Polystyrene Packaging Market Size
Polystyrene Packaging Market size reached USD 22.3 billion in 2022 and is poised to exhibit over 3.4% CAGR between 2023 and 2032. Driven by the growing prevalence of cosmetics and personal care application.
Rising disposable money, a need for attractiveness, and personal cleanliness upkeep have helped the market for cosmetics and personal care goods to expand. The constituents of these perishable products have short shelf life. Air, heat, light, and cold can all compromise the quality and stability of the chemicals in cosmetics and personal care products. Convenient transportation is made possible by polystyrene packing, which also preserves the intended physical state of the goods by offering a great solution for these issues.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Polystyrene Packaging Market Size in 2022 | USD 22.3 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 3.4% |
| 2032 Value Projection | USD 31.03 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 350 |
| Tables, Charts & Figures | 198 |
| Segments covered | Product type and End-use |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
Polystyrene Packaging Market Trends
One of the most bendable plastics, polystyrene is lightweight, cheap, and easy to manufacture. Because of its favorable qualities, such heat endurance and retention, it is utilized in many restaurants and companies in the usual takeaway containers. Such products' negative effects on the environment and human health force consumers to seek for more ecologically friendly substitutes. Global polystyrene use in packaging is being limited by laws, environmental issues, and customer preferences.
Polystyrene Packaging Market Analysis
Improved access to healthcare services, rising medical insurance use, greater public awareness of healthcare, favorable population demographics, increasing research & development, and rising disposable income have driven growth in the polystyrene packaging market for pharmaceutical and medical products. Pharmaceutical products are prone to contamination hence they should be handed to consumers with great care. One of the most often used materials available from pharmaceutical companies to help reduce this concern is polystyrene packing.
Common packaging for food including disposable utensils, dishes, hot and cold cups, meat trays, egg trays, and pharmaceutical and personal care product containers is polystyrene. Because polystyrene is lightweight and readily biodegradable, it does not remain in the environment for very long and is not prone to microplastics.
Lighter, more affordable, and environmentally friendly materials have lately supplanted regular plastic packaging in the latest years. Hot or cold food products are packed in cups or containers fashioned of polylactic acid-lined paper. Using edible cups created from polystyrene goods for packing and serving helps diversify the expansion of polystyrene packaging market.
At 73.62 million USD annually, APAC region topped the worldwide polystyrene packaging market. Germany is expected to lead the polystyrene packing market in Europe given the growing demand for it in the area. South Africa dominates the market for Middle East & Africa since the material is used more in this area.
Polystyrene Packaging Market Share
- Alpek S.A.B de C.V
- Ohishi Sangyo Co.,Ltd
- Sonoco Products Company
- Kaneka Corporation
- MONOTEZ
- SUNPOR
- Versalis S.p.A
- Nefab Group
- Heubach Corporation
- Synthos
Polystyrene Packaging Business News
- As of April 2021 Versalis, a chemical company controlled by Eni, has expanded its assortment of "circular" products made from recycled raw materials. Also part of the Versalis Revive® range is a fresh food packaging solution built using 75% domestic post-consumer polystyrene.
- Currants PC World locations will accept recycled expanded polystyrene (EPS) packaging from UK-based technology retailer Dixons Carphone with effect from August 2021.
- Thanks to its efficient reaction to the present EPS market trend, Sunpor is expanding its manufacturing capacity by 30,000 tons annually. Implementation is supposed to be completed by the end of the second quarter.
This polystyrene packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segment
By Type
- Bowls,
- Tubs,
- Boxes,
- Cups,
- Bags,
- Pouches,
- Bottles,
- Wraps & Films,
- Plate,
- Others
By End-use
- Food & Beverages,
- Pharmaceuticals,
- Personal & Home Care
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East
- South Africa
- Saudi Arabia
- UAE
- Egypt
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