Single Use Packaging Market, By Material Type (Paper and Paper Board, Plastics, Glass, and Other Material Types), By End-User Industry (Food & Beverage, Personal Care, Pharmaceutical, and Others), By Geography (North America, Latin America, Europe, Asia P

Single Use Packaging Market, By Material Type (Paper and Paper Board, Plastics, Glass, and Other Material Types), By End-User Industry (Food & Beverage, Personal Care, Pharmaceutical, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

The single use packaging market has been witnessing steady growth in recent years. Also known as disposable packaging, single-use packaging refers to containers, bags, cups, bottles, and wraps that are meant to be used only once before they are thrown away or recycled. With rapid urbanization and changing lifestyles, the demand for convenient and disposable packaging from various end-use industries including food and beverages, pharmaceuticals, and personal care has increased significantly. The need for hygienic and lightweight packaging to suit on-the-go consumption trends has also boosted the sales of single-use plastics. However, the substantial amount of non-biodegradable waste generated from single-use items is posing a threat to the environment, driving the demand for sustainable alternatives.

Market Dynamics:

The key factors augmenting the demand for single-use packaging include growing food delivery and takeaway trends, rising health awareness among consumers, and the expanding pharmaceuticals sector. However, stringent regulations regarding bans on SUP that are imposed by various governments due to environmental concerns are inhibiting the market growth. At the same time, the demand for biodegradable and recyclable packaging materials from conscious consumers and regulations are opening up opportunities for suppliers to provide bio-based and sustainable alternatives. Manufacturers are investing in R&D to develop innovative and eco-friendly packaging solutions made from materials like paper, sugarcane, tree pulps, bagasses, and bamboo to capitalize on the growing preferential trends.

Key Features of the Study:

• This report provides in-depth analysis of the global single use packaging market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global single-use packaging market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Ardagh Group SA, Amcor PLC, Winpak Limited, Dart Container Corporation, Snapsil Corporation, Transcontinental Inc., Berry Global Inc., , Huhtamaki Oyj, Sealed Air Corporation, Sonoco Products Company, and Hotpack Packaging Industries LLC.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global single use packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global single use packaging market.

Detailed Segmentation-

• By Material:
• Paper and Paper Board
• Plastics
• Glass
• Other Material Types
• By End-User Industry:
• Food & Beverage
• Personal Care
• Pharmaceutical
• Others
• By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
• Company Profiles:
• Ardagh Group SA
• Amcor PLC
• Winpak Limited
• Dart Container Corporation
• Snapsil Corporation
• Transcontinental Inc.
• Berry Global Inc.,
• Huhtamaki Oyj
• Sealed Air Corporation
• Sonoco Products Company
• Hotpack Packaging Industries LLC