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Polystyrene Packaging Market Analysis

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

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Polystyrene Packaging Market Analysis

Global Polystyrene Packaging Market Revenue Share, By End-Use, (2022)

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.

Asia-Pacific Polystyrene Packaging Market Size, 2022 & 2032 (USD Billion)

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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.

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.