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Global Foam Protective Packaging Market to Grow at 3.2% CAGR through 2026, Asia Pacific to be the Most Lucrative Region

Press release Description

Albany, New York, March 30, 2018: According to a new research report, titled “Foam Protective Packaging Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026”, added to the vast repository of Market Research Reports Search Engine (MRRSE), the global foam protective packaging market is projected to grow at a sluggish CAGR of 3.2% during the assessment period 2017-2026.

The report on foam protective packaging market offers holistic insights and analysis on the key factors that are shaping this landscape. A qualitative and quantitative analysis is offered for the perusal of readers. Further, a detailed competitive landscape has been included in the report, which offers analysis and insights on the key product and business strategies of the leading players.

According to the report, demand for foam protective packaging is likely to be driven by growing e-commerce industry around the globe. In the last decade or so, the global e-commerce industry has witnessed substantial growth, which has led to increased opportunities for key players in the market. The demand has been especially higher in the manufacture of consumer electronics products, and as the global consumer electronics industry witnesses steady growth, a steady stream of opportunities are expected in this landscape. According to the report, demand for foam protective packaging will be impeded by evolving regulations on the use of foam materials.

The report offers detailed segment-wise analysis on the foam protective packaging market, highlighting the sluggish and lucrative avenues in this landscape. Urethane-based foam protective packaging products are likely to offer steady growth opportunities to market players during the assessment period. The report projects urethane-based foam protective packaging products to rake in US$ 2 Bn worth of revenues by the end of the forecast period.

On the basis of end-use industry, demand for foam protective packaging is likely to remain dominant in electronics appliances, pharmaceutical, and consumer product manufacturing. These products require careful packaging, and it is highly likely that demand for foam protective packaging will continue to increase at a steady pace during the assessment period.

On the basis of region, Asia Pacific is likely to remain one of the most lucrative markets. The region is home to some of the world’s leading manufacturers of foam protective packaging, and the demand has traditionally remained high in the region. China and India are some of the leading markets for foam protective packaging in Asia Pacific, and the trend is likely to continue during the assessment period.

The report also profiles some of the leading players in the foam protective packaging market. Some of the prominent players in the foam protective packaging market include Plastifoam Company, Wisconsin Foam Products, Volk Packaging Corporation, DRB Packaging, Sealed Air Corporation, Rogers Foam Corporation, Sonoco Products Company, Armstrong Brands, Inc., Pregis Corporation, and Tucson Container Corporation.

Browse Full Global Foam Protective Packaging Market Report with TOC :

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