The global anti-static foam packaging market is anticipated to accumulate a market value of US$ 4,076.28 million in 2023 and is expected to garner a valuation of US$ 8,550 million by exhibiting a CAGR of 7.68 % in the forecast period 2023 to 2033. The market for anti-static foam packaging market reflected growth with a 5.2% CAGR in the historical period 2018 to 2022.
Polyurethane foam is light weight and abrasion resistant polymer. It also has the capacity to absorb shock and recover its shape quickly and ideal for protecting lightweight products. Additionally, ease of this foam to custom die- cut/fabricated, cut into pads, or convoluted is increasing its use in packaging. This foam combines the qualities of plastic and rubber while avoiding the drawbacks of vinyl films.
The growing penetration of e-commerce industry across the globe is a significant factor driving growth of the market. The broad use of anti-static packaging foam in electronic goods in order to protect them from physical damage during the transportation is further augmenting the product demand. Additionally, increasing import-export activities are also anticipated to create product demand during the forecast period.
Increasing propensity toward flexible packaging is also anticipated to fuel market expansion. Moreover, the expansion of the healthcare industry has boosted the anti-static foam market to a high extent since plastic packaging helps maintain hygiene and is less susceptible to damage and leaks than glass packaging.
Medical devices also use anti-static foams for packaging to protect against leakage and provide shock resistance. Therefore, increased demand for Anti-static foams in the healthcare packaging industry is anticipated to fuel the global demand.
Developing regions are adopting anti-static foams and composite-based materials at a rapid pace which is fuelling the product demand. The flourishing economy in these countries, along with high industrialization, urbanization, and improved standards of living, also plays a significant role in adopting fuel-efficient cost-cutting machinery.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 4,076.28 million |
| Projected Market Value in 2033 | US$ 8,550 million |
| Growth Rate (2023 to 2033) | 7.68 % CAGR |
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Recent developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing anti-static packaging foam solutions are expected to create lucrative opportunities for market growth during the forecast period.
Anti-static foam is a polyurethane foam which is chemically doped with a surfactant and dyed with pink colour for sublimation. Anti-static foam packaging creates a barrier against physical impact, vibration, scratching and protects its relevant content from getting damaged.
This anti-static foam packaging is very useful for transporting electronics and automotive equipment as the sealed air in the packaging can act as a cushion for the relevant content along with proving protection from static current and it is being widely used in other various sectors such as food& beverages, construction, pharmaceutical etc.
the rising demand for better packaging solution in the packaging industry is turning the growth curve of anti-static-foam packaging market upward as this product is specially designed for protecting the electronic products from static current and shock during transportation and it is anticipated that the market will grow higher with a decent rate in the upcoming time.
The increasing demand for electronic devices is driving the growth of the anti-static foam packaging market. The packaging comes with various options of shape according to the consumer’s requirement for pertaining the required shape of equipment as the foam can be cut accordingly and this characteristic creating growth opportunities for the anti-static foam packaging market.
Additionally, the automotive industry often comes with different technical advancement to develop its ICT and semiconductor devices’ working capability which is charging up the demand for the anti-static foam packaging and driving the market’s growing rapidly.
The ageing population, increasing disposable income of people are rising the functionality of e-commercial sites of the food industry is also creating growth opportunities for the market. Demand for smartphones, smart wares, smart TV in recent urban society is responsible for accelerating the anti-static foam packaging market.
In June 2019, Kao Group’s Kao Corporation has expanded its production by completing the joint venture between Kao and PT Apical of Apical Group. This joint venture is done with the view to increase the production capacity of fatty acids which are required to produce antistatic agent.
With this, the company has able to extend its reach and strengthen its supply chain produce high quality of products for a wide range of applications. However, the imposing bans on plastic use and increasing concerns about the environment among the consumers may restrain the growth of the anti-static foam packaging.
Principal Consultant
Asia-pacific is expected to show the highest growth rate in the anti-static foam packaging market due to its easy availability of raw material and increasing rate of foreign investment.
Additionally, the growing trend of online shopping in countries like China, India, and Thailand are charging up the growth rate. Europe, North America are also expected to show good growth rates due to the increasing number of the automotive industry in those regions. Latin America and the Middle East & Africa will show a decent growth rate too in the upcoming years.
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Globally the anti-static foam packaging market is segmented by material, thickness and end-use.
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Anti-static Foam Packaging Market
