Europe Expanded Polystyrene (EPS) Market 2019-2028

MARKET OUTLOOK

This report has determined the expanded polystyrene (EPS) market in Europe to proliferate at a compound annual growth rate of 5.84% in revenue terms and 5.07% in volume terms during the forecast period 2019-2028.
The UK, Germany, France, Spain, Italy, Russia, and Rest of Europe together shape the market in this region.

With the Grand Paris Express Project, an increase in construction activity is expected in France. The growing infrastructural projects will improve regional connectivity, as the country prepares for the 2024 Summer Olympics. The growth in construction activities is expected to increase the demand for expanded polystyrene in France, and boost its EPS market growth in the coming years.

Over the last few months, the demand for sauces, dressings, and condiments has increased as people have returned to home cooking. This has provided a major boost EPS industry, with manufacturers using this material to package their products. France’s packaging sector has observed major growth in recent years. The nation is one of the largest exporters of frozen vegetables in Europe. There is a growing demand for flexible and rigid packaging in the country to package food products and frozen foods. This is, in turn, enhancing the demand for expanded polystyrene, and helping the studied market to flourish in the forecasted phase.

Italy is considered one of Europe’s largest packaging industries, with nearly 7000 companies operating in the domestic market. With the change in consumer buying habits and the growing importance of supermarket retailing, there has been a growing demand for packaging in the country. This is helping the Italian market to grow in the coming years.

COMPETITIVE OUTLOOK

The eminent companies in this market are Sunpor Kunststoff GmbH, LG Corporation, Alpek SAB De CV, Jackon GmbH, Total SA, Sibur, Styrochem, and BASF SE.