The global foam pouch market is set to enjoy a valuation of USD 577.92 million in 2023 and is further expected to grow at a CAGR of 5.0% between 2023 and 2033, reaching around USD 941.37 million by 2033.
With rising adoption across commercial and industrial sectors, the global sales of foam pouches are anticipated to bolster, with the top 3 countries estimated to hold around 30 to 35% of the market by the end of 2023. Foam pouches are innovative packaging solutions made from polyethylene, polyurethane, polystyrene, polypropylene, etc. These packaging solutions are perfect for packaging up items requiring surface protection. They act as cushion materials for protecting fragile items such as frames, glassware, dishes, etc., and are increasingly used across diverse sectors.
In the foam pouch market, the polyethylene segment by material type is anticipated to hold the major portion of around 3/5th by the end of 2023, owing to polyethylene's recyclable and non-toxic benefits. The urge to protect the product during storage and shipping among various end-use industries is estimated to augment the sales of foam packaging, including foam pouches.
Emerging trends reveal that the global market will expand 1.6 times the current market value from 2023 to 2033, creating an incremental opportunity of USD 342.3 million by 2033. Similarly, with the rapid expansion of end-use industries and innovation in pouch materials, demand for foam pouches is anticipated to propel, with the top 5 key players holding 20 to 25% of the global market in 2023.
The global foam pouch market held around 1 to 2% of the global pouches market worth USD 48 billion in 2023, and this number is likely to surge further during the forecast period, owing to the growing popularity of these innovating pouches across industries.
| Attribute | Details |
|---|---|
| Foam Pouch Market Estimated Size (2023) | USD 577.92 million |
| Projected Market Size 2033 | USD 941.37 million |
| Value-based CAGR (2023 to 2033) | 5.0% |
| Collective Value Share: Top 5 Companies (2023E) | 20% to 25% |
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The demand for foam pouches grew at a moderate CAGR of 4.1% during 2018 and 2022. However, with increasing usage across various industrial and commercial sectors, the futuristic demand is likely to grow at a 5% CAGR between 2023 and 2033.
Foam pouches have become ideal packaging solutions for protecting and safeguarding fragile items from scratches and other external forces. Thanks to their various advantages, including lightweight, recyclability, and flexible nature, demand for these pouches in commercial and industrial sectors is constantly increasing. These pouches are increasingly used to pack products such as glass cutlery, glass items, and delicate parts across various industries. To meet this growing demand, manufacturers are increasing their production capacity.
Foam pouches are made from polyethylene, polyurethane, polystyrene, polypropylene, and others. Among these, demand remains especially high for pouches made from polyethylene material.
Manufacturers are using polyethylene material to create new products using innovative technology and unique design. Therefore, product manufacturers can differentiate their products on the market using several visible differences in the design and look of packages.
Evolution of Packaging Style and Materials Contributing to the Growth in the Market
Packing your product in the right way with an attractive design is becoming a unique selling proposition for modern-day sellers of the products. Packaging plays an important and decisive role in the sale of products. Sometimes, customers buy a product just by looking at the premium look and feel of the package. The foam pouch is produced using raw materials that are flexible and water-resistant.
The non-toxic nature of foam pouches makes them free from contaminants, and easy to use design adds to the market popularity of foam pouches across the globe. For these reasons, the increased market share of foam pouches in the global pouch packaging market is recorded worldwide.
The latest trend in the foam pouch market is to customize your pouch as per the product's shape and size, enhancing the seller's goodwill and brand awareness. Thus, the evolution of packaging style and customization of these pouches per the end user requirements play key roles in generating market revenues.
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Robust Expansion of Industries Like Automotive Pushing Demand in China
China's foam pouch market is anticipated to create growth opportunities, reaching approximately USD 38 million during the forecast period. The rapid expansion of industries like automotive and electronics, growing demand for flexible packaging solutions, and easy availability of packaging pouches at lower costs are some factors driving growth in China.
As of June 2022, about 25 lakh vehicles were produced in China, including passenger and commercial vehicles and around 2.5 lakh vehicles were exported as per the China Association of Automakers Manufacturers. Surging demand for automobiles is expected to increase demand for spare parts packed in foam pouches during transit. This will continue to push the sales of these flexible and lightweight pouches across the country during the forecast period.
Rising Production and Export of Electronic Products Necessitating the Adoption of Foam Pouches
With the increased adoption of flexible pouches as appropriate packaging solutions by electronics manufacturers, Japan's foam pouch market is projected to grow 1.4 times the market value from 2023 to 2033. According to the Japan Electronics and Information Technology Industries Association, in 2022, around USD 79.3 billion of electronic products were produced in Japan, and around USD 78.3 billion of electronic products were exported worldwide.
The presence of multinational electronics manufacturers in the country and the rise in domestic consumption make it one of the largest markets for electronics goods across the globe. Due to the sheer rise of the electronics market in the country, the sales of foam pouches are expected to surge steadily across Japan during the forecast period.
Polyethylene Remains the Most Preferred Material for Making Foam Pouches
As per FMI, the polyethylene segment by the material is anticipated to register a CAGR of 5.3% during the forecast period. The main advantages of polyethylene material are that it is flexible, water-resistant, and non-toxic.
Polyethylene can be easily recycled and reused by melting at high thermal pressure and remolded into any style as needed. In addition, polyethylene is made at 40-70 degrees without affecting the shape or structure of the pouch. Polyethylene is less harmful to the environment than other plastic materials. Growing end-user preference for pouches made of polyethylene material is prompting manufacturers to use this material for manufacturing these flexible packaging.
Demand for Foam Pouches Remains High in Commercial Sector
Based on end-use, the commercial segment is projected to account for around 53% of the market value share by the end of 2033. This is attributable to retailers and wholesalers' rising usage of these pouches to pack and deliver products that risk being damaged during transit.
Foam pouches are typically used for packaging electrical equipment, glass cutlery, and other high-value goods. Increasing demand for luxury goods has also expanded the foam pouch market globally, as many players have begun to manufacture customized pouches for branding purposes.
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key players operating in the global market focus on product innovation to gain market share. Besides this, they are adopting mergers or acquisition strategies to expand their resources and footprint worldwide.
Some of the recent developments in the market are as follows:
Pregis LLC, Premier Protective Packaging, and Abco Konvex- Leading at the Forefront in Foam Pouch Space
Pregis LLC, Premier Protective Packaging, and Abco Konvex have become leading foam pouch manufacturers. Headquarters in Chicago, Pregis has emerged as a leading manufacturer and supplier of cutting-edge packaging and protective solutions. The company has over 2200 devoted packaging specialists who continuously strive to provide their customers with the best packaging solutions and services.
Pregis supports both the environment and its consumers holistically. It guarantees that the customer's products and bottom line are both PROTECTED. By designing packaging for the circular economy, Pregis PRESERVE the environment. The company produces the highest-quality goods, utilizing fewer raw materials and optimizing recycled content. Pregis is assisting in boosting the number of recycled materials recovered and giving a second life through collaborations with organizations like SPC, FSC, and How2Recycle®, among others. Additionally, as a business, Pregis works to INFLUENCE its staff, clients, and consumers to think more sustainably and support our communities.
Premier Protective Packaging is another key manufacturer of foam pouches. The company specializes in one-of-a-kind custom packaging solutions employing non-woven spun bond polypropylene (SBPP) and polyethylene (PE) foam, bubble, and protective packaging materials. The company utilizes state-of-the-art technology for the production of protective packaging items that are high-quality and cost-effective. The company's main emphasis on these materials in their converted form enables them to respond quickly to consumer needs and provide affordable prices.
Premier Protective Packaging has more than 15 years of experience in the converting industry. It has been producing a variety of foam pouches for different end-use industries for a long time. Another leading foam pouch company is Abco Kovex. It manufactures and keeps a wide selection of packaging supplies and equipment in stock. The company specializes in packaging materials and machinery in the United Kingdom and Ireland.
Abco Kovex is an amalgamation of Kovex Plastics (founded in the mid-1990s) and Abco Packaging (established in 1987). The company has made it possible to meet various industry trends, demands, and consumer expectations by constantly evolving and introducing novel packaging solutions.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.0% from 2023 to 2033 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million, Volume in Units, and CAGR from 2023 to 2033 |
| Segment Covered | Material, Sealing Type, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa (MEA) |
| Key Countries Profiled | United States of America, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, Russia, China, Japan, India, GCC Countries, Australia |
| Key Companies Profiled | Pregis LLC; Premier Protective Packaging; Abco Kovex; POLYTECH-Packaging GmbH; International Plastics Inc.; Smurfit Kappa Group Plc; 3A Manufacturing; Yashika Enterprises; Aaditya Enterprises; Landy (Guangzhou) Plastic Products Co. Ltd; Zim's Bagging Company; Novostrat Limited; Europe; Thairungrueang Foam Co. Ltd.; TART; Cutting Edge Converted Products; Swastik Enterprises.; XFasten; U Pack; STARPACK Overseas Private Limited |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
The market is slated to attain USD 941.37 million by 2033.
The growth potential of the foam pouch market is 5% CAGR through 2033.
The market registered a CAGR of 4.1% in the historical period.
Pregis LLC, Premier Protective Packaging, and Abco Kovex are the top market players.
Product innovation and differentiation are key strategies for consolidating the key players’ positions.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 5.1. Polyethylene 5.2. Polyurethane 5.3. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sealing Type 6.1. Self-adhesive Seal 6.2. Heat Seal 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Industrial 7.2. Commercial 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Pregis LLC 18.2. Premier Protective Packaging 18.3. Abco Kovex 18.4. POLYTECH-Packaging GmbH 18.5. International Plastics Inc. 18.6. Smurfit Kappa Group Plc 18.7. 3A Manufacturing 18.8. Yashika Enterprises 18.9. Aaditya Enterprises 18.10. Landy (Guangzhou) Plastic Products Co. Ltd 18.11. Zim's Bagging Company 18.12. Novostrat Limited 18.13. Europe 18.14. Thairungrueang Foam Co. Ltd. 18.15. TART 18.16. Cutting Edge Converted Products 18.17. Swastik Enterprises 18.18. XFasten 18.19. U Pack 18.20. STARPACK Overseas Private Limited 19. Assumptions & Acronyms Used 20. Research Methodology
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Foam Pouch Market
