The polystyrene packaging market is expected to grow from USD 26.81 billion in 2025 to USD 39.60 billion by 2034, with a CAGR of 4.43%. Asia Pacific is the leading region, holding a 46% share in 2024, and North America is projected to grow at a rate of 26% during the forecast period. The report provides detailed breakdowns by material (foam leading, plastics growing), product (cups leading in 2024), and end-use (food and beverages leading). EPS packaging is expected to grow at a CAGR of 9.53%, from USD 13.2 billion in 2025 to USD 29.52 billion by 2034.
Current Innovations and Industry Progress by Key Market Players
- In December 2023, BASF SE, chemicals company, revealed the intent to launch a new line of eco-friendly expanded polystyrene products. These products will focus on incorporating recycled materials and improving recyclability while maintaining high insulation performance for the building and construction industry.
- In June 2023, Styrofoam Inc., a trademarked brand of closed-cell extruded polystyrene foam (XPS), announced that they are planning to debut a new biodegradable polystyrene foam product. This foam will offer the same protective properties as traditional EPS but with a focus on environmental sustainability through advanced biodegradable materials.
- In May 2024, Plastipak Packaging, Inc., a company focused on designing, manufacturing and recycling of plastic containers signed the partnership with The Kraft Heinz Company, food company, to develop innovative new range of high-performance polystyrene containers. These containers will be optimized for both durability and eco-friendly, catering to the increasing needs of the food and beverage packaging sector.
Polystyrene Packaging Market Companies
- ACH Foam Technologies
- Alpek SAB de CV
- Arkema S.A.
- Alpek, S.A.B. De C.V.
- Jackon
- Monotez
- Sunpor Kunststoff
- Styrochem
- Versalis
- Sonoco Products Company
- Sealed Air Corp
- Huhtamaki Oyj
- Rogers Foam
- NEFAB GROUP
- Huebach Corporation
- Ohishi Sangyo Co.,Ltd.
- Versalis S.P.A.
- Total S.A.
- Nova Chemicals Corporation
- Saudi Basic Industries Corporation (SABIC)
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