Single-use Packaging Market Forecasts to 2028 - Global Analysis By Material Type, End-user Industry, Process and By Geography

According to Stratistics MRC, the Global Single-Use Packaging Market is accounted for $ 39.60 billion in 2022 and is expected to reach $ 61.94 billion by 2028 growing at a CAGR of 7.74% during the forecast period. Single-use packaging has a number of benefits over multi-use packaging. Its capacity to lower environmental trash generation and boost recycling rates is one of these. Paper and other lightweight, biodegradable materials can also be used to create single-use packaging. Public recycling programmes do not yet accept this package. This approach' technological underpinnings can aid in the development of fresh value propositions.

According to the Department for Environment, Food and Rural Affairs (DEFRA) in the fiscal year 2018-2019, Tesco provided 121 million bags recording the largest number of single-use plastic carrier bags issued to its buyers. Additionally, Asda provided 106.89 million single-use plastic carrier bags to its customers.

Market Dynamics:

Driver:

Easy-To-Use and convenient

The growing adoption of flexible, cheap, and easy-to-use packaging are major factors driving the investment in the single-use packaging market. The market is expanding as a result of rising demand for single-use packaging options that can provide a high level of convenience and flexibility. Also, its lightweight and durable features driving its demand across wide variety of sectors for packaging of items

Restraint:

Implementation of regulations

In response to public concerns over packaging waste, particularly plastic packaging waste, governments from every country have taken action. Regulations are being put into place to reduce environmental waste and enhance waste management procedures. The market's expansion would be adversely affected by this.

Opportunity:

Growing adoption of user-friendly packaging

To keep food free of contaminants, to make masks, gloves, and other protective gear, and even to make syringes and other essential medical equipment, single-use packaging material is widely utilised. Additionally, the environmental impact of creating one disposable cup is lower than that of generating one reusable cup or bottle. A Styrofoam or paper cup is also produced with significantly less energy than comparable reusable options made of plastic, glass, or ceramic. The growing adoption of user-friendly packaging is major factor that drives the investment in the single-use packaging market.

Threat:

Availability of materials

The packaging sector's challenge is whether it can meet the demand for alternative materials' supply and whether there will be enough raw materials for manufacturing at the necessary scale. The creation of novel materials necessitates a tremendous deal of trial and error. Long before "Blue Planet II" brought the issues to light in 2018, there has been an effort to develop plastic substitutes.

COVID-19 Impact

The COVID-19 pandemic significantly eased the sellers of single-use packaging. Although many nations were gradually banning these packaging and encouraging the use of reusable packaging, the pandemic altered public opinion and governmental policies. The COVID-19 outbreak dramatically raised the need for hand sanitizers, soap, cleaning wipes, and sprays. Most of these goods come in single-use plastic packaging. Globally, the orders were so massive that the manufacturers and packaging firms in the industry even extended their facilities, with the cooperation of the majority of governments.

The plastic segment is expected to be the largest during the forecast period

Based on the material type, the market is classified into Glass, Plastic, Paper and Paperboard and Other Material Types. Industries that heavily rely on plastics include e-commerce, food and beverage, and logistics. To keep food free of contaminants, to make masks, gloves, and other protective gear, and even to make syringes and other essential medical equipment, single-use plastic is widely utilised.

The food & beverages segment is expected to have the highest CAGR during the forecast period

Based on the end-user, the market is segmented into Beverage, Pharmaceutical, Personal Care, Food and Other End-user Industries. The food & beverages segments is captured to be more profitable and predicted to record a strong CAGR during the forecast period. On the basis of consumption rates and the demand for fresh and comfortable packaging solutions by the final customers, the food and beverage industry is projected to hold a significant market share in addition to the pharmaceutical business. These factors have made it possible for packaging manufacturers to create new product technologies that offer advantages including simplicity, single-handed usage, serving control, and compactness. This encourages the product's growth in the end-user market for food and beverages.

Region with highest share:

Asia Pacific is anticipated to hold the highest share during the forecast period. Asia as a whole, has a huge need for packaged and convenience foods. This demand is always increasing as a result of the many sorts of consumers' busy schedules. The demand for single-use packaging in the Asia-Pacific area is predicted to increase due to an increase in average salary and awareness of eating a healthy diet. Additionally, the implementation of a free trade agreement in the ASEAN region is anticipated to improve growth possibilities for regional suppliers and producers of single-use packaging.

Region with highest CAGR:

North America single-use packaging market is one of the fastest-growing regions and also records highest CAGR during the forecast period. This is due to the occurrence of systematized retail stores and outlets. This element enables the end-user industry to cater to the demands of their ultimate consumers because they have organised data about their customers. Additionally, because single-use packaging is a cutting-edge concept that has only recently emerged, manufacturers have a large growth opportunity to invest in this untapped market. Due to the equipment's rapid launch and the fragmented character of the industry, there is intense competition that fuels market expansion.

Key players in the market

Some of the key players profiled in the Single-Use Packaging Market include Amcor PLC, Ardagh Group SA, Coveris Management GmbH, Dart Container Corporation, Elis Packaging Solutions Inc., Graphic Packaging Holding Co., JHS PACKAGING, LIQUIPAK CORP., ProAmpac Intermediate Inc, Snapsil Corporation, S3 Packaging Ltd., Sealed Air Corp., Transcontinental Inc., TC Transcontinental Inc., T.H.E.M., Technical Help in Engineering and Marketing, Tetra Pak Group, Winpak Limited, Wilpack Packaging, Zipz Inc.

Key Developments:

December 2021 - Amcor announced the opening of its greenfield packaging facility in Tuas, Singapore. The dedicated healthcare packaging facility is expected to address present and future market requirements, as the demand for healthcare packaging is rapidly increasing across the region.

November 2021 - Ardagh Group SA agreed to acquire Consol Holdings Proprietary Limited, one of the leading producers of glass packaging on the African continent, for an equity value of ZAR 10.1 billion (USD 635 million).

November-2021 -Transcontinental Inc. acquired H.S. Crocker Co. Inc., a manufacturer of die-cut lids for the food industry and labels for the pharmaceutical industry. This acquisition is expected to support Transcontinental in expanding its packaging competencies in the lidding and labels markets.

Material Type Covered:

• Glass
• Plastic
• Paper and Paperboard
• Other Material Types

End-user Industry Covered:

• Beverage
• Pharmaceutical
• Personal Care
• Food
• Other End-user Industries

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances