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Expanded Polystyrene Packaging Market, by Product Type

RA00104

Expanded Polystyrene Packaging Market, by Product Type (Grey, Black, White), End Use (Buildings & Construction, Food & Beverages, Healthcare, Electronics, Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00104

Pages: NA

Feb 2020

Global Expanded Polystyrene Packaging Market Overview 2026:

Expanded polystyrene polymer is a lightweight plastic material containing of small dull spherical balls and consisting of closed cellular structure that gives extraordinary characteristics. Expanded Polystyrene is manufactured from styrene monomers and it is the derivative form of benzene and ethylene and is produced through polymerization process. Expanded polystyrene is a kind of thermoplastic and is the most recommend packaging material. These materials are rigid, cheap, transparent and dimensionally stable.

Driving Factors of Expanded Polystyrene Packaging Market:

Rising demand from the automotive, construction, food & beverage for packaging is a significant driving factor for the expanded polystyrene packaging market growth

The global expanded polystyrene packaging market trends: The growth in the demand for polystyrene packaging from the end use industries such as food & beverage, buildings & construction and automotive sectors is a major expanded polystyrene packaging market driver. Also, the expanded polystyrene material has passed the Food and Drug Administration (FDA) regulations. It is a purely recyclable material with minimal environmental effect, which will drive the market growth. Increasing demand for frozen food in the food & beverage sector for product safety and maintaining the freshness of the food will drive the demand for the expanded polystyrene packaging. In addition, governments are taking initiatives on using recyclable plastics to decrease the plastic concentration in the environment; this factor is projected to propel the market growth. Moreover, growing requirement of lightweight materials in the automotive sector for flexibility in integrating components to reduce the corrosion and impart longer vehicle life is fueling the demand for the expanded polystyrene packaging.

Increase in the green buildings demand and recyclability of the polystyrene are projected to create significant investment opportunities in the global expanded polystyrene packaging market

Growing demand for expanded polystyrene packaging from green buildings and no other material posing as replacement for are substantial growth opportunities in the global expanded polystyrene market. The concept of green buildings or sustainable buildings is to design most economic and durable buildings. In these buildings, polystyrene is used as an insulation material, which is further projected to impel the growth of the market in the near future. 

White expanded polystyrene packaging type is predicted to be most lucrative in the estimated period

White expanded polystyrene packaging dominated the global market size in 2018 and is estimated to continue its dominance on the market during the forecast period. This growth is mainly owing to white polystyrene packaging exhibiting properties such as mechanical durability, water resistance and others. In addition, increase in the use of white expanded polystyrene foams for thermal insulation in the construction activities is projected to drive the growth of the market in the projected period. Grey expanded polystyrene packaging is projected to experience healthy growth and is anticipated to grow at a moderate rate in the estimated period.  

Food & beverage registered for highest market size and is projected to grow at a health rate during the projected time

Food & beverage end use accounted for the highest market size, and is projected to grow at a notable rate and is anticipated to continue its growth during the projected time. The growth is owing to extensive usage of expanded polystyrene for the packaging materials such as plates, containers, and others. As per Food and Drug Administration (FDA), polystyrene is safe for use in the food & beverage packaging, which is projected to drive the market growth in the food & beverage industry. Buildings & construction is projected to grow at a notable rate in the projected time. This growth is accredited to polystyrene packages and blocks being used in construction as a permanent insulation, because these materials are effective optimal insulation in buildings. In addition, these polystyrene materials are recyclable which is anticipated to impel the market growth in the projected time. 

Asia-Pacific region will have enormous opportunities for the market investors to grow over the coming years

North America has dominated the global market and accounted for the majority of the expanded polystyrene packaging market share followed by Europe, Asia-Pacific and others. This dominance is attributed to the adoption of polystyrene packaging materials by the buildings & construction industry for the several applications such as roadways, residential & commercial buildings and other construction activities. Furthermore, increase in the use of expanded polystyrene for the thermal insulation is anticipated to drive the market growth in the estimated period.

Asia-Pacific region will witness to grow at a faster rate and is projected to produce substantial growth opportunities during the forecast period. This is majorly because of increase in the demand for polystyrene packaging materials from the food & beverage, electronics and other sectors. In addition, increasing the buildings & construction activities in the developing economies India, China, Australia and other countries and government support for the investment in recyclable polystyrene are projected to propel the growth of the market.   

To explore more about expanded polystyrene packaging market, get in touch with our analysts here. https://www.researchdive.com/connect-to-analyst/104

  Key players in global Expanded Polystyrene Packaging Market:

Key players in global Expanded Polystyrene Packaging Market

Product development and joint ventures are the most common strategies followed by the market players

Source: Research Dive Analysis

The major global almond drink market players include BASF SE, INEOS, KANEKA CORPORATION, Total, StyroChem, Versalis S.p.A., Dow, Ravago, SABIC, Synthos among others. These players are adopting several strategies such as product developments, new technology introduction, joint ventures, product launches, R&D investments and mergers & acquisitions to increase their market size in the global expanded polystyrene packaging industry. 
 

Aspect

Particulars

 Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Product Type

  • Grey
  • Black
  • White

  Segmentation by End Use

  • Buildings & Construction
  • Food & Beverages
  • Healthcare
  • Electronics
  • Others

  Key Countries Covered

U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

  Key Companies Profiled

  • BASF SE
  • INEOS
  • KANEKA CORPORATION
  • Total
  • StyroChem
  • Versalis S.p.A.
  • Dow
  • Ravago
  • SABIC
  • Synthos

Source: Research Dive Analysis

 


FREQUENTLY ASKED QUESTIONS?
 

A. BASF SE, KANEKA CORPORATION, Versalis S.p.A., Dow, SABIC and Synthos are some of the key players in the global expanded polystyrene packaging market.

A. Asia-Pacific possesses great investment opportunities for the investors to witness the most promising growth in the coming years.

A. Product development, and joint ventures are the key strategies opted by the operating companies in this market.

A. BASF SE, Dow and SABIC are investing more on R&D activities for developing new products and technologies.

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