Logistics and transportation, e-commerce, and F&B industries to continue propelling global packaging foam market. Driven by extreme manufacturing ventures and tremendous industrialization the packaging foam market is expected to witness astral growth in forthcoming years. Packaging foam witnesses greater adoption owing to stark industry preferences for protective packaging. In recent years protective packaging is growing exponentially on the back of proliferated logistics demands. Besides bubble wrap, packaging foam finds ample applications in protective packaging owing to numerous functional attributes.
Packaging foam is noted for its extreme lightweight built, backed by mini
Logistics and transportation, e-commerce, and F&B industries to continue propelling global packaging foam market. Driven by extreme manufacturing ventures and tremendous industrialization the packaging foam market is expected to witness astral growth in forthcoming years. Packaging foam witnesses greater adoption owing to stark industry preferences for protective packaging. In recent years protective packaging is growing exponentially on the back of proliferated logistics demands. Besides bubble wrap, packaging foam finds ample applications in protective packaging owing to numerous functional attributes.
Packaging foam is noted for its extreme lightweight built, backed by miniature air bubbles within the foam that lends ample cushioning, thus superlative impact resistance. Besides high end protection, packaging foam is usually dust and abrasion free, thus offering superlative barriers against sudden fall or dents.
Foam essentially is made from diverse materials such as polystyrene, polyurethane, and polyethylene and is valued for its versatile bounce and flexibility that make it ideal as a packaging component across end-use applications which are fragile. Foam, besides its characteristic features is also denoted for a range of other benefits. Packaging foam offers clean and soft packaging, besides being extremely cost efficient owing to its lightweight structure that curbs shipping costs. Additionally, recyclability
Furniture and Consumer Electronics Industries Remain Core End-Use Applications for Packaging Foam
In recent times, packaging foam has become synonymous with protective packaging for a range of end-use products such as wood, glass, and metal that display high risks of scratches and dents. Additionally, unlike bubble wrap, foam packaging is also ideal for electrical goods shipment owing to its negligible static current. Further, benefits such as puncture resistance and optimum bounce allows foam packaging to aesthetically fit in protective packaging gamut.
On the back of tremendous demands for consumer electronics in recent years, packaging foam market is expected to remain overtly remunerative. Further, packaging foam aligning with end-use industry demands are available in a myriad types and shapes such as wraps, sheets, and rolls for customized utility. Additionally, packaging foam is more lightweight built and thinner in thickness that allows greater flexibility to pack objects of uneven shapes and dimensions, also accommodating bulk material as opposed to bubble wrap.
APAC Remains Atop Growth Curve with Promising End-Use Industry and Affordable Raw Material
APAC remains lucrative raw material source, thus continuing its relentless progress as the most lucrative regional hub in global packaging foam market. However, matured economies such as Europe and North America to still remain prominent growth hubs as the regions boast of tremendous market potential on the back of industry behemoths rooted in the regions. Additionally, improved mindfulness amongst end-use industries significantly orchestrates this upward growth map in global packaging foam market.
Scanty Recyclability Scope to Dampen Growth in Global Packaging Foam Market
However, despite ample benefits, packaging foam market is witnessing significant growth hiccups due to inadequate recycling activities that add to landfills. Though packaging foam make up for less than one percent of landfill volume, it significantly adds up to the total space occupied, large because of its light weight built. The repurposing value of styrene is limited especially in F&B packaging. Therefore, requisite initiatives for remolding and repurposing packaging foam are still in infancy, as opposed to other recyclable materials such as glass, steel and the like. Therefore, scope for recyclability of packaging foam is a significant growth barrier, demanding utmost attention.
Massive R&D Initiatives Underway to Develop New Packaging Foam from Biodegradable Sources
In recent years, countries such as the US is harping for minimal adoption of packaging foam in F&B industry to reduce environmental pollution. Several R&D expeditions are underway to offer accurate diversification to conventionally used packaging foam. A recent report affirmed the initiatives from Washington State University to develop highly eco-friendly plant derived foam material as opposed to conventional styrofoam. This cellulose based foam is made by dissolving the cellulose in water rather than chemical solvents for negligible environmental impact. Developments as such are likely to further pave new opportunities in packaging foam market, making it integral building component.
Further in packaging foam recycling activities, SOCRA (Southeastern Oakland County Resource Recovery Authority) has recently bagged over $50,000 funding to integrate a high end foam densifier into its processing system for improved foam collection and drop-off. High capacity foam densifier is likely to enhance recovery activities that reducing ecological footprint.
Leading manufacturers in packaging foam space are continuously investing towards market expansion projects such as facility expansion, portfolio diversification and M&A deals to remain significant amidst staggering competition in global packaging foam market.
Zotefoams and BASF Remain Crucial Stakeholders with Innovative Portfolio Expansion Endeavors
Other notable developments in recyclable packaging foam continue to lend substantial growth impetus. Leading packaging foam veteran, Zotefoams has recently introduced novel ReZorce technology that develops recyclable polyethylene monomaterials with high density superlative oxygen and moisture resistance. The development is mainly directed to accommodate F&B packaging needs.
To add to versatile foam based packaging, market entrants such as Perdue Farms is geared to adopt novel plant derived packaging foam for its recently added e-commerce channel. The foam packaging is sustainable and is made from non GMO products such as cornstarch that are soluble in water. Perdue Farms has successfully collaborated with KTM Industries Inc. to obtain uninterrupted supply of plant based packaging foam. Such ongoing developments are likely to foster ample growth in global packaging foam market in the coming years.
Noted packaging veteran, BASF is poised to unfurl its extensive range of particle foam, maneuvered from polyethersulfone. This newly obtained foam are characterized by several attributes such as improved temperature resistance, flame barrier and improved lightweight structure with infallible strength and stiffness. This newly added material in BASF's foam packaging portfolio is anticipated to position BASF favorably on the growth curve of global packaging foam market.