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The expanded polystyrene market size is forecast to increase by USD 2.78 billion at a CAGR of 4.72% between 2023 and 2028. Expanded polystyrene (EPS), also known as Styrofoam, is a versatile plastic material widely used for various applications, including packaging peanuts, thermal insulation, and shock absorption. EPS offers several benefits, such as excellent moisture resistance, thermal insulation, and shock absorption, making it a preferred choice for industries like food and beverage, construction, and automotive. The market for expanded polystyrene is witnessing significant growth due to several factors. One of the primary drivers is the growing concern for occupant health and well-being, as EPS provides superior insulation, ensuring food stays fresh for longer periods. Moreover, the increasing sense of community and social responsibility is fueling the demand for eco-friendly packaging solutions, and EPS's environmental benefits, such as its ability to be recycled, make it an attractive option. Another trend driving the market's growth is the growing popularity of food delivery and takeaway services, which require effective packaging solutions to ensure the safe transportation of food items.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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