Polyethylene Foam Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Polyethylene Foam Market is Segmented by Type (XLPE Foam and Non-XLPE Foam), Application (Cushioning, Packaging, and Other Applications), End-user Industry (Automotive, Building and Construction, FMCG, Pharmaceutical, and Other End-user Industries), and Geography (Asia Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

polyethylene foam - market summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >3 %

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Market Overview

The polyethylene foam market is expected to witness a CAGR of over 3% during the forecast period. The major factor driving the growth of the market is the increasing demand from the packaging application due to its excellent impact-bearing capability. On the flip-side, unfavorable conditions arising due to the COVID-19 outbreak restrict the market growth during the period of forecast.

Packaging application is anticipated to dominate the polyethylene foam market due to its excellent properties, such as lightweight, resistance to moisture and heat, frost protection, and shock and vibration absorbance.

Asia Pacific is expected to be the largest market for the polyethylene foam market because of the high demand from various industries in the region.

Scope of the Report

The report in the polyethylene foam market includes:

By Type
XLPE Foam
Non-XLPE Foam
By Application
Cushioning
Packaging
Other Applications
By End-user Industry
Automotive
Building and Construction
FMCG
Pharmaceutical
Other End-user Industries
By Geography
Asia Pacific
China
India
Japan
South Korea
Rest of Asia Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

High Demand of Polyethylene Foam in Packaging Application

  • The use of polyethylene foam is done extensively in the application of packaging. It is a versatile, closed-cell type foam whose structure is made up of minor air pockets. Its properties, such as lightweight, heat insulation, and incredible shock and vibration resistance, make it suitable for packaging purposes.
  • Furthermore, it provides great resistance to weather and oil and can be used in carrying different kinds of goods that are susceptible to weathering and oil-related threats. Few of these foams also comply with FDA food contact regulations.
  • The value of the luxury packaging market in North America is estimated to be USD 3.68 billion in 2019, and it is expected to reach a value of nearly USD 4.9 billion by 2025.
  • Thus, all the factors mentioned above are expected to drive the polyethylene foam demand from the packaging application during the forecast period.
Polyethylene Foam Market Revenue Share

Asia-Pacific to Dominate Polyethylene Foam Market

  • Asia Pacific holds a prominent share in the polyethylene foam market globally, and it is expected to grow during the forecast period.
  • The market value of the packaging of luxury brands in Asia Pacific is estimated to be around USD 4.78 billion in 2019, and this value is predicted to reach USD 7.02 billion by 2025.
  • Asia Pacific holds 46% of the global expenditure in the building and construction sector. Polyethylene foam is utilized in building and construction for pipe-in-pipe, entryways, rooftop sheets, and slabs. Its properties, such as good thermal insulation, frost protection, and good flexibility, are used for various applications in the construction industry.
  • Polyethylene foam is also used in pharmaceutical packaging as these are non-toxic and latex-free foam. Countries, like Japan, China, and South Korea, are expected to dominate the pharmaceutical sales market in Asia Pacific with a total sales value of USD 150.44 billion, USD 149.92 billion, and USD 40.27 billion, respectively.
  • Thus, due to the factors mentioned above, the polyethylene foam market is expected to grow substantially in Asia Pacific during the forecast period.
Polyethylene Foam Market Regional Trends

Competitive Landscape

The polyethylene foam market is partially consolidated. Some of the players in the market are PAR Group, Sealed Air, Zotefoams PLC, Thermotec, and DAFA US Inc.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 High Demand of Polyethylene Foam in Packaging Application

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Unfavorable Conditions Arising Due to the COVID-19 Outbreak

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 XLPE Foam

      2. 5.1.2 Non-XLPE Foam

    2. 5.2 By Application

      1. 5.2.1 Cushioning

      2. 5.2.2 Packaging

      3. 5.2.3 Other Applications

    3. 5.3 By End-user Industry

      1. 5.3.1 Automotive

      2. 5.3.2 Building and Construction

      3. 5.3.3 FMCG

      4. 5.3.4 Pharmaceutical

      5. 5.3.5 Other End-user Industries

    4. 5.4 By Geography

      1. 5.4.1 Asia Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 France

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 PAR Group

      2. 6.4.2 Sealed Air

      3. 6.4.3 Zotefoams PLC

      4. 6.4.4 Armacell

      5. 6.4.5 JSP

      6. 6.4.6 Thermotec

      7. 6.4.7 Wisconsin Foam Products

      8. 6.4.8 DAFA US Inc.

      9. 6.4.9 Pregis LLC

      10. 6.4.10 Hira Industries LLC

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Polyethylene Foam Market market is studied from 2016 - 2026.

The Polyethylene Foam Market is growing at a CAGR of >3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

PAR Group, Sealed Air, Thermotec, DAFA US Inc., Zotefoams PLC are the major companies operating in Polyethylene Foam Market.

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