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.
Technavio has released a new market research report on the global EPS packaging market, which is expected to grow at a CAGR of around 7% between 2016 and 2020. EPS packaging is preferred over paper and other natural packaging products, owing to its high recycling rate. Properties of EPS such as shock absorption, lightweight, and high recycling rate are the factors for their growing demand. APAC leads the global EPS market, occupying around 43% of the total market share. 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.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The growth of the EPS packaging market is directly related to the growth of the takeout and delivery industry. With the advent of e-commerce industry, which is growing at double-digit rate, the growth of the takeout and delivery industry is self-evident and thus rise is EPS packaging. EPS packaging has numerous applications in this industry in the form of foam trays, EPS containers, packaging services, and EPS for dunnage,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research
The electronic appliances industry accounts for the majority of the overall market share. 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.
The key vendors in the global EPS packaging market include BASF, INEOS, Kaneka, SABIC, and Synthos. The 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.
A more detailed analysis is available in the Technavio report, Global EPS Packaging Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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