Europe Food Packaging EPS Market to Register 2.8% CAGR through 2021, Informs MicroMarketMonitor in New Report Available at MarketPublishers.com19 Aug 2016 • by Natalie Aster
LONDON – In the past year, the value of the European market for food packaging expanded polystyrene (EPS) stood at around USD 291.8 million. It is predicted to exceed USD 347 million by 2021, registering a 2.8% CAGR between this year and 2021.
The constantly rising demand for processed food is the key driver for the robust growth of the European food packing EPS market. EPS is currently gaining more and more popularity in the food and beverage industry due to its unique properties like ease of handling, low thermal conductivity, mechanical resistance, closed-cell and low water absorption. EPS is also widely used in the protective packaging and foodservice industries. This opens numerous opportunities for foreign companies to invest in the European regional market and, thus, increase their geographic presence as well as strengthen their footprints in the world’s market.
BASF SE, Kaneka Corporation, Synthos SA, PJSC SIBUR Holding, Sunpor Kunststoff GmbH, neos Styrenics International SA and Synbra Holding BV are amid the top companies active in Europe’s food packaging EPS marketplace.
Cutting-edge publication “Europe Food Packaging Expanded Polystyrene Market” elaborated by MicroMarketMonitor gives access to info on the performance of the European food packaging EPS market, explores the competitive scenario, touches upon regulative environment and scrutinises key market development trends. It identifies and analyses the major regional market growth drivers, limiters, opportunities and challenges, contains a detailed market segmentation analysis as well as presents detailed future forecasts up to 2021.
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