Global Foam Box Market Overview:
Foam box is a box container which is used for putting around the delicate object inside the container in order to protect them from damage. It is widely used for disposable food packaging for various foods and beverages such as ice cream, raw meat from supermarkets, among others. Versatile and unique physical properties, growing end-use applications and increasing usage of flexible foam in furniture & bedding industry are some of the major drivers which are propelling the growth of the market
As per latest study released by AMA Research, the Global Foam Box market is expected to see growth rate of 5.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technology Advancement in Packaging Foam
Market Growth Drivers:
Rising Demand from 3PL (Third-party logistics) for Packaging Products and Continuous Growth in the e-commerce Industry
Challenges:
Volatility in raw material prices
Restraints:
Exposure Risk and Environmental Impacts due to Restricted Raw Materials
Opportunities:
Rising Demand from Emerging Economics such as India, China and others
Competitive Landscape:
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies.
Some of the key players profiled in the report are Thinhkhangplastic (Vietnam), Luban Pack (United Arab Emirates), THAIFOAMGROUP (Thailand), Atlas Box & Crating (United States), Zhaori (Malaysia), Foampak (United States), Polyfoam (United States), ACH (United States), Gafbros Limited (United Kingdom) and Xiangrui (Canada). Additionally, following companies can also be profiled that are part of our coverage like Longxinyuan (United States) and Tianjin Zhenxin (China). Analyst at AMA Research see United States Vendors to retain maximum share of Global Foam Box market by 2030. Considering Market by Distribution Channel, the sub-segment i.e. Online retailer will boost the Foam Box market.
Latest Market Insights:
In October 2023, Sealed Air Corporation (NYSE: SEE) acquires majority stake in Israeli rigid plastics packaging company Polyfoam Ltd., expanding its foam packaging capabilities in Europe and the Middle East.
In December 2023, Sealed Air launches its "Instapak Quick" foam-in-place packaging system, offering on-demand void fill solutions for e-commerce and other applications.
What Can be Explored with the Foam Box Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Foam Box Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Foam Box
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Foam Box market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Foam Box market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Foam Box, Suppliers of Foam Box, Wholesalers, distributors and retailers of Foam Box, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.