Expanded Polystyrene Market is Expected to Grow at CAGR of 3.5% during the forecast period 2032
The expanded polystyrene (EPS) market has witnessed significant growth and evolution in recent years, driven by various factors shaping the global landscape. EPS, a versatile and lightweight thermoplastic material, finds extensive applications across diverse industries, including packaging, construction, automotive, and electronics. Its unique properties, such as excellent insulation, shock absorption, buoyancy, and affordability, have contributed to its widespread adoption worldwide. One of the primary drivers of the EPS market is the increasing demand for sustainable and energy-efficient packaging solutions. With growing environmental concerns and stringent regulations aimed at reducing carbon footprint and promoting recyclability, EPS emerges as an attractive choice for packaging materials due to its recyclability, lightweight nature, and ability to protect goods during transit. As e-commerce continues to thrive and consumer preferences shift towards eco-friendly packaging options