Some of the leading manufacturers of foam pouch operating in the Foam Pouch 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, and Modern Packers and Polymers
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.
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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.
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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.
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