Expanded Polystyrene Market Size, Share, Industry, Forecast and outlook (2024-2031)
The increasing use of EPS in packaging boosts the demand of the expanded polystyrene market. EPS is favored for its lightweight nature, shock absorbency and thermal insulation, making it an ideal material for packaging in industries like electronics, pharmaceuticals and food & beverages. According to the World Packaging Organisation (WPO) world packaging industry will reach $1.05 trillion by 2024, with EPS playing a significant role in this growth.