The expansible polystyrene market in Italy stood at 141.89 million kilograms in 2023. The market showed a fluctuating trend from 2013 to 2023, with notable decreases in earlier years, a period of recovery around 2017-2020, and subsequent declines. Over the past two years, the market experienced a 4.67% decline in 2022 and a 4.85% decline in 2023. The average annual change (CAGR) over the last five years was -1.11%.
Looking forward, the market is expected to continue its declining trend with a forecasted 5-year CAGR of -4.54%, resulting in a 20.71% total decrease by 2028.
Future trends to watch for include innovations in recyclable polystyrene alternatives, regulatory changes affecting polystyrene usage, and shifts in consumer preferences towards sustainable packaging solutions.
