Global Loose Fill Polystyrene Packaging Market is estimated to be valued at US$ 405.00 Mn in 2021, according to the Global Loose Fill Polystyrene Packaging Market Report, 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), published by Coherent Market Insights.
Global loose fill polystyrene packaging market was valued at US$ 405.00 Mn in 2021. Loose Fill Polystyrene Packaging Market is expected to register a CAGR of 3.04 % over the forecast period (2022–2030), to reach US$ 529.35 Mn by 2030.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/loose-fill-polystyrene-packaging-market-2130
Key Trends and Analysis of the Global Loose Fill Polystyrene Packaging Market:
- Based on application, the cosmetics & personal care products packaging segment is anticipated to record the fastest growth, representing a CAGR of 3.04 % during the forecast period. Steadily growing cosmetics and personal care industry worldwide is the major a factor contributing to this segment growth. For instance, according to the National Association of Perfumery and Cosmetics (STANPA), the cosmetics and perfumery industry was estimated to be valued at US$ 529.35 Mn in 2030.
Key Takeaways of the Global Loose Fill Polystyrene Packaging Market:
- North America was reported as the second largest market with a market value of US$ 405.00 Mn in 2021. The steadily growing retail e-commerce sales in the region, is fuelling growth of e-commerce packaging and supporting demand for loose fill polystyrene packaging for safe shipping of the products.
- Furthermore, increasing use of various electronic devices such as mobile phones, tablets, and laptops, is anticipated to support growth of e-retailing, which in turn is expected to support growth of the market as well.
- Major players operating in the global loose fill polystyrene packaging market include Alsamex Products Ltd., Nefab Group, XPAC Technologies Pte Ltd., Salazar Packaging Inc., Storopack Inc., Free-Flow Packaging International Inc., Imperial Dade, Samuel Grant Group Ltd., and Styro Tech Ltd.
