The Global PE Foam Market was valued at USD 4.76 Billion in 2022 and is projected to reach USD 6.92 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period (2023–2030). This growth is being driven by surging demand in packaging for e-commerce and consumer goods, expanding applications in automotive and construction sectors, and the rising need for lightweight, shock-absorbing materials in sports and engineering industries.

As industries increasingly prioritize sustainable, versatile materials for protection and insulation, the focus turns to key manufacturers who are advancing foam technologies, enhancing recyclability, and meeting global supply chain demands. In this blog, we profile the Top 10 Companies in the PE Foam Industry—a blend of established producers and innovators specializing in IXPE, XPE, and EPE foams that support everything from delicate electronics packaging to durable automotive components.

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🔟 1. CYG TEFA Co., Ltd.

Headquarters: Shenzhen, Guangdong, China
Key Offering: IXPE Foam, EPE Foam, XPE Foam Sheets and Rolls

CYG TEFA stands out as a leading global supplier in the PE foam sector, renowned for its high-quality crosslinked polyethylene foams used extensively in electronics packaging, automotive interiors, and construction insulation. The company has built a strong reputation by focusing on precision manufacturing and customization, serving major clients across Asia, Europe, and North America with products that offer superior shock absorption and thermal properties.

Because of its commitment to quality control and innovative production techniques, CYG TEFA ensures that its foams meet international standards for durability and environmental compliance. For instance, their IXPE foams are particularly favored in the consumer electronics industry for protecting sensitive devices during shipping.

Innovation Initiatives:

• Development of eco-friendly, recyclable PE foam variants

• Expansion of production capacity to meet e-commerce packaging demands

• Collaborations with automotive suppliers for lightweight component solutions

Download FREE Sample Report: PE Foam Market – View in Detailed Research Report

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9️⃣ 2. Sansheng Industry Co., Ltd.

Headquarters: Dongguan, Guangdong, China
Key Offering: EPE Foam, IXPE Foam for Packaging and Insulation

Sansheng Industry is a prominent player in the PE foam market, specializing in expanded polyethylene foams that cater to the packaging and home appliance sectors. Operating with state-of-the-art extrusion and foaming technologies, the company produces foams that provide excellent cushioning and are widely used in protecting appliances during transport and storage.

However, what sets Sansheng apart is its ability to scale production efficiently while maintaining cost-effectiveness, making it a preferred supplier for large-scale industrial applications. Their products have been integral in supporting the growth of China’s manufacturing exports, particularly in electronics and machinery.

Innovation Initiatives:

• Investment in automated foaming lines for higher output

• Research into flame-retardant PE foams for safety-critical uses

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8️⃣ 3. Hubei Yuanxiang Plastic Products Co., Ltd.

Headquarters: Xiaogan, Hubei, China
Key Offering: XPE Foam, EPE Foam for Automotive and Sports Equipment

Hubei Yuanxiang excels in producing crosslinked PE foams tailored for the automotive industry, where lightweight and resilient materials are essential for interior padding and vibration dampening. The company’s foams are designed to withstand harsh conditions, contributing to vehicle safety and comfort.

Furthermore, Yuanxiang has expanded into sports applications, supplying foams for protective gear in activities like skateboarding and athletics. This diversification highlights their adaptability to emerging market needs, ensuring steady growth amid global supply chain shifts.

Innovation Initiatives:

• Bio-based additives for more sustainable foam formulations

• Partnerships with auto OEMs for custom foam solutions

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7️⃣ 4. QIHONG New Materials Technology Co., Ltd.

Headquarters: Shanghai, China
Key Offering: IXPE Foam Sheets, Specialized Packaging Foams

QIHONG is a key innovator in irradiation crosslinked PE foams, primarily serving the packaging sector with products that offer antimicrobial properties and high puncture resistance. Their focus on high-tech applications has positioned them well in the medical and electronics packaging markets.

The company’s rigorous R&D efforts have led to foams that not only protect goods but also reduce material usage through optimized density, appealing to environmentally conscious clients. As e-commerce booms, QIHONG’s solutions have become indispensable for secure, efficient shipping.

Innovation Initiatives:

• Advanced crosslinking technologies for enhanced durability

• Goal to increase recyclable content in foams to 30% by 2025

Download FREE Sample Report: PE Foam Market – View in Detailed Research Report

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6️⃣ 5. JINGKE SHIYE Co., Ltd.

Headquarters: Hangzhou, Zhejiang, China
Key Offering: EPE Foam, XPE Rolls for Construction and Engineering

JINGKE SHIYE specializes in engineering-grade PE foams used in construction for insulation and sealing applications. Their products provide thermal and acoustic barriers, helping buildings meet energy efficiency standards in a cost-effective manner.

With a strong domestic presence, the company is also venturing into international markets, particularly in Southeast Asia, where infrastructure development drives demand. Their emphasis on consistent quality has earned them certifications from global standards bodies.

Innovation Initiatives:

• Integration of nanotechnology for improved foam performance

• Expansion into green building materials

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5️⃣ 6. MOYUAN Plastic Products Co., Ltd.

Headquarters: Nanjing, Jiangsu, China
Key Offering: IXPE Foam, Custom Foams for Home Appliances

MOYUAN leads in supplying PE foams for the home appliance industry, where protective packaging prevents damage from impacts and vibrations during global distribution. Their foams are lightweight yet robust, aligning with manufacturers’ goals to reduce shipping costs.

Because of ongoing innovations, MOYUAN’s products now include options with enhanced moisture resistance, crucial for humid climates. This has solidified their role in supporting major appliance brands worldwide.

Innovation Initiatives:

• Current output exceeds 50,000 tons annually

• Target to double capacity by 2027 through sustainable practices

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4️⃣ 7. RUNSHENG Industry Group

Headquarters: Qingdao, Shandong, China
Key Offering: EPE Foam Packaging, Sports Padding Materials

RUNSHENG is a major force in EPE foam production, focusing on sports and packaging applications. Their foams are used in everything from gym mats to protective cases for outdoor gear, offering flexibility and recovery properties that endure repeated use.

However, geopolitical factors have prompted RUNSHENG to strengthen supply chains in Asia and beyond, ensuring reliable delivery. Their commitment to customer-specific formulations keeps them competitive in a fragmented market.

Innovation Initiatives:

• Localized R&D for region-specific foam adaptations

• Exploration of biodegradable PE foam alternatives

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3️⃣ 8. Zhangqiu Jicheng Plastic Co., Ltd.

Headquarters: Jinan, Shandong, China
Key Offering: XPE Foam, Automotive Insulation Foams

Zhangqiu Jicheng dominates in automotive PE foams, providing materials for soundproofing and thermal management in vehicles. As electric vehicles rise, their lightweight foams help optimize battery efficiency and passenger comfort.

Their indigenous research has led to foams with superior fire resistance, meeting stringent safety regulations. Public-private partnerships in China have accelerated their scaling efforts.

Innovation Initiatives:

• EV-focused foam developments for battery protection

• Collaborations to boost sustainable foam production

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2️⃣ 9. Zhejiang Jiaolian New Materials Co., Ltd.

Headquarters: Taizhou, Zhejiang, China
Key Offering: IXPE Foam, Engineering and Packaging Solutions

Zhejiang Jiaolian is pivotal in engineering PE foams, converting traditional facilities to produce renewable variants. Their initiative aims to create high-volume, low-impact foams for industrial uses.

With major expansions underway, they target significant market share in global packaging, emphasizing chain efficiency.

Innovation Initiatives:

• Plans for 20% renewable content by 2025

• Broad supply chain growth in Asia-Pacific

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1️⃣ 10. Zhejiang Wanli New Material Technology Co., Ltd.

Headquarters: Hangzhou, Zhejiang, China
Key Offering: EPE Foam, Comprehensive Foam Logistics and Distribution

Zhejiang Wanli specializes in the full spectrum of PE foam logistics, supporting manufacturers in automotive, packaging, and construction. As a distribution leader, they offer end-to-end solutions including custom cutting and recycling services.

Their strategic alliances with producers ensure seamless supply, positioning them at the forefront of sustainable material handling.

Innovation Initiatives:

• Complete recycling programs for foam waste

• Partnerships for circular economy advancements

Read Full Report: PE Foam Market – View in Detailed Research Report

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🌍 Outlook: The Future of PE Foam Is Sustainable and Versatile

The PE foam market is evolving rapidly. Traditional applications continue to fuel demand, but investments in recyclable and bio-based foams, along with advanced manufacturing, are reshaping the landscape.

To delve deeper into market dynamics, including segment analyses by type (IXPE, XPE, EPE) and application (automotive, home appliances, packaging, engineering, sports, others), as well as regional breakdowns from North America to Asia-Pacific, the full report provides invaluable insights. Growth in emerging economies like India and Southeast Asia, coupled with regulatory pushes for eco-materials in Europe and the US, will drive expansion.

📈 Key Trends Shaping the Market:

• Expansion of sustainable foam production in Asia and Europe

• Regulatory mandates for recyclable packaging by 2030

• Digital tools for supply chain optimization and waste tracking

• Alliances between foam producers and end-users for innovation

Read Full Report: PE Foam Market – View in Detailed Research Report

The companies listed above are not only producing essential PE foams—they’re leading the shift toward greener, more efficient materials across industries.