The work aims to introduce the mechanical properties of polyethylene foams obtained by dynamic compression experiments into the finite element to create material model and apply them to drop impact simulation analysis to improve the accuracy of the simulation. The actual stress-strain curves were obtained through compression experiments at different rates of polyethylene foam, and a material model of EPE was established in finite element based on the Johnson-cook constitutive model. Finally, the LS-DYNA module in the Ansys Workbench was used to simulate the drop process of the polyethylene foam cushioning package and LS-PREPOST software was used for post-processing. On this basis, the simulation results and experimental results were compared and analyzed. The errors of simulation results were respectively 0.85%, 1.6% and 2.97%, which were basically consistent with the experimental results. The finite element material model of polyethylene foam constructed based on the Johnson-cook constitutive model can effectively improve the simulation accuracy of low-velocity impact, which provides a reference value for the finite element dynamic impact analysis of nonlinear materials and strain rate sensitive materials.