Loose fill polystyrene packaging market

Loose Fill Polystyrene Packaging Market, By Application (Consumer Goods Packaging, Pharmaceutical Packaging, Cosmetics & Personal Care Products Packaging, Others), and By Region (North America, Europe, Asia pacific, Latin America, Middle East, Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Dec 2022
CMI2130
120 Pages
Excel & Pdf
Packaging

Summary

Loose fill packaging is important for safe shipping of packaged goods, as they fill empty spaces in the box and prevent products from moving during transportation. There are various types of loose fill packaging material available in the market including biodegradable, recyclable, and environmental friendly filling material. Rising awareness regarding environmental concerns has led to popularity of these grade of polystyrene loose fill packaging worldwide.

Global loose fill polystyrene packaging market was valued at US$ 405.00 Mn in 2021 in terms of revenue, exhibiting a CAGR of 3.04 % during the forecast period (2022 to 2030).

Drivers

Figure 1. Global Loose Fill Polystyrene Packaging Market Value Share (%), By Region, 2021

Market Restraints

The dumping of the loose fill polystyrene packages in either of its form is challenging. These products are utilized only in the process of transportation of the products. Once the outer package is opened, the product loses its functionality. Although, these products are recyclable but at some point, of time, dumping is necessary. The hard and fast directives of the regulatory bodies aimed at governing the disposal of these packages is hindering this market. Stringent norms of the government aimed at the regulation of the loose fill polystyrene packaging market is negatively affecting this market. The adoption of various alternative modes of packaging is hindering the loose fill polystyrene packaging market.

Loose Fill Polystyrene Packaging Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2021:	US$ 405.00 Mn
Historical Data for:	2017-2020	Estimated Year:	2022
Forecast Period 2022 to 2030 CAGR:	3.04 %	Forecast Period:	2022-2030
Geographies covered:	By Region: North America, Europe, Latin America, Middle East, Asia Pacific
Segments covered:	By Application: Consumer Goods Packaging, Pharmaceutical Packaging, Cosmetics & Personal Care Products Packaging, Others
Companies covered:	Alsamex Products Ltd., Nefab Group, XPAC Technologies Pte Ltd., Salazar Packaging Inc., Storopack Inc., Free-Flow Packaging International Inc., Imperial Dade, Samuel Grant Group Ltd., and Styro Tech Ltd , Davpack
Growth Drivers:	Increasing dependence on the e-commerce platforms
Restraints & Challenges:	Dumping of the loose fill polystyrene packages

Market Trends

Asia Pacific is expected to dominate this market in the forecast period. This progress is attributable to the growing e-commerce sector in the region and the immense craze for protective packing including loose fill polystyrene packages. The Asia Pacific region is projected to emerge as the fastest growing region in this market. The presence of emerging countries like India and China and there their broad market spectrum for loose fill polystyrene packaging is the fundamental reason behind such progress. Others factors that can be traced as the determinant of such rapid growth in this region are rising turnover and exports and imports in the automotive industry and the electronic sector, rapid urbanization and its consequent effect on the improvement of standard of living and soaring purchasing power.

Figure 2. Global Loose Fill Polystyrene Packaging Market value Share (%), By Application, 2021

Recent Developments

In July 2018, Free-Flow Packaging International Inc was acquired by Pregis LLC. This acquisition was aimed at the providing diverse product portfolio for e-commerce shipment packaging solutions.
In October 2021, Storopack acquired the majority shares of OPITZ Packing Systems GmBH. OPITZ specializes in the manufacture of state-of-the-art automation solutions for packaging systems which greatly increases the efficiency of Storopack.
In May, 2019, Sealed Air Corporation announced the opening of a new research and development lab in Singapore. The temperature assurance lab will help the company increase its support for food packaging and secondary product packaging.

Competitive Section

Major players operating in the global loose fill polystyrene packaging market include Alsamex Products Ltd., Nefab Group, XPAC Technologies Pte Ltd., Salazar Packaging Inc., Storopack Inc., Free-Flow Packaging International Inc., Imperial Dade, Samuel Grant Group Ltd., and Styro Tech Ltd

Table of Content

Table of Contents

Segmentation

Detailed Segmentation:

Global Loose Fill Polystyrene Packaging Market, By Application:
- Consumer Goods Packaging
- Pharmaceutical packaging
- Cosmetics & Personal Care Products Packaging
- Others (Handicrafts, Stationary, Office Supplies)
Global Loose Fill Polystyrene Packaging Market, By Geography:
- North America
  - U.S.
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - Canada
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
- Europe
  - U.K.
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - Germany
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - Italy
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - France
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - Spain
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - Russia
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - Rest of Europe
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
- Asia Pacific
  - China
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - India
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - Japan
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - ASEAN
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - Australia
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - South Korea
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - Rest of Asia Pacific
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
- Latin America
  - Brazil
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - Mexico
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - Argentina
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - Rest of Latin America
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
- Africa
  - Northern Africa
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - Central Africa
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - South Africa
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
- Middle East
  - GCC
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - Israel
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)
  - Rest of Middle East
    - By Application:
      - Consumer Goods Packaging
      - Pharmaceutical packaging
      - Cosmetics & Personal Care Products Packaging
      - Others (Handicrafts, Stationary, Office Supplies)

- Frequently Asked Questions -

What was the global loose fill polystyrene packaging market size in 2021?

Global loose fill polystyrene packaging market was valued at around US$ 405.00 Million in 2021

What are the major factors that are expected to drive growth of the market during the forecast period?

The market was valued at US$ 405.00 Mn in 2021 in terms of revenue, exhibiting a CAGR of 3.04 % during the forecast period (2022 to 2030).

What are the trends in the market?

The growing e-commerce sector in the region and the immense craze for protective packing including loose fill polystyrene packages.

What are the key factors hampering growth of the market?

Rapidly growing packaging industry is one of the major factors that is expected to propel growth of the market over the forecast period

Which are the key players in the market?

Major players operating in the market include Alsamex Products Ltd., Nefab Group, XPAC Technologies Pte Ltd., Salazar Packaging Inc., Storopack Inc., Free-Flow Packaging International Inc., Imperial Dade, Samuel Grant Group Ltd., and Styro Tech Ltd

What is the estimated CAGR for the market?

The market is estimated to grow at around 3.04% CAGR in the forecast period (2022-2030).