Bio-Based Foam Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Raw Material (Corn, Sugarcane, Soy, Others) By Type (Rigid, Flexible) By End Use Industry (Building & Construction, Packaging, Automotive, Others), By Region and Competition 2018-2028
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationBio-Based Foam Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Raw Material (Corn, Sugarcane, Soy, Others) By Type (Rigid, Flexible) By End Use Industry (Building & Construction, Packaging, Automotive, Others), By Region and Competition 2018-2028
In 2021, the number of people participating in e-commerce are around 502 million in Europe.
The extensive usage of bio-based foam packaging in end-use sectors including food and beverage, healthcare, and automotive is the outcome of a progressive global shift from synthetic to biodegradable materials. Restrictions placed on the use of petroleum-based materials in specific end use applications are anticipated to further encourage the development of bio-based foam results in the growth of Global Bio-Based Foam market in the forecast period.
Quickly Rise up E-Commerce Industry
For instance, according to ET prime, B2B e-commerce platform Udaan shipped over USD 1.7 Bn products in 2022.
Sugarcane
For instance, in October 2022, Braskem invested over USD 60 million to boost the production of its I'm green biopolymer, a bioplastic made from sugarcane.
Growing Demand from End Use Industries
For instance, the Energy Conservation Building Code and other programs were established by the Indian government to encourage the construction of energy-efficient structures.
The need for bio-based foam rises as more cars are manufactured in the automotive sector. Since bio-based foams are utilized to improve comfort, vehicle efficiency, protection, energy efficient and are easily biodegradable which leads to increase in demand for this type of foam for packaging purposes which led to increase the demand of Global Bio-Based Foam market in the forecast years.
Recent Developments
- In November 2022,
Huntsman launch of ACOUSTIFLEX® VEF BIO system (foam technology) for molded
acoustic applications in the automotive industry.
- Huntsman Co.
signed MOU with KEEN Inc. for production of line of shoes on the plant-based
soles in February 2022.
- In February 2022,
Sealed Air Co. buy Foxpack Flexibles Limited.
- For the mobility
industry, Huntsman offers a variety of bio-based foam technologies in
August 2019.
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Market Segmentation
Company Profiles
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative Units |
Revenue in USD Million, Volume in Metric Tonnes, and
CAGR for 2018-2022 and 2023-2028 |
|
Report coverage |
Revenue forecast,
volume forecast, company share, competitive landscape, growth factors, and
trends |
|
Segments covered |
Raw Material Type End Use Industry |
|
Regional scope |
North America,
Europe, Asia Pacific, South America, Middle East & Africa |
|
Country scope |
United States; Mexico; Canada; France; Germany; United
Kingdom; Spain; Italy; Belgium; China; India; South Korea; Japan; Malaysia; Brazil;
Argentina; South Africa; Saudi Arabia; UAE |
|
Key companies profiled |
Woodbridge
Corporation, EVA GLORY Industrial Co., Ltd, BASF SE, Cargill Inc., BEWi ASA,
Stora Enso Oyj, Trocellen GmbH, Lifoam Industries, LLC, Huntsman Corporation,
Foamite Industries Inc. |
|
Customization scope |
10% free report customization with purchase.
Addition or alteration to country, regional & segment scope. |
|
Pricing and purchase
options |
Avail customized
purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request) |
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