Industry Background:
Biodegradable foam is made of composite materials that are eco-friendly in nature and lightweight with cost-effectiveness. It can be available in starch-based, cellulose, and polyurethane-based materials. Biodegradable foam is used in different types of packaging applications in various industries like food & beverages, life sciences, electronic goods, etc which need cushioning packaging to safeguard the products from external shocks.
This growth is primarily driven by Growing Ecommerce Industry and Need for Packaging and Need for Food and Beverages Packaging Biodegradable Packaging Materials.
Globally, a noticeable market trend is evident Emerging Sustainable and Eco-Friendly Alternatives in Packaging Industry
. Major Vendors, such as WinCup, Inc. (United States), KTM Industries Inc., (Green Cell Foam) (United States), Paperfoam (Netherlands), Landaal Packaging Systems (United States), Atlas Foam (United States), American Excelsior Company (United States), TRANSPAK, Inc. (United States), Bio4Pack GmbH (Germany), BioViron International Ltd (United Kingdom), Storopack Hans Reichenecker GmbH (Germany), Foam Fabricators Inc. (United States), All-Foam Products Company (United States), Williams Foam Co (United States) and Philpac Corporation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 9th September 2020, Atar Capital Acquires Foodservice Packaging Manufacturer WinCup From Funds Managed by BlackRock. WinCup employs nearly 1,000 people across eight manufacturing facilities that provide nationwide production and distribution of a comprehensive portfolio of traditional and biodegradable foodservice packaging products. The company is first to market with two flagship products, Phade, an award-winning marine biodegradable, home, and industrial compostable straw; and Vio, the only biodegradable foam-based cups, lids, and straws in the US and Canada.
Market Drivers
- Growing Ecommerce Industry and Need for Packaging
- Need for Food and Beverages Packaging Biodegradable Packaging Materials
Market Trend
- Emerging Sustainable and Eco-Friendly Alternatives in Packaging Industry
- Increasing Popularity of Paper-based Biodegradable Foam Products
Restraints
- Regulatory Compliances with Biodegradable Foam
Opportunities
Rising Sustabilble and Biodegradable Packaging Regulatory Guidelines will Boost the Biodegradable Foam Market
Challenges
Stiff Competition in the Market with Low-Quality Biodegradable Foam Product Availability
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Biodegradable Foam Study Sheds Light on
The Biodegradable Foam Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Biodegradable Foam industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Biodegradable Foam industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.