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.
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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.
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®) 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.
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