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Polystyrene Packaging Market Size

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

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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.

Polystyrene Packaging Market

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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.

Polystyrene Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2022
Polystyrene Packaging Market Size in 2022:	USD 22.3 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	3.4%
2032 Value Projection:	USD 31.03 Billion
Historical Data for:	2018 to 2022
No. of Pages:	350
Tables, Charts & Figures:	198
Segments covered:	Product type and End-use
Growth Drivers:	Rising demand of cosmetic products Better quality packaging demand
Pitfalls & Challenges:	the availability of cheap alternatives

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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.