Expanded Polystyrene for Packaging market- An overview
Expanded polystyrene for packaging is manufactured by an injection moulding technique. The distinct characteristic features which the expanded polystyrene for packaging possesses are: cushioning of fragile products, thermal insulation, and high strength for weight-bearing.
The lightweight yet durable nature for expanded polystyrene has led to its growing acceptance for the packaging of fragile as well as heavy-duty products. This adoption is expected to drive the demand for expanded polystyrene for packaging in the global market.
Expanded Polystyrene for Packaging market- Market dynamics
The expanded polystyrene for packaging exhibits unique characteristics because of which the demand for the packaging in the electronics and electrical appliances packaging is anticipated to gain traction all over the world.
The expanded polystyrene for packaging is majorly used due to light-weight and effective insulation properties in the packaging of pallets in the building and construction industry.
The expanded polystyrene for packaging is formed by melting and solidifying process. The expanded polystyrene for packaging is demanded more in the form of thermocol slabs made up of expanded polystyrene beads.
Also, the expanded polystyrene offers cost-effective packaging, with an ideal shock-resistant during transportation. The closed-cell structure of expanded polystyrene contributes to low vapour permanence and minimum water retention.
The expanded polystyrene does not possess biodegradable traits but is a chemical inert that makes it solid fill material and renders reliable and clean landfill redemption. The expanding demand for cold chain packaging solutions in the pharmaceutical segment as a medium for promoting product safety coupled with the demand from fresh food packaging industry is presumed to continue to be an essential driving factor for the sales of expanded polystyrene packaging solutions.
Among different expanded polystyrene for packaging, white EPS is a prominently used product type. It is closed-cell foam plastic which is rigid and has superior thermal and mechanical attributes.
The white EPS has firm dimensions for end-use and is non-corrosive. The thermal detention of the white EPS depends on the density of the finalized product. White EPS holds a closed cellular composition containing only stabilized air, consequently, the thermal resistance of the white EPS does not fade with time.
Therefore, the expanded polystyrene for packaging market will have good growth and will be preferred in high demands.
Expanded Polystyrene for Packaging market- Regional Outlook
The Asia Pacific region is expected to account for maximum market share in the global expanded polystyrene for packaging market by 2020. The expanded polystyrene for packaging is highly in the demand because of large usage of plastic and polymer materials for packaging in various sectors such as food, healthcare, electronics and electrical application etc, especially on a large scale in the East Asian countries such as China, Japan, and South Korea. The market of expanded polystyrene has gained traction in European countries as sales of washing machines, refrigerators, and other consumer durables have registered a hike in the countries of Eastern Europe.
In North America, consumers have high-income levels and maintain a good standard of living, so the demand for expanded polystyrene for packaging market holds good in the American countries.
Expanded Polystyrene for Packaging market- Key Market Players
Some of the key manufacturers operating in the expanded polystyrene for packaging market are as follows-
- BASF SE
- ACH Foam Technologies, Inc.
- Unipol Holland BV
- KANEKA CORPORATION
- NOVA Chemicals Corporation
- Sunpor Kunststoff GMBH
- SABIC, DOW Inc.
- Versalis S.P.A.
- Alpek S.A.B. De Cv
- Sundolitt Ltd
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments of expanded polystyrene for packaging. The report also maps the qualitative impact of various market factors on expanded polystyrene for packaging market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa (MEA)
- A detailed overview of parent market
- Changing expanded polystyrene for packaging market dynamics in ink and packaging segment.
- In-depth expanded polystyrene for packaging market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies for key players and products offered operating in the expanded polystyrene for packaging market
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on expanded polystyrene for packaging market performance
- Must-have information for expanded polystyrene for packaging market players to sustain and enhance their market footprint
Expanded Polystyrene for Packaging Market segmentation
- Trays & Clamshells
- Foam coolers
- Cups & bowls
- Packaging peanuts
- Food and beverages
- Electronics and Electrical appliances
- Building and constructions
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