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Developed from linear low density polyethylene and low density polyethylene, the enhanced expanded polyethylene foam solution is considered to be both convenient and brilliant on the quality front
In a bid to address the burgeoning demand of modern-age shippers, retailers, and consumers for adoption of smart packaging solutions, Dow Packaging and Specialty Plastics has come forward to put forth a novel innovation in the form of a new age ultra-efficient packaging solution. Developed from linear low density polyethylene and low density polyethylene, the enhanced expanded polyethylene foam solution is considered to be both convenient and brilliant on the quality front.
Moreover, this solution has garnered massive traction for its ability to offer superior protection from stress-with its high flexibility and firmness, and deliverance of greater value- via its prolific cost effectiveness. Similar moves by companies in the global expanded polyethylene foam market to upgrade their operational efficiencies and cater to the massive product demand across packaging, construction, automotive, and electronics sectors are expected to generate profitable avenues for the overall market over the span of 2020 to 2026.
It has been estimated that the global EPE foam industry would accrue phenomenal gains in the near future, positively driven by massive demand from the packaging industry. EPE is generally used in packaging industry for corner pads, dust covers, anti-static packaging covers, fragile item packaging, and tailored foam packaging buffers amongst others to ensure the safety of these products. This apart, the product is also being abundantly used in packaging of machinery, consumer durables, and electronics due to its property of offering exceptional insulation.
In this case, it would be safe to declare that the expansion of packaging industry would have a direct impact on overall EPE foam market. Speaking of which, it is noteworthy to state that the Asia Pacific region has come out strong in the packaging industry, mainly due to increased rate of packaging consumption in the economies of China and India.
In fact, numerous reports have claimed that Asia Pacific EPE foam market would record a valuation of $1.3 billion by the end of 2026. This can be ascribed to the proliferating shopping trends in the economies of Asia Pacific as EPE foams are deemed suitable for packaging of fruits and vegetables, preserving the nutritional value of these to help consumers stay healthy and fit.
Let alone the packaging applications, construction industry is also likely to leverage substantial benefits of EPE foams in the years to follow. This can be credited to the ongoing infrastructure development activities across various emerging and developed economies of the world. EPE foam is typically used as a chief acoustic material in various construction projects, while on the other hand its use as re-usable floor protection for interior works is also gaining immense traction worldwide.
What accounts for the growth EPE market in trillion-dollar construction business space?
Growth of EPE foam market in the construction industry is barely propelled by various policies and regulations in the emerging market like China and India, in conjugation with rising implementation of Building Information Modeling in European nations, which attempts to merge architecture, engineering, and construction tools to produce more effective plans and better manage new as well as existing structures.
Rising significance of green buildings is also adding to the growth graph of EPE foam market across the construction industry. EPE foams have emerged as an ideal choice for green building design as they make use of recycled content and provide increased energy efficiency which are tangible environmental advantages. In fact, most of the goals associated with green buildings are met by the application of EPE foams, including the likes of localized production, which reduces impact of distant transportation of materials while also minimizing jobsite labor cost and waste during installation.
Although EPE foam boasts of expansive applications due to its properties such as impressive thermal insulation, superior durability, resistance to moisture, flexible mechanical features, and ease of transportation, the dearth of recyclability knowledge has indeed let these products to end up in landfills, adding to the environmental pollution. This factor has, ultimately, offered a hinderance to the development of EPE foam market. However, various powerful players partaking in this industry have been relentlessly working towards production of sustainable EPE foam that add credibility to the sustainability quotient.
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Arun Hegde
Corporate Sales USA
Global Market Insights Inc.
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