Latest News- Expanded Polystyrene (EPS) For Packaging Market: Electronic appliances is expected to lead the Application segment during 2025-2029

The Expanded Polystyrene (EPS) For Packaging Market is being driven by Environmental benefits associated with expanded polystyrene

The Expanded Polystyrene (EPS) For Packaging Market is expected to grow at a CAGR of 9.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 7111.4 million. The global expanded polystyrene (EPS) for packaging market is experiencing robust growth, driven by the burgeoning food delivery and takeaway industry. Factors fueling this expansion include rapid urbanization, hectic lifestyles, and the widespread use of smartphones and m-commerce. The online food ordering sector is thriving, with an estimated Compound Annual Growth Rate (CAGR) of approximately 9% during the forecast period. Given the increasing preference for online food ordering platforms and mobile applications, the demand for EPS packaging, which effectively safeguards food during transit, is anticipated to surge accordingly. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Electronic appliances
  • Food and beverage
  • Healthcare
  • Others
• Type
  • White
  • Grey
• Packaging
  • Rigid packaging
  • Flexible packaging
• Product Type
  • Molded foam
  • Sheets
  • Blocks
  • Beads and loose fill
  • Custom shapes
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Environmental benefits associated with expanded polystyrene
• Growth of e-commerce sector
• High rate of recycling of expanded polystyrene

However, the market also witnesses some limitations, which are as follows:

• Popularity of bioplastic packaging
• Presence of stringent regulations related to use of expanded polystyrene for packaging
• Intense competition from low-cost Asian manufacturers

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Market Scope in Expanded Polystyrene (EPS) For Packaging Market Research Report

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Research Analysis Overview

The Expanded Polystyrene (EPS) For Packaging Market encompasses various packaging solutions, including PE, PP, and PVC, as well as alternatives like corrugated cardboard, bubble wrap, air cushioning, void fill, protective films, ESD protection, anti-static packaging, humidity control, oxygen absorbers, shock absorbing inserts, protective partitions, and covers. Cushioning materials are essential, along with packaging optimization, weight reduction, and volume reduction. The market prioritizes environmental impact assessments, carbon footprint reduction, and compliance with packaging regulations within the packaging circular economy.

Market Research Overview

In the realm of specialty chemicals, Expanded Polystyrene (EPS) plays a pivotal role due to its inherent properties, including shock absorption, impact resistance, thermal insulation, and moisture barrier, making it an ideal choice for protective packaging applications. The global specialty chemicals market, encompassing manufacturers of high-value-added chemicals, is expected to witness significant growth. Key growth drivers include the increasing demand for specialty adhesives and sealants, which find extensive usage in various industries. Technavio's market analysis projects that this trend will continue to shape the market landscape throughout the forecast period.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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