Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 13.48 Billion | USD 19.59 Billion | 4.77% | 2022 |
FrequentlyAsked Questions
Foam protective packaging refers to the kind of packaging material that is used to protect fragile or delicate items during storage and transportation. Such packaging is designed to offer shock absorption and cushioning, thereby protecting the items from vibrations and other such external forces. Such a kind of packaging is widely used in the consumer goods, aerospace, automotive, pharmaceutical, and electronics industries.
Fast-growing international trade and export activities are one of the major factors for the high growth rate of the global foam protective packaging market. Companies are adopting reliable and sustainable packing solutions to protect their goods during long-distance transit. Such a landscape has significantly increased demand for foam protective packaging in the market
The global foam protective packaging market size was USD 13.48 billion in 2022 and is anticipated to reach USD 19.59 billion by the end of 2030.
The global foam protective packaging market is likely to grow with a healthy CAGR of 4.77% during the anticipated period.
North America accounts for the largest share of the foam protective packaging industry due to the growing commercial activities in the region. The rise of e-commerce platforms has significantly propelled the demand for secure and reliable packaging solutions to protect items during transit. Foam packaging has emerged as a popular choice for packaging sensitive products which are susceptible to damage.
The key players in the global foam protective packaging market include American Foam Products, Engineered Components & Packaging, LLC, Tucson Container Corp., Victory Foam, Synergy Packaging Solutions, Barco Sales & Manufacturing, Inc, UFP Technologies, Williams Foam, Polyformes Foam Solutions, Suzhou, INTCO Recycling, Anu Industries, Leenol, PAX Solutions, Sinkery Foam, ESD Goods, Foamtech, Vento Foam Pvt. Ltd., Snehal Packaging Industry, Flexipack Group, and Mefron Technologies.
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