Global Expanded Polystyrene Packaging Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 6.21% during the forecast period, i.e. 2017-2025. Expanded polystyrene, commonly known as EPS, is a light-weight, rigid, cellular plastic made up of expanded polystyrene beads. EPS is one of the most preferable packaging materials, due to its flexibility and light-weight nature. The expanded polystyrene packaging market is expected to grow rapidly during the forecast period, due to its excellent insulation, moisture resistance and chemical barrier protection properties.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global expanded polystyrene packaging market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global expanded polystyrene packaging market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.  

Market Dynamics

The expanded polystyrene packaging market is anticipated to develop during the forecast period, owing to their expanded use in frozen food industry and electronic appliances packaging reasons, coupled with the product’s recyclable nature. Expanded polystyrene, being 100% recyclable in nature, passed the Food and Drug Administration’s (FDA) environmental assessment, as it has lesser hazards on the environment, as compared to other packaging polymers such as styrene-acrylonitrile (SAN) and acrylonitrile butadiene styrene (ABS). This will act as a significant factor for the growth of expanded polystyrene packaging market. The predicted growth in the construction industry over the upcoming years demands more innovative building materials such as EPS. This is expected to significantly to the growth of EPS packaging market. According to Institution of Civil Engineers (ICE), the volume of construction output is expected to reach to $15.5 trillion worldwide by 2030. However, governmental regulation on the use of EPS, due to its environmental concerns can restrain the growth of expanded polystyrene packaging market.

By Product Insight: White EPS material is anticipated to be growing significantly over the forecast years, owing to its closed cell-structure, that ensures higher water resistance, low moisture transmission, lower cost and ease of fabrication. According to the Food and Agriculture Organization of the United Nations (FAO), white EPS used in food packaging and can consist of 95% air, which makes it relatively cheap for production. The expansion of EPS resins up to 40% of its original size, with addition of steam, also makes it a preferable packaging product for various foods and beverages. The market for Grey EPS is also expected to grow during the forecast period owing to their applications in electronics industries, due to excellent insulation properties.

By End-Use Insights: Expanded polystyrene packaging market for food & beverage end-use industry is expected to dominate the global market, as a large portion of the annually produced EPS is being utilized to package various food items and drinks. According to National Center for Biotechnology Information (NCBI), approximately 3.0 million tons of EPS is produced each year globally, out of which 70% of EPS products are being utilized by food & beverage industry for packaging.

Regional Analysis

The global expanded polystyrene packaging market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Asia Pacific expanded polystyrene packaging market is expected to hold a major share in the global market during the forecast period, due to increased use of EPS in packaging electronic appliances and food products in the developing countries such as China and India. According to Semiconductor Equipment and Materials International (SEMI), China accounted for 26% of the global packaging materials market in 2017.North America is expected to witness a significant revenue share in the EPS packaging market, due to higher adoption of expanded polystyrene by construction industry in the construction of roadways, homes, bridge underfills, and stadiums. Middle East and Africa held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years.

Global Expanded Polystyrene Packaging Market Size, Share Analysis By Region 2017

Global Expanded Polystyrene Packaging Market Study Objective

1. To forecast the market size of expanded polystyrene packaging market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of expanded polystyrene packaging market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of expanded polystyrene packaging market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of expanded polystyrene packaging market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the expanded polystyrene packaging market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Key market players operating in expanded polystyrene packaging market include NOVA Chemicals, BASF, DOW Chemicals, INEOS, Ravago Group, TOTAL SA, SABIC, Styrochem, Synthos SA, Brodr Sunde Group, Unipol Holland B.V., Versalis S.P.A., and Kaneka Corporation. Several market players are trying to modify EPS in a way, that is less hazardous to the environment and comparatively safer for human beings. For instance, In December 2017, Schaumaplast GmbH & Co.KG, one of the leading German manufacturers of packaging made of Expanded Polystyrene (EPS) and Expanded Polypropylene (EPP), started providing packaging materials composed of biomass-balanced Styrofoam, with the aim to conserve fossil resources and to reduce emission of greenhouses gases like CO₂.

Global Expanded Polystyrene Packaging Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.