- Packaging foams are essential materials used in protecting fragile and sensitive goods during transportation and storage, offering cushioning, insulation, and shock absorption. They are widely used across industries including electronics, automotive, food, and pharmaceuticals
- The demand for packaging foams is significantly driven by the growth of e-commerce, increased global trade, and heightened awareness of protective packaging solutions to reduce product damage
- North America is expected to dominate the Packaging Foams market due to a strong logistics network, high demand from the electronics and automotive sectors, and the presence of leading packaging companies
- Asia-Pacific is expected to be the fastest growing region in the Packaging Foams market during the forecast period due to rapid industrialization, growth in manufacturing sectors, and rising e-commerce activities in countries like China and India
- Polyurethane (PU) foam segment is expected to dominate the market with a market share of 48.67% due to its superior cushioning properties, versatility, and widespread use in both flexible and rigid packaging applications
