DUBLIN, September 26, 2017 /PRNewswire/ --
The "Global Packaging Foams Market 2017-2021" report has been added to Research and Markets' offering.
The global packaging foams market to grow at a CAGR of 6.04% during the period 2017-2021.
Global Packaging Foams Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers revenue generated from the sales of packaging foams across various types.
According to the report, one driver in the market is increase in the use of polyurethane foams in packaging industry. Polyurethane foams are one of the most extensively used packaging foams. Companies such as INOAC and Williams Foam are few leading manufacturers of polyurethane chemicals across the world.
The emerging economies such, as Russia, China, India, and others are currently facing huge growth for the polyurethane foams for packaging applications due to increasing demand for packaging materials in the e-commerce industry. The main advantages of PU-cored foams are lightweight construction, superb thermal insulation, and rapid and economical construction technique.
One trend in the market is growing number of manufacturers in APAC. With a growing market in APAC, the establishment of new rigid foam production plants has shown robust growth in China, which is likely to restrict the rising costs of production, thereby reducing the cost. Established manufacturers present in APAC provide high capacity utilization to cater to the growing demand from other regions.
Further, the report states that one challenge in the market is price fluctuation of raw material. Foam products are derived from petrochemicals. Raw materials, such as diisocyanates comprising toluene diisocyanate (TDI) and methylenediphenyl diisocyanate (MDI), and polyol are the major raw materials for the production of rigid foams, especially polyurethane rigid foams.
Several chemicals that are used in the manufacturing of packaging foams are derived from crude oil. Since petrochemicals are by-products of crude oil, their prices are heavily dependent on crude oil prices. Therefore, the fluctuating crude oil prices have severely affected the prices of the raw material, thereby affecting the costs of the production of foam products.
- Sealed Air
Other prominent vendors
- ACH Foam Technologies
- Kaneka Corporation
- Premier Foam
- SEKISUI CHEMICAL
- Tosoh Corporation
- UFP Technologies
- Williams Foam
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Structure Type
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/9prdhx/global_packaging
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets