Foam Pouch Market Overview
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.
ChemView Consulting has analyzed that Foam pouches have become ideal packaging solutions for protecting delicate products like glassware, electronics, etc., during storage and transportation. As a result, they are being increasingly adopted across industrial and commercial sectors.
The consumer decision-making process for purchasing a product depends upon the package surrounding the core product. Foam pouches are one of the most popular packaging solutions with attractive features such as non-toxic, reinforced durability, excellent cushioning, high impact absorption capacity, etc. Thanks to these attractive features, these pouches have become popular packaging solutions for protecting products from damage.
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Segments Covered in Report
- Others (Polystyrene, Polypropylene, etc.)
By Sealing Type:
- Self-adhesive Seal
- Heat Seal
By End Use:
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)
Key Takeaways from the Foam Pouch Market
- Based on the Material, 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.
- Based End-Use, the commercial end-use segment will continue to dominate the global foam pouch market.
- Based on Region, 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.
Key companies covered in the market study 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., STAR PACK Overseas Private Limited
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Report Key Highlights and Coverage
- 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.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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