Polystyrene is defined as a lightweight plastic polymer made from suspension polymerization of styrene monomer. Also, it is defined as a plastic which is used in a wide range of applications for various applications. Polystyrene Foam is derivative of polystyrene, known as Styrofoam or expanded polystyrene. These are used in protective packaging of appliances and in products like insulated disposable cups, meat trays, and panel insulation.

The increase in use of polystyrene packaging is expected to boost the global polystyrene foam market growth. Furthermore, the rise in popularity of food delivery portals and take away restaurants will positively influence the market growth. The polystyrene foam is widely used in food packaging as it offers good insulation, thus keeping food fresh for longer time, as compared to other alternatives which is considered as key driving factor and expected to drive the global polystyrene foam market growth during this forecast period. Furthermore, the increase in demand from packaging and electronics industries is anticipated to fuel the global polystyrene foam market growth.

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Availability of alternatives to polystyrene foam products is expected to hamper the global polystyrene foam market during this forecast timeline.