Global Polystyrene Film Market: Industry Analysis and Forecast (2020-2026)

Published by

Jul 30, 2021

Global Polystyrene Film Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2026, reaching nearly US$ XX Mn in the forecast period.

Global Polystyrene Film Market

The global Polystyrene Film Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Polystyrene Film Market report also provides trends by market segments, Polystyrene Grade, and investment with a competitive landscape.

Global Polystyrene Film Market

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Global Polystyrene Film Market Overview:

Polystyrene is a crystal, strong, and durable inexpensive thermoplastic. The film made from this material has excellent transparency, spark, and gloss. Polystyrene Films good antistatic properties, high tear resistance and are generally printable. Polystyrene is a synthetic polymer made of styrene monomer that is a liquid petrochemical. Polystyrene Films are used in housewares, containers, glazing, and light diffusers, casing, cups, take-out containers, cassette cases, and HIPS.
Global Polystyrene Film Market Dynamics:

The demand for Polystyrene Films is boosting in the industrial sectors like electronics, manufacturing, food and beverages, and others. Polystyrene is also used for disposable cutlery, plastic model, CDs, and DVD cases, and smoke detectors in housing. Polystyrene Films are largely consumed by the packaging industry. As the industries are growing the demand for packaging is rising for the transportation and preservation of the good in the supply chain. The rising trend for efficient quality of product and enhancement towards the product market are increasing the trend of Polystyrene Films in the packaging industry.

Cellulose film packaging is largely being used and acting as a restraining factor for the Polystyrene Films market. Cellulose film packaging is used in the productions of small pouches and bags in end-user industries like food and beverages. This larger consumption has led to the rising issues coming from the haphazard use of disposable plastic like bottles, boxes.

The boosting demand for packed food and rising number of food packaging is anticipated to market a significant growth in the Polystyrene Films market. Simultaneously, create an opportunity for the key player to invest in the market.

Moreover, the concern related to the hazardous waste created by plastics and negative scrap value is forecast to hamper the market. Furthermore, the fluctuating price of raw materials is creating challenges in the market.
Global Polystyrene Film Market Segment Analysis:

By Polystyrene Grade, Biaxially oriented polystyrene and Oriented polystyrene. Biaxially oriented polystyrene film is dominating the polystyrene grade segment of the polystyrene film market. The market share of the Biaxially oriented polystyrene market is anticipated to reach USD 27.1 billion with a growing CAGR of 6.3 % in the forecast period.

Biaxially oriented polystyrene films are flexible in packaging and the growth of the flat panel display market is simultaneously boosting the market growth in the forecast period. The enlargement of bio-degradable and water-soluble films and the consumption of a climate-resistant layer of PV cell modules is a boosting factor for the market. In Biaxially oriented market, the packaging market is leading and will remain the largest in the end-user industry.

Global Polystyrene Film Market 1

By Application, Packaging, Shrink Labels, Envelopes, Folding Cartons, Tamper-Evident Bands, Lidding Films, Lamination, Others. The packaging sub-segment is dominating the polystyrene film market in terms of application. Owed to the rising demand of packed food items and Fast Manufacturing Consumer Goods Industries (FMCG). The market size of plastic packaging was valued at USD 349.09 billion in 2020 and is expected to reach USD 486.01 in the forecast period with a growing CAGR of 4.3%. New trends in the packaging industry are vintage-inspired designs, increased portability, personalization, and minimal designs, smart and packaging, gradient coloring, and sustainability. Smart packaging is the dominating trend that includes PH maintenance, temperature resistance, fermentation to ensure freshness, flavor, quality, and maintain compliance and standards.

By End-Use, Food & Beverage, Electronics & Electrical, Pharmaceuticals, Others. The food and beverages industry is dominating the Polystyrene Films Market. The food and beverages industries are proliferating in the forecast period and the wide application of packaging in the industries is driving the growth of the market. Polystyrene Film has a low cost and appears attractive due to its eye-catching material. The pharmaceutical segment is second dominating in the end-user segment. Pharmaceutical products need to be protected from chemical resistance, better heat stability and improves mechanical properties.

Global Polystyrene Film Market 2
Global Polystyrene Film Market Regional Insights:

Polystyrene Film Market is regionally segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

The Asia Pacific excluding Japan is anticipated to dominate the regional market in the forecast period. Owed to the expansion of industries in the region and wider consumption of Polystyrene Films in packaging and other applications. The demand for the Asia Pacific in the polystyrene market was valued at USD 13.8 billion in the year 2017 and is estimated to grow at a CAGR of 5.79% in the forecast period. The growing demand for the consumer electronics market in the region is responsible to boost the market. As polystyrene is an important product used for various electronics applications in consumer electronics like TV, Fridge, Cooler, electric home appliances. As electronic is a fastest growing market. The demand in India is anticipated to grow by 26.1% in the forecast period.

Global Polystyrene Film Market 3

The objective of the report is to present a comprehensive analysis of the global Polystyrene Film Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Polystyrene Film Market dynamics, structure by analyzing the market segments and project the global Polystyrene Film Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the global Polystyrene Film Market make the report investor’s guide.
Global Polystyrene Film Market Scope: Inquire before buying

Global Polystyrene Film Market 4
Global Polystyrene Film Market, by Region

• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
Global Polystyrene Film Market Key Players

• Multi-Plastics, Inc.
• Transcendia
• TEKRA (A Division of EIS, Inc.)
• Cheever Specialty Paper & Film
• LAIWELL GROUP INTL
• Dow Chemical Company
• Norflex
• Ohishi Sangyo Co. Ltd.
• Senoplast Klepsch & Co GmbH
• BASF
• DOW-DoPont
• Styron

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