Expanded Polystyrene Market Size for Packaging to Grow by USD 3.15 Bn, BASF SE, and Kaneka Corp. Among Key Vendors - Technavio
NEW YORK, July 26, 2022 /PRNewswire/ -- Expanded polystyrene is made from polystyrene solid beads, which are produced from the emulsion polymerization of the styrene monomer. It is a rigid transparent thermoplastic that has good electrical insulating and physical properties. It is mainly used in building and construction, packaging, and other applications due to its high insulation properties and strength.
The "Expanded Polystyrene Market For Packaging Market by Application (electronic appliances, food and beverages, healthcare, and others) and Geography (APAC, Europe, North America, South America, and MEA) - Forecast and Analysis 2021-2025" report has been added to Technavio's offering.
The potential growth difference for the expanded polystyrene market size for packaging between 2020 and 2025 is USD 3.15 bn. To get a comprehensive report summary describing the market size and forecast along with research methodology, Request a Sample Report.
- Market Driver: The environmental benefits associated with expanded polystyrene are driving the growth of the market.
- Market Challenge: The popularity of bioplastic packaging is challenging the growth of the market.
For information about challenges and drivers that will shape the future of the market, View a Sample Report
The expanded polystyrene market for packaging market report is segmented by application (electronic appliances, food and beverages, healthcare, and others) and geography (APAC, Europe, North America, South America, and MEA).
APAC will be the leading region with 72% of the market's growth during the forecast period. China and Japan are the key countries for the expanded polystyrene market for packaging in APAC.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View our Sample Report
The global expanded polystyrene market for packaging is consolidated due to the presence of a limited number of vendors that provide expanded polystyrene material. Large vendors account for a major share of the market. They are focusing on R&D to develop advanced packages. The entry of new vendors is limited due to the need for significant capital investments. Dedicated lines and customized machinery are needed, which increases the capital cost. The key vendors are focusing on M&A to improve their geographical footprint and to gain an edge over their competitors.
Alpek SAB de CV, BASF SE, Kaneka Corp., NOVA Chemicals Corp., Saudi Basic Industries Corp., SUNPOR Kunststoff GmbH, Synthos SA, The JACKON GROUP, Versalis Spa, and TotalEnergies SE are among the key vendors operating in the market. The key offerings of some of the vendors are listed below:
- Alpek SAB de CV - The company offers propylene, which is made up of plastic and is widely used in containers and packaging for food and consumer products.
- BASF SE - The company offers polystyrene under the brand name of Styropor.
- Kaneka Corp. - The company offers polystyrene under the brand name of Kanepearl.
- NOVA Chemicals Corp. - The company offers polystyrene to deliver plastic products that make everyday life, healthier, easier, and safer.
- Saudi Basic Industries Corp. - The company offers polystyrene to deliver plastic products that make everyday life, healthier, easier, and safer.
This report provides a full list of key vendors, their strategies, and the latest developments. Request a Sample Now
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Expanded Polystyrene Market For Packaging Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 6.4% |
Market growth 2021-2025 | USD 3.15 billion |
Market structure | Fragmented |
YoY growth (%) | 8.97 |
Regional analysis | APAC, Europe, North America, South America, and MEA |
Performing market contribution | APAC at 72% |
Key consumer countries | China, US, Germany, Japan, and France |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Alpek SAB de CV, BASF SE, Kaneka Corp., NOVA Chemicals Corp., Saudi Basic Industries Corp., SUNPOR Kunststoff GmbH, Synthos SA, The JACKON GROUP, TotalEnergies SE, and Versalis Spa |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
- 1.1 Market Overview
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 08: Parent market
- Exhibit 09: Market characteristics
- 2.2 Value chain analysis
- Exhibit 10: Value chain analysis: Specialty chemicals
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2020
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 13: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 14: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 15: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 16: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 17: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 18: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 19: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 20: Threat of rivalry
- 4.7 Market condition
- Exhibit 21: Market condition - Five forces 2020
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 22: Application - Market share 2020-2025 (%)
- 5.2 Comparison by Application
- Exhibit 23: Comparison by Application
- 5.3 Electronic appliances - Market size and forecast 2020-2025
- Exhibit 24: Electronic appliances - Market size and forecast 2020-2025 ($ million)
- Exhibit 25: Electronic appliances - Year-over-year growth 2020-2025 (%)
- 5.4 Food and beverages - Market size and forecast 2020-2025
- Exhibit 26: Food and beverages - Market size and forecast 2020-2025 ($ million)
- Exhibit 27: Food and beverages - Year-over-year growth 2020-2025 (%)
- 5.5 Healthcare - Market size and forecast 2020-2025
- Exhibit 28: Healthcare - Market size and forecast 2020-2025 ($ million)
- Exhibit 29: Healthcare - Year-over-year growth 2020-2025 (%)
- 5.6 Others - Market size and forecast 2020-2025
- Exhibit 30: Others - Market size and forecast 2020-2025 ($ million)
- Exhibit 31: Others - Year-over-year growth 2020-2025 (%)
- 5.7 Market opportunity by Application
- Exhibit 32: Market opportunity by Application
6 Customer landscape
- 6.1 Overview
- Exhibit 33: Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 34: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 35: Geographic comparison
- 7.3 APAC - Market size and forecast 2020-2025
- Exhibit 36: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 37: APAC - Year-over-year growth 2020-2025 (%)
- 7.4 Europe - Market size and forecast 2020-2025
- Exhibit 38: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 39: Europe - Year-over-year growth 2020-2025 (%)
- 7.5 North America - Market size and forecast 2020-2025
- Exhibit 40: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 41: North America - Year-over-year growth 2020-2025 (%)
- 7.6 South America - Market size and forecast 2020-2025
- Exhibit 42: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 43: South America - Year-over-year growth 2020-2025 (%)
- 7.7 MEA - Market size and forecast 2020-2025
- 7.8 Key leading countries
- Exhibit 46: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 47: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- Exhibit 48: Impact of drivers and challenges
- 8.3 Market trends
9 Vendor Landscape
- 9.1 Overview
- Exhibit 49: Vendor landscape
- 9.2 Landscape disruption
- Exhibit 50: Landscape disruption
- Exhibit 51: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 52: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 53: Market positioning of vendors
- 10.3 Alpek SAB de CV
- Exhibit 54: Alpek SAB de CV - Overview
- Exhibit 55: Alpek SAB de CV - Business segments
- Exhibit 56: Alpek SAB de CV - Key offerings
- Exhibit 57: Alpek SAB de CV - Segment focus
- 10.4 BASF SE
- Exhibit 58: BASF SE - Overview
- Exhibit 59: BASF SE - Business segments
- Exhibit 60: BASF SE - Key offerings
- Exhibit 61: BASF SE - Segment focus
- 10.5 Kaneka Corp.
- Exhibit 62: Kaneka Corp. - Overview
- Exhibit 63: Kaneka Corp. - Business segments
- Exhibit 64: Kaneka Corp. - Key offerings
- Exhibit 65: Kaneka Corp. - Segment focus
- 10.6 NOVA Chemicals Corp.
- Exhibit 66: NOVA Chemicals Corp. - Overview
- Exhibit 67: NOVA Chemicals Corp. - Product and service
- Exhibit 68: NOVA Chemicals Corp. - Key offerings
- 10.7 Saudi Basic Industries Corp.
- Exhibit 69: Saudi Basic Industries Corp. - Overview
- Exhibit 70: Saudi Basic Industries Corp. - Business segments
- Exhibit 71: Saudi Basic Industries Corp. - Key offerings
- Exhibit 72: Saudi Basic Industries Corp. - Segment focus
- 10.8 SUNPOR Kunststoff GmbH
- Exhibit 73: SUNPOR Kunststoff GmbH - Overview
- Exhibit 74: SUNPOR Kunststoff GmbH - Product and service
- Exhibit 75: SUNPOR Kunststoff GmbH - Key offerings
- 10.9 Synthos SA
- Exhibit 76: Synthos SA - Overview
- Exhibit 77: Synthos SA - Product and service
- Exhibit 78: Synthos SA - Key offerings
- 10.10 The JACKON GROUP
- Exhibit 79: The JACKON GROUP - Overview
- Exhibit 80: The JACKON GROUP - Product and service
- Exhibit 81: The JACKON GROUP - Key offerings
- 10.11 TotalEnergies SE
- Exhibit 82: TotalEnergies SE - Overview
- Exhibit 83: TotalEnergies SE - Business segments
- Exhibit 84: TotalEnergies SE - Key offerings
- Exhibit 85: TotalEnergies SE - Segment focus
- 10.12 Versalis Spa
- Exhibit 86: Versalis Spa - Overview
- Exhibit 87: Versalis Spa - Product and service
- Exhibit 88: Versalis Spa - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Currency conversion rates for US$
- Exhibit 89: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 90: Research Methodology
- Exhibit 91: Validation techniques employed for market sizing
- Exhibit 92: Information sources
- 11.4 List of abbreviations
- Exhibit 93: List of abbreviations
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SOURCE Technavio
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