The Evolution of the Foam Plastics Market: Technological Advancements and Future Prospects
The global foam plastics market size is expected to reach USD 73.88 billion at a revenue CAGR of 4.5% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to high demand in packaging applications as the material enables high level of safety and damage avoidance during transportation along the supply chains. Other major advantages of foam plastic applications in packaging is cost-effectiveness and easy availability. Also, foam plastics can be molded into a wide variety of shapes, and is thus used in specific applications demanding custom packaging. Also, usage of polyethylene foam in electronics goods packaging ensures superior cushioning, as well as good insulation during transportation. The Foam Plastics Market Market report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global positio...