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Polystyrene Packaging Market Trends

Report ID: GMI5674
Published Date: May 2023
Report Format: PDF

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of polystyrene packaging was valued at USD 22.3 billion in 2022 and is primed to record over 3.4% CAGR from 2023 to 2032 due to the increased product usage in a variety of cosmetics and personal care applications.

The polystyrene cups segment is anticipated to grow considerably through 2032, attributed to the ongoing replacement of plastic-based packaging with lighter, more economical, and environment-friendly materials.

Asia Pacific polystyrene packaging market is poised to attain a decent valuation by 2032 due to the accelerating consumer shift toward sustainable packaging materials.

Notable players in the polystyrene packaging industry are Ohishi Sangyo Co., Ltd., Kaneka Corporation, Alpek S.A.B. de C.V, MONOTEZ, Versalis S.p.A., Nefab Group, SUNPOR, Sonoco Products Company, Heubach Corporation, and Synthos.