Global Packaging Foams Market 2017-2021

New Report Released: - Global Packaging Foams Market 2017-2021

The author of the report recognizes the following companies as the key players in the global packaging foams market: Arkema, BASF, Borealis, Sealed Air, and Zetofoams.

Other Prominent Vendors in the market are: ACH Foam Technologies, Armacell, INOAC, JSP, Kaneka Corporation, Pregis, Premier Foam, SEKISUI CHEMICAL, Tosoh Corporation, Total, UFP Technologies, and Williams Foam.

Commenting on the report, an analyst from the research team said: “One trend in the market is growing number of manufacturers in APAC. With a growing market in APAC, the establishment of new rigid foam production plants has shown robust growth in China, which is likely to restrict the rising costs of production, thereby reducing the cost. Established manufacturers present in APAC provide high capacity utilization to cater to the growing demand from other regions.”

According to the report, one driver in the market is increase in the use of polyurethane foams in packaging industry. Polyurethane foams are one of the most extensively used packaging foams. Companies such as INOAC and Williams Foam are few leading manufacturers of polyurethane chemicals across the world. The emerging economies such, as Russia, China, India, and others are currently facing huge growth for the polyurethane foams for packaging applications due to increasing demand for packaging materials in the e-commerce industry. The main advantages of PU-cored foams are lightweight construction, superb thermal insulation, and rapid and economical construction technique.

Further, the report states that one challenge in the market is price fluctuation of raw material. Foam products are derived from petrochemicals. Raw materials, such as diisocyanates comprising toluene diisocyanate (TDI) and methylenediphenyl diisocyanate (MDI), and polyol are the major raw materials for the production of rigid foams, especially polyurethane rigid foams. Several chemicals that are used in the manufacturing of packaging foams are derived from crude oil. Since petrochemicals are by-products of crude oil, their prices are heavily dependent on crude oil prices. Therefore, the fluctuating crude oil prices have severely affected the prices of the raw material, thereby affecting the costs of the production of foam products.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.