The Global Compostable Particle Foam Market size is estimated to reach $62.5 million by 2028 with an annual growth rate of 12%. The automotive segment accounted for the largest share in 2021, followed by logistics, packaging, and others. North America led the market in terms of revenue and is expected to maintain its dominance over the forecast period owing to a rise in disposable income levels coupled with an increase in awareness about sustainable practices.
Compostable Particle Foam is a new type of innovative packaging that creates an air-tight seal while being biodegradable. It does not use synthetic materials like the traditional polystyrene, which takes centuries to decompose and leaves a toxic residue behind in the water. Compostable foams are made from natural ingredients such as bamboo, soybean oil, or sugarcane, so they dissolve into the soil rather than pollute our waterways and harm animals or plants with chemicals during their journey through nature. This material also has high insulating qualities for food storage without using any petroleum products.
On the basis of Type, the market is segmented into 0.80 MM Foam and, 1.05MM Foam.
Particle foam is a composite material that consists of small particles such as wood or paper, which are bonded together in an organic binder. The size of the particles varies from 0.80 mm to about 12 mm.
These types offer excellent acoustic insulation and have good resistance against impacts; they also provide high fire protection performance and can be used for many years with little appreciable change in properties but their capacity for sound absorption decreases over time
Compostable Particle Foam is a material that is made up of a multitude of small particles bonded together with an adhesive. This type of foam can be broken down by bacteria in less than six months, making it a more environmentally-friendly alternative to traditional polyurethane foams.
The larger particle size gives better thermal insulation properties (R-value) as well as noise reduction capabilities when compared to smaller particle sizes because the greater mass absorbs sound waves better while still providing good temperature control. In addition, they have superior water resistance because there is no open cell structure.
On the basis of Application, the market is segmented into Automotive, Logistics, Packaging, and Others.
Compostable Particle Foam is a type of foam that can degrade in the presence of bacteria and sunlight. It is typically used as an insulation material for automotive applications to reduce thermal conductivity, which also reduces fuel consumption by up to 15%. This makes it a popular product with organizations such as Ford Motor Company who are seeking ways to cut their carbon footprint while maintaining efficiency. Compostable particle foam will not become brittle or lose its shape when exposed to ultraviolet light like traditional foams do; making this material more durable than others on the market.
Compostable Particle Foam is used in logistics for packing and cushioning. It cushions loads during transit to prevent damage as well as provides form-fitting protection inside the item being shipped. Compostable particle foam also aids in creating a more uniform weight distribution, which reduces stress on vehicles or freight items while moving them around the warehouse. This can be especially helpful when handling delicate goods that could easily get damaged if dropped from too high of an area such as shelves or palettes onto concrete flooring.
Compostable particle foam is used in packaging. It can be produced with various types of fillers and additives to cater to the needs of specific applications like food, soaps, etc. The product can also be applied as a sealant to protect food items from moisture or oxygen.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Asia Pacific market is expected to show robust growth during the forecast period owing to growing awareness among consumers, which is triggering demand for environmentally friendly products.
The market in North America is also projected to exhibit an impressive CAGR over the forecast years due to the extensive usage of foam packaging and insulation material by automotive industry players. The European market is expected to grow at a relatively moderate rate over the forecast period owing to fluctuating policies and regulations.
The market in Latin America is anticipated to show average growth during the forecast years due to a rise in disposable income, increasing demand for packaging material from food & beverage industry players, as well as growing usage of foam insulation materials by automotive industries.
The global compostable particle foam market is anticipated to grow significantly in the next eight years. The major factor driving this growth include growing awareness about environmental sustainability and mounting government regulations for ensuring better recycling of post-consumer materials, such as recycled ABS plastic, polystyrene, and polypropylene foam.
These requirements are likely to fuel the adoption of new sustainable technologies that minimize waste generation while producing long-lasting products with improved levels of protection against fire or water damage. Furthermore, there is a notable shift towards eco-friendly packaging material which can be easily decomposed under various conditions. These factors will help provide an impetus to higher demand from end-users demanding greener products across industries such as logistics & manufacturing, the automotive industry, etc., over the forecast period.
Up Market Research published a new report titled “Compostable Particle Foam Market research report which is segmented by Types (0.8MM, 1.05MM), By Applications (Automotive, Logistics, Packaging, Others), By Players/Companies BASF, Green Cell Foam, Synprodo”.
|Report Attributes||Report Details|
|Report Title||Compostable Particle Foam Market Research Report|
|By Type||0.8MM, 1.05MM|
|By Application||Automotive, Logistics, Packaging, Others|
|By Companies||BASF, Green Cell Foam, Synprodo|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||205|
|Number of Tables & Figures||144|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type 0.8MM, 1.05MM and By Application Automotive, Logistics, Packaging, Others.
Some of the companies that are profiled in this report are:
Compostable Particle Foam Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Compostable Particle Foam Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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