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Business Situation: Future growth of Expanded Polystyrene Packaging Market
Expanded Polystyrene Packaging Market
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The demand of green buildings has emerged as a new opportunity for the market. These sustainable buildings are the most economic and durable buildings. Polystyrene is used as an insulation material during the construction of such building. These are the factors creating new opportunities for the market.
The report has divided the market based on product type, end-use, and regional analysis.
White expanded polystyrene packaging type will be the most lucrative
White expanded polystyrene packaging segment garnered the highest revenue in 2018 and is expected to continue the growth during the next forecast period. The exhibiting properties of the white polystyrene packaging such as mechanical durability, water resistance and others are the main driving factors of the market.
Food and Beverage to register the highest market size
The food and beverage segment will continue to have the highest market size in the upcoming years. The major driving factor behind this growth is the usage of expanded polystyrene for the food packaging materials such as plates, containers, and others.
Check out How COVID-19 impact on the Expanded Polystyrene Packaging Market. Click here to Connect with Analyst @ https://www.researchdive.com/connect-to-analyst/104
North America will lead the market
North America ruled the global market in 2018 in terms of market share and is further predicted to continue the dominance. The reason behind this growth is attributed to the implementation of polystyrene packaging materials by the buildings & construction industry for the several applications such as residential & commercial buildings, roadways, and other construction activities.
Key Players and Business Strategies
The report enlists the leading players of the market including INEOS, BASF SE, SABIC, KANEKA CORPORATION, Synthos, StyroChem, Dow, Ravago, Versalis S.p.A., Total, and many others. The report also recapitulates many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments by the leading players.
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