Portland, OR -- (SBWIRE) -- 07/02/2018 -- They provide reliable and long-lasting protection from dust and moisture. Foam bags prove to be beneficial among food and pharmaceutical companies as one of the popular packaging solutions. This has led to attention of brand owners towards light weight packaging methods as it deliberately reduces the carriage cost of the product.
This report projects the trends and opportunities of the global foam bags market. This research study includes a qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview and predict the market behavior during the forecast period.
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The market is expected to witness major growth owing to the rapid growth of electronics & semi-conductor industry during the forecast period. Moreover, rapid urbanization coupled with the per capita disposable income, is also expected to augment the global foam bags market. In addition, surplus growth of organized retail sector is another factor leading to market growth. New electronic product development further propels the growth of the foam bags market. Rise in use of foam bags in packaging of medical devices amongst pharmaceutical industry is expected to fuel the demand of foam bags market. In addition, growth of automotive industry in the developing economies of Asia-Pacific is expected to stimulate the sales of foam bags in the upcoming years. Increase in use of foam bags for packaging cosmetic & personal care products accelerates the growth of the market during the forecast period. Foam bags are light in weight, which minimizes the shipping cost. These bags exhibit aesthetic properties and thus improves the aesthetic looks of the product through different print and foam color. This compels the manufacturers to use foam bags as a packaging solution for advertisement purpose. However, foam bags are majorly made from the low-density polyethylene that is expected to pose challenges for the market owing to raised awareness for environment friendly material in the packaging industry.
The global foam bags market is segmented based on material type, application, and geography. On the basis of material type, it is divided into polyethylene (PE), low density polyethylene (LDPE), linear low density polyethylene (LLDPE), and high density polyethylene (HDPE). On the basis of application, it classified into medical devices, electronic products, food, cosmetic & personal care, automotive parts, and home care products. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key market players in this sector include Smurfit Kappa Group PLC, Sealed Air Corporation, Alta packaging Inc., Essen Multipack Ltd, Universal Protective Packaging, Inc., Macfarlane Group Plc, Pregis Corporation, Petrofoam, and Sancell Pty Ltd.
Key Benefits for Stakeholders
This report provides a quantitative analysis of the current trends, estimations, and dynamics through 2017-2023, which assists to identify the prevailing market opportunities.
Major countries in each region are mapped as per individual market revenue.
Region-wise and country-wise market conditions are comprehensively analyzed in the report.
Key players of the foam bags market are also listed.
This study evaluates the value chain to understand the competitive environment across geographies.
An in-depth analysis of segmentation is provided to elucidate the prevailing market opportunities.
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Foam Bags Market Key Segments:
By Material Type
Low Density Polyethylene (LDPE)
Linear Low Density Polyethylene (LLDPE)
High Density Polyethylene (HDPE)
Cosmetic and Personal Care
Home Care Products
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA