Polystyrene Packaging Market Size - By Type (Bowls, Tubs, Boxes, Cups, Bags, Pouches, Bottles, Wraps & Films, Plate, and Others), By End User (Food & Beverages, Pharmaceuticals, and Personal & Home Care) & Global Forecast, 2023-2032

Polystyrene Packaging Market Size - By Type (Bowls, Tubs, Boxes, Cups, Bags, Pouches, Bottles, Wraps & Films, Plate, and Others), By End User (Food & Beverages, Pharmaceuticals, and Personal & Home Care) & Global Forecast, 2023-2032

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.

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The market for cosmetics & personal care products has grown due to the rising disposable income, a desire for attractiveness, and the maintenance of personal cleanliness. These items' ingredients are perishable and have a limited shelf life. The quality & stability of the substances in cosmetics and personal care products can be harmed by exposure to air, heat, light, and cold. Polystyrene packaging provides an excellent solution to these problems, facilitating convenient transportation while maintaining the desired physical state of the products.
 

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Polystyrene Packaging Market Trends

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Polystyrene, one of the most malleable plastics, is inexpensive, easy to produce, and lightweight. It is used in the typical takeaway containers in many restaurants and businesses due to its advantageous characteristics, such as heat tolerance and retention. The damaging impacts of such materials on the environment and human health compel consumers to look for more environment-friendly alternatives. Regulations, environmental concerns, and consumer preferences are limiting the use of polystyrene in packaging globally.

Polystyrene Packaging Market Analysis

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The polystyrene packaging market for pharmaceutical and medical products has grown as a result of improved access to healthcare services, rising medical insurance use, greater public awareness of healthcare, favorable population demographics, increasing research & development, and increasing disposable income. Pharmaceutical products must be given to customers with extreme caution as they are vulnerable to contamination. Pharmaceutical businesses offer polystyrene packing as one of the most commonly utilized materials to allay this worry.

Polystyrene is a common material used in the packaging of food including disposable spoons, dishes, hot & cold cups, meat trays, egg trays, and containers for medications and personal care products. Polystyrene is not susceptible to contamination by microplastics as it is lightweight and easy to biodegrade, causing it to not stay in the environment for a long time

Regular plastic packaging is being replaced by lighter, more economical, and environment-friendly materials in the recent years. Food products that are hot or cold are packaged in cups or containers made of polylactic acid-lined paper. The use of edible cups made from polystyrene products for packaging and serving is helping diversify the polystyrene packaging market growth.

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APAC region dominated the global polystyrene packaging market with an annual revenue of 73.62 Million USD. With the increasing need for polystyrene packaging in the region, Germany is predicted to lead the polystyrene packaging industry in Europe. The Middle East & Africa's market is dominated by South Africa owing to the increased use of the material in the region.

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

• Versalis, a chemical firm owned by Eni, has increased its selection of "circular" goods created from recycled raw materials as of April 2021. A new solution for food packaging constructed with 75% domestic post-consumer polystyrene is also part of the Versalis Revive® line.
• With effect from August 2021, Currys PC World stores will accept recycled expanded polystyrene (EPS) packaging from UK-based technology retailer Dixons Carphone.
   
• Sunpor is growing its production capacity by 30,000 tonnes annually as a result of its effective response to the current EPS market trend. By the end of the second quarter, implementation is anticipated to be finished.

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

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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