The Global Polystyrene Foam Product Manufacturing Market Report by The Business Research Company covers polystyrene foam product manufacturing market drivers and restraints, polystyrene foam product manufacturing market size, major players, and the impact of COVID-19 on the polystyrene foam product manufacturing market.

The polystyrene foam product manufacturing market consists of sales by entities (organizations, sole traders and partnerships) that manufacture polystyrene foam products which are used in food packaging, electronics packaging, automobiles and the construction industry. These products include coolers, ice chests, cups, dinnerware, insulation sheets and other products made from polystyrene foam. This market does not include sales of other plastic foam products.

The polystyrene foam products market size reached a value of nearly $62.4 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 3.8% to nearly $75.1 billion by 2023.

The polystyrene foam products manufacturing market benefitted from increased use of food containers and packaging material due to a rise in the popularity of food delivery portals and take away restaurants. Polystyrene is widely used in food packaging as it provides good insulation, thus keeping food fresh for a longer duration, compared to other alternatives. The rise in online food delivery services due to a wide variety of food choices, convenience and flexible payment options increased the sales of restaurants and takeaways through online food aggregator service providers during this period. For instance, in 2016, the online food delivery industry in India grew by 150% in 2016. This growth in the online food delivery market is contributing to the increase in the demand for polystyrene packaging material.

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Some polystyrene foam product manufacturing market trends developing new technologies to recycle polystyrene foam, to reduce raw material costs and to comply with stringent environmental regulations relating to polystyrene foam products. Moreover, polystyrene manufacturing companies are using CO2RE foaming technology to reduce raw material consumption in the production of packaging material. In this process, liquid carbon dioxide is injected as a physical foaming agent. This process reduces the density of polystyrene sheets by up to 20%, thus reducing the amount of raw material used in the production.

Global polystyrene foam product manufacturing market segments include:

1) By Segment: Packaging, Automotive, Construction, Others

2) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Polystyrene Foam Product Manufacturing Opportunities And Strategies: Forecast To 2023 is one of a series of new reports from The Business Research Company that provides polystyrene foam product manufacturing market overviews, analyzes and forecasts market size, share, polystyrene foam product manufacturing market players, polystyrene foam product manufacturing market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The polystyrene foam product manufacturing identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Polystyrene Foam Product Manufacturing Global Market Report 2021: Forecast To 2023 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Wuxi Xingda New Foam Plastics Materials Co., Ltd., Dart Container Corporation, O. N. Sunde AS, Alpek S.A.B. de C.V., Synthos S.A.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Polystyrene Foam Product Manufacturing Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Polystyrene Foam Product Manufacturing Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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