the market value by the end of 2032. This is due to the rising adoption of these pouches by retailers and wholesalers, which are used to pack products that may be at risk of damage during transit. As a result, demand for luxury goods has also evolved over the last decade, resulting in several pouch manufacturers creating customized pouch designs tailored to brand image purposes.’

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• In 2021, the Europe market held a sizeable revenue share of 22.4%. The rapid expansion of industries like automotive & electronics, rising demand for flexible packaging solutions, and easy availability of packaging pouches at lower costs are some of the reasons driving growth in the Europe market.
• The demand for electronics manufacturing has been increasing globally. The presence of multinational electronics manufacturers in Asia is expected to increase the sales of foam pouches at a steady pace over the forecast period.

Competition Analysis

Global Foam Pouch Market is highly competitive, and the key players operating in this market are focused on product innovation to gain market share. Besides this, they are adopting mergers or acquisition strategies to expand their resources and footprint worldwide.

Some of the key developments that have taken place in the Foam Pouch Market include:

• In December 2021, Products with engineering foam protection that offer cushioning performance and the capacity to meet product criteria, such as computer mainframes, laptops, and displays, as well as manufacturing equipment, were announced by Pregis LLC.
• In February 2022, Sustainalytics recognized Smurfit Kappa Group Plc as a top performer in terms of sustainability.

A list of some of the key suppliers present in the market are:

• Pregis LLC,
• Premier Protective Packaging
• Abco Kovex
• POLYTECH-Packaging GmbH
• International Plastics Inc.
• Smurfit Kappa Group Plc
• 3A Manufacturing
• Yashika Enterprises
• Aaditya Enterprises,
• Landy (Guangzhou) Plastic Products Co., Ltd
• Zim’s Bagging Company
• Novostrat Limited
• Europur
• Thairungrueang Foam Co., Ltd.
• TART
• Cutting Edge Converted Products
• Swastik Enterprises.
• U Pack.
• STARPACK Overseas Private Limited

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.