Global Plastic Foams Market 2018-2022

The author of the report recognizes the following companies as the key players in the global plastic foams market: BASF, Borealis, DowDuPont, Sealed Air, and Total.

Commenting on the report, an analyst from the research team said: “One trend in the market is growing focus on development of sustainable products. There is a growing focus on the development of sustainable foams due to rising concerns about the use of plastic and its hazards on the environment. In March 2018, researchers at the University of Maryland in College Park, US, developed a new type of Styrofoam from wood.”

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According to the report, one driver in the market is growth of e-commerce market. Rising urbanization and growing disposable income of consumers directly impact the retail sector, which is experiencing an expansion of well-organized retail spaces, especially e-commerce.

Further, the report states that one challenge in the market is volatility in prices of crude oil. Plastic is derived from crude oil, and any volatility in the prices of the raw material affects the manufacturing of plastic foam, which is basically composed of plastic. To increase profits for oil companies, members of Organization of the Petroleum Exporting Countries are announcing cutbacks to increase the demand and ultimately crude oil price.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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