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Packaging Foams Market Trends Forecast & Analysis by 2024


The global PackagingFoams market is estimated to register a CAGR of 6.1% between 2018 and 2024. The growing demand of packaging foams from developing country and growing huge investment in packaging industry from top manufacturer is supporting the packaging foams market growth. The regions covered in this report are North America, Europe, Asia-Pacific and Rest of the World. In terms of Value and Volume, Asia-Pacific is expected to show highest CAGR between 2018 and 2024. This growth is mainly due to high economic growth and followed by growing consumer goods business in the Asia-Pacific region.
Packaging foam provide cushioning effect to protect fragile items during shipment. Increasing digitalization drive the on-lineshopping trend which simultaneousness increases the demand of packaging foam. In transport, there are chances of getting things damaged due to dropped, kicked etc. Packaging foam overcome these incidences. These foams are placed inside a shipping box. Polystyrene (PS), Poly Vinyl Chloride (PVC), Polyutherene (PU) and others are material types used in foam packaging.

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