The foam protective packaging market size was valued at USD 12.18 billion in 2023 and is expected to be worth USD 12.65 billion in 2024. The market is projected to reach USD 18.50 billion by 2032, recording a CAGR of 4.87% during the forecast period.
Foam protective packaging solutions are a range of products used specifically to protect several products from damage during transportation, handling, and storage. There are several types of foam used in these solutions, such as Polyurethane (PU), Expanded Polystyrene (EPS), and Polyethylene (PE).m They can be turned into different forms and shapes, such as foam sheets, rolls, and molded foams to suit the packaging requirements of different industries. Fortune Business Insights™ displays this information in a report titled, “Foam Protective Packaging Market, 2024-2032.”
Source: https://www.fortunebusinessinsights.com/foam-protective-packaging-market-108077
Segmentation:
Flexible Foam Packaging Products Gain Major Traction Due to Demand for Increased Efficiency in Supply Chains
Based on packaging type, the market is segmented into flexible foam and rigid foam. The flexible foam segment is holding the largest market share as flexible foam packaging products can help organizations decrease their freight costs due to their lightweight nature. This feature can significantly increase the efficiency of their supply chain and logistics.
Report Coverage:
The report has conducted a detailed study of the market and highlighted several critical areas, such as leading materials, packaging types, end-use industries, and key market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.
