Foamed Packaging Market Trends and Forecast
The future of the global foamed packaging market looks promising with opportunities in the pharmaceutical, dietary supplement & nutraceutical, and cosmetic & personal care markets. The global foamed packaging market is expected to grow with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are increased demand for eco-friendly packaging solutions, growing e-commerce sector, and rising concerns about product safety during transit.
• Lucintel forecasts that tablet is expected to witness the highest growth over the forecast period.
• Within this market, pharmaceutical is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Recent developments in the US foamed packaging market include initiatives by companies like Dart Container Corporation to expand their product lines with sustainable alternatives. Government targets for reducing single-use plastics are driving innovation, with companies investing in recyclable materials and eco-friendly production processes.
China: ChinaÄX%$%Xs foamed packaging sector sees a surge in investments towards biodegradable materials, driven by government mandates to reduce environmental impact. Companies like StyroChem are announcing partnerships to develop innovative packaging solutions meeting sustainability goals while enhancing product protection.
Germany: German companies like BASF SE are focusing on research and development to produce foamed packaging with reduced carbon footprint. Government initiatives promoting circular economy models are spurring investments in recyclable and compostable packaging solutions, aligning with the countryÄX%$%Xs ambitious sustainability targets.
India: In India, companies such as TCPL Packaging are ramping up efforts to introduce bio-based foamed packaging materials in response to growing environmental concerns. Government-backed schemes incentivizing eco-friendly packaging options are driving market growth, with companies aligning strategies to meet both consumer demand and regulatory requirements.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Foamed Packaging by Segment
The study includes a forecast for the global foamed packaging by type, application, and region.
Foamed Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Tablets
• Powders
• Granules
Foamed Packaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Pharmaceuticals
• Dietary Supplements & Nutraceuticals
• Cosmetics & Personal Care
Foamed Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Foamed Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies foamed packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the foamed packaging companies profiled in this report include-
• Romaco Pharmatechnik
• Amcor Limited
• Unither Pharmaceuticals
• Sanner
• Oracle Packaging
• Tower Laboratories
• Amerilab Technologies
Recent Development in the Foamed Packaging Market
Sealed Air Corporation: Launch of Recycled Foamed Packaging - Sealed Air introduced a new line of foamed packaging made from recycled materials, enhancing its sustainability efforts and catering to eco-conscious consumers.
Sonoco Products Company: Collaboration with Biotech Firm for Biodegradable Foam - Sonoco partnered with a biotech firm to develop biodegradable foamed packaging solutions, aiming to address environmental concerns and meet growing demand for sustainable packaging options.
Pregis LLC: Acquisition of Foam Manufacturer - Pregis acquired a leading foam manufacturer, expanding its product portfolio and strengthening its position in the global foamed packaging market.
Storopack Hans Reichenecker GmbH: Introduction of Anti-Static Foamed Packaging - Storopack launched anti-static foamed packaging, catering to the electronics industryÄX%$%Xs needs for protective packaging solutions that prevent static electricity damage.
Ranpak Holdings Corp: Development of Customizable Foamed Packaging Solutions - Ranpak developed customizable foamed packaging solutions, allowing businesses to tailor packaging designs to specific product dimensions, enhancing protection during transit and reducing material waste.
Features of the Global Foamed Packaging Market
Market Size Estimates: Foamed packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Foamed packaging market size by type, application, and region in terms of value ($B).
Regional Analysis: Foamed packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the foamed packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the foamed packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for foamed packaging market?
Answer: The global foamed packaging market is expected to grow with a CAGR of 6.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the foamed packaging market?
Answer: The major drivers for this market are increased demand for eco-friendly packaging solutions, growing e-commerce sector and rising concerns about product safety during transit.
Q3. What are the major segments for foamed packaging market?
Answer: The future of the foamed packaging market looks promising with opportunities in the pharmaceutical, dietary supplement & nutraceutical, and cosmetic & personal care markets.
Q4. Who are the key foamed packaging market companies?
Answer: Some of the key foamed packaging companies are as follows:
• Romaco Pharmatechnik
• Amcor Limited
• Unither Pharmaceuticals
• Sanner
• Oracle Packaging
• Tower Laboratories
• Amerilab Technologies
Q5. Which foamed packaging market segment will be the largest in future?
Answer: Lucintel forecasts that tablet is expected to witness the highest growth over the forecast period.
Q6. In foamed packaging market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the foamed packaging market by type (tablets, powders, and granules), application (pharmaceuticals, dietary supplements & nutraceuticals, and cosmetics & personal care), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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