LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global packaging foams market report. This research report also lists 12 other prominent vendors that are expected to impact the market during the forecast period.
Flexible foams are widely used in protective packaging on account of their soft feel and low density. They are most commonly used to pack lightweight, fragile, and shock-sensitive products, to ensure the protection of moving packaged items, heavy piece of equipment, and delicate devices from damage.
Competitive vendor landscape
The global packaging foams market is one of the growing markets consisting of major vendors present globally. These vendors operate in a fragmented market where products are sold for various end-user applications. Vendors focus on manufacturing products which comply with the fluctuation of oil prices.
“The major players have a geographical presence with production facilities located globally and possess operational capacities through strategic partnerships. New capacities are being set up by the vendors to ensure proximity and easy access to the fast-growing markets, such as China, India, and other developing countries,” says Hitesh Bhatia, a lead plastics, polymers, and elastomers research analyst from Technavio.
Other vendors in the market are coming up with new technologies and ideas to compete with the major global players. Since foam blowing agents vary with different companies, the competition is high among all regional as well as global vendors engaged in this market.
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Top five packaging foams market vendors
Arkema manufactures foam under the brand name Plastistrength acrylic processing aids. Plastistrength process aids improve properties like metal release and surface finishing. This brand of products finds wide application in packaging, building and construction, consumer goods, and chemicals and plastics.
BASF manufactures packaging foams under the brand name of Neopolen (EPP/EPE), Styropor (EPP/EPE), Neopor (EPS), and E-por (EPS). For instance, Neopolen is a polypropylene foam, which consists of expanded closed-cell foam particles. It is supplied to molders in the form of loose beads for processing into a wide range of foam parts on automated processing equipment.
Borealis introduced a new product for packaging applications called Daploy WB140HMS, used to produce extruded polypropene (PP) foams with a wide range of applications. This product is a long-chain-branched PP polymer, developed for the foam extrusion process.
Sealed Air is one of the leading manufacturers of low-density polyurethane, manufactured under the brand name of Instapak. All product base of Instapak is free of CFC and hydrochlorofluorocarbons (HCFCs). Some of the benefits of Instapak are that it is economical, versatile, easy to be used in packaging, has unique cushioning property, and decreases warehouse space.
Zetofoams manufactures packaging foams under the brand name AZOTE and ZOTEK foams. These are used in protective packaging, returnable transit packaging, military packaging, packaging in aviation and aerospace, electronics packaging, and conservation packaging which contain regular cell and these are highly energy absorbent making them ideal materials for protective packaging.
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