Loose Fill Polystyrene Packaging Market Forecast 2024 to 2032
Loose fill polystyrene packaging, commonly known as packing peanuts or foam peanuts, is a type of packaging material used to protect and cushion fragile items during transportation and shipping. It is made from expanded polystyrene, a lightweight and insulating material. Some key characteristics and applications of loose-fill polystyrene packaging include cushioning, lightweight, insulation, and recyclability.
The Loose Fill Polystyrene Packaging Market was valued at USD 332.70 Million in 2022 and is expected to register CAGR of 2.13% by 2032.
The rise of e-commerce and online shopping has led to an increased demand for packaging materials to ensure safe transportation of goods. This is a key factor expected to drive global market growth during the forecast period.