Latest news with #TowardsChem
Yahoo
09-07-2025
- Business
- Yahoo
Fertilizers Market to Reach 262.18 Million Tons by 2034 Amid Increasing Demand
According to Towards chem and Materials consultants, the global fertilizers market volume reached 199.19 million tons in 2025 and is forecast to witness steady growth, touching nearly 262.18 million tons by 2034 at a CAGR of 3.10% from 2025 to 2034. Asia Pacific dominated the Asia Pacific fertilizers market with Volume Share of 52.08% in 2024. Ottawa, July 09, 2025 (GLOBE NEWSWIRE) -- According to Towards chem and Materials consultants, the global fertilizers market volume reached 193.20 million tons in 2024 and is projected to hit around 262.18 million tons by 2034.a study published by Towards chem and Materials a sister firm of Precedence Research. Get All the Details in Our Solutions –Download Sample: The market is driven by concerns regarding food security, decreasing cultivable land, and increased demand for food crops. Technological advances and favourable national and international agricultural policies also fuel its strategic growth. Fertilizers are essential agricultural inputs that can improve soil fertility and crop productivity through the application of key macronutrients such as nitrogen, phosphorus, and potassium. In today's world, fertilizers have become a critical input, specifically due to rising food demand globally and significantly less arable land per capita. In the fields of agriculture, particularly in Asian and African regions, a growing trend towards intense farming is leading to increased fertilizer usage. Currently, the fertilizers market is undergoing transformation through innovation in eco-friendly and precision fertilizers to improve productivity sustainably. Increased regulation and damage done to the environment from nutrient runoff have further increased producer spending on slow-release and bio-fertilizers. At the same time, digital agriculture and smart farming applications are now promoting the efficient usage of fertilizers while placing more emphasis on productivity while also minimizing environmental risks. Key Takeaways The Asia Pacific fertilizers market Volume was valued at 100.6 million tons in 2024 and is expected to be worth around 135.56 million tons by 2034, growing at a compound annual growth rate (CAGR) of 3.02% over the forecast period 2025 to 2034. The Asia Pacific fertilizers dominated the global market and accounted for the largest Volume Share of 52.08% in 2024. The North America fertilizers market is expected to grow at a CAGR of 2.76% over the forecast period. By type, the chemical fertilizers segment led the market and accounted for the largest Volume Share of 90.82% in 2024 By type, the biofertilizers segment is expected to grow at a CAGR of 4.47% over the forecast period. By form, the solid fertilizers segment led the market with the largest Volume Share of 84.3% in 2024. By form, the liquid fertilizers segment is expected to grow at a CAGR of 3.93 over the forecast period By crop type, the Cereals & Grains segment led the market with the largest Volume Share of 42.76% in 2024. By crop type, the fruits & vegetables segment is expected to grow at a CAGR of 3.05% over the forecast period By end-user, the individual farmers segment led the market and accounted for the largest Volume Share of 49.2% in 2024 By end-user, the commercial grower's segment is expected to grow at a CAGR of 3.72% over the forecast period. By distribution channel, the distributors & wholesalers segment led the market with the largest Volume Share of 41.1% in 2024. By distribution channel, the Online/E-commerce platforms segment is expected to grow at a CAGR of 3.49% over the forecast period. Explore Strategic Figures & Forecasts – Access the Databook | Immediate Delivery Available: Fertilizers Market Report Scope Report Attribute Details Market Volume in 2025 199.19 Million Tons Expected Volume by 2034 262.18 Million Tons Growth rate CAGR of 3.10% from 2025 to 2034 Base year for estimation 2024 Historical data 2020 - 2024 Forecast period 2025 - 2034 Quantitative Units Volume in kilotons, revenue in USD million, and CAGR from 2025 to 2034 Report coverage Revenue forecast, competitive landscape, growth factors, and trends Segments covered By Form, By Type, By Crop Type, By Application, By End User, By Distribution, By Region Key companies profiled Nutrien Ltd, Yara, ICL,The Mosaic Company, CF Industries and Holdings, Inc., Nufarm, SQM SA, OCP Group, K+S Aktiengesellschaft, Eurochem Group, Sociedad Quimica y Minera de Chile SA Invest in Premium Global Insights Immediate Delivery Available @ What are the Major Trends in the Fertilizers Market? Increase in the Demand for Bio-based and Organic Fertilizers Increasing environmental concerns and chemical-use regulations are pushing farmers in the direction of organic and bio-based fertilizers. These products improve soil fertility, have a lesser impact on the environment, and align with the growing consumer desire for sustainability in food production and farming systems, particularly in developed markets and among organic food producers. Advancements in Precision Agriculture Innovation in the use of precision agriculture tools (GPS mapping, drones, and smart sensors) are improving the way fertilizer is applied. These technologies allow farmers to apply nutrients in the right proportion, on the right crop, and at the right time, resulting in improved efficiency, lower costs, and reduced environmental impacts by using more targeted means of fertilization. Growth of Specialty Fertilizers Specialty fertilizers like controlled-release, water-soluble, and micronutrient-rich fertilizers are also growing in popularity. These fertilizers are conducive to specific crop needs and region-specific nutritional needs - resulting in improved yield and quality. Farmers are increasingly using specialty fertilizers for high-value crops or in areas with marginal soils or limited water. Growth Factors in the Fertilizers Market Rising Global Food Demand: Population growth and dietary changes are increasing demands for more agricultural production. Fertilizers allow farmers to enable productivity, and to ensure food security, so are being more frequently relied upon in the marketplace. Reducing Arable Land- With the growth of cities, and other factors like contamination and degradation reducing the amount of farmland outside of urban areas, farmers are increasingly dependent on fertilizers to maximize production per hectare and maintain consistent quality of crop within a yield. Government Assistance & Subsidy- Across the globe, many countries provide subsidies, tax breaks and other incentives to use fertilizers. In many developing regions fertilizer is more affordable and leads to greater uptake. Improved Fertilizer Technology- Categories of fertilizer like slow-release, water-soluble fertilizer and bio-based fertilizer are promoting better nutrient availability with less environmental impact and gaining traction in the marketplace including by environmentally conscious farmers and agribusinesses. How Artificial Intelligence Redefines the Future of Fertilizers? Fertilizer management is increasingly relying on artificial intelligence (AI) to facilitate data-informed and site-specific fertilizer application. The most recent applications of AI have reduced nitrogen waste by up to 25% with similar yields. Using advanced algorithms, models accounted for soil health, crop type and planned harvest, and meteorological conditions, and then predicted the most effective volumetric dosages. The AI process then generates accurate recommendations, reducing nutrient runoff in the environment and concurrently improving consistency in yield in the farm. Maharashtra's ₹500 crore "MahaAgri-AI Policy 2025-29" showcases the growing institutional support for this AI machinery and mission. This policy includes support for sensors, drones, and advisory systems in the intended fertilizer use. Meanwhile, global agritech companies are utilizing AI incorporated with satellite imagery and IoT data to automate real-time fertilizer recommendations. This is not only economic efficiency, but reduces environmental risk, improves returns on inputs, and is much closer to carbon reduction targets. Could Global Shift Towards Green Fertilizers Presents Big Market Opportunity? The shift to green fertilizer is a strong growth opportunity, which is being accelerated by both rising climate concerns and government-led initiatives. Traditional nitrogen-based fertilizers account for almost 5% of global GHG emissions, and green alternatives, such as fertilizers produced through renewable powered ammonia can achieve a total reduction of GHG by as much as 90%. As an example, Yara just recently partnered with PepsiCo to supply low-carbon fertilizers to 1,000 farms in Europe by 2025. Also, Fertiglobe's recent deal to sell green ammonia for €1,000/ton under the EU's H2Global scheme, this is further proof that there is demand in the marketplace for green fertilizers. There are also large-scale developments of green ammonia plants getting off the ground in both Paraguay and Brazil, showing that the momentum is truly global. Green fertilizers are now a pillar of agriculture's future, especially as the shift from harmful conventional fertilizers is increasingly supported through climate policies and sustainability objectives. Limitations and Challenges in the Fertilizers Market Environmental and Regulatory Challenges- Restrictive environmental regulations related to fertilizer use are limiting fertilizer input in farming as a reaction to soil degradation, water pollution, and greenhouse gas emissions. A growing global effort to push for a sustainable agricultural sector restricts further expansion of chemical fertilizers. Uncertainty in Raw Material Prices- The traditional fertilizer production process uses a large input of natural gas, phosphate, and potash. Depending on changes in prices or geopolitical concerns impacting supply networks, it can increase the production cost, and in turn, reduce profitability for manufacturers and affordability to farmers. Soil Health Issues and Dependency- Fertilizers harm soil structure and impact microbial diversity, resulting in decreasing fertility over time as a result of excessive mineral fertilizer use. The overdependence on fertilizers will necessitate an adaptation to organic alternatives leading to a decreased demand in organic fertilizer in some provinces. Fertilizers Market Segmentation Type Insights Chemical fertilizers Segment Dominated the fertilizers Market in 2024? Chemical fertilizers segment dominated the fertilizers market in 2024. The most widely used type reinforces this market still because of the role chemical fertilizers bring to crop production and productivity. Chemical fertilizers provide complete and defined nutrient formulation, which allows growers precision use of plant nutrition. These fertilizers will always support high yield agriculture. Biofertilizers segment expects the fastest growth in the market during the forecast period, because of environmental and societal issues, however biofertilizers are starting to be adopted and usage is increasing rapidly because of environmental issues and the increasing concern with the efficiency of chemical fertilizers. Fertilizers Market Volume and Share, By Type, 2024- 2034 (%) By Type Market Volume Shares (%)2024 Market Volume (Million Tons)2024 Market Volume Shares (%)2034 Market Volume (Million Tons)(2034) Market CAGR (2025-2034) Chemical Fertilizers 90.82 % 175.5 89.52 % 234.7 2.95 % Biofertilizers 9.18 % 17.7 10.48 % 27.5 4.47 % Form Insights What made Solid Fertilizers the Dominant Segment in the Fertilizers Market in 2024? The solid fertilizers segment dominated the fertilizers market in 2024. Granular fertilizers are widely accepted and of constant appearance for fertilizers due to ease of use and extended shelf life. Granular fertilizers are favoured by lots of visible farmers when we consider broad-acre farming, predominantly for consistent nutrient composition leading to improved spreadability in developed irrigation regions, allowing for improved nutrient balanced soil and eventual yields. The liquid fertilizers segment expects the fastest CAGR during the forecast period, due to their rapid absorption rates and ability to be applied to precision farming technologies. Liquid fertilizers are generally soluble in water, so they can be used as fertigation to further increase the delivery efficiency of nutrients. Liquid solutions are overtaking granule or solid products due to horticulture considerations; there is also greater acceptance of controlled irrigation systems in some regions. The greater acceptance of controlled irrigation systems is increasing due to modern technologies like drip watering; this is clearly enhancing the fertilizer solution market in water-constraint regions. Fertilizers Market Volume and Share, By Form, 2024- 2034 (%) By Form Market Volume Shares (%)2024 Market Volume (Million Tons) 2024 Market Volume Shares (%)2034 Market Volume (Million Tons)(2034) Market CAGR (2025-2034) Solid Fertilizers 84.3 % 162.9 83.2 % 218.1 2.96 % Liquid Fertilizers 14.2 % 27.5 15.4 % 40.5 3.93 % Gaseous Fertilizers 1.5 % 2.8 1.4 % 3.6 2.37 % Crop-Type Insights Why did the Cereals & Grains Segment Dominate the Fertilizers Market in 2024? Cereals & Grains segment dominated the market in 2024. Cereals & Grains are staple crops such as rice, wheat, and maize which are grown around the world on a large scale, and require a large amount of fertilizer to maintain yield. The need for these staples crops in global food security drives ongoing usage of chemical fertilizer for these crops especially in the Asia-Pacific and North American regions. Increased government support and strong infrastructure further promote adoption. Fruits & Vegetables segment expects the fastest growth in the market during the forecast period. Increased health consciousness and the demand for high-value products has led to this rapid growth. These crops require a precise application of nutrients, and require high-value advanced fertilizers such as foliar sprays and fertigation applications. Fertilizers Market Volume and Share, Crop Types, 2024 (%) By Crop Type Market Volume Shares (%)2024 Market Volume (Million Tons)2024 Market Volume Shares (%)2034 Market Volume (Million Tons)(2034) Market CAGR (2025-2034) Cereals & Grains 42.76 % 82.6 42.30 % 110.9 2.99 % Oilseeds & Pulses 21.25 % 41.1 21.05 % 55.2 3.00 % Fruits & Vegetables 19.42 % 37.5 19.32 % 50.7 3.05 % Other Crop Types 16.57 % 32.0 17.33 % 45.4 3.56 % By Mode of Application Insights Which Application Segment Dominates the Fertilizers Market? Soil segments dominate the market in 2024. Soil provides fertilizers directly through an irrigation system, which comes as a benefit for the crops because they can absorb nutrients immediately, yielding less waste in the fertilizing process. Fertigation is largely used and implemented in commercial or greenhouse farming where precision and optimization of resources are crucial for crop development. It allows the plants to grow to their maximum potential, and is important for high-yield crops in constrained (water) environments. Fertilizers Market Volume and Share, By Mode of Application, 2024 (%) By Mode of Application Market Volume Shares (%)2024 Market Volume (Million Tons)2024 Market Volume Shares (%)2034 Market Volume (Million Tons)2034 Market CAGR (2025-2034) Foilar Treatment 11.08 % 21.4 10.62 % 27.8 2.66 % Soil Treatment 60.28 % 116.5 60.08 % 157.5 3.07 % Seed Treatment 24.31 % 47.0 24.21 % 63.5 3.06 % Others Mode of Transport 4.33 % 8.4 5.09 % 13.3 4.77 % Foliar segment expects the significant growth in the market during the forecast period. In foliar application, the fertilizer is sprayed directly onto the leaves of the plant so the plant can absorb the nutrients quickly. The foliar application has become increasingly popular in horticulture and high-value crop production as a tool to mitigate crop development with an immediate nutrient deficiency or improve and sustain plant development through sensitive crop/plant development situations. End User Insights Why Individual Farmer Segment Dominates the Fertilizers Market in 2024? Individual Farmers segment holds the largest volume market share in 2024. Individual farmers represent the largest share of fertilizer end-users due to their being the largest part of the four billion farmers in global agriculture. Fertilizer helps farmers to achieve higher crop yields and maintain productivity on their farms. Government subsidies and availability through a local distributor help promote the individual farmer segment, especially in developing countries, where most farms are small-scale. Commercial Growers segment expects the significant growth in the market during the forecast period. Commercial growers are greatly increasing their fertilizer usage as they implement modern farming practices. The focus on high-value crops, export markets, and use of precision agriculture equipment creates demands for specialized and efficient fertilizers. Fertilizers Market Volume and Share, By End User, 2024 - 2034(%) By End User Market Volume Shares (%)2024 Market Volume (Million Tons)(2024) Market Volume Shares (%)2034 Market Volume (Million Tons)(2034) Market CAGR (2025-2034) Individual Farmers 49.2 % 95.1 48.3 % 126.5 2.89 % Agricultural Cooperatives 21.8 % 42.1 21.7 % 56.9 3.04 % Commercial Growers 14.1 % 27.3 15.0 % 39.3 3.72 % Government & Public Sector 10.8 % 20.8 11.2 % 29.3 3.48 % Research & Educational Institutions 4.1 % 7.9 3.9 % 10.3 2.69 % Distribution Channel Insights Why Distributors & Wholesalers Segment Dominates the Fertilizers Market in 2024? The distributors & wholesalers segment led the market with the largest market share in 2024, with their expansive supply chains, bulk-buying capabilities, and relationships with manufacturers and farmers. Their ability to guarantee product availability regionally and provide custom service renders them indispensable in conventional agriculture supply chains. The Online/E-commerce platforms segment is expected to grow at a CAGR over the forecast period, due to increasing access to the internet and smartphones in rural areas, as well as enhanced digital literacy. Farmers prefer convenience, product comparison, home delivery, and expert advice via an online portal. Government intervention and support for digital agriculture continues to drive growth in this area. Fertilizers Market Volume and Share, By Distribution Channel , 2024 (%) By Distribution Channel Volume (Million Tons)(2024) Market Shares (%)2024 Market Volume (Million Tons)(2034) Market Volume Shares (%) 2034 Market CAGR (2025-2034) Direct Sales 32.9 17.1 % 42.1 16.1 % 2.48 % Distributors & Wholesalers 79.4 41.1 % 107.4 41.0 % 3.07 % Retail Stores 45.7 23.7 % 64.3 24.5 % 3.47 % Online/E-commerce Platforms 20.2 10.4 % 28.4 10.8 % 3.49 % Cooperatives 15.0 7.8 % 20.0 7.6 % 2.89 % How Did Asia Pacific Dominate the Fertilizers Market in 2024? The Asia Pacific fertilizers market volume amounted to nearly 103.6 million tons worldwide in 2025 and is expected to rise to around 135.56 million tons by 2034, growing at a healthy CAGR of 3.02% between 2025 - 2034. Asia Pacific dominated the market in 2024 due to its enormous agriculture base, a growing population and prominence of government support and subsidies for food security. The numerous countries in the Asia Pacific region, particularly those in South and South East Asia, are focused on improving productivity and yields of agricultural products, such as rice, wheat, and pulses. The increasing demand on food production, rising awareness of more advanced agricultural practices, and continued challenges faced by farmers/fertilizer users in a rising consumption environment have driven continuing consumption for fertilizer use in the region. Market Trends in India India is the dominant country in the Asia Pacific fertilizers market primarily because of the large agriculture base for fertilizer use as well as the governments subsidies. Government initiatives such as the "Soil Health Card" and PM-KISAN scheme promote balanced fertilizer use practices to enhance grower's productivity. Continued demand for food grains in India and increasing government and private investments into agribusiness and rural infrastructure's will all be advised on continue and have made for consistent fertilizer consumption in India going forward. Fertilizers Market Volume and Share, By Region, 2024- 2034 (%) By Region Market Volume Shares (%)2024 Market Volume (Million Tons)2024 Market Volume Shares (%)2034 Market Volume (Million Tons)(2034) Market CAGR (2025-2034) North America 20.62 % 39.8 21.4 % 56.2 2.76 % Europe 13.35 % 25.8 14.8 % 38.7 3.68 % Asia Pacific 52.08 % 100.6 51.0 % 133.8 3.02 % Latin America 8.40 % 16.2 7.7 % 20.1 2.98 % Middle East & Africa 5.55 % 10.7 5.1 % 13.3 3.80 % Why North America showing up as the Fastest Growing Region in Fertilizers Market ? North America expects the fastest growth in the market during the forecast period. The growth of the market is attributed due to the increased adoption of precision farming, organic, and specialty fertilizers in the region. Also, there is a growing awareness of soil health in North America and farmers are shifting toward sustainable products, such as slow-release fertilizers and bio-based fertilizers, to increase productivity while minimizing the impact on the environment and their natural resources. Furthermore, the tech-enabled agricultural systems and increased funding towards smart farming in North America is providing growth. Market Trends in the U.S. The United States is leading this growth with their established farming infrastructure, the presence of many fertilizer manufacturers in the country, and the widespread utilization of innovative fertilizers in their farming practices. Furthermore, the USA government has allowed for support of climate-smart agriculture that provides further fertilizer adoption. Competitive Landscape in the Fertilizers Market Nutrien Ltd- World's largest fertilizer producer; supplies nitrogen, phosphate, and potash fertilizers. Yara- Global leader in sustainable crop nutrition; focuses on nitrogen-based fertilizers and precision farming. ICL- Produces potash and phosphate fertilizers; emphasizes specialty fertilizers and innovation. The Mosaic Company- Major producer of phosphate and potash fertilizers; vertically integrated operations. CF Industries and Holdings, Inc.- Specializes in nitrogen-based fertilizers; has a vast production and distribution network. Nufarm- Provides liquid fertilizers and crop protection products, strong in specialty and value-added solutions. SQM SA- Produces specialty fertilizers including potassium nitrate, leader in iodine and lithium sectors too. OCP Group- World's largest exporter of phosphate rock and derivatives; based in Morocco. K+S Aktiengesellschaft- Supplies potash and salt-based fertilizers; strong presence in Europe and the Americas. EuroChem Group- Vertically integrated producer of nitrogen, phosphate, and potash fertilizers; global operations. For more information, visit the Towards Chem and Materials website or email the team at sales@ +1 804 441 9344 More Insights in Towards Chem and Materials: Cyclohexanone Market: The global cyclohexanone market volume is calculated at 4.97 million tons in 2024, grew to 5.1 million tons in 2025 and is predicted to hit around 6.48 million tons by 2034, expanding at healthy CAGR of 2.70% between 2025 and 2034. U.S. Nitrogenous Fertilizers Market : The U.S. nitrogenous fertilizers market volume is calculated at 12,151.6 kilo tons in 2024, grew to 12,459.04 kilo tons in 2025 and is predicted to hit around 15,600.66 kilo tons by 2034, expanding at healthy CAGR of 2.53% between 2025 and 2034. Specialty Fertilizers Market : The global specialty fertilizers market volume is calculated at 30.23 million tons in 2024, grew to 31.75 million tons in 2025, and is projected to reach around 49.33 million tons by market is expanding at a CAGR of 5.02% between 2025 and 2034. Phosphate Fertilizers Market : The global phosphate fertilizers market size was USD 70.11 billion in 2024 and is expected to be worth around USD 124.97 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.95% during the forecast period 2025 to 2034. Biopharma Plastic Market : The global biopharma plastic market size is expected to be worth around USD 13.35 billion by 2034 from USD 6.19 billion in 2024, growing at a CAGR of 7.99% during the forecast period 2025 to 2034. Synthetic Graphite Market : The global synthetic graphite market size is expected to be worth around USD 16.05 Billion By 2034, from USD 8.91 Billion in 2025, growing at a CAGR of 6.75% during the forecast period from 2025 to 2034. Fertilizers Market Top Key Companies: Nutrien Ltd Yara ICL The Mosaic Company CF Industries and Holdings, Inc. Nufarm SQM SA OCP Group K+S Aktiengesellschaft Eurochem Group Sociedad Quimica y Minera de Chile SA What is Going Around the Globe? In December 2024 Major Indian fertilizer company IFFCO announced a new nano NPK fertilizer is in development and is currently in need of government approval. The product is to be produced at IFFCO's Kandla location and will be available shortly via retail. In January 2025, Super Crop Safe Ltd., a leading agrochemical and biotechnology company, introduced a new biofertilizer called Super Gold WP+. It is a new postmix with inoculated mycorrhiza and important nutrients to reduce reliance on chemical fertilizers and promote sustainable agriculture. In May 2025, Mosaic Values introduced Neptunion, a new water‐soluble biostimulant in China that increases crop resilience against drought, salinity, and heat by improving stress resistance in fertilizers . Fertilizers Market Report Segmentation This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2034. For this study, Towards Chem and Materials has segmented the global fertilizers Market By Form Solid Fertilizers Granules Powder Liquid Fertilizers Solution Suspension Gaseous Fertilizers Ammonia (used in large-scale farming) By Type Chemical Fertilizers Biofertilizers By Crop-Type Cereals & Grains Frutis & Vegetables Oilseeds & Pulses Others By Application Fertigation Foliar Soil By End User Individual Farmers Agricultural Cooperatives Commercial Growers Government & Public Sector Research & Educational Institutions By Distribution Channel Direct Sales Distributors & Wholesalers Retail Stores Online/E-commerce Platforms Cooperatives By Regional North America Europe Asia Pacific Latin America Middle East Africa Immediate Delivery Available | Buy This Premium Research Report@ About Us Towards Chem and Materials is a leading global consulting firm specializing in providing comprehensive and strategic research solutions across the chemical and materials industries. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. USA: +1 804 441 9344 APAC: +61 485 981 310 or +91 87933 22019 Europe: +44 7383 092 044 Email: sales@ Web: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-07-2025
- Business
- Yahoo
Polystyrene Market Volume to Reach 62.33 Million Tons by 2034
According to Towards Chem and Materials, the global polystyrene market volume is calculated at 41.09 million tons in 2025 and is expected to reach around 62.33 million tons by 2034, growing at a CAGR of 4.51% for the forecasted period. Ottawa, July 02, 2025 (GLOBE NEWSWIRE) -- The global polystyrene market volume was valued at 40.09 million tons in 2024 and is projected to hit around 62.33 million tons by 2034, growing at a compound annual growth rate (CAGR) of 4.51% over the forecast period 2025 to 2034. Asia Pacific dominated the Polystyrene market with a market volume share of 48.50% in 2024. a study published by Towards chem and Materials a sister firm of Precedence Research. The market is steadily growing driven by strong demand from its various end-use sectors, including packaging, electronics, and building and construction. Demand drivers include cost efficiency, insulating properties, and the continued shift toward recycled and lighter weight materials across numerous industries. Polystyrene is an artificial aromatic polymer produced by the polymerization of monomer styrene, which is popular due to its lightweight, flexibility, insulation, and mouldable nature. Polystyrene comes in two forms, solid (used in appliances, and electronics, and packaging) and foam (for insulation and disposable cups). The polystyrene market will depend mainly on demand in a few markets including packaging, consumer electronics, and construction. With the rise of e-commerce and cold-chain logistics, polystyrene has continued to be significant in the market for protective packaging. However, as environmental concerns grow and governments ban single-use plastics, producers have been exploring biodegradable alternatives or making efforts to recycle polystyrene. Get All the Details in Our Solutions –Download Sample: Polystyrene Market Report Highlights The Asia pacific polystyrene industry volume is estimated at 20.39 million tons in 2025, and is expected to reach 31.28 million tons by 2034, at a CAGR of 4.87% during the forecast period 2025-2034 Asia Pacific is the dominating region of the global polystyrene industry and accounted for more than 48.50% Volume share of the overall Volume in 2024. By Resin Type, the general-purpose polystyrene segment accounted for the largest market Volume share of 35.67% in 2024 By Form, the Foams is the dominating form type segment of the global polystyrene market and accounted for more than 59.50% Volume share of the overall Volume in 2024 By End-use , the Packaging is the dominating end-use segment of the global polystyrene market and accounted for more than 39% Volume share of the overall Volume in 2024 Polystyrene Market Report Scope Report Attribute Details Market Volume in 2025 41.90 Million Tons Expected Volume by 2034 62.33 Million Tons Growth rate CAGR of 4.51% from 2025 to 2034 Base year for estimation 2024 Historical data 2019 - 2024 Forecast period 2025 - 2034 Quantitative units Volume in Kilotons, Revenue in USD million and CAGR from 2025 to 2034 Report coverage Volume & revenue forecast, company ranking, competitive landscape, growth factors, and trends Segments covered By Resin Type , By Form ,By End-User, Region Regional scope North America; Europe; Asia Pacific; Central & South America; MEA Country scope U.S.; Canada; Mexico; Germany; UK; France; Italy; Spain; The Netherlands, China, India, Japan, South Korea, Australia, Thailand, Malaysia, Indonesia, Vietnam, Brazil, Argentina, Saudi Arabia, UAE , South Africa Key companies profiled Atlas Molded Products, Alpek S.A.B. de CV, Americas Styrenics LLC (AmSty), BASF SE, CHIMEI, Formosa Chemicals & Fibre Corp., INEOS Styrolution Group GmbH, Innova, KUMHO PETROCHEMICAL, LG Chem, SABIC, Synthos, Total, Trinseo, Versalis SpA Explore Strategic Figures & Forecasts – Access the Databook | Immediate Delivery Available: Polystyrene Market Uses & Benefits Polystyrene in Appliances: Refrigerators, air conditioners, ovens, microwaves, vacuum cleaners, blenders – these and other appliances often are made with polystyrene (solid and foam) because it is inert (doesn't react with other materials), cost-effective and long-lasting. Polystyrene in Automotive: Polystyrene (solid and foam) is used to make many car parts, including knobs, instrument panels, trim, energy absorbing door panels and sound dampening foam. Foam polystyrene also is widely used in child protective seats. Polystyrene in Electronics: Polystyrene is used for the housing and other parts for televisions, computers and all types of IT equipment, where the combination of form, function and aesthetics are essential. Polystyrene in Foodservice: Polystyrene foodservice packaging typically insulates better, keeps food fresher longer and costs less than alternatives. Polystyrene in Insulation: Lightweight polystyrene foam provides excellent thermal insulation in numerous applications, such as building walls and roofing, refrigerators and freezers, and industrial cold storage facilities. Polystyrene insulation is inert, durable and resistant to water damage. Polystyrene in Medical: Due to its clarity and ease of sterilization, polystyrene is used for a wide range of medical applications, including tissue culture trays, test tubes, petri dishes, diagnostic components, housings for test kits and medical devices. Polystyrene in Packaging: Polystyrene (solid and foam) is widely used to protect consumer products. CD and DVD cases, foam packaging peanuts for shipping, food packaging, meat/poultry trays and egg cartons typically are made with polystyrene to protect against damage or spoilage. What are the Major Trends in the Polystyrene Market? Strong demand in food packaging- The insulation qualities of polystyrene make it optimal for disposable containers. The increase of takeaway food packaging delivery to consumers, particularly in urban areas, will increase overall demand. Growth of construction activities- EPS (Expanded Polystyrene) is commonly used as a storage medium in walls and roofs. The expanding green building initiatives in Europe and Asia are driving substantial market growth. Increase in electrical & electronics manufacturing- High Impact Polystyrene (HIPS) is an excellent choice for electronic housing. The rise of some of the world's largest phones and appliances manufactured in China and Southeast Asia is accelerating use. Growth Factors in the Polystyrene Market Transitioning to Recyclable and Bio-Based Polystyrene Bio-based and chemically recyclable Polystyrene is the answer to today's sustainability challenges and increasing regulatory pressure on traditional single-use plastics. The manufacturing sector is exploring innovative and game-changing paths forward-related to chemical recycling, and bio-based alternatives are being embraced by consumers -many hoping to explore them further. Increased Demand for E-Commerce Packaging The emergence of e-commerce and cold chain logistics has placed much more attention and demand on lightweight and protective packaging, especially involving electronics, food delivery via take-out and frozen meal subscriptions, and pharmaceutical shipping. Developments In Lightweight Construction Expanded polystyrene (EPS) is starting to take hold in the construction industry for insulation and structural applications due to its lightweight, energy efficiency advantages, and cost-savings in the green building sector. How Artificial Intelligence is Innovating the Polystyrene Market in 2025? Artificial Intelligence is emerging as a major influencer in the polystyrene industry, improving efficiencies in production, recycling and supply chain management. In production, companies are increasingly using AI powered systems to refine process controls in the production of expanded and extruded polystyrene to reduce energy consumption and ultimately material waste. Most recent developments in Europe and North America have focused on implementing AI enabled optical sorting machines to better identify and sort polystyrene waste, greatly advancing recycling rates. Chemical recycling technologies which AI can help advance are also emerging, compacting expanded polystyrene waste by upwards of 90%, reducing overall transportation cost and environmental impact. As sustainability mandates become stricter and circular economy goals become more established, we can expect AI will be a main catalyst in changing the polystyrene industry in 2025 and beyond. Could Global EPS Recycling Expansion Unlock Opportunity For Sustainable Polystyrene? The global polystyrene industry has a worthwhile and potentially huge opportunity, due to expanded polystyrene (EPS) recycling expansion - which has now transitioned from single-country initiatives to an international study. The Global EPS Sustainability Alliance confirmed that by 2023, 72 separate countries now have established EPS recycling systems: with some tracking EPS recycling rates of more than 30%, including China (46%), Japan (68%), Korea (88%) and Taiwan (83%). The United Nation's Environment Programme (UNEP) has even classified EPS transport‑packaging into one of only six plastics that can be reported as recycled at the scale worldwide. The spread of EPS recycling systems, although mostly government mandated, represents a strong framework for establishing closed‑loop systems, in response to public demand for a more sustainable circular economy. With development of regulations and infrastructure, polystyrene waste is seeing recognition as a proven high-value feedstock for recycling businesses worldwide - providing a strong indicator for expected environmental and economic potential in the future. Limitations and Challenges in the Polystyrene Market Environmental Impact & Regulations- Polystyrene is non-biodegradable, contributing significantly to plastic pollution. The growing number of government limitations and international environmental regulations has been forcing many industries to switch to more sustainable substitute materials to limit further and future polystyrene use in many applications. Risks of Styrene Health Effects- Styrene, the critical raw material in polystyrene, are classified as a possible carcinogen to humans. Long-term exposure is risky, creating health concerns for manufacturers and consumers, and leading to stricter occupational workplace safety requirements. Movement Towards Eco-Friendly Replacements- The increasing prevalence of biodegradable and recyclable materials, including PLA and paper-based materials is lowering the demand for traditional polystyrene, especially in packaging. Consumer preference for green alternatives is changing the markets and limiting polystyrene growth. Invest in Premium Global Insights Immediate Delivery Available @ Why is Asia Pacific Leading the Polystyrene Market in 2024? The Asia-Pacific Polystyrene market volume was valued at 19.44 volume million tons in 2024 and is expected to be worth around 31.28 volume million tons by 2034, growing at a compound annual growth rate (CAGR) of 4.87% over the forecast period 2025 to 2034. Asia Pacific constitutes the largest polystyrene market in 2024, due to its cost-efficient production, established manufacturing base, and expanding construction and packaging industries. Rising population, urbanization, disposable income growth, and values of convenience and comfort have all driven demand for consumer and electronic goods in the Asia Pacific region, subsequently increasing the demand for forms of polystyrene such as foams and sheets. Favourable government policies and a strong supply chain in the petrochemical sector are also contributing to high polystyrene consumption in the region. Moreover, increasing investments into future-proof infrastructure projects are further expanding consumption of polystyrene. Trends in China China is a leading contributor because of its extensive supply chains in electronics manufacturing and packaging, as well as the continued growth of disposable packaging and construction industries. E-commerce has also brought in more business, alongside a very high consumption of plastics. The expansion of innovations in recyclable and bio-based alternatives is pushing domestic companies to develop new sustainable products based on polystyrene. China is the center for polystyrene in both volume produced and general product development. Why North America showing up as the Fastest Growing Region in Polystyrene? North America is developing as the fastest-growing area in the polystyrene market during the forecast period. This is being supported by an increase in demands in the food packaging, electronics, and healthcare industries. New developments in high-impact and eco-friendly polystyrene products are increasing adoption into sustainable construction and medical uses. In addition to the advancements in polystyrene products, government incentives and increasing momentum towards raising awareness through the promotion of plastic recycling is leading companies and manufacturers to move towards innovation and circular economy practices. Market Trends in the U.S. The United States is investing in sustainable packaging, because of the varied manufacturing structures and an expanding food delivery service and consumer electronics sector. These developments continue to boost demand for polystyrene in applications that value lightweight performance alongside maintaining durability and recyclability. For more information, visit the Towards Chem and Materials website or email the team at sales@ +1 804 441 9344 Polystyrene Market Segmentation Resin Type Insights What Type of Resin is the Most Dominant in Polystyrene Market? General Purpose Polystyrene (GPPS) segment dominated the polystyrene market in 2024. GPPS is a great choice for all applications where clarity, rigidity, and ease of processing are needed such as thermoform and extrude packaging, lab ware, and consumer products. GPPS is predictable in how it will thermoform and extrude while offering great value and moldability. GPPS generally has great compatibility with other polymers. Polystyrene Market Volume & Share, By Resin Type, 2024 - 2034 (%) By Resin Type Volume Share, 2024 (%) Volume Million Tons 2024 Volume Share, 2034 (%) CAGR (2025 - 2034 ) Volume Million Tons 2034 General Purpose Polystyrene (GPPS) 35.67 % 14.30 16.20 1.25 % 25.99 % High Impact Polystyrene (HIPS) 28.12 % 11.27 22.94 7.36 % 36.80 % Expandable Polystyrene (EPS) 36.21 % 14.52 23.19 5.34 % 37.21 % Total 100.00 % 40.09 62.33 4.51 % 100.00 % High Impact Polystyrene (HIPS) segment expects the fastest growth in the market during the forecast period, primarily due to its increased strength and impact resistance. HIPS is a strongly emerging material in areas where strength, aesthetics and durability is required. Compared to GPPS, HIPS processability for metamorphic applications in extrusion and thermoforming is better; the matte finish is also good when you have a printed surface for consumer products. The broadening of overall use areas in electronics housings, refrigerator linings and industrial packaging is part of the story of increased demand for HIPS, given the infrastructure and appliance markets in Asia and Eastern Europe that are growing. Form Insights Which Form Dominates the Polystyrene Market in 2024? Foams segment dominated the polystyrene market in 2024. Their lightweight and advantageous insulation properties make foams innovative materials for thermal insulation, cushioning, and protective packaging. Advancements in foam-based polystyrene—particularly EPS—have led to demand for though not limited to those applications in the construction (as insulation) and packaging (as protective padding) sectors. Foams used for those applications or uses are low-cost, moisture-resistant, and energy efficient; hence, buildings need those materials to be insulated, and cold-chain packaging needs them for protective packaging. Polystyrene Market Volume Share, By Form, 2024 - 2034 (%) By Form Volume Share, 2024 (%) Volume Million Tons 2024 Volume Share, 2034 (%) CAGR (2025 - 2034 ) Volume Million Tons 2034 Foams 59.50 % 23.85 34.90 3.88 % 56.00 % Films & Sheets 14.20 % 5.69 9.72 5.50 % 15.60 % Injection Molding 21.80 % 8.74 14.59 5.86 % 23.40 % Other Forms 4.50 % 1.80 3.12 6.26 % 5.00 % Total 100.00 % 40.09 62.33 4.51 % 100.00 % Injection molding segment expects the fastest growth in the market during the forecast period, owing to growing demand for features designed for precision-engineered plastic components. The injection molding process allows for complex part designs and effective large-volume production while minimizing waste and rework. Manufacturers increasingly use polystyrene molded parts in electronics, automotive interiors, and consumer items due to the dimensional stability and lightweight properties. The expansion of automation in manufacturing and increased technological advancement of mold designs will further facilitate growth in the use of plastics via injection molding. End User Insights Why Packaging Segment Dominates the Polystyrene Market in 2024? Packaging segment dominated the market in 2024 since polystyrene is lightweight, insulating, and protective. From food containers and trays to industrial packaging and insulation wraps, it meets a variety of packaging needs across industries. Its capacity to preserve freshness, resist moisture, and reduce transportation costs make polystyrene ideal for perishables. Additionally, polystyrene is recyclable and comes in rigid and foam forms, all supporting its predominant use in retail and industrial packaging applications. Growing e-commerce and global trade continues to drive packaging-related demand. The consumer goods segment expects the fastest growth in the market during the forecast period, due to the increasing use of polystyrene in disposable cutlery, food containers, packaging foams, and cosmetic product casings. The versatility of culture products as a lightweight material and the flexibility it provides for designers make it the best solution for manufacturers and the end consumer. The growing demand for ready-to-eat food and convenience food packaging is being driven by the increase in the working population, an adapted lifestyle, and other demands on consumers' time. Convenience food consumption is growing rapidly globally and is poised to continue growing. Polystyrene Market Volume & Share, By End-Use, 2024 - 2034 (%) By End-Use Volume Share, 2024 (%) Volume Million Tons 2024 Volume Share, 2034 (%) CAGR (2025 - 2034 ) Volume Million Tons 2034 Packaging 39.00 % 15.64 22.75 3.82 % 36.50 % Building & Construction 24.50 % 9.82 16.08 5.05 % 25.80 % Electrical & Electronics 15.00 % 6.01 9.60 4.79 % 15.40 % Consumer Goods 13.00 % 5.21 8.54 5.06 % 13.70 % Other End-Uses 8.50 % 3.41 5.36 4.63 % 8.60 % Total 100.00 % 40.09 62.33 4.51 % 100.00 % Competitive Landscape in the Polystyrene Market INEOS Styrolution- World's largest styrenics producer; offers wide PS portfolio for packaging, appliances, and healthcare. TotalEnergies- Major PS producer in Europe; invests in PS recycling technologies, including depolymerization. Dow Chemical Company- Formerly a large PS player; now supports value chain with focus on sustainability and material science. SABIC- Once a PS producer; now more active in other polymers but contributes to innovation and R&D BASF SE- Diversified chemicals player; involved in PS through EPS and joint ventures. LG Chem- Offers specialty PS resins; not a leading global PS producer but contributes to high-end applications. Chevron Phillips Chemical Company- Focused mainly on polyolefins; minor role in PS through partnerships or specialty chemicals. Synthos S.A.- Key European EPS and PS supplier; strong presence in insulation and packaging sectors. Versalis S.p.A.- Supplies GPPS and HIPS; involved in PS recycling and circular economy projects. Trinseo- Major PS supplier in NA and EU; strong in performance PS and advancing circular solutions. Nova Chemicals Corporation- North American EPS leader; supports sustainable packaging and innovation in PS applications. What is Going Around the Globe? In June 2025, Sulzer Ltd. Introduced latest licensed EcoStyrene polystyrene recycling technology, a revolutionary method for the recycling of polystyrene material contamination. In January 2025, Ineos Styrolution, announced its first project involving mechanically recycled polystyrene (rPS)for yogurt cup applications. Dr. Frank Eisenträger, market development manager, at Ineos Styrolution said, 'This technology will enable producers to meet the requirements of the new EU directive on packaging and packaging waste (PPWR).' In February 2025, Trinseo began offering Europe's first transparent dissolution recycled polystyrene (rPS) that is suitable for direct food contact, made from 30% recycled content, which is commercially available. The product is made from polystyrene from pre- and post-consumer products collected by Heathland, Trinseo's recycling partner, and is estimated to deliver an 18% reduction in carbon footprint, compared to virgin polystyrene. You can place an order or ask any questions, please feel free to contact at sales@ +1 804 441 9344 More Insights in Towards Chem and Materials: Polyolefin Market : The global polyolefin market volume accounted for 241.98 million tons in 2025 and is forecasted to hit around 371.54 million tons by 2034, representing a CAGR of 4.88% from 2025 to 2034. Polymer Modified Bitumen Market: The global polymer modified bitumen market volume was 25.70 million tons in 2024 and is projected to grow from 26.86 million tons in 2025 to 39.90 million tons by 2034, exhibiting a CAGR of 4.50% during the forecast period. Asia Pacific dominated the market with market volume share of 44.31% in 2024. Recycled Polyolefin Market : The global recycled polyolefin market size was accounted for USD 61.19 billion in 2024 and is expected to be worth around USD 144.2 billion by 2034, growing at a compound annual growth rate (CAGR) of 8.95% during the forecast period 2025 to 2034. Fertilizers Market : The global fertilizers market volume was 193.20 million tons in 2024 and is projected to grow from 199.19 million tons in 2025 to 262.18 million tons by 2034, exhibiting a CAGR of 3.10% during the forecast period. Specialty Fertilizers Market : The global specialty fertilizers market volume is calculated at 30.23 million tons in 2024, grew to 31.75 million tons in 2025, and is projected to reach around 49.33 million tons by market is expanding at a CAGR of 5.02% between 2025 and 2034. Enzymes Market : The global enzymes market volume was 746.40 kilo tons in 2024 and is projected to grow from 791.58 kilo tons in 2025 to 1343.40 kilo tons by 2034, exhibiting a CAGR of 6.05% during the forecast period. In 2024, North America dominated the enzymes market with a volume share of 32.12% in 2024. Agricultural Enzymes Market : The global agricultural enzymes market size was valued at USD 619.13 million in 2024. The market is projected to grow from USD 675.53 million in 2025 to USD 1480.56 million by 2034, exhibiting a CAGR of 9.11% during the forecast period. Polystyrene Market Top Key Companies: INEOS Styrolution TotalEnergies Dow Chemical Company SABIC BASF SE LG Chem Chevron Phillips Chemical Company Synthos S.A. Versalis S.p.A. Formosa Chemicals & Fibre Corp. Trinseo Nova Chemicals Corporation Chi Mei Corporation Supreme Petrochem Ltd. Americas Styrenics LLC Polystyrene Market Report Segmentation This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2034. For this study, Towards Chem and Materials has segmented the global Polystyrene Market By Resin Type Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2034) General Purpose Polystyrene (GPPS) High Impact Polystyrene (HIPS) Expandable Polystyrene (EPS) By Form Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2034) Foams Films & Sheets Injection Molding Other Forms By End-User Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2034) Packaging Building & Construction Electrical & Electronics Consumer Goods Other End-Uses By Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2034) North America Europe Asia Pacific Latin America Middle East Africa Immediate Delivery Available | Buy This Premium Research Report@ About Us Towards Chem and Materials is a leading global consulting firm specializing in providing comprehensive and strategic research solutions across the chemical and materials industries. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. Our Trusted Data Partners Precedence Research | Statifacts | Towards Packaging | Towards Healthcare | Towards Food and Beverages | Towards Chem and Materials | Towards Consumer Goods | Nova One Advisor | For Latest Update Follow Us: USA: +1 804 441 9344 APAC: +61 485 981 310 or +91 87933 22019 Europe: +44 7383 092 044 Email: sales@ Web:
