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Expanded Polystyrene (EPS) Market Scope and Trends Analysis by 2025

Rising growth of millennials and nuclear families as well increase in disposable income towards consumption of single use EPS containers provided by urban food outlets and takeaway stations is expected to promote the usage of expanded polystyrene. The Global Expanded Polystyrene Market is projected to reach approximately USD 12.97 billion by 2025, according to a new report conducted by Grand View Research, Inc. In addition, innovation in automotive sector including making cars more light weight and fuel efficient by global car manufacturers will propel to the growth of EPS over the forecast period. EPS demand in packaging industry are projected to grow at a CAGR of 5.0% from 2016 to 2025. High rate of manufacturing capabilities across developing nations, growing rate of exports across nations, and future growth in high rate of e-commerce business is projected to keep extensive market reach for packaging products over the next nine years. The rate of inward migration