The Europe food packaging expanded polystyrene (EPS) market is led by a number of players, such as BASF SE (Germany), Synthos S.A. (Poland), Kaneka Corporation (Japan), PJSC Sibur Holding (Russia), INEOS Styrenics International SA (Switzerland), and SUNPOR KUNSTSTOFF GmbH (Austria).
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The increased demand for processed foods is a major driver for the growth of Europe food packaging EPS market. EPS is being increasingly used in the food & beverage industry owing to various properties, such as closed-cell, low thermal conductivity, ease of handling, mechanical resistance, and low water absorption.
The increased demand for processed foods has contributed towards the growing usage of expanded polystyrene in the food & beverage industry. EPS is widely used in the foodservice and protective packaging industries. This gives opportunities to foreign companies to invest in the European region. This helps them increase their geographic presence and strengthen their position in the market. For instance, BASF SE is a leading manufacturer and distributor of expanded polystyrene. It has a global reach and diversified product portfolio, as it manufactures grey as well as white EPS. The company focuses on research and development and has about 70 R&D sites.
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SUNPOR KUNSTSTOFF GmbH is one of the leading players in the Europe food packaging expanded polystyrene market. The company expanded its production capacity of grey EPS, Lambdapor to 260,000 tons. This will help the company to meet the increasing demand of grey EPS in the European region. The company also increased its production capacity of Lambdapor in St. Polten/Austria to 30,000 tons per annum. SUNPOR KUNSTSTOFF GmbH (Austria) is expected to meet the growing demand in the European region through this expansion.
INEOS Styrenics International SA (Switzerland) is one of Europe’s largest producer of EPS. It has its focus on producing high quality expanded polystyrene (EPS) for building, construction, and packaging industries. The firm acquired 50% of BASF’s share for INEOS Styrolution Group GmbH (Germany), a styrenics supplier. This helped the company in producing more EPS through styrenics raw material.