The expanded polystyrene packaging market is expected to grow from USD 13.2 billion in 2025 to USD 29.52 billion by 2034, with a CAGR of 9.53%. The market is growing due to the increasing demand from industries like electronics, e-commerce, food and beverages, and pharmaceuticals.
Expanded Polystyrene for Packaging Market Key Players
Latest Announcements by Industry Leaders
- In February 2025, Christian Bekken, CEO of BEWI, expressed, “Through the collaboration with TRCG, we strengthen RAW’s position in the European EPS market. We maintain the operational benefits of being vertically integrated while at the same time facilitating growth in our downstream business. Here, we have higher margins and see a higher growth potential both organically and through acquisitions, supported by strong megatrends for the construction markets in Europe”.
New Advancements in Expanded Polystyrene for the Packaging Market
- In February 2025, BEWI collaborated with the Rock Capital Group (TRCG) to combine their respective raw material businesses to create a leading EPS producer in Europe.
- In November 2024, the Indian Institute of Science (IISc) announced the development of a biodegradable foam that could transform the packaging industry while addressing critical environmental concerns.
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