발포 폴리프로필렌 포장 시장 예측(-2030년) : 재료별, 포장 유형별, 용도별, 지역별 세계 분석

According to Stratistics MRC, the Global Expanded Polypropylene Packaging Market is accounted for $469.8 million in 2024 and is expected to reach $797.1 million by 2030 growing at a CAGR of 9.2% during the forecast period. Expanded Polypropylene (EPP) packaging is a lightweight, resilient, and adaptable material created by heating and expanding polypropylene resin. As a result, a foam-like structure with superior cushioning, impact resistance, and thermal insulation is created, which makes it perfect for safeguarding goods while they are being stored and transported. Electronics packaging, auto parts packaging, food containers, and consumer products packaging all make extensive use of EPP.

According to estimates, the end caps segment is anticipated to reach a revenue share of 37.8% in 2024. Furthermore, it is anticipated that the cushioning of the products is to account for 34.2% of the market in 2024.

Market Dynamics:

Driver:

Demand from Automotive Industry

The automobile industry's demand for Expanded Polypropylene (EPP) Packaging is enormous due to EPP's lightweight, durable, and protective properties. EPP guarantees less damage and lowers logistical costs when used to package delicate products, automotive parts, and components during transportation. EPP's market presence and adoption in automotive applications are further enhanced by the growing demand for efficient, economical, and sustainable packaging solutions brought about by the growth of the automotive industry, especially with the rise of electric vehicles.

Restraint:

High Initial Manufacturing Cost

The high initial manufacturing cost of Expanded Polypropylene (EPP) packaging stifles market growth, especially among small and medium-sized firms. Compared to alternatives like cardboard or polyethylene, EPP is more costly due to its unique production process and raw material expenses. Businesses may be deterred from using EPP by this cost barrier, particularly in sectors where prices are crucial. Its general acceptance is further limited by the upfront investment needed for machinery and equipment to make it, which slows market expansion.

Opportunity:

Technological Advancements

Technological improvements in EPP production have a significant impact on the industry by improving the material's qualities, such as insulation, shock resistance, and customization options. EPP can be customized for a variety of applications thanks to advancements in molding and manufacturing processes, which boosts its adaptability and effectiveness. These developments boost market growth by improving performance and lowering production costs, which makes EPP a more appealing choice for businesses looking for packaging solutions that are sustainable, long-lasting, and lightweight.

Threat:

Limited Availability of Raw Materials

The scarcity of raw materials for Expanded Polypropylene (EPP) packaging can stymie market expansion by producing supply chain interruptions and pricing volatility. EPP depends on petroleum-based polypropylene, which is susceptible to changes in the price of oil globally and shortages in supply. These limitations may cause manufacturing schedule delays and higher production costs. The limited availability of raw materials in areas with lower access to polypropylene may limit the scalability and uptake of EPP packaging solutions.

Covid-19 Impact:

The COVID-19 pandemic had a mixed impact on the Expanded Polypropylene (EPP) Packaging Market. While supply chain disruptions and factory shutdowns initially slowed production, the surge in e-commerce and the need for protective packaging boosted demand for EPP in logistics and consumer goods sectors. The automotive industry's slowdown during the pandemic temporarily reduced EPP usage, but as recovery progressed, demand in both automotive and packaging applications began to rebound.

The foam inserts segment is expected to be the largest during the forecast period

The foam inserts segment is expected to be the largest during the forecast period as EPP's exceptional shock-absorbing and cushioning properties make it ideal for creating custom foam inserts, which provide superior protection for fragile and sensitive items during transit. Industries like electronics, automotive, and pharmaceuticals increasingly adopt these inserts to prevent damage, enhance product safety, and reduce waste. As demand for protective packaging rises, foam inserts are driving greater adoption of EPP solutions.

The molded parts segment is expected to have the highest CAGR during the forecast period

The molded parts segment is expected to have the highest CAGR during the forecast period because EPP's ability to be molded into custom shapes and sizes makes it ideal for creating precise, protective packaging solutions for diverse products, including automotive parts, electronics, and consumer goods. Molded EPP parts offer excellent impact resistance, lightweight properties, and durability, making them a preferred choice for manufacturers seeking cost-effective, tailored, and sustainable packaging solutions, thus boosting market demand.

Region with largest share:

North America is projected to hold the largest market share during the forecast period due to high demand for lightweight, durable, and sustainable packaging solutions in industries such as automotive, electronics, and e-commerce. EPP is becoming more and more popular among North American manufacturers due to its cost-effectiveness, protective qualities, and capacity to be recycled. The region's inventiveness and sophisticated manufacturing skills are also fueling the North American market's expansion.

Region with highest CAGR:

Asia Pacific is projected to witness the highest CAGR over the forecast period owing to several key factors. Rapid industrialization, particularly in the automotive, electronics, and e-commerce sectors, is driving the demand for durable and protective packaging. EPP's superior shock-absorbing qualities make it ideal for packaging sensitive and high-value products, boosting its adoption. Competitive manufacturing costs and innovations in EPP production further support market growth, positioning Asia Pacific as a major hub for EPP packaging solutions.

Key players in the market

Some of the key players in Expanded Polypropylene Packaging Market include JSP Corporation, BASF SE, Kaneka Corporation, Hanwha Solutions Corporation, DS Smith, Pregis Corporation, ACH Foam Technologies, Sonoco Products Company, Storopack Hans Reichenecker GmbH, Clark Foam Products Corporation, Omnipack s. r. o., PARK Industries Pvt Ltd, Lamar Packaging Systems, Schaumaplast, Moulded Foams Ltd, Orbis Corporation, Storopack Hans Reichenecker GmbH and Signode Industrial Group LLC.

Key Developments:

In July 2024, BASF launched Haptex 4.0, an innovative polyurethane solution for the production of synthetic leather that is 100% recyclable.

In May 2024, BASF expanded its biomass balance offering to include BMBCertTM 1,4-butanediol (BDO), tetrahydrofuran (THF), polytetrahydrofuran (PolyTHF(R)) and 3-(dimethylamino)propylamine (DMAPA) also achieved certifications for all these products.

In March 2024, Kaneka Corporation launched JAS-certified*1 organic milk Pur Natur, "Organic Milk Made from Organic Raw Milk". This will be the second organic dairy product in the Pur Natur brand following yogurt.

Materials Covered:

• Blocks & Sheets
• Molded Parts
• Foam Inserts
• Custom-Formed Packaging

Types of Packaging Covered:

• Rigid Packaging
• Flexible Packaging

Applications Covered:

• Automotive Packaging
• Electronics Packaging
• Food Packaging
• Consumer Goods
• Industrial Packaging
• Medical Device Packaging
• Sporting Goods

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Expanded Polypropylene Packaging Market, By Material

• 5.1 Introduction
• 5.2 Blocks & Sheets
• 5.3 Molded Parts
• 5.4 Foam Inserts
• 5.5 Custom-Formed Packaging

6 Global Expanded Polypropylene Packaging Market, By Type of Packaging

• 6.1 Introduction
• 6.2 Rigid Packaging
• 6.3 Flexible Packaging

7 Global Expanded Polypropylene Packaging Market, By Application

• 7.1 Introduction
• 7.2 Automotive Packaging
• 7.3 Electronics Packaging
• 7.4 Food Packaging
• 7.5 Consumer Goods
• 7.6 Industrial Packaging
• 7.7 Medical Device Packaging
• 7.8 Sporting Goods

8 Global Expanded Polypropylene Packaging Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 JSP Corporation
• 10.2 BASF SE
• 10.3 Kaneka Corporation
• 10.4 Hanwha Solutions Corporation
• 10.5 DS Smith
• 10.6 Pregis Corporation
• 10.7 ACH Foam Technologies
• 10.8 Sonoco Products Company
• 10.9 Storopack Hans Reichenecker GmbH
• 10.10 Clark Foam Products Corporation
• 10.11 Omnipack s. r. o.
• 10.12 PARK Industries Pvt Ltd
• 10.13 Lamar Packaging Systems
• 10.14 Schaumaplast
• 10.15 Moulded Foams Ltd
• 10.16 Orbis Corporation
• 10.17 Storopack Hans Reichenecker GmbH
• 10.18 Signode Industrial Group LLC