DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Expanded Polystyrene Packaging Market 2016-2020" report to their offering.
The global EPS packaging market is expected to grow at a CAGR of 6.86% during the period 2016-2020.
The growing food takeout and delivery industry is the major growth driver of the global EPS packaging market. The demand for EPS from this industry is high because EPS can be painted and coated, which further enhances its properties like mechanical strength and water vapor diffusion resistance.
According to the report, the high recycling rate of EPS makes it a more suitable material used for packaging compared to other plastic packaging materials. Recycled EPS can be used for foam packaging and also for making products such as CD cases and coat hangers. EPS is a plastic packaging material; however, it is less harmful to the environment compared to other plastic packaging materials used for the same applications. Also, EPS makes up only 0.1% of municipal solid waste in the US.
Further, the report states that environmental and human health concerns about the use and effects of EPS negatively affect the demand for EPS packaging and hence the profit margin of vendors and the market growth.
- Kaneka Corp.
- Saudi Basic Industries Corp. (SABIC)
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/vvqfv3/global_expanded