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 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.”
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 Sealing Type:
By End Use:
By Region and Country:
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.’
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
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:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Material, Sealing Type, End Use, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.7%.
The global market is driven by several factors, including the end-use industries’ quick expansion and rising demand for flexible protective packaging.
Major global Foam Pouch Market players are Pregis LLC, Aaditya Enterprises Premier Protective Packaging, Abco Kovex, POLYTECH-Packaging GmbH, 3A Manufacturing, International Plastics Inc., Smurfit Kappa Group Plc, Zim’s Bagging Company, Novostrat Limited, Thairungrueang Foam Co., Ltd., Europur, Yashika Enterprises, Landy (Guangzhou) Plastic Products Co., Ltd, TART, Cutting Edge Converted Products, XFasten., U Pack. , Swastik Enterprises., STARPACK Overseas Private Limited.
Market growth is constrained by the high capital investment needed to deploy Foam Pouch systems.
The Europe region is expected to account for the largest market revenue share in the Global Foam Pouch market.
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