The Polystyrene Packaging Market size was USD 23.06 billion in 2023 and is expected to Reach USD 31.32 billion by 2031 and grow at a CAGR of 3.9% over the forecast period of 2024-2031.
The most widely used polystyrene packaging type is EPS, which accounts for over 90 % of the global market in 2022. EPS is a lightweight and durable material that is ideal for the protection and transport of foodstuffs and beverages.
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The market for global electronics is estimated to increase at a compound annual growth rate of 4.5%. This growth is leading to a demand for polystyrene packaging, which plays an important role in protecting and transporting electronics.
Due to its lack of biodegradability and environmental significance, polystyrene is a hazardous material. The regulation on the reduction of polystyrene packaging is being implemented by governments in many countries.
Also, due to the rise in healthcare and pharmaceutical production, for its transportation the polystyrene packaging is in high demand.
KEY DRIVERS:
Increasing use of polystyrene packaging on cosmetics and other products as a result of increased durability
Increasing disposable income, desire to look beautiful and maintain personal hygiene have led to an increase in demand for cosmetics and personal care products over the years. The contents of these products are, however, perishable and have a definite shelf life. The quality and stability of ingredients in cosmetic products may be impaired by exposure to air, warmth, light or colder conditions. Polystyrene packaging provides a very good solution to these problems. It also contributes to the preservation of goods in their natural state and, as a result, can be beneficial for easy transport.
Increased use of packaging in pharmaceutical sector
RESTRAIN:
The availability of a high number of substitutes
Because of its light weight, ease of manufacture and low cost, polystyrene is one of the most flexible plastics. It has become the go-to takeout container for many restaurants and industries, thanks to its excellent performance characteristics such as heat resistance and durability. However, these materials have a negative impact on people's health and the environment causing consumers to seek alternatives that are more sustainable. The reduction of the world polystyrene packaging market is due to consumers' demands, awareness on sustainability and regulations.
Environmental and health issues associated with polystyrene
OPPORTUNITY:
Possibility of recycling polystyrene materials
Polystyrene is a flexible polymer which can be used in various products, including packaging, transport and consumer goods. But, when these products are disposed of, it causes damage to the environment because they are undegradable.
Raise consumer interest in the use of convenient and affordable packaging
CHALLENGES:
Stringent rules concerning the use of polystyrene
Polystyrene packaging can be used for a wide range of foods, such as disposable utensils and plates, single use hot or cold beverage cups, polystyrene meat and egg trays with regard to the manufacture of pharmaceuticals and personal care products. Nevertheless, polystyrene material tends to accumulate and be added to waste due to its various uses.
Depending upon the region, the impact of the war on polystyrene packaging is estimated to be different. As Russia and Ukraine are the two biggest suppliers of Styrene Monomer to European market, this is expected to have a serious impact on markets in Europe. It is expected that this will lead to a lower impact on the North American market since it is more self-sufficient than other regions in production of Styrene Monomer. Since the beginning of the war, the price of styrene monomer has risen by more than 50%. That has resulted in a rise in the prices of Polystyrene packaging.
Russia is a major oil exporter, but currently most countries have reduced imports and imposed sanctions on Russia. The longer sanctions against Russia are in place, the more likely it will be to raise raw material prices or even a shortage of plastics and polymers as we accept fewer Russian oil exports.
The ongoing recessionary crisis has a negative effect on the world market for plastic packaging. The recession is leading to a decrease in consumer expenditures and business investment, which consequently has an impact on the demand of polystyrene packaging. Businesses are decreasing their production and consumers are cutting back on consumption, which is leading to a decline in demand for Polystyrene Packaging
As businesses look for ways to reduce their costs, alternative packaging materials such as paper and cardboard are becoming more competitive. Due to higher levels of inflation and interest rates, it is expected that the market for developed countries such as the United States and Europe will be severely affected. Due to the continued economic growth in those countries, there is an expectation that the markets of developing countries will not be significantly affected.
By Material
Plastic
Foam
By Product Type
Bags
Bowls
Wraps & Films
Plates & Trays
Boxes & Clamshell
Pouches
Cups
Polystyrene Cups is expected to hold the major market share accounting for the market share of 12% in 2023. Since cups have properties to maintain food at its temperature, this will help the segment to hold the dominant position.
By End Use
Electrical & Electronics
Food & Beverage
Automotive
Consumer Goods
Cosmetics & Personal Care
Pharmaceutical
Aerospace
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Food and Beverage segment to hold the dominant market share of 33% in 2023. This is due to the increased demand for the packaged food products.
In 2023, North America will be the largest polystyrene packaging market, accounting for more than 30% of the global market. The rising demand for polystyrene packaging in the food and beverage, electronics and medical sectors is a major factor contributing to market growth in this region.
Europe accounted for over 25% of global polystyrene packaging market share in 2023, making it the second largest polystyrene packaging market. The growing demand for polystyrene packaging in the food and beverage industry, car or building industry is driving market growth in this region.
The Asia Pacific region is the fastest increasing market for polystyrene packaging. Increasing demand for polystyrene packaging in food, beverages, electronics and pharmaceutics industries is a major factor driving market growth in this region. India is the third largest pharmaceutical products production by volume. This will help create demand for the polystyrene packaging.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Polystyrene Packaging market are Styrochem, Sonoco Products Company, Sealed Air Corporation, Alpek SAB de CV, Monotez, Rogers Foam, Huhtamaki Oyj, ACH Foam Technologies, Versalis, Jackon and other players.
In order to reach its sustainability and recycling goals, on May 2022, Alpek acquired OCTAL Holding SAOC, a leading provider of PET packaging.
| Report Attributes | Details |
| Market Size in 2023 | US$ 23.06 Bn |
| Market Size by 2031 | US$ 31.32 Bn |
| CAGR | CAGR of 3.9% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Material (Plastic, Foam) • by Product Type (Bags, Bowls, Wraps & Films, Plates & Trays, Boxes & Clamshell, Pouches, Cups) • by End Use (Electrical & Electronics, Food & Beverage, Automotive, Consumer Goods, Cosmetics & Personal Care, Pharmaceutical, Aerospace) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Styrochem, Sonoco Products Company, Sealed Air Corporation, Alpek SAB de CV, Monotez, Rogers Foam, Huhtamaki Oyj, ACH Foam Technologies, Versalis, Jackon |
| Key Drivers | • Increasing use of polystyrene packaging on cosmetics and other products as a result of increased durability • Increased use of packaging in pharmaceutical sector. |
| Key Restraints | • The availability of a high number of substitutes • Environmental and health issues associated with polystyrene. |
Ans: The Polystyrene Packaging Market is expected to grow at a CAGR of 3.9 %.
Ans: Raise consumer interest in the use of convenient and affordable packaging.
Ans: Increasing use of polystyrene packaging on cosmetics and other products as a result of increased durability.
Ans: Polystyrene materials have a negative impact on people's health and the environment causing consumers to seek alternatives that are more sustainable.
Ans: In 2023, North America will be the largest polystyrene packaging market, accounting for more than 30% of the global market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Polystyrene Packaging Market Segmentation, By Material
8.1 Plastic
8.2 Foam
9. Polystyrene Packaging Market Segmentation, By Product Type
9.1 Bags
9.2 Bowls
9.3 Wraps & Films
9.4 Plates & Trays
9.5 Boxes & Clamshell
9.6 Pouches
9.7 Cups
10. Polystyrene Packaging Market Segmentation, By End Use
10.1 Electrical & Electronics
10.2 Food & Beverage
10.3 Automotive
10.4 Consumer Goods
10.5 Cosmetics & Personal Care
10.6 Pharmaceutical
10.7 Aerospace
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Polystyrene Packaging Market by Country
11.2.2 North America Polystyrene Packaging Market by Material
11.2.3 North America Polystyrene Packaging Market by Product Type
11.2.4 North America Polystyrene Packaging Market by End Use
11.2.5 USA
11.2.5.1 USA Polystyrene Packaging Market by Material
11.2.5.2 USA Polystyrene Packaging Market by Product Type
11.2.5.3 USA Polystyrene Packaging Market by End Use
11.2.6 Canada
11.2.6.1 Canada Polystyrene Packaging Market by Material
11.2.6.2 Canada Polystyrene Packaging Market by Product Type
11.2.6.3 Canada Polystyrene Packaging Market by End Use
11.2.7 Mexico
11.2.7.1 Mexico Polystyrene Packaging Market by Material
11.2.7.2 Mexico Polystyrene Packaging Market by Product Type
11.2.7.3 Mexico Polystyrene Packaging Market by End Use
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Polystyrene Packaging Market by Country
11.3.1.2 Eastern Europe Polystyrene Packaging Market by Material
11.3.1.3 Eastern Europe Polystyrene Packaging Market by Product Type
11.3.1.4 Eastern Europe Polystyrene Packaging Market by End Use
11.3.1.5 Poland
11.3.1.5.1 Poland Polystyrene Packaging Market by Material
11.3.1.5.2 Poland Polystyrene Packaging Market by Product Type
11.3.1.5.3 Poland Polystyrene Packaging Market by End Use
11.3.1.6 Romania
11.3.1.6.1 Romania Polystyrene Packaging Market by Material
11.3.1.6.2 Romania Polystyrene Packaging Market by Product Type
11.3.1.6.4 Romania Polystyrene Packaging Market by End Use
11.3.1.7 Turkey
11.3.1.7.1 Turkey Polystyrene Packaging Market by Material
11.3.1.7.2 Turkey Polystyrene Packaging Market by Product Type
11.3.1.7.3 Turkey Polystyrene Packaging Market by End Use
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Polystyrene Packaging Market by Material
11.3.1.8.2 Rest of Eastern Europe Polystyrene Packaging Market by Product Type
11.3.1.8.3 Rest of Eastern Europe Polystyrene Packaging Market by End Use
11.3.2 Western Europe
11.3.2.1 Western Europe Polystyrene Packaging Market by Country
11.3.2.2 Western Europe Polystyrene Packaging Market by Material
11.3.2.3 Western Europe Polystyrene Packaging Market by Product Type
11.3.2.4 Western Europe Polystyrene Packaging Market by End Use
11.3.2.5 Germany
11.3.2.5.1 Germany Polystyrene Packaging Market by Material
11.3.2.5.2 Germany Polystyrene Packaging Market by Product Type
11.3.2.5.3 Germany Polystyrene Packaging Market by End Use
11.3.2.6 France
11.3.2.6.1 France Polystyrene Packaging Market by Material
11.3.2.6.2 France Polystyrene Packaging Market by Product Type
11.3.2.6.3 France Polystyrene Packaging Market by End Use
11.3.2.7 UK
11.3.2.7.1 UK Polystyrene Packaging Market by Material
11.3.2.7.2 UK Polystyrene Packaging Market by Product Type
11.3.2.7.3 UK Polystyrene Packaging Market by End Use
11.3.2.8 Italy
11.3.2.8.1 Italy Polystyrene Packaging Market by Material
11.3.2.8.2 Italy Polystyrene Packaging Market by Product Type
11.3.2.8.3 Italy Polystyrene Packaging Market by End Use
11.3.2.9 Spain
11.3.2.9.1 Spain Polystyrene Packaging Market by Material
11.3.2.9.2 Spain Polystyrene Packaging Market by Product Type
11.3.2.9.3 Spain Polystyrene Packaging Market by End Use
11.3.2.10 Netherlands
11.3.2.10.1 Netherlands Polystyrene Packaging Market by Material
11.3.2.10.2 Netherlands Polystyrene Packaging Market by Product Type
11.3.2.10.3 Netherlands Polystyrene Packaging Market by End Use
11.3.2.11 Switzerland
11.3.2.11.1 Switzerland Polystyrene Packaging Market by Material
11.3.2.11.2 Switzerland Polystyrene Packaging Market by Product Type
11.3.2.11.3 Switzerland Polystyrene Packaging Market by End Use
11.3.2.1.12 Austria
11.3.2.12.1 Austria Polystyrene Packaging Market by Material
11.3.2.12.2 Austria Polystyrene Packaging Market by Product Type
11.3.2.12.3 Austria Polystyrene Packaging Market by End Use
11.3.2.13 Rest of Western Europe
11.3.2.13.1 Rest of Western Europe Polystyrene Packaging Market by Material
11.3.2.13.2 Rest of Western Europe Polystyrene Packaging Market by Product Type
11.3.2.13.3 Rest of Western Europe Polystyrene Packaging Market by End Use
11.4 Asia-Pacific
11.4.1 Asia-Pacific Polystyrene Packaging Market by country
11.4.2 Asia-Pacific Polystyrene Packaging Market by Material
11.4.3 Asia-Pacific Polystyrene Packaging Market by Product Type
11.4.4 Asia-Pacific Polystyrene Packaging Market by End Use
11.4.5 China
11.4.5.1 China Polystyrene Packaging Market by Material
11.4.5.2 China Polystyrene Packaging Market by Product Type
11.4.5.3 China Polystyrene Packaging Market by End Use
11.4.6 India
11.4.6.1 India Polystyrene Packaging Market by Material
11.4.6.2 India Polystyrene Packaging Market by Product Type
11.4.6.3 India Polystyrene Packaging Market by End Use
11.4.7 Japan
11.4.7.1 Japan Polystyrene Packaging Market by Material
11.4.7.2 Japan Polystyrene Packaging Market by Product Type
11.4.7.3 Japan Polystyrene Packaging Market by End Use
11.4.8 South Korea
11.4.8.1 South Korea Polystyrene Packaging Market by Material
11.4.8.2 South Korea Polystyrene Packaging Market by Product Type
11.4.8.3 South Korea Polystyrene Packaging Market by End Use
11.4.9 Vietnam
11.4.9.1 Vietnam Polystyrene Packaging Market by Material
11.4.9.2 Vietnam Polystyrene Packaging Market by Product Type
11.4.9.3 Vietnam Polystyrene Packaging Market by End Use
11.4.10 Singapore
11.4.10.1 Singapore Polystyrene Packaging Market by Material
11.4.10.2 Singapore Polystyrene Packaging Market by Product Type
11.4.10.3 Singapore Polystyrene Packaging Market by End Use
11.4.11 Australia
11.4.11.1 Australia Polystyrene Packaging Market by Material
11.4.11.2 Australia Polystyrene Packaging Market by Product Type
11.4.11.3 Australia Polystyrene Packaging Market by End Use
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Polystyrene Packaging Market by Material
11.4.12.2 Rest of Asia-Pacific Polystyrene Packaging Market by Product Type
11.4.12.3 Rest of Asia-Pacific Polystyrene Packaging Market by End Use
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Polystyrene Packaging Market by Country
11.5.1.2 Middle East Polystyrene Packaging Market by Material
11.5.1.3 Middle East Polystyrene Packaging Market by Product Type
11.5.1.4 Middle East Polystyrene Packaging Market by End Use
11.5.1.5 UAE
11.5.1.5.1 UAE Polystyrene Packaging Market by Material
11.5.1.5.2 UAE Polystyrene Packaging Market by Product Type
11.5.1.5.3 UAE Polystyrene Packaging Market by End Use
11.5.1.6 Egypt
11.5.1.6.1 Egypt Polystyrene Packaging Market by Material
11.5.1.6.2 Egypt Polystyrene Packaging Market by Product Type
11.5.1.6.3 Egypt Polystyrene Packaging Market by End Use
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Polystyrene Packaging Market by Material
11.5.1.7.2 Saudi Arabia Polystyrene Packaging Market by Product Type
11.5.1.7.3 Saudi Arabia Polystyrene Packaging Market by End Use
11.5.1.8 Qatar
11.5.1.8.1 Qatar Polystyrene Packaging Market by Material
11.5.1.8.2 Qatar Polystyrene Packaging Market by Product Type
11.5.1.8.3 Qatar Polystyrene Packaging Market by End Use
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Polystyrene Packaging Market by Material
11.5.1.9.2 Rest of Middle East Polystyrene Packaging Market by Product Type
11.5.1.9.3 Rest of Middle East Polystyrene Packaging Market by End Use
11.5.2 Africa
11.5.2.1 Africa Polystyrene Packaging Market by Country
11.5.2.2 Africa Polystyrene Packaging Market by Material
11.5.2.3 Africa Polystyrene Packaging Market by Product Type
11.5.2.4 Africa Polystyrene Packaging Market by End Use
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Polystyrene Packaging Market by Material
11.5.2.5.2 Nigeria Polystyrene Packaging Market by Product Type
11.5.2.5.3 Nigeria Polystyrene Packaging Market by End Use
11.5.2.6 South Africa
11.5.2.6.1 South Africa Polystyrene Packaging Market by Material
11.5.2.6.2 South Africa Polystyrene Packaging Market by Product Type
11.5.2.6.3 South Africa Polystyrene Packaging Market by End Use
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Polystyrene Packaging Market by Material
11.5.2.7.2 Rest of Africa Polystyrene Packaging Market by Product Type
11.5.2.7.3 Rest of Africa Polystyrene Packaging Market by End Use
11.6 Latin America
11.6.1 Latin America Polystyrene Packaging Market by country
11.6.2 Latin America Polystyrene Packaging Market by Material
11.6.3 Latin America Polystyrene Packaging Market by Product Type
11.6.4 Latin America Polystyrene Packaging Market by End Use
11.6.5 Brazil
11.6.5.1 Brazil Polystyrene Packaging by Material
11.6.5.2 Brazil Polystyrene Packaging by Product Type
11.6.5.3 Brazil Polystyrene Packaging by End Use
11.6.6 Argentina
11.6.6.1 Argentina Polystyrene Packaging by Material
11.6.6.2 Argentina Polystyrene Packaging by Product Type
11.6.6.3 Argentina Polystyrene Packaging by End Use
11.6.7 Colombia
11.6.7.1 Colombia Polystyrene Packaging by Material
11.6.7.2 Colombia Polystyrene Packaging by Product Type
11.6.7.3 Colombia Polystyrene Packaging by End Use
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Polystyrene Packaging by Material
11.6.8.2 Rest of Latin America Polystyrene Packaging by Product Type
11.6.8.3 Rest of Latin America Polystyrene Packaging by End Use
12 Company profile
12. Styrochem
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Sonoco Products Company
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Sealed Air Corporation
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Alpek SAB de CV
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Monotez
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Rogers Foam
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Huhtamaki Oyj
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 ACH Foam Technologies
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Versalis
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Jackon
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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