Global Foam Insert Market: An Overview

Foam inserts ensure damage-free transportation of fragile products from one place to another during the process of shipping. To meet the different needs of packaging, foam inserts are being developed for the safety of products. High-level protection is offered to the packaged goods when packed with a form insert. Manufacturing companies provide foam inserts as per product fabrication, container dimension, and package size. Foam inserts are generally used by the manufacturers of electrical and electronic products due to their fragile nature. Foam inserts are also used by the defense industry to protect artilleries and other defense equipment from damage or spoilage. A foam insert is lightweight, durable, and easy to mold according to the goods or products. Foam inserts are used in various industries including automotive, electrical & electronics, food & beverages, military applications, manufacturing, and healthcare among others.

Global Foam Insert Market: Dynamics

Applicants responsible for the demand for foam inserts are electronics and appliances, pharmaceuticals and medical devices, and consumer product manufacturing industries. The foam insert market is driven by manufactures of fragile goods. These foam inserts are shaped according to the shape and size of the products, which are to be packed in the container and ensure damage-proof packing. Some chemical products which can be hazards when directly exposed to the environment are properly kept in packed containers with the help of a foam insert. It also gives stability and rigidity to the packaged goods to prevent any physical damage. Highlighting a largely fragmented and unorganized market structure for form insert, the increased in number of small scale regional manufacturers, is expected to grow the global market for foam insert.

Use of foam packaging is steadily witnessing a ban across some parts of the world, which can restrain the foam insert market. Catering to various specifications of product packaging is a resolvable experiment, however, it requires significant expenditure on recalibration of production machineries and replacement of traditional protective packaging methods. Market players in the foam insert market are been forced by the environmental protective agencies to consider recycling and reusing foam insert packaging products. This has lowered the profit margins and affected operation costs.

Global Foam Insert Market: Segmentation

The global foam insert market is segmented as follows -

By material, the global foam insert market is segmented into –

  • Polyurethane
  • Polyethylene
  • Antistatic Polyethylene

By product type, the global foam insert market is segmented into –

  • Charcoal Foam
  • Neoprene Foam
  • Anti-static Foam
  • Polystyrene (EPS)
  • Egg-crate Foam
  • Electrostatic Discharge (ESD) Form

By end-user industry, the global foam insert market is segmented into –

  • Electrical & Electronics Industry
  • Chemical Industry
  • Automotive and Mechanical Parts
  • Medical Device & Pharmaceuticals Industry
  • Building and Construction Industry
  • Defense Industry

Global Foam Insert Market: Regional Outlook

A profitable open market for foam inserts is observed to be the Asia-Pacific excluding Japan (APEJ) region. Manufacturing centers like China, South Korea, and India will factor the acceptance of foam inserts in the APEJ region. The report has projected that the demand for foam insert packaging products made of polyurethane materials will be prominent. The increasing demand for the ESD form in Asia Pacific region will also push the demand for foam inserts.

Recent Developments in the Global Foam Insert Market

A foam insert is an additional item which provides protection to packaged goods, which are to be delivered or shipped. Purchase patterns in the retail market have seen more inclination towards online shopping, simultaneously leading the demand for protective packaging such as foam inserts, over the coming years.

  • In terms of material type, neoprene foam materials will register prominent sales in the forecast period.
  • In July 2016, Orlando Products, Inc. (Baltimore, Maryland, USA) successfully acquired Absolute Packaging, LLC, and (Springfield, Virginia, USA). This acquisition provides Orlando Products with additional manufacturing capacity and expands the company's presence in the Northern Virginia market.

Global Foam Insert Market: Key Players

Some of the leading players operating in the global foam insert market are as follows –

  • Sonoco Products Company
  • DRB Packaging
  • Volk Packaging Corporation
  • Sealed Air Corporation
  • Pregis Corporation
  • Tucson Container Corporation
  • Rogers Foam Corporation
  • Wisconsin Foam Products
  • Plastifoam Company
  • Armstrong Brands, Inc.
  • Tucson Container Corporation

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Foam Insert Market

Pre Book