Loose fill packaging materials offer cost-effective protection to lightweight products against vibration or shock during handling or shipping. This packaging material is flexible and therefore, fills the empty spaces in the outer packaging.
Polystyrene is conventionally used as a raw material for loose fill packaging. It is most widely used to fill the space around fragile goods in cardboard boxes, in order to ensure the safe delivery of products during shipping.
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.
Key features of the study:
- This report provides in-depth analysis of the loose fill polystyrene packaging market, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2018 – 2025)
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players. It profiles leading players in the global loose fill polystyrene packaging market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics The global loose fill polystyrene market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, new entrants, and financial analysts Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the loose fill polystyrene packaging market