Expansion of Plastic Industry to Push Polystyrene Packaging Demand in the U.S. India polystyrene packaging market will create an incremental opportunity of US$13.4 Bn by the end of 2032. Nearly 32% of Polystyrene Packaging Sales to be Contributed by Food & Beverage Industry. The polystyrene cups are likely to be the fastest-growing product type in the worldwide polystyrene packaging market.
NEWARK, Del. , Aug. 15, 2022 /PRNewswire/ -- As per Future Market Insights (FMI), the polystyrene packaging market is expected to gain immense traction, registering a CAGR of 4.4% between 2022 and 2032. Sales are expected to increase from US$ 23 Bn in 2022 to US$ 35.5 Bn in 2032. This is due to its ability to adapt based on the different requirements. Transparency that is product visibility plays an important role in various industries such as food, healthcare, and others.
The polystyrene packaging offers product visibility which attracts the end users amid growing trend of transparency and clean label. Also, the polystyrene packaging extends the shelf-life of the product by keeping the product fresh. This is expected to surge the demand for the same in food industry.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15442
Polystyrene is a polymer, which is made out of stringing styrene together. Styrene can be manufactured from petroleum or it is also naturally found in many food items. Expanded polystyrene is a type of polystyrene, which is environmentally friendly and is also recyclable. Manufacturers are focusing on polystyrene packaging due to various advantages like being cost-effective, and adaptive, also helps in maintaining food items fresher and it provides clarity to the product as it is transparent.
As a result, polystyrene material is used due to various properties and it also helps in reducing food-borne illnesses. Its property of maintaining food fresh has increased the demand for polystyrene packaging as it helps restaurants and online delivery services in maintaining the qualified food items and end-users could be made satisfied.
Key Takeaways from Global Polystyrene Packaging Market
Sales of cups segment are expected to increase 1.9x by the end of 2032 due to increasing demand for polystyrene cups in food & beverage sector.
In terms of end-use, the food & beverage industry is expected to grow at CAGR of 5.5% between 2022 and 2032.
South Asia and East Asia are estimated as lucrative markets for polystyrene packaging
India is expected to dominate the South Asia polystyrene market on the back of expansion of pharmaceutical industry.
"Polystyrene, from which EPS foam is made have properties like compressive strength, tensile strength, and thermal insulation. This is expected to gain traction in a multitude of industries, including food & beverage and pharmaceutical in the upcoming decade." – Comments FMI analyst
Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-15442
Increased Demand from Pharmaceutical Industry to Boost Polystyrene Packaging Market
As per FMI, healthcare and pharma both are revenue-generating industries. Polystyrene is a material with properties of stability, versatility and insulation used for packaging healthcare-related materials. In the pharmaceutical industry, reliability and freshness are important and polystyrene helps in maintaining them.
Polystyrene also helps in preventing contamination, which is very important for the pharma industry. Hence, the increased demand for pharma materials is driving the polystyrene packaging market and the trend is likely to continue over the next decade.
Global Polystyrene Packaging Market Landscape
ACH Foam Technologies, Alpek SAB de CV, Jackon, Monotez, Sunpor Kunststoff, Styrochem, Versalis, Sonoco Products Company, Sealed Air Corp, Huhtamaki Oyj, Rogers Foam, NEFAB GROUP, Huebach Corporation, and Ohishi Sangyo Co.,Ltd.
Global Polystyrene Packaging Market Report
Future market insights, in its new report, offers an unbiased analysis of the global market for polystyrene packaging market by materials (foam and plastic), by product (bowls, cups, bags, pouches, wraps & films, boxes & clamshell and plates & trays), by end use industry (food & beverage, pharmaceutical, electrical & electronics, cosmetics & personal care, automotive, aerospace and consumer goods), across seven regions.
Buy Now@ https://www.futuremarketinsights.com/checkout/15442
Global Polystyrene Packaging Market by Category
By Material, Global Polystyrene Packaging Market is Segmented as:
By Product, Global Polystyrene Packaging Market is Segmented as:
By End Use Industry, Global Polystyrene Packaging Market is Segmented as:
By Region, Global Polystyrene Packaging Market is Segmented as:
Report Customization available @ https://www.futuremarketinsights.com/customization-available/rep-gb-15442
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations
2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations
3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends
3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis
Have a Look at Related Research Reports of Packaging:
Expanded Polystyrene for Packaging Market Size: 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 Polystyrene Films Market Share: The polystyrene films are available in gloss and matte which provides smooth and aesthetic finishing to the products and makes the product stand-out among them from other products Polywoven Bags Market Trends: Polywoven Bags Market by Product, Material, Application & Region - Forecast 2022 – 2032
Asset Tags Market Analysis: Asset Tags Market by Product, Capacity, Application, Distribution Channel & Region
Pouch Equipment Market Outlook: Pouch Equipment Market by Machine Type, Pouch, Orientation, End Use & Region - Forecast 2022 - 2032
Thermal Inkjet Inks Market Forecast: Thermal Inkjet Inks Market by Substrate Type, Packaging Type, End – User & Region - Forecast 2022 - 2032
Air Cushion Machine Market Sales: Air Cushion Machine Market by Operating Speed, by End-Use & Region - Forecast 2022 - 2032
Thermoformed Tubs Market Value: Thermoformed Tubs Market by Material Type, Shape, End – User & Region - Forecast 2022 - 2032
Air Bubble Bags Market Demand: Air Bubble Bags Market by Material, Closure Type, End Use & Region - Forecast 2022 - 2032
Plastic Shrink Wrap Market Type: Plastic Shrink Wrap Market by Material, Application & Region - Forecast 2022 - 2032
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA T: +1-845-579-5705 Report: https://www.futuremarketinsights.com/reports/polystyrene-packaging-market For Sales Enquiries: sales@futuremarketinsights.com Browse latest Market Reports: https://www.futuremarketinsights.com/reports
Logo: https://mma.prnewswire.com/media/1197648/FMI_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/polystyrene-packaging-market-to-expand-by-1-5x-surpassing-us-35-5-bn-by-2032-amid-rising-demand-from-food--beverage-industry--future-market-insights-inc-301605151.html
Prices at the pump have fallen again, but the summer decline is mostly over, according to industry watchers.
(Bloomberg) -- Gazprom PJSC will stop delivering natural gas to Europe through its main pipeline for three days, further squeezing energy supplies just as Germany is trying to build up stocks for the winter.Most Read from BloombergUS Mortgage Lenders Are Starting to Go BrokeMueller Memo Advising Barr on Trump Findings Is Ordered ReleasedXi and Putin to Attend G-20 Summit in Indonesia, Jokowi SaysStocks Slide as Short-Sellers Cash In on Fedspeak: Markets WrapApple Targets Sept. 7 for iPhone 14 La
Occidental Petroleum owns a power plant in Taft, La., that feeds an OXY chemical plant next door. Leftover power is sold on the local grid, which Berkshire Hathaway Energy plants also feed. The Federal Energy Regulatory Commission ruled that since OXY's plant accounts for just 0.48% of the capacity connected to the region's grid, a combination with Berkshire "will not have an adverse effect on competition" in the local electricity market. Warren Buffett's Berkshire had to ask, though, before bee
When President Joe Biden signed the CHIPS Act of 2022 into law on Aug. 9, it provided some good news for a number of chip stocks.
(Bloomberg Law) -- The Consumer Financial Protection Bureau asked a federal judge to force Block Inc. to fully comply with a pair of investigative demands related to its Cash App payments tool.Most Read from BloombergUS Mortgage Lenders Are Starting to Go BrokeMueller Memo Advising Barr on Trump Findings Is Ordered ReleasedXi and Putin to Attend G-20 Summit in Indonesia, Jokowi SaysStocks Slide as Short-Sellers Cash In on Fedspeak: Markets WrapApple Targets Sept. 7 for iPhone 14 Launch in Flurry
Paramount Global might be seeing success with its streaming platform, Paramount+, but that doesn't mean the company can overcome various headwinds hitting its legacy media business.
Households can expect to pay more to heat their homes this winter. “Natural gas futures prices are more than double what they were one year ago,” according to Andy Lipow of Lipow Oil Associates.
The slowdown in consumer tech has been well chronicled. The bigger problem is that the issues may now be spreading to business spending.
Business owners of companies that deliver packages for FedEx Ground are set to voice their concerns at a Las Vegas expo.
Berkshire Hathaway received regulatory approval to buy as much as 50% of the oil producer’s stock following Warren Buffett’s rapid acquisition of Occidental shares this year.
Yahoo Finance's Julie Hyman and Brian Sozzi discuss DoorDash and Walmart ending their partnership next month.
The Federal Energy Regulatory Commission filing could mean that Berkshire Hathaway will continue to increase its stake in Occidental.
These stocks have the ability to raise their dividends at a high level each year, while they also have solid yields right now.
Melius Research Director of Airlines & Travel Research Conor Cunningham joins Yahoo Finance Live to discuss summer travel disruptions, airline operations and profitability, and the outlook for air travel.
It's always time to get rich — even in times of chaos.
Store employees were forced to stay up to 45 minutes after work for security checks.
The world's largest asset manager BlackRock Inc. warned the U.S. Securities and Exchange Commission (SEC) this week that its proposed rules aimed at fighting "greenwashing" by fund managers will confuse investors. BlackRock made the claims in a letter filed this week in response to a SEC May proposal to stamp out unfounded claims by funds about their environmental, social and corporate governance (ESG) credentials. The rules also aim to create more standardization around ESG disclosures.
The telecom giant is reportedly reneging on its promise of a six-month extension of its work-from-home plan. It refuses to discuss a hybrid policy, one worker says.
(Bloomberg) -- Wells Fargo & Co. bungled the 2020 sale of Occidental Petroleum Corp. shares on behalf of an employee trust, leading to millions of dollars in losses when the bank failed to execute trades as planned before the Covid-19 pandemic tanked the stock market, a judge in Texas ruled.Most Read from BloombergUS Mortgage Lenders Are Starting to Go BrokeMueller Memo Advising Barr on Trump Findings Is Ordered ReleasedXi and Putin to Attend G-20 Summit in Indonesia, Jokowi SaysStocks Slide as
Federal regulators intend to levy the fines over the alleged breach of rules that require the retention of business records.