LONDON--(BUSINESS WIRE)--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Expanded Polystyrene Packaging Market Procurement Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the packaging and labeling industry. This report breaks down the data and analysis behind the procurement of expanded polystyrene packaging and acts as an all-inclusive guide for making smart purchasing decisions.
“The growth of EPS packaging will be driven by emerging markets such as APAC and South America,” says SpendEdge procurement analyst A Kowshik. “Also, the demand for durable, lightweight, and convenient packaging from end-user segments will influence the category spend,” added A Kowshik.
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Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global Expanded Polystyrene Packaging Market:
- Increasing focus on recycling of EPS packaging
- Adoption of EPS packaging across product categories
- Increasing availability of biodegradable options to EPS packaging
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Increasing focus on recycling of EPS packaging
In the expanded polystyrene packaging market, innovative end-user applications for recycled EPS are continuing to evolve. The buyers in the market can benefit from the increasing availability of recycling technologies for EPS packaging.
Adoption of EPS packaging across product categories
In recent years, the EPS packaging has grown considerably across a wide range of industries. This is mainly due to its characteristics such as lightweight, thermal insulation, and versatility. The availability of innovative designs and sizes can help the buyers reduce costs.
Increasing availability of biodegradable options to EPS packaging
In the expanded polystyrene packaging market, the packaging is facing intense competition from non-foam and nonpetroleum-based materials. The growing competition can facilitate adherence to environmental protection.
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