Derived from polystyrene, polyurthane, or polyethylene, foam is an extremely vacuum based material that renders bounce and flexibility. This makes foam an ideal packaging material. Properties such as extreme barrier resistance and cushiony support allows protective packaging for a range of fragile products such as electronics, glass, and ceramics.
Packaging foam has been used as a conventional packaging material over the years, and in recent times, packaging foam is witnessing further traction with exceptional demand spurt in end-use industries such as packaging and logistics. In this regard, online retail and the overall e-commerce boom continue to serve as substantial growth triggers.
Anti-Static Capabilities Makes Packaging Foam Ideal for Consumer Electronics Shipping
Further, with increasing disposable income and proliferating middle class population globally, specifically across emerging countries, spending capabilities have multiplied, allowing consumers to conveniently venture into online buying. Additionally, as consumer electronics is one of the fastest growing sectors, packaging foam is widely used as ideal packaging element to align with industry standards of protective packaging.
Foam based packaging has been in use since ages owing to its numerous functional benefits as well as affordability. One of the most promising packaging foam variant is expanded polystyrene which besides being used packaging also remains integral for foam based cutlery. Further, as these packaging foam variants produce no static electricity they can be conveniently used in electronic goods packaging.
Manufacturers Akin on Developing Eco-friendly Packaging Foam to Curtail Environmental Impact
Additionally, in contemporary times, when environmental sustainability is witnessing ample initiatives, foam packaging are extensively derived from renewable sources which are recyclable and biodegradable. Products such as automotive parts, furniture, glass based products are routinely wrapped in [packaging foam to ensure superlative impact resistance. Factors as such are likely to incur high returns in global packaging foam market.
Despite astonishing adoption of packaging foam across multiple industries, global packaging foam market is facing stark threats from poor recyclability scope. Therefore, novel source materials such as loose fill packaging foam which are also referred to as packaging peanuts that resemble wafer like appearance. IN this light, EcoFlo packaging foams are thoroughly biodegradable sourced from renewable materials and is known for its clean, odorless and highly antiseptic. Advances as these are poised to render million dollar growth opportunities in global packaging foam market.
Companies such as BASF continue to spark magnanimous growth in global foam packaging market owing to its stupendous R&D investments and innovations in portfolio diversification. In a recent development the company has inaugurated a novel particle that is extremely lightweight and scores high on rigidity and abrasion and temperature resistance capabilities, besides also being flame resistant. The development is likely fetch BASF with ample opportunities to remain industry specific. Besides serving multiple industries such as automotive engineering, this novel foam is likely to steer packaging foam market considerably in the coming years.
Additionally, to specifically meet stringent F&B packaging regulations, market players are diverting ample investments towards augmenting novel plant derived packaging foam that are water soluble.