Expanded Polystyrene (EPS) Recycling Market Size, Analysis and Forecast 2024 to 2032

Written by Devid Won » Updated on: November 04th, 2024

The Reports and Insights, a leading market research company, has recently releases report titled “Expanded Polystyrene (EPS) Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Expanded Polystyrene (EPS) Recycling Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Expanded Polystyrene (EPS) Recycling Market?

The expanded polystyrene (EPS) recycling market size reached US$ 19.7 Billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 36.5 Billion by 2032, exhibiting a growth rate (CAGR) of 6.7% during 2024-2032.

What are Expanded Polystyrene (EPS) Recycling?

Expanded Polystyrene (EPS) recycling involves the collection, reprocessing, and repurposing of EPS materials, widely known as Styrofoam, used in packaging, insulation, and other applications. Due to its lightweight and bulky nature, EPS presents challenges in recycling, such as difficulties in collection, transportation, and contamination. Nevertheless, recycling EPS can greatly reduce landfill waste and its environmental footprint. The process usually entails shredding or compacting the EPS to decrease its volume, then melting or dissolving it into a denser form that can be used to manufacture new products. Advances in chemical recycling methods and growing public awareness are improving the efficiency and practicality of EPS recycling, promoting more sustainable waste management solutions.

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What are the growth prospects and trends in the Expanded Polystyrene (EPS) Recycling industry?

The expanded polystyrene (EPS) recycling market growth is driven by various factors and trends. The Expanded Polystyrene (EPS) recycling market is growing due to rising environmental concerns and stricter regulations aimed at reducing plastic waste. This market includes the collection, compaction, and reprocessing of EPS waste into reusable materials. Advances in recycling technologies, such as improved chemical recycling and enhanced mechanical processes, are increasing the efficiency and economic viability of EPS recycling. Additionally, greater awareness among consumers and businesses about the environmental impact of EPS waste is driving demand for sustainable recycling solutions. Key industry players are focusing on developing more effective recycling methods and expanding their capacities to meet the increasing demand for recycled EPS products. Hence, all these factors contribute to expanded polystyrene (EPS) recycling market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By EPS Waste Type:

Post-consumer EPS waste

Pre-consumer EPS waste

By EPS Recycling Process:

Mechanical recycling

Chemical recycling

Other recycling processes

By End-Use Industry:

Packaging

Construction

Electrical and Electronics

Automotive

Others

By Recycled EPS Product:

Packaging materials

Insulation boards

Molded products

Composite materials

Others

By Source of Collection:

Municipal recycling programs

Industrial and commercial collection

Retail collection

Others

By Recycling Equipment:

Shredders

Granulators

Densifiers

Extruders

Others

By Application:

Packaging

Building and construction

Insulation

Consumer goods

Others

By Distribution Channel:

Direct sales

Distributor sales

E-commerce

By Market Type:

Business to Business (B2B)

Business to Consumer (B2C)

Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

United Kingdom

France

Italy

Spain

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Middle East & Africa:

Saudi Arabia

South Africa

United Arab Emirates

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

Dart Container Corporation

NOVA Chemicals Corporation

ACH Foam Technologies, LLC

Ravago Recycling Group

Styro Recycle LLC

Total, Petrochemicals & Refining USA, Inc.

Alpek Polyester

Repsol S.A.

Vanden Recycling

Plasti-Fab Ltd.

NexKemia Petrochemicals Inc.

EPS Industry Alliance

Vita Group

FPC Foam Plastics Corporation

Winco Foam Industries Limited

View Full Report: https://www.reportsandinsights.com/report/Expanded Polystyrene (EPS) Recycling-market

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