Published by Coherent Market Insights
Posted on September 24, 2021
World Stats, the total number of internet users has increased from 3,079 million in 2014, to 4,157 million in 2017. In the total count of internet users around the world, Asia Pacific and Europe contributed 48.7% and 17.0 % share, respectively, in 2017, according to the Internet World Stats.
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. For instance, Topa Packaging, manufactures a biodegradable expanded polystyrene (EPS) loose fill material under the brand name Flo-Pak Green.
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Rapidly growing packaging industry is propelling growth of the global loose fill polystyrene packaging market. For instance, according to the data provided by the Central Government of India, the packaging industry was pegged at US$ 25 Bn in 2016 and is expected to reach US$ 30 Bn by 2020, at a growth rate of 15% per annum. Thus, the overall growth of the packaging industry is anticipated to support the market growth of loose fill polystyrene packaging market as well.
Furthermore, increasing demand for pharmaceutical products is majorly driven by steadily growing geriatric population in Asia Pacific. According to the World Bank, growth rate of the geriatric population in East Asia is higher as compared to other parts of Asia Pacific. In 2010, over 211 million residents were recorded under the category of geriatric population in East Asia, out of which, China accounted for 130 million residents. Growing pharmaceutical industry is anticipated to support demand for loose fill polystyrene packaging for application pharmaceutical sector.
Mergers & acquisitions, strategic business collaboration, and product development are the key business strategies adopted by major players in the market to retain their presence. For instance, in December 2015, Storopack Inc. announced a business deal with Sealed Air Corp. and CPI, to enhance its existing business of loose fill packaging in the U.S. and Canada.
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.
Market Dynamics
Rapid growth of online retailing is considered as a major factor for growth of the market as it requires effective packaging solutions. For instance, according to the data provided by the European Union, around 68% of internet users in Europe, shopped online in 2017. Over 8 out of 10 internet users in the U.K., had ordered or bought goods or services over the internet in 2017, according to the European Union. Thus, rising e-retailing sector is anticipated to fuel the market growth.
Further, rising number of telephone users worldwide is another factor contributing in the growth of the e- retailing sales and thus, supporting the growth of loose fill polystyrene packaging market as well. For instance, according to data provided by the US Department of Commerce, in 2017, 62% of the total mobile phone users in Malaysia used their devices to shop online.
Hurry Up…and Get a 2000$ Discount On a Price…!!!: https://www.coherentmarketinsights.com/insight/request-discount/2130
Key features of the study:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Loose Fill Polystyrene Packaging Market Size, Share, Growth Rate, Industry Analysis And Global Forecast – 2027 appeared first on Gatorledger.
World Stats, the total number of internet users has increased from 3,079 million in 2014, to 4,157 million in 2017. In the total count of internet users around the world, Asia Pacific and Europe contributed 48.7% and 17.0 % share, respectively, in 2017, according to the Internet World Stats.
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. For instance, Topa Packaging, manufactures a biodegradable expanded polystyrene (EPS) loose fill material under the brand name Flo-Pak Green.
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/2130
Rapidly growing packaging industry is propelling growth of the global loose fill polystyrene packaging market. For instance, according to the data provided by the Central Government of India, the packaging industry was pegged at US$ 25 Bn in 2016 and is expected to reach US$ 30 Bn by 2020, at a growth rate of 15% per annum. Thus, the overall growth of the packaging industry is anticipated to support the market growth of loose fill polystyrene packaging market as well.
Furthermore, increasing demand for pharmaceutical products is majorly driven by steadily growing geriatric population in Asia Pacific. According to the World Bank, growth rate of the geriatric population in East Asia is higher as compared to other parts of Asia Pacific. In 2010, over 211 million residents were recorded under the category of geriatric population in East Asia, out of which, China accounted for 130 million residents. Growing pharmaceutical industry is anticipated to support demand for loose fill polystyrene packaging for application pharmaceutical sector.
Mergers & acquisitions, strategic business collaboration, and product development are the key business strategies adopted by major players in the market to retain their presence. For instance, in December 2015, Storopack Inc. announced a business deal with Sealed Air Corp. and CPI, to enhance its existing business of loose fill packaging in the U.S. and Canada.
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.
Market Dynamics
Rapid growth of online retailing is considered as a major factor for growth of the market as it requires effective packaging solutions. For instance, according to the data provided by the European Union, around 68% of internet users in Europe, shopped online in 2017. Over 8 out of 10 internet users in the U.K., had ordered or bought goods or services over the internet in 2017, according to the European Union. Thus, rising e-retailing sector is anticipated to fuel the market growth.
Further, rising number of telephone users worldwide is another factor contributing in the growth of the e- retailing sales and thus, supporting the growth of loose fill polystyrene packaging market as well. For instance, according to data provided by the US Department of Commerce, in 2017, 62% of the total mobile phone users in Malaysia used their devices to shop online.
Hurry Up…and Get a 2000$ Discount On a Price…!!!: https://www.coherentmarketinsights.com/insight/request-discount/2130
Key features of the study:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Loose Fill Polystyrene Packaging Market Size, Share, Growth Rate, Industry Analysis And Global Forecast – 2027 appeared first on Gatorledger.
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