The global foam mesh sleeves market is anticipated to accumulate a market value of US$ 1060.2 million in 2023 and is expected to garner a valuation of US$ 2600 million by exhibiting a CAGR of 9.3 % in the forecast period 2023 to 2033. The foam mesh sleeves market reflected a growth of 7.9 % CAGR in the historical period 2018 to 2022.
With rising globalization, shipping has become a vital part of the supply chain and logistics across the globe. Increasing need for proper packaging, padding, cushioning, and protection for freshly produced fruits during transportation is driving the foam mesh sleeves market.
Expanded polyethylene foam sleeves are widely used in packaging applications. It is a flexible, closed-cell type of foam whose structure is formed with minor air pockets. Its properties, such as its lightweight nature, heat insulation, and incredible shock and vibration resistance, make it suitable for the packaging of fruits, vegetables, and electronic items.
Foam mesh sleeves are designed to provide padding and protection to products like fruits & vegetables, containers, glass bottles, etc. Foam net sleeves protect the item wrapped inside by providing cushioning and shock absorption. This packaging promotes air circulation and keeps a check on spoilage through the air pockets. Foam mesh sleeves are forced by static and dynamic forces during product transit.
The foam surface helps to minimize friction against the other surface thereby reducing the energy generated between them. This keeps the product fresh and safe during the entire journey. These foam sleeves are often used to preserve the freshness and quality of processed food that is exported. The lightweight and durable nature of foam mesh sleeves keeps food undamaged and fresh for longer.
Besides this, with changes in customer tastes, the packaging sector has been witnessing a substantial increase in demand for environmentally friendly products. Foamed polyethylene mesh sleeves are becoming widely accepted by end-user industries due to their recyclable feature, which is driving market growth. The chemical structure of the product, which allows its reuse, can be credited for its low environmental impact. Also, its high load-bearing feature helps manufacturers cut packaging costs as they can use smaller and thinner amounts of foam to protect their products.
On the other hand, demand for protective packaging, thermal insulation, and cushioning solutions fuelled growth in the foam mesh sleeve market during the COVID-19 pandemic. The emergence of e-commerce and subsequent online delivery platforms created the demand for more robust packing options, thus augmenting market growth.
Along with this, this packaging is also utilized in the packaging of medical gadgets. Shipping and storing electronic and medical equipment become easier knowing that they are protected by foam sleeves. Polyethylene foam is a preferred choice for packing medical supplies since it is cushiony, flexible, lightweight, and shock-absorbing. Medical equipment of the highest precision needs to be protected by soft, flexible foam.
Region-wise, the Asia Pacific dominated the market in terms of revenue with a share of over 39% market in 2022. The region is expected to retain its lead by accumulating over 44% market share by end of the forecast period. The growth is attributed to the rising demand for packaging material from various end-use industries, such as food & beverage, pharmaceuticals, and electronics.
The growing industrialization coupled with rapid urbanization has led to an increase in investments across the manufacturing sector in emerging economies such as China and India which is anticipated to drive product demand during the forecast period.
North America is expected to remain in second place in terms of market share during the projected period. The market in this region is projected to grow with a CAGR of 8.5% during the forecast period. Factors such as growing spending on fruits and vegetables, robust medical and electronic sector, and growing preference by consumers for convenient packaging are expected to drive growth in the region.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 1,060.2 million |
| Projected Market Value in 2033 | US$ 2,600 million |
| Growth Rate (2023 to 2033) | 9.3 % CAGR |
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Recent developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing foam mesh sleeves solutions are expected to create lucrative opportunities for market growth during the forecast period.
In the period of globalization, shipping has become an integral part of the supply chain and logistics around the world. Products require proper packaging, cushioning, padding and protection against any disruption in the transportation process.
Foam mesh sleeves are designed to provide cushioning and protection to products like fruits, vegetables, glass bottles and containers, etc. Foam mesh sleeves protect the item wrapped inside by providing padding and shock absorption. It also aids in air circulation and maintains a check on spoilage through the air vents.
Foam mesh sleeves are forced to dynamic and static forces while moving. The foam surface helps to reduce friction against the other surface reducing the energy generated between them.
Edible items like fruits and vegetables have a low shelf life and are prone to decay easily if they undergo any abrasion or pressure during shipment. Foam mesh sleeves play an extremely useful role in the transference of fruits and vegetables.
Although, the food industry is facing is rapid developments and innovations, demand for freshly produced fruits and vegetables is growing across the world. Growing demand for fresh and organic produce in the market is giving rise to fruits and vegetable packaging.
Post-harvest damages are extremely fatal in fruits and vegetables, and it is posing challenges for supply chains which has to distribute the goods to the long distance around the world. Rough handling and packaging could result in bruising, moldy or even rotting of edibles. Foam mesh sleeves act as a protector for fruits and vegetable delivery.
Demographic factors like the growing population of the working class, rising demand for organic fresh produce and convenience food are some other factors shaping the demand for foam sleeves across the globe.
Principal Consultant
According to United States Environmental Protection Agency, in 2018 containers and packaging contributed to the majority of Municipal waste that is around 82.2 million tons.
Food packaging not only increases the packaging waste but also gives rise to landfills and pollution. Governments across the world are focusing on reducing the usage of any form of single-use packaging and non-degradable packaging waste. Foam mesh sleeves are often made of Polyethylene (PE) and Polypropylene (PP) foam which are non-biodegradable and pose threat to the environment.
Customers are focusing on the usage of eco-friendly material for fruits and vegetable packaging across the world and this can hamper the sales of foam mesh sales for packaging. Paper shreds, agricultural waste, paddy straws and coconut fiber are some eco-friendly variants that could be used as a replacement to foam mesh sleeves.
Key players such as
are few players which manufacture foam mesh sleeves.
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Key players manufacturing foam mesh sleeves are continuously innovating the product by introducing attributes like expandability, diamond mesh, re-usability and more eco-friendly variants of foam mesh sleeves.
In April 2021, Pregis LLC, a manufacturer of protective packaging solutions announced two new manufacturing facilities in Texas, the USA to support the company’s expansion and growth.
The Asia Pacific plays a huge role in shaping the foam mesh sleeve market due to the presence of cheap labour, innovative technology and a large consumer matter to cater to. Demand for imported fruits and vegetable is continuously increasing in India due to increasing vegan culture and health benefits of the same. Also due to highly flourishing food services and eateries, demand for foam mesh sleeves is expected to develop in India during the forecasted period.
Bulk stocking and the panic purchase was observed from the customer’s end which leads to sales of fresh fruits and vegetables during the pandemic. E-commerce and tele-purchase were the prominent modes of purchase during the lockdown.
However, foam mesh sleeves depleted in the year 2020 to 2021 due to the onset of the pandemic which is leading to gaps in the supply chain. However, the demand for the same is expected to rise in 2022 and beyond.
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Foam Mesh Sleeves Market
