Global Expanded Polystyrene (EPS) Recycling Market by Type (Material Recycling, Chemical Recycling, Thermal Recycling), By Application (Packaging, Appliances, Consumer Electronics, Construction, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global expanded polystyrene recycling market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing awareness about the benefits of recycling EPS among consumers and businesses, and rising demand for recycled EPS in various applications. The global expanded polystyrene recycling market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into material recycling, chemical recycling, and thermal recycling. Materialrecycling is further sub-segmented into post-consumer waste (PCW) and post-industrial waste (PIW). Chemicalrecycling is further sub-segmented into monomer recoveryand polymerization. Thermalrecyclingis further sub-segmentedinto energy recoveryand refuse derived fuel (RDF). On the basis of application,the global expanded polystyrene recyclingsmarket can be dividedinto packaging, appliances, consumer electronics,, construction,, otherapplications),and regions(North America,, Europe,. Asia Pacific,. Middle East & Africa).



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Product Definition:

EPS recycling is the process of taking waste polystyrene foam and breaking it down into small pieces that can be reused in new products. EPS is often recycled into items such as park benches, flower pots, picture frames, and insulation. The importance of EPS recycling comes from its ability to save resources while reducing pollution. By using recycled EPS instead of virgin materials, manufacturers can save energy and reduce the amount of waste sent to landfills.

Material Recycling:

Material recycling is the process of extracting valuable materials from waste or scrap. The most common types of material that can be recycled are plastic, paper, metal, glass and rubber. Plastic is easily recycled into many different products such as carpets, containers and fibers while metal can be recycled into new products such as cans and bottles.

The global material recycling market size was valued at USD 132 billion in 2015 which accounts for 4% of the total global industry revenue.

Chemical Recycling:

Chemical recycling is the process of converting chemical compounds into other chemicals. The most common example of chemical recycling is the conversion of carbon dioxide (CO2) back to carbon monoxide (CO) and hydrogen gas (H2). In the case of expanded polystyrene, there are two types that can be recycled; Expanded Polystyrene (EPS), and High-Density Polyethylene (HDPE).

Application Insights:

The packaging application segment led the global expanded polystyrene (EPS) recycling market in 2017 and is projected to witness significant growth over the forecast period. The product is widely used in packaging applications including food & beverage, medical, personal care products, and others such as electronics, textiles and films.

Expanded polystyrene foam provides thermal insulation to packaged products thereby reducing their temperature by approximately 5 degrees Celsius. This property of the material reduces transportation costs as well as increases efficiency of supply chain operations for e-commerce businesses owing to less need for cold storage facilities at source locations. These factors are anticipated to drive demand from various end-use industries over the forecast period thereby propelling overall market growth during this timeframe.

The other application segment includes construction materials among others such as flooring foams.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population, GDP, industrial output and consumption as well as waste generation. It also has one of the largest packaging industries globally with China being a key player in this industry owing to low manufacturing cost coupled with abundant availability of raw material.

The growth in construction activities mainly from emerging economies such as India and China is anticipated to increase Expanded Polystyrene (EPS) recycling demand owing to rising need for packaging materials used for concrete mix designs including blocks, cement bags & barrels along with block forms including slabs & steps during construction activities.

North America emerged as the second-largest regional market accounting for 26% share of total revenue in 2017 on account of high consumption volume generated by consumer electronics products such as smartphones and laptops which are manufactured using recycled EPS along with growing number of electronic waste processing plants across U.S.

Growth Factors:

Increased environmental awareness and the need to reduce waste: There is a growing global trend of increased environmental awareness, which is driving the demand for recycling. EPS recycling offers an environmentally friendly way to reuse this material, while reducing landfill waste.
Legislative mandates and incentives: Governments are increasingly implementing legislation mandating or incentivizing EPS recycling. This helps to create a stable market for recycled EPS and drives growth in the recycling industry overall.
Rising oil prices: The high price of oil has made virgin polystyrene more expensive, leading companies to seek out cheaper alternatives such as recycled EPS foam. This has helped expand the market for recycled EPS products and driven growth in the recycling industry overall.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Expanded Polystyrene (EPS) Recycling Market Research Report
By Type
Material Recycling, Chemical Recycling, Thermal Recycling
By Application
Packaging, Appliances, Consumer Electronics, Construction, Other
By Companies
Greenmax Intco, ACH Foam Technologies, Rehab Recycle, Styro Recycle, Ronson Recycling, FoamRecycle LLC, Michigan Foam, Polystyvert, Heger Recycling
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.

Global Expanded Polystyrene (EPS) Recycling Market Report Segments:
The global Expanded Polystyrene (EPS) Recycling market is segmented on the basis of:
Types
Material Recycling, Chemical Recycling, Thermal Recycling
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Packaging, Appliances, Consumer Electronics, Construction, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Greenmax Intco
ACH Foam Technologies
Rehab Recycle
Styro Recycle
Ronson Recycling
FoamRecycle LLC
Michigan Foam
Polystyvert
Heger Recycling



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Highlights of The Expanded Polystyrene (EPS) Recycling Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Material Recycling
Chemical Recycling
Thermal Recycling
By Application:
Packaging
Appliances
Consumer Electronics
Construction
Other
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Expanded Polystyrene (EPS) Recycling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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Understanding Competition Scenario
Product & Brand Management
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8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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