According to a recent survey conducted by ChemView Consulting, the Global Foam Pouch Market grew at a CAGR of 4.4% between 2017-2021 and is estimated to be US$ 473.1 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.7% and is expected to reach a valuation of US$ 748.9 Mn by 2032 end.
For the storage and transportation of sensitive goods like glassware, electronics, etc., foam pouches have emerged as the perfect packing options. They are consequently becoming more widely used in the industrial and commercial sectors.
The packaging that the primary product is contained in affects the consumer's decision to purchase that item. One of the most well-liked packing options are foam pouches, which have appealing qualities like non-toxicity, increased durability, good cushioning, high impact absorption capacity, etc. These pouches have become well-liked packaging options for shielding the products from damage because of their appealing qualities.
Foam sacks also offer sensitive products wear-resistant protection. These bags are durable and shield the product from dust and moisture. Because of this, they are appropriate for protecting goods like medical equipment and other electronics.
The use of foam pouches is expanding in the commercial and industrial sectors, and throughout the projected period, demand is anticipated to grow steadily.
To prevent product damage in transit, manufacturing sectors like electronics, cars, and pharmacies purchase foam pouches in bulk. To prevent scuffs, some luxuries are packaged in foam wallets.
Foam pouches are frequently used because they act as a cushion for sensitive items like electronics and glass silverware, which need to be protected because they are fragile. Hence, throughout the projection period, major players would have access to significant growth prospects due to increased usage across a variety of end-use sectors.
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About ChemView Consulting:
ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals & Materials, Food & Beverages, Packaging, Oil & Gas, New & Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.
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