Packaging polymer foam is one of the most demonized materials today, which rarely gets the due credit it deserves. The development of the packaging foam still serves the purpose it was created for and does it better than most other materials. Polymers foams have been playing a crucial part in the packaging industry with high efficiency of the vapor barrier, thermal insulation, mechanical shock absorption, and durability. All these factors collectively add to increased consumer ease and improved product shelf life. The added advantage the packaging foam has from polymer films & sheets is its low mass density, effectively reducing the cost of application. However, the uniqueness of packaging foam material, which led to its roaring market growth, has come back to haunt it. The wastage of packaging foam post-consumer usage has been causing nuisance all around the globe, making it one of the most visible pollutants.
At the ground level, the polymer foam is not directly and completely replaceable in most of its applications. There are two key reasons behind this, specialized functionalities and demand volumes. The polymer packaging foams play a significant role in preserving the products for a later time, by providing the optimum vapor barrier, thermal barrier, and mechanical barrier all at a very minimalistic cost.
North America and Europe were major markets for packaging foam until the Chinese market outgrew them, and Asia became the global leader. The Chinese market for packaging foam not only serves the domestic demand but also towards the packaging demand for its large export shipment going towards different parts of the world.
The regulations aimed at reducing wastage and increasing recycling are expected to have a direct impact on the packaging foam application market, which is expected to change the market dynamics. These regulatory changes, along with cross-industries dynamics of other industries, are expected to drive the change in the market, which is expected to reach $XX.43 billion by 2025, growing at a CAGR of X.8% during the forecast period of 2019–2025.
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