Polypropylene Foam Packaging Material Market Size, Top Manufacturers and Revenue by 2022

The Global Polypropylene Foam Packaging Material Market is expected to witness rising demand in forthcoming period. The polypropylene is a thermoplastic polymer and made form monomer polypropylene finding varied use in packaging and labeling. Polypropylene is a white mechanically rugged and chemically resistant material voted as the second most widely produced synthetic plastic after polyethylene.

The industries most benefitted from uniquely gifted polypropylene foam such as absorption, acoustical properties, thermal insulation structural strength and chemical inertness are two-fold; namely automotive and packaging industry. Key factors to growth of polypropylene foam are demand for the material from major end-user industries.

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Rise in disposable incomes and changing lifestyles have had a huge impact on polypropylene foam market boosting market growth for the better. An increase in bio-based polypropylene is expected to fuel the market worldwide and furthermore R&D investments have fostered growth for the market. Recyclable industrial packaging has observed high growth from industries such as toys and furniture and will foster huge growth in polypropylene foam market.

Consumer choice for packed and frozen food will bolster packaging industry and indirectly help entire market. Fragile goods have a huge market for polypropylene foam observing predictable success over the last five years. Textile market will witness prolific growth over the forecast period and this will drive growth in polypropylene foams market.

Injection molding industry is an area not left untouched by polypropylene foam and is thus nimble footed in growth over forecast period. Segmentation of Polypropylene (PP) Foam Packaging Material Market by type includes EPP and XPP. Segmentation of polypropylene foam packaging material industry by application includes automotive, packaging and consumer products. By region, polypropylene foam packaging material market includes North America, Europe, Asia Pacific, MEA and Latin America.

Extruded polypropylene (XPP) is expected to be the fastest growing segment in polypropylene foams market.XPP foams have superior performance traits such as high impact resistance, light weight, water and moisture resistance and shape retention property which is reason for its much sought-after use in many selective applications.

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Asia-Pacific is undergoing transformative growth in industries driven mainly by economic prominence and sturdy infrastructure growth. Asia-Pacific is a rapid market for outgoing goods and polypropylene foams market hence faces an increasing demand. The key industry players in polypropylene foam packaging material market includes BASF SE, Borealis, DS Smith, Furukawa, JSP, Kaneka Corporation, KK Nag Ltd., Mitsui Chemicals, Inc., Sekisui Alveo AG, Synbra Holding and The Woodbridge Group.