The Global Loose Fill Polystyrene Packaging Market Is Estimated To Exhibit A CAGR Of 4.1% Over The Forecast Period.

Loose Fill Polystyrene Packaging Market Overview:

Loose-fill packaging is important for the safe shipping of packaged goods because it fills the voids in the box and keeps the product from moving during transit. There are many types of loose fill packaging on the market, including biodegradable, recyclable and environmentally friendly fillings. Growing awareness of environmental issues has made these grades of polystyrene loose fill packaging popular worldwide. For example, Topa Packaging manufactures biodegradable expanded polystyrene (EPS) loose filler under the brand name Flo-Pak Green.

Loose Fill Polystyrene Packaging Market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Loose Fill Polystyrene Packaging Market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In July 2018, Pregis LLC acquired Free-Flow Packaging International Inc. This acquisition is aimed at providing a diversified product portfolio for e-commerce shipping packaging solutions.

Major Market Segments Covered in Loose Fill Polystyrene Packaging Market Industry Research:

Market Key Players:
Alsamex Products, Nefab Group, Davpack, Storopack, Imperial, XPAC Technologies, And Others.

By Type:

• Ordinary Polystyrene
• EPS
• HIPS
• SPS

By Application:

• Consumer Goods
• Cosmetics & Personal Care
• Pharmaceutical
• Others

By Region:

Asia Pacific held the dominant position in terms of revenue share in the global loose-fill polystyrene packaging market in 2017, accounting for a market share of 44.1%. End-use industries such as pharmaceuticals, cosmetics and personal care industries in the region are growing rapidly, driving the growth of the market in the region. For example, according to data provided by the International Trade Administration (ITA), Japan's total market for cosmetics and personal care products was valued at US$ 13.2 billion in 2015.

In addition, the growing demand for pharmaceuticals is driven by the steady growth of the geriatric population, mainly in the Asia-Pacific region. According to the World Bank, the growth rate of the elderly population in East Asia is higher than in other parts of the Asia Pacific. In 2010, more than 211 million inhabitants were recorded in the elderly population category in East Asia, of which China accounted for 130 million inhabitants. The growing pharmaceutical industry is expected to support the demand for loose-fill polystyrene packaging for the applied pharmaceutical sector.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Drivers:

During the forecast period, the global loose peel packaging market is expected to be driven by the increasing application of loose peel packaging in electronics, automotive, home care and personal care industries, especially in emerging countries. Loose-fill packaging is a low-cost protective packaging option for standard-sized corrugated shipping containers, which eliminates the need for custom-designed boxes for all delicate products, resulting in a more profitable end product.

Restraint:

The growing use of loose-fill packaging has raised environmental concerns. This is because once the packaged product is opened, it loses its value. Due to the continued dumping of this type of loose fill packaging, regulators are imposing stringent recycling standards on market participants.

Loose Fill Polystyrene Packaging Market report scope:

Key Takeaways from this Loose Fill Polystyrene Packaging Market Report

• Estimate Loose Fill Polystyrene Packaging Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Loose Fill Polystyrene Packaging Market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Loose Fill Polystyrene Packaging Market?

The Loose Fill Polystyrene Packaging Market is growing at a CAGR of 4.1% During Forecast Period.

 What are the key types of Loose Fill Polystyrene Packaging Market?

Ordinary Polystyrene, EPS, HIPS, SPS

What are the key applications of Loose Fill Polystyrene Packaging Market?

Consumer Goods, Cosmetics & Personal Care, Pharmaceutical, Others     

Who are the key players in Loose Fill Polystyrene Packaging Market?

Alsamex Products, Nefab Group, Davpack, Storopack, Imperial, XPAC Technologies, And others.