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HIPS Sheets Market - Global Industry Analysis, Share by 2031 HIPS sheets are high-impact polystyrene sheets that are manufactured using plastic polymers. HIPS sheets are considered one of the most dynamic packaging as they are supremely versatile in terms of performance across multiple applications, tough, economical, and are easy to transform into any shape. The standard dimension for HIPS sheets is 40x72 – 48x96.