The PS Containers market share's net worth is likely to grow from US$ 1352.7 million in 2023 to over US$ 1747.3 million by 2033. The market is expected to register a CAGR of 2.6% from 2023 to 2033. Rapid urbanization, coupled with lifestyle changes, especially in developing countries, has led to an increase in the demand for PS containers.
PS containers are manufactured from the finest quality foamed polystyrene, which can easily be molded into a multitude of shapes and configurations. PS containers have excellent insulation properties and excellent thermal resistance making them highly suitable for packaging both hot and cold foods.
Hot food packed in PS containers can stay warm and cold food may stay cold for a long time. Hence, PS containers are widely used in the food service industry. PS containers are accessible in various product types such as bottles, jars, plates & bowls, trays, blisters & clamshells, and others.
The availability of PS containers in different sizes and shapes has proven to fulfill the need for various end-use applications. PS containers are lighter than many other materials making them a very economical choice for a wide range of applications.
The preference for takeaway or ready-to-eat food is growing as a result of changing lifestyles, rising disposable incomes, and rapid urbanization, particularly in developing economies. A corporate culture promoting out-of-home food practices is also resulting in strong demand for PS containers. As a result of these factors, the PS container market is expected to grow throughout the forecast period.
As PS containers are light than many other materials, they are becoming popular in various end-use industries, including food, medical, electrical and electronics, cosmetics & personal care, and many others. As a result of its recyclable nature, the global PS containers market is expected to see positive growth over the forecast period. For instance, the food packaging industry is estimated to account for a high share of the market due to the increasing demand for ready-to-eat food products and the growing preference for PS Containers in the food industry.
| Attributes | Details |
|---|---|
| PS Containers Market Value (2023) | US$ 1352.7 million |
| PS Containers Market Expected Value (2033) | US$ 1747.3 million |
| PS Containers Market Projected CAGR (2023 to 2033) | 2.6% |
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As per FMI, the PS Containers market may reach over US$ 1747.3 million by 2033. In 2022, the global market increased at a CAGR of 2.0%, which is a market share of US$ 1326 million. Although not evenly distributed throughout all regions, this growth is significant in developing markets, where it is predicted to reach US$ 1352.7 million by 2023 with a CAGR of 2.6%.
| Historical CAGR | 2.0% |
|---|---|
| Historical Market Value (2022) | US$ 1326 million |
| Forecast CAGR | 2.6% |
In the wake of the pandemic, PS containers have experienced low demand than anticipated across all regions compared to pre-pandemic levels. According to FMI analysis, the global PS Containers market declined by 2.0% between 2016 and 2021.
| Particulars | Details |
|---|---|
| Jan-Jun (H1), 2021 (A) | 3.5% |
| Jan-Jun (H1), 2022 Projected (P) | 3.7% |
| Jan-Jun (H1), 2022 Outlook (O) | 3.0% |
| BPS: H1,2022 (O) - H1,2021 (P) | -50 |
| BPS Change: H1,2022 (O) - H1,2021 (A) | -70 |
One of the most important factors which have led to a significant increase in the sales of PS containers is the change in lifestyles, especially in developing countries. In countries like India, China, etc., there has been a paradigm shift in the lifestyle of people, especially over the past 2 decades.
Due to the busy lifestyle of people working in corporate companies, they hardly get any time to cook and eat their food. Instead, they go in for ready-to-eat food or fast food. In such cases, they generally make use of utensils made of Polystyrene. Because of this, there has been an increasing demand for PS containers, not only in developing but also in developed nations.
Moreover, owing to their lightweight and affordable cost, PS containers have become extremely popular. Owing to these features, they are used in a variety of industries ranging from medical, electrical, and electronics, and cosmetics and personal care. These factors have ultimately led to an increase in the sales of PS containers.
Even during the manufacturing of PS Containers, not much energy is utilized. Apart from that, the number of raw materials involved in the manufacturing of PS containers is also quite less. All these indicate the fact that businesses have saved lots of money by making use of polystyrene, and this has further propelled the sales of PS containers.
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Some restraints in the PS (polystyrene) containers market include:
Owing to rapid urbanization in developing countries, Asia Pacific is believed to be the most attractive destination for the PS container market. The reason behind this is a lifestyle change, and people don’t get time to prepare food by themselves. So, while consuming ready-to-eat food or food from a quick-service restaurant, people generally make use of PS containers.
The two countries mainly responsible for such a massive growth of the PS containers market are India and China in the Asia Pacific region, and especially China.
If we talk about North America and Europe, increasing quick-service restaurants in these regions have fueled the demand for PS containers in these regions. Moreover, the existence of rapid urbanization has also increased the sales of PS containers.
Even Latin America has been witnessing an increased demand for PS containers for a variety of industries like medical, electronics, food, etc.
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| Country | Statistics |
|---|---|
| The United States | The PS containers market in the United States currently holds the maximum number of shares and has registered a market valuation of US$ 287 million in 2022. The United States PS container market is projected to capture a market share of 17.1% by the end of 2023. |
| The United Kingdom | Europe is identified to hold a significant market share in the PS containers market. Currently, the United Kingdom is the leading country in this region and is accountable for a market valuation of US$ 289.0 million in 2023, advancing at a moderate-paced CAGR of 3.6%. The market valuation is expected to surpass US$ 555 million by 2033. |
| China | China is projected to advance at a significant pace, registering a CAGR of 6.8% through the forecast period. The country is currently holding a market valuation of US$ 347.1 million in 2023. FMI estimates valuation to surpass US$ 670.14 million by the end of 2033. |
| India | India is projected to advance at a moderate pace, registering a CAGR of 7.5% through the forecast period. The country is currently holding a market valuation of US$ 310.68 million in 2023. FMI estimates valuation to surpass US$ 640.31 million by the end of 2033. |
Many start-ups in the PS Containers market are working on innovative solutions to meet the evolving needs of the industry. These start-ups are hugely driven by the increasing need for enhanced environmental sustainability. These start-ups are working to bring cutting-edge technologies and solutions to the PS container market, helping to shape the future of the industry.
There are some start-ups operating in the PS (polystyrene) container market, which includes products like foam cups, take-out containers, and packaging materials. Some examples include:
These start-ups are a part of a trend of companies looking for ways to reduce the environmental impact of packaging materials, particularly those made from plastic.
In an attempt to influence consumer purchases and differentiate product offerings, manufacturers of PS containers are introducing packaging with new textures, graphics, eye-catching colors, and innovative designs. To strengthen their position in the PS containers market, the companies are engaging in strategic initiatives, including regional expansions, mergers, partnerships, and collaborations.
Recent Developments:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2023 |
| Market Analysis | US$ billion for Value and MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; The Middle East and Africa; East Asia |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Chile, Peru, Germany, United Kingdom., Spain, Italy, France, Russia, Poland, China, India, Japan, Australia, New Zealand, GCC Countries, North Africa, South Africa, and Turkey |
| Key Segments Covered | Product, Application, Region |
| Key Companies Profiled | Tray-Pak Corporation; Alpha Packaging; Genpak, LLC; Sabert Corporation; Tecnowerk Plast SRL; Takween Advanced Industries; Alpha Packaging; TYH CONTAINER Enterprise Co., Ltd.; Tekni-Plex; Dart Container Corporation |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
From 2017 to 2022, the market expanded at a CAGR of 2%.
The growth potential of the market is 2.6% through 2033.
Germany may witness significant growth in the market.
The negative perception of PS containers among consumers and increasing regulations and restrictions on the use of PS containers restrain market growth.
India, Japan, and China dominate the Asian market.
1. Executive Summary | PS Containers Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product, 2023 to 2033
5.3.1. Bottles
5.3.2. Jars
5.3.3. Plates & Bowls
5.3.4. Trays
5.3.5. Blisters & Clamshell
5.3.6. Others
5.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Packaging Material
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Packaging Material, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Packaging Material, 2023 to 2033
6.3.1. High Density Polyethylene
6.3.2. Low Density Polyethylene
6.3.3. Polyethylene Terephthalate
6.3.4. Polypropylene
6.3.5. Polystyrene
6.3.6. Polyvinyl Chloride
6.4. Y-o-Y Growth Trend Analysis By Packaging Material, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Packaging Material, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End User, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End User, 2023 to 2033
7.3.1. Cosmetics & Personal Care
7.3.2. Electronics
7.3.3. Food & Beverages
7.3.4. Pharmaceuticals
7.3.5. Printing & Stationary
7.3.6. Other End Users
7.4. Y-o-Y Growth Trend Analysis By End User, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By End User, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Product
9.2.3. By Packaging Material
9.2.4. By End User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product
9.3.3. By Packaging Material
9.3.4. By End User
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Product
10.2.3. By Packaging Material
10.2.4. By End User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product
10.3.3. By Packaging Material
10.3.4. By End User
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Product
11.2.3. By Packaging Material
11.2.4. By End User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product
11.3.3. By Packaging Material
11.3.4. By End User
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Product
12.2.3. By Packaging Material
12.2.4. By End User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product
12.3.3. By Packaging Material
12.3.4. By End User
12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Product
13.2.3. By Packaging Material
13.2.4. By End User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product
13.3.3. By Packaging Material
13.3.4. By End User
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Product
14.1.2.2. By Packaging Material
14.1.2.3. By End User
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Product
14.2.2.2. By Packaging Material
14.2.2.3. By End User
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Product
14.3.2.2. By Packaging Material
14.3.2.3. By End User
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Product
14.4.2.2. By Packaging Material
14.4.2.3. By End User
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Product
14.5.2.2. By Packaging Material
14.5.2.3. By End User
14.6. United Kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Product
14.6.2.2. By Packaging Material
14.6.2.3. By End User
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Product
14.7.2.2. By Packaging Material
14.7.2.3. By End User
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Product
14.8.2.2. By Packaging Material
14.8.2.3. By End User
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Product
14.9.2.2. By Packaging Material
14.9.2.3. By End User
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Product
14.10.2.2. By Packaging Material
14.10.2.3. By End User
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Product
14.11.2.2. By Packaging Material
14.11.2.3. By End User
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Product
14.12.2.2. By Packaging Material
14.12.2.3. By End User
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Product
14.13.2.2. By Packaging Material
14.13.2.3. By End User
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Product
14.14.2.2. By Packaging Material
14.14.2.3. By End User
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Product
14.15.2.2. By Packaging Material
14.15.2.3. By End User
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Product
14.16.2.2. By Packaging Material
14.16.2.3. By End User
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Product
14.17.2.2. By Packaging Material
14.17.2.3. By End User
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Product
14.18.2.2. By Packaging Material
14.18.2.3. By End User
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Product
14.19.2.2. By Packaging Material
14.19.2.3. By End User
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Product
14.20.2.2. By Packaging Material
14.20.2.3. By End User
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Product
15.3.3. By Packaging Material
15.3.4. By End User
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Tray-Pak Corporation
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Alpha Packaging
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Genpak, LLC
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Sabert Corporation
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. CKS Packaging, Inc.
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Takween Advanced Industries
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Alpha Packaging
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. TYH CONTAINER Enterprise Co., Ltd.
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Plastipak Holdings Inc.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Sonoco Products Company
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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PS Containers Market
