Foamed Plastics Market Size & Share | Overview, Data Updates, Reports Analysis & Forecast | FMI

ByNiranjan karde

The global foamed plastics market is poised for a significant transformation, with expectations of reaching a valuation of US$ 84.2 billion by the year 2030. This growth journey is characterized by a robust Compound Annual Growth Rate (CAGR) of 5.8% between 2022 and 2030, with a projected market value of over US$ 81.5 billion by 2028.

One of the driving forces behind this expansion is the consistent demand for foamed plastics, which are used for the contamination-free storage of both industrial and non-industrial goods. The foamed plastics industry is projected to maintain its growth momentum, expanding at a CAGR of 5.8% during the forecast period (2022-2030).

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Asia Pacific is anticipated to play a pivotal role, dominating the global foamed plastics market with a industry value share of approximately 48%. This region benefits from the rise of e-commerce platforms and the growing need for protective packaging, offering lucrative opportunities to foamed plastics manufacturers.

Furthermore, the foamed plastics industry is expected to grow 1.7 times its current market value, with a projected peak Year-on-Year (Y-o-Y) growth rate of 6.6% during the forecast period. Various industries, including food, beverages, transportation, construction, automotive, and electronics, are increasingly turning to foamed plastics for their desirable characteristics, especially in protecting products from damage during transit.

The rise of e-commerce and third-party logistics services has further amplified the utilization of foamed plastics for product transit. With internet usage on the rise, online shopping for consumer goods requiring foamed plastics packaging is expected to continue its growth trajectory. The foamed plastics market’s growth is deeply intertwined with the evolving needs of various industries and the expansion of e-commerce, making it a pivotal player in the packaging and protective materials landscape.

Key Takeaways: 

  • The polyurethane (PU) foams as a material likely to experience unmatchable demand in the foamed plastics market, especially from the transportation industry
  • The packaging segment is estimated to account for more than 30% by value of the market share in 2020, owing to the increasing demand for food packaging in Asia Pacific
  • As per sales channel, direct sales estimated to expand by 1.6x of its current industry value till 2028
  • Asia Pacific is expected to outpace other regions and to represent an incremental opportunity of US$ 20 Bn by the end of 2030, with the presence of a large number of foamed plastic manufacturers.

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Key Segments: 

By Product Type:

  • Packaging
    • Food Packaging
      • Trays
      • Clamshells
      • Plates
      • Bowls
      • Cups
    • Transport Packaging
  • Wrapping
  • Cushioning
  • Insulation
  • Construction
  • Others

By Material:

  • Polyurethane (PU) Foams
  • Expanded Polystyrene (EPS) Foam
  • Vinyl (Plastisol, PVC) Foams
  • Others (PE Foam, PP Foam)

By Sales Channel:

  • Direct Sales
  • Indirect Sales
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Online Retailing

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa (MEA)