Foam Pouch Market: An Overview
Over the last few years, consumer’s decision-making process of purchasing the any product also consist of packaging format around the inside product. Foam pouch is one of the popular packaging solutions which consist of some attractive features such as lightweight, non-toxic, enhanced durability, abrasion-resistant, excellent cushioning, superior- quality, high shock absorption capacity and many more. Foam pouch is considered as an enormous lightweight packaging solution that protects product from getting damaged from the outer environment.
Moreover, foam pouch offers non-abrasive protection for delicate products. Foam pouch gives reliable and long-lasting protection from moisture and dust to the product. Furthermore, foam pouch has become one of the popular packaging solutions especially for medical devices, electronic products and many more. Foam pouch is a lightweight packaging solution that reduces the carriage cost of the product due to which the usage of foam pouch has increased by brand owners in the last couple of years. Overall the growth outlook for foam pouch is estimated to remain progressive during the coming years.
Foam Pouch Market: Dynamics
Increase in the growth of the electronic industry resulted in higher demand for foam pouches as it provide precise protective packaging to the electronics equipment’s. Furthermore, the rising usage of foam pouch in the pharmaceutical industry for the packaging of pharmaceutical products is propelling the growth of the foam pouch market. Additionally, for packaging of personal care and cosmetic products, the use of foam pouches has increased which further amplify its sales in the market
Due to the convenient use and lightweight packaging, the demand for flexible packaging has increased and thus leading to a rise in demand for foam pouch. Moreover, the e-commerce industry is playing a vital role in the increasing growth of the foam pouch market. In e-commerce sector, the usage of foam pouch has increased due to their abrasion-resistant and enhanced durability properties which is driving the sales growth for foam pouch in the market.
Another factor that drives the growth of the foam pouch is low costs. Foam pouches are cost-effective and easily available due to which the adoption of foam pouch has increased in the end-use industry as well as manufacturers are also preferring foam pouch as a favourable packaging solution. On the other hand less and difficult recycling of foam pouch can raise some environmental issues. The concern for sustainable packaging solutions has increased among consumers as well as manufacturers which are restraining the growth of the foam pouch market considerably.
Foam Pouch Market: Segmentation
The foam pouch market can be segmented as follow:
Based on Thickness, the global market of foam pouch is segmented as:
- Up to 3 mm
- 3 to 5 mm
- Above 5 mm
Based on Capacity, the global market of foam pouch is segmented as:
- Up to 100 gm
- 100 to 300 gm
- 300 to 500 gm
- Above 500 gm
Based on End Use Industry, the global market of foam pouch is segmented as:
- Electrical & Electronics
- Pharmaceutical & Healthcare
- Food & Beverages
- Personal Care
Foam Pouch Market: Regional Outlook
Based on the geography, the foam pouch market is categorized into North America, Latin America, Europe, Asia Pacific and Middle and East Africa. Across the globe, key players in the market are introducing foam pouch in different colours and prints and using them as a promotional tool which is augmenting the growth of the target market. The Asia Pacific region is driving the market of foam pouch due its consistent demand from leading end use industries such as automotive and electronics industries. The automobile industry is using foam pouch as a packaging solution for automobile parts and is expected to stimulate the sales of foam pouch in the coming future. North America has become the fastest-growing region for the personal care industry which inducing positive impact on the sale of foam pouches as it offers long-lasting protection from dust and moisture to the products. In terms of market share, the Europe region is following the trend of North America region and estimated to hold hefty market share during the forecast period.
Foam Pouch Market: Key Players
Some of the leading manufacturers of foam pouch operating in the market are-
- Shenzhen Oriental Industrial Manufacturer Co., Ltd
- STARPACK Overseas Private Limited
- Sparsh Mediplus
- Pregis LLC.
- S. B. PACKS & PRINTS
- Orion Pack Art
- Aaditya Enterprises
- Suzhou Hi-tech Zone Chuangfei Packaging Technology Co., Ltd
- Premier Protective Packaging
- Yashika Enterprises
- Modern Packers and Polymers
The report foam pouch market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, 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 foam pouch market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- Asia Pacific
- Middle East & Africa (MEA)
Foam Pouch Market Reports Highlights:
- A detailed overview of the parent market
- Changing foam pouch market dynamics in the industry
- In-depth foam pouch market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in the foam pouch market
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for players to sustain and enhance their market footprint
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
- 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.