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This market research report provides a comprehensive analysis of the global EPS packaging market by application (food and beverage, electronic appliances, healthcare, and others). It outlines the market shares for key regions such as APAC, Europe, North America, and ROW. It outlines the key drivers, trends, and challenges along with their impact on this market. The key vendors analyzed in this report are BASF, INEOS, Kaneka, SABIC, and Synthos.
Market overview of expanded polystyrene packaging
The research analyst predicts the global expanded polystyrene (EPS) packaging market to grow at a CAGR of close to 7% during the forecast period. The high recycling rate of EPS makes it a more suitable material used for packaging compared to other plastic packaging materials. Polystyrene, EPS, acrylonitrile butadiene styrene (ABS), styrene-acrylonitrile (SAN) resins and thermoplastic elastomers are the major plastic products used for different packaging applications. Out of these products, EPS has the highest recycling rate of 15%. Recycled EPS can be used for foam packaging and also for making products such as CD cases and coat hangers. Moreover, it is less harmful to the environment compared to other plastic packaging materials used for the same applications.
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The growth of the takeout and delivery industry is expected to aid the growth of the EPS packaging market by the end of 2020. EPS packaging has numerous applications in this industry in the form of foam trays, EPS containers, packaging services, and EPS for dunnage. Investments in the food ordering industry have increased by nearly 13 times from 2013 to 2014. Also, the growth of the e-commerce industry will further encourage the prospects of the EPS packaging industry.
Competitive landscape and key vendors
The global EPS market is competitive and has the presence of both well-diversified global and regional vendors. The competition among these providers has intensified in the market based on product differentiation such as standard EPS for packaging and molding applications and EPS used in cushion packaging materials.
The leading vendors in the market are -
-BASF
-INEOS
-Kaneka
-SABIC
-Synthos
Other prominent vendors in the market include ACH Foam Technologies, Alpek SAB de CV, Jackon, Knauf, Monotez, Nova Chemicals, Owens Corning, SC Adeplast, Sunpor Kunststoff, Styrochem, Total SA, and Versalis.
Segmentation by application and analysis of the EPS packaging market
-Food and beverage
-Electronic appliances
-Healthcare
-Others
The electronic appliances industry accounted for the majority of the market share during 2015. EPS packaging is used to package small to large electronic appliances like blenders and washing machines, and electronic products like personal computers and scanners. The shock absorption and lightweight properties of EPS makes it as a preferred choice for packaging applications among companies in this industry. Also, with the use of EPS packaging, the impact of force and stress on appliances that are packed is almost negligible due to the presence of cushioning elements.
Geographical segmentation and analysis of the EPS packaging market
-APAC
-Europe
-North America
-ROW
The APAC region led the global market during 2015, accounting for a market share of around 44%. Growing demand for EPS for packaging applications in the electronic appliances industry in China is one of the major reason for the growth of the market in APAC. India, Philippines, and Malaysia are the other major contributors in this region.
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Key questions answered in the report include
-What will the market size and the growth rate be in 2020?
-What are the key factors driving the global EPS packaging market?
-What are the key market trends impacting the growth of the EPS packaging market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the vendors in the global EPS packaging market?
-What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
-What are the key outcomes of the five forces analysis of the EPS packaging market?
Table Of Contents – Major Key Points
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by application
Global EPS packaging market by application
Global EPS packaging market by electronic appliances industry
Global EPS packaging market by food and beverage industry
Global EPS packaging market by healthcare industry
Global EPS packaging market by other industries
PART 07: Geographical segmentation
Global EPS packaging market by geography
EPS packaging market in APAC
EPS packaging market in North America
EPS packaging market in Europe
EPS packaging market in ROW
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
……..CONTINUED
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