Global High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging Market Growth 2023-2029

Global High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging Market Growth 2023-2029

High impact polystyrene, or HIPS, is a versatile plastic resin used in the manufacture of numerous products. Easy to fabricate, this resilient material costs little to produce and offers applications in many industries. Its physical properties permit flexible machining and surface applications such as paints and adhesives. The material can be used as packaging filler, pressed into board, molded into products, or delivered on sheets or rolls. Its characteristic dimensional stability permits it to be employed in low strength construction and in its natural translucent form makes it suitable for food processing applications.

LPI (LP Information)' newest research report, the “High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging Industry Forecast” looks at past sales and reviews total world High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging sales in 2022, providing a comprehensive analysis by region and market sector of projected High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging sales for 2023 through 2029. With High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging industry.

This Insight Report provides a comprehensive analysis of the global High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging.

The global High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging market size is projected to grow from US$ 143.8 million in 2022 to US$ 84 million in 2029; it is expected to grow at a CAGR of 84 from 2023 to 2029.

Global High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging key players include Styrolution, Total Petrochemicals, Trinseo, Versalis, SABIC, etc. Global top five players hold a share about 80%.

Europe is the largest market, with a share about 40%, followed by North America and China, having a total share about 45 percent.

In terms of product, Extrusion Molding is the largest segment, with a share about 55%. And in terms of application, the largest application is Packaging For Economical Medical Devices, followed by Work-in-progress Trays, Thermoformed Pharmaceutical Packaging, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Extrusion Molding

Injection Molding

Other

Segmentation by application

Work-in-progress Trays

Thermoformed Pharmaceutical Packaging

Packaging For Economical Medical Devices

Other

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Styrolution

Total Petrochemicals

Trinseo

Versalis

SABIC

KKPC

PS Japan

CHIMEI

King Plastic Corporation

Hong Kong Petrochemical

Formosa

LG Chem

Total(China)

Zhengjiang CHIMEI

Formosa Plastics (Ningbo)

Astor Chemical Industrial

Key Questions Addressed in this Report

What is the 10-year outlook for the global High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging market?

What factors are driving High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging market opportunities vary by end market size?

How does High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.