Loose Fill Polystyrene Packaging Market Size and Trends

Loose Fill Polystyrene Packaging Market, By Application (Consumer Goods Packaging, Pharmaceutical Packaging, Cosmetics & Personal Care Products Packaging, Others), and By Region (North America, Europe, Asia pacific, Latin America, Middle East, Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Dec 2022

Code : CMI2130

Pages :120

Formats :

Excel and PDF

Industry : Packaging

Loose Fill Polystyrene Packaging MarketSize and Trends

Global loose fill polystyrene packaging market was valued at US$ 405.00 Mn in 2021 in terms of revenue, exhibiting a CAGR of 3.04 % during the forecast period (2022 to 2030).

Market Trends

Asia Pacific is expected to dominate this market in the forecast period. This progress is attributable to the growing e-commerce sector in the region and the immense craze for protective packing including loose fill polystyrene packages. The Asia Pacific region is projected to emerge as the fastest growing region in this market. The presence of emerging countries like India and China and there their broad market spectrum for loose fill polystyrene packaging is the fundamental reason behind such progress. Others factors that can be traced as the determinant of such rapid growth in this region are rising turnover and exports and imports in the automotive industry and the electronic sector, rapid urbanization and its consequent effect on the improvement of standard of living and soaring purchasing power.