The net worth of the PS Containers market share is anticipated to increase from US$ 1352.7 million in 2023 to US$ 1747.3 million or more by 2033. From 2023 to 2033, the market is anticipated to grow at a CAGR of 2.6%. The demand for PS containers has increased as a result of rapid urbanisation and changing lifestyles, particularly in emerging nations.
The highest grade foamed polystyrene, which can be easily moulded into a wide variety of forms and combinations, is used to make PS containers. PS containers are ideally suited for packaging both hot and cold foods because to their strong thermal resistance and insulation qualities.
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PS Containers Market: An Overview
PS containers are manufacturers from finest quality foamed polystyrene which can turn into a multitude of shapes and configurations. PS Containers have excellent insulations properties and good thermal resistance making them highly suitable for packaging of both hot and cold foods. Hot food packed in PS containers will stay warm and cold food will stay cold for a longer time. Hence, PS containers are widely used in the foodservice industry.
PS containers are accessible in various product types such as bottles, jars, plates & bowls, trays, blisters & clamshell, and others. Its availability in different size and shape have proven to fulfill the need for various end-use applications. PS containers are lighter than many other materials making it a very economical choice for a wide range of applications. Thus, PS containers are gaining popularity in various end-use industries such as food, medical, electrical & electronics, cosmetics & personal care and others. Also, its recyclable nature is expected to create an optimistic outlook for the growth of the global PS containers market during the forecast period.
PS Containers Market: Dynamics
Consumer preference for takeaway or ready to eat food is growing, owing to varying lifestyles, rising disposable income and rapid urbanization, especially in developing economies. Furthermore, corporate work culture leading to out of home food practices is also strengthening demand for PS containers for packaging applications.
These factors are expected to fuel the growth of the global PS containers market during the forecast period. Exceptional parameters of PS containers such as lightweight nature, low cost, and easy accessibility widening their usage in industries such as medical, electrical & electronics, cosmetics & personal care and others. Such factors together are foreseen to propel the growth of the global PS containers market during the forecast period.
PS containers consumed very few energy and raw material during the manufacturing process as compared to other products and virtually required no water. Thus, PS containers are cost-effective product making them ideal packaging solutions. This factor is expected to push the growth of the global PS containers market during the forecast period. Overall, the global PS containers market is likely to register notable CAGR during the forecast period.
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PS Containers Market: Key Trend
Some of the key trend are observed among the PS containers manufacturers are listed below:
- To influence consumer purchase and differentiate product offerings, PS containers manufacturers are focusing towards introducing products with new texture, graphics, eye-catching colors and innovative design of packaging products.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
- Japan
PS Containers Market: Segmentation
On the basis of product type, the PS Containers market is segmented into:
- Bottles
- Jars
- Plates & Bowls
- Trays
- Blisters & Clamshell
- Others
On the basis of end use, the PS Containers market is segmented into:
- Food
- Bakery & Confectionery
- Deli
- Produce
- Foodservice
- Frozen Food
- Medical
- Medical Device
- Pharmaceuticals
- Electricals & Electronics
- Cosmetics & Personal care
- Consumer Goods
- Others
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PS Containers Market Reports Highlights:
- A detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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