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Polystyrene Packaging Market Report Scope & Overview:

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.

Polystyrene Packaging Market Revenue Analysis

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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.

MARKET DYNAMICS

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.

IMPACT OF RUSSIAN UKRAINE WAR

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.

IMPACT OF ONGOING RECESSION

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.

KEY MARKET SEGMENTS

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

Polystyrene Packaging Market Segment Analysis

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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.

REGIONAL ANALYSIS

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  

Key Players

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.

Sealed Air Corporation-Company Financial Analysis

Company Landscape Analysis

RECENT DEVELOPMENT

  • In order to reach its sustainability and recycling goals, on May 2022, Alpek acquired OCTAL Holding SAOC, a leading provider of PET packaging.

Polystyrene Packaging Market Report Scope:
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.

 

Frequently Asked Questions

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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Secondary Research

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Primary Research

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Data Bank Validation

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