Expanded Polystyrene Market Size To Reach $12.97 Billion By 2025

Monday 20 November 2017, Amsterdam

The globak expanded polystrene is projected to reach approximately USD 12.97 billion by 2025, according to a new report conducted by Grand View Research, Inc. Rising growth of millennials and nuclear families as well increase in disposable income towards consumption of single use EPS containers provided by urban food outlets and takeaway stations is expected to promote the usage of expanded polystyrene. In addition, innovation in automotive sector including making cars more light weight and fuel efficient by global car manufacturers will propel to the growth of EPS over the forecast period.

EPS demand in packaging industry are projected to grow at a CAGR of 5.0% from 2016 to 2025. High rate of manufacturing capabilities across developing nations, growing rate of exports across nations, and future growth in high rate of e-commerce business is projected to keep extensive market reach for packaging products over the next nine years.

The rate of inward migration in regions like Europe, and North America will eventually increase the rate of residence complexes aided by employment and spending capabilities among consumers, which will surge the growth of construction sector as well as fuel to the demand for EPS over the projected period.The concept of Green building which requires extensive application of processes that includes efficient use of energy, protecting occupant’s health, as well as reducing waste, pollution, and environmental degradation is expected to be one of the major driving factors for the growth of EPS.