Atmospheric Foam Packaging market to reach 1,658.2 million units by 2026 With Cagr Of 3.4% Forecast During 2019 To 2026

Atmospheric foam packaging market

SEATTLE, WA, UNITED STATES , January 11, 2022 /EINPresswire.com/ -- Market Overview

Atmospheric foam packaging market¹ are more effective at spreading dispensing liquid faster than plain lotions or foams, making them more economical. The frequent use of air conditioning systems indoors leads to the accumulation of dust on the floor or wall surfaces, and the resulting smell makes people ill. The use of air conditioners also results in the accumulation of dirt, grime, and other contaminants on the pump and hoses that can affect the efficiency and performance of foam dispensers.

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Competitive Landscape:

Key companies covered as a part of this study include Albea S.A., RPC Group, Rieke Packaging System, Guangzhou Talents Cosmetics Packaging Co., Ltd., CLC Co., Ltd., Mitani Valve Co., Ltd, Yoshino Industrial Co., Ltd., Daiwa Can Company, Ltd, Hangzhou Ruijing Packaging Co Ltd, Zhongshan HaiFeng Packaging, and Zhejiang JM Industry Co. Ltd. among others.

Market Dynamics

Rising technological advancements in the packaging industry are expected to propel the global atmospheric foam packaging market growth over the forecast period. The packaging industry continues to change with key companies in the market investing significantly in research and development activities. For instance, in April 2020, Cryopak launched a new Solversa sustainable packaging product line made by using post-consumer recycled PET or cotton fibers. Furthermore, in September 2020, Storopack launched new FOAMplus 5504RC foam with renewable content, weighing 0.30 pounds per cubic foot. Hence, such factors are expected to drive growth of the global atmospheric foam packaging market during the forecast period.

However, the availability of better alternative solutions and increasing demand for airless pump packaging are expected to hamper the global atmospheric foam packaging market growth over the forecast period.

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Impact of COVID-19

The global atmospheric foam packaging market witnessed a sharp decline due to the outbreak of the COVID-19 pandemic. Following the outbreak, many countries implemented stringent lockdown policies, rendering stagnation in many industries. Atmospheric foam packaging is used across many industries. However, regulations on physical distancing led to a critical impact on growth of the market. The E-commerce sector also witnessed a major negative impact during the COVID-19, which further impacted the market in the discussion. However, the rollout of vaccines and declining cases is expected to aid the market to regain the lost traction.

Key Takeaways

The global atmospheric foam packaging market is expanding rapidly, registering a CAGR of 3.4% during the forecast period. This is owing to increasing disposable income and changing lifestyles.

Among regions, Asia Pacific is expected to witness significant growth in the global atmospheric foam packaging market during the forecast period. This is owing to increasing demand for hand care products across airports.

Key companies involved in the global atmospheric foam packaging market are Albea S.A., RPC Group, Rieke Packaging System, Guangzhou Talents Cosmetics Packaging Co., Ltd., CLC Co., Ltd., Mitani Valve Co., Ltd, Yoshino Industrial Co., Ltd., Daiwa Can Company, Ltd, Hangzhou Ruijing Packaging Co Ltd, Zhongshan HaiFeng Packaging, and Zhejiang JM Industry Co. Ltd.

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Important Features that are under Offering and Key Highlights of the Reports:

– Potential and niche segments/regions exhibiting promising growth.
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Market
– Strategies of key players and product offerings

𝐓𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭'𝐬 𝐬𝐭𝐮𝐝𝐲 𝐨𝐛𝐣𝐞𝐜𝐭𝐢𝐯𝐞𝐬 𝐚𝐫𝐞 𝐚𝐬 𝐟𝐨𝐥𝐥𝐨𝐰𝐬:

✤ SWOT Analysis is used to define, assess, and analyse market competition by focusing on the world's major manufacturers. The market is defined, described, and forecasted by type, application, and region.

✤ Examine the potential and advantages of the global and major regional markets, as well as the opportunities and challenges, as well as the constraints and risks.

✤ Determine whether market growth is being driven or hampered by trends and factors.

✤ Stakeholders will be able to assess market potential by identifying high-growth categories.

✤ Conduct a strategic analysis of each submarket's growth trends and contribution to the market.

✤ Competitive developments in the market include expansions, agreements, new product launches, and acquisitions.

✤ To develop a strategic profile of the major players and conduct a thorough analysis of their growth strategies.

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐀𝐝𝐝𝐫𝐞𝐬𝐬𝐞𝐝:

✔ In the next seven years, what innovative technology trends should we expect?
✔ Which sub-segment do you believe will grow the fastest over the next few years?
✔ By 2028, which region is predicted to have the largest market share?
✔ What organic and inorganic strategies are businesses employing to gain market share?

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