The global foam packaging market size is estimated to grow from USD 17.40 billion in 2022 to reach an estimated USD 29.28 billion by 2032, growing at a 5.35% CAGR between 2023 and 2032.
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The foam packaging is the process of encasing things in foam, such as expanded polystyrene (EPS) or polyethylene (PE), to keep them safe during handling and transportation. These materials were selected because they are very effective at absorbing shocks and are lightweight. 98% of foam packing is air. The development of foam packing has been characterised by an ongoing search for innovation to satisfy changing industry demands. The market has seen a radical shift from conventional Styrofoam blocks to custom-molded foam inserts, propelled by developments in material science and production technology. Foam packing was first only used for simple protective purposes. Customisation and sustainability, however, have been the industry’s main growth pillars over time.
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