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The global expanded polyethylene (EPE) foam market size reached USD 1,162.43 million in 2023. The market is further projected to grow at a CAGR of 6.0% between 2024 and 2032.
EPE foam, a versatile cellular plastic, is made by expanding and extruding polyethylene resin. This process yields a material that is pliable, durable, lightweight and possesses impressive cushioning properties. Due to these distinctive attributes, it finds a wide array of applications across various industries.
According to the global expanded polyethylene (EPE) foam market report, EPE foam, used across construction, sports, automotive, packaging, and healthcare, protects fragile items during transit, reducing damage from shocks. Its moisture resistance and insulation benefit temperature-sensitive goods, while in construction, it insulates for sound and heat absorption. In automotive, it enhances safety by absorbing impacts.
India is the world's third-largest automobile market, per the National Investment Promotion and Facilitation Agency. Between April 2021 to March 2022, the industry manufactured a combined 22.93 million vehicles, encompassing passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles, thus boosting the global expanded polyethylene (EPE) foam market growth.
The expanding global expanded polyethylene (EPE) foam market is driven by sustainable innovation, customization, enhanced performance, and integration within the e-commerce sector.
February 2024
EPS, composed of 98% air, led in packaging and insulation, promoting a circular economy with full recyclability. It shielded electronics and transported food safely. The Pod Stewardship Code of Conduct and StyroCycle program advanced EPS recycling in Australia.
December 2023
EPE foam sheets from The Foamex Group played a key role in an artistic outdoor installation at Adelaide Zoo, featuring illuminated animal sculptures, including giraffes, pandas, and colourful skinks.
July 2023
Foamex, a top supplier of expanded and extruded polystyrene construction materials, announced the partnership with EPSA's StyroCycle, for recycling EPS for new products like building insulation.
May 2021
ARPLANK, a novel foam introduced in Europe, is a durable closed-cell material made from expanded polyethylene (EPE) bead foam. It finds applications in packaging, cushioning, dunnage, thermal management, and flotation.
Sustainable Innovation
As per the global expanded polyethylene (EPE) foam market analysis, EPE foam manufacturers are increasingly embracing sustainable methods, utilizing eco-friendly materials and processes to address environmental issues, consequently driving the industry.
Customization & Versatility
The global expanded polyethylene (EPE) foam market developments are attributed to the rising demand for customized solutions that propel innovation, providing a wide array of customizable shapes, sizes, and densities to cater to various needs across industries such as packaging and automotive.
Enhanced Performance
Advancements in EPE foam technology focus on improving shock absorption, thermal insulation, and durability, catering to evolving needs in sectors such as healthcare and construction. This drives the market, satisfying varied industry needs with enhanced features and performance capabilities.
Integration in E-commerce
The surge in online shopping has resulted in extensive adoption of EPE foam for packaging, ensuring the safe transport of products and reducing its ecological footprint.
According to the global expanded polyethylene (EPE) foam market study, EPE foam manufacturers respond to strict packaging regulations by developing products that meet safety and recyclability criteria, aligning with evolving sustainability standards.
Industries handling temperature-sensitive items, such as food, pharmaceuticals, and electronics, prefer EPE foam due to its excellent thermal insulation properties.
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Global Expanded Polyethylene (EPE) Foam Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by Application
Market Breakup by Region
Due to its versatility in providing flexible packaging solutions adaptable to diverse product shapes and sizes, EPE foam coils are contributing to the growth of the global expanded polyethylene (EPE) foam market
EPE foam coils provide superb cushioning for delicate items in transit, offering cost-effective, reusable, and moisture-resistant packaging solutions that prioritize safety and sustainability.
EPE foam sheets, easily tailored, deliver superior cushioning and insulation for delicate objects, combining lightweight, durable qualities for cost-effective and dependable protection during storage or transport.
Based on application, the global expanded polyethylene (EPE) foam market share is led by protective packaging as it excels in cushioning fragile items, minimizing the potential for damage during transit or handling
EPE foam provides customized protection through its adaptable customization, resistance to moisture for extended storage, economical lightweight construction, sustainability through reuse, and insulation for temperature-sensitive items during transit.
According to the global expanded polyethylene (EPE) foam market report, in automotive uses, EPE foam enhances safety via impact absorption, boosts fuel efficiency due to its lightweight, diminishes cabin noise for passenger comfort, offers tailored protection through flexibility, exhibits durability against chemicals, and maintains consistent performance across diverse temperatures.
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Market participants are actively contributing to the growth of the global expanded polyethylene (EPE) foam market by prominently showcasing EPE foam products for improved product safety and security.
KANEKA Corporation, a Japanese chemical manufacturer, KANEKA Corporation is renowned for its diverse product range, including EPE foam utilized across various applications for effective solutions.
Sonoco Products Company, headquartered in the USA, Sonoco Products Company specializes in offering EPE foam-based packaging solutions tailored to meet the needs of diverse industries.
TART s.r.o. is a prominent manufacturer in the Czech Republic, that focuses on producing high-quality packaging materials such as EPE foam, catering to both regional and global markets with precision and excellence.
Other key players in the global expanded polyethylene (EPE) foam market are Flexipack Group, JSP Corporation, Long Future Co., Ltd, and VitaTex (Pty) Ltd among others.
Based on region, the global expanded polyethylene (EPE) foam market share is led by Asia Pacific, driven by rapid industrial and urban growth. Countries like China, India, Japan, and South Korea are key players in the foam market, particularly in packaging applications. The thriving e-commerce industry boosts demand for EPE foam.
As per the International Trade Administration, the Chinese government plans to invest around 27 trillion yuan ($4.2 trillion) in new infrastructure during the 14th Five-Year Plan period (2021-2025), which is expected to contribute to the market growth.
North America's EPE foam market is mature and technologically advanced, with robust demand in sectors such as furniture, bedding, and automotive, indicating a firmly established market presence.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Expanded Polyethylene (EPE) Foam Market Analysis
8.1 Key Industry Highlights
8.2 Global Expanded Polyethylene (EPE) Foam Historical Market (2018-2023)
8.3 Global Expanded Polyethylene (EPE) Foam Market Forecast (2024-2032)
8.4 Global Expanded Polyethylene (EPE) Foam Market by Product
8.4.1 EPE Foam Coil
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 EPE Foam Sheet
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Expanded Polyethylene (EPE) Foam Market by Application
8.5.1 Protective Packaging
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Industrial Thermal Insulation
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Mattresses
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Automotive
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Building and Construction
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Expanded Polyethylene (EPE) Foam Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Expanded Polyethylene (EPE) Foam Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Expanded Polyethylene (EPE) Foam Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Expanded Polyethylene (EPE) Foam Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Expanded Polyethylene (EPE) Foam Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Expanded Polyethylene (EPE) Foam Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 KANEKA Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Sonoco Products Company
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 TART,s.r.o.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Flexipack Group
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 JSP Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Long Future Co., Ltd
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 VitaTex (Pty) Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Expanded Polyethylene (EPE) Foam Market: Key Industry Highlights, 2018 and 2032
2. Global Expanded Polyethylene (EPE) Foam Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Expanded Polyethylene (EPE) Foam Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Expanded Polyethylene (EPE) Foam Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Expanded Polyethylene (EPE) Foam Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Expanded Polyethylene (EPE) Foam Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Expanded Polyethylene (EPE) Foam Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Expanded Polyethylene (EPE) Foam Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Expanded Polyethylene (EPE) Foam Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Expanded Polyethylene (EPE) Foam Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Expanded Polyethylene (EPE) Foam Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Expanded Polyethylene (EPE) Foam Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Expanded Polyethylene (EPE) Foam Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Expanded Polyethylene (EPE) Foam Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Expanded Polyethylene (EPE) Foam Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Expanded Polyethylene (EPE) Foam Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Expanded Polyethylene (EPE) Foam Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Expanded Polyethylene (EPE) Foam Market Structure
The market was valued at USD 1,162.43 million in 2023.
The market is projected to grow at a CAGR of 6.0% between 2024 and 2032.
The global expanded polyethylene (EPE) foam market is driven by sustainable innovation, customization, enhanced performance, and integration within the e-commerce sector.
The expanded polyethylene (EPE) foam market is categorised according to its product, which includes EPE foam coil, EPE foam sheet and others.
The key players in the global expanded polyethylene (EPE) foam market are KANEKA Corporation, Sonoco Products Company, TART s.r.o., Flexipack Group, JSP Corporation, Long Future Co., Ltd, and VitaTex (Pty) Ltd among others.
Based on the application, the expanded polyethylene (EPE) foam market is divided into protective packaging, industrial thermal insulation, mattresses, automotive, building and construction and others.
The major areas include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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