Global Single-Use Packaging Market - 2023-2030

Global Single-Use Packaging Market - 2023-2030

The Global Single-Use Packaging Market reached US$ 29 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 41 billion by 2030. The market is growing at a CAGR of 5.2% during the forecast period 2023-2030.

The Global Single-use Packaging Market holds significant importance within the broader packaging industry, catering to diverse sectors including food and beverage, pharmaceuticals, personal care, and e-commerce. As organizations across various industries seek effective packaging solutions, the global single-use packaging market is witnessing a notable upward market trend.

This trend is driven by the practicality of single-use packaging in preserving and transporting products, ranging from convenient food packaging to secure pharmaceutical containers.

The plastic segment retains a dominant position, accounting for over 20% of the market share. However, as countries worldwide transition towards sustainable packaging materials, the paper and paperboard segment is expected to capture the majority of the market share. These evolving market trends are accompanied by regional variations that significantly shape the market landscape.

The Asia-Pacific emerges as a dominant regional segment, holding approximately 25% of the market share. Understanding these regional dynamics enables businesses to customize their strategies, effectively targeting specific markets and capitalizing on emerging market opportunities.

Market Dynamics

Increasing Demand For Convenience Packaging

Various factors drive the global single-use packaging market, one of the major drivers being the increasing demand for convenience packaging. Convenience packaging refers to single-use packaging that is easy to use and can be disposed of after use.

Consumers prefer this type of packaging as it saves time and effort. Convenience packaging is extensively used in the food and beverage industry, where it is used for packaging ready-to-eat meals, snacks, and beverages. The demand for convenience packaging has been further fueled by the COVID-19 pandemic, which has increased home deliveries and takeout orders. As a result, there has been a surge in demand for single-use packaging for food delivery and takeaway services.

Government Policies And Regulations

The global single-use packaging market is confronted with a major market restraint in the form of government policies and regulations aimed at curbing its environmental impact. For instance, according to the United Nations Environment Programme, approximately 8 million tons of plastic waste enter the oceans each year, with single-use plastics being a significant contributor. Such alarming figures have prompted governments worldwide to take action, which genrally hampers the global single-use packaging market.

Nonetheless, companies across the industry have introduced innovative and sustainable packaging solutions to comply with regulations and meet consumer demands. Going forward, continued collaboration between governments, businesses, and consumers will be crucial in fostering a sustainable packaging ecosystem that balances convenience, affordability, and environmental responsibility.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The Global Single-Use Packaging Market is segmented based on material type, end-user and region.

Growing Environmental Concerns, Goverment Regulations, Policies, And Initiatives Promoting Sustainability

The paper & paper board segment is experiencing substantial growth in the global single-use packaging market, driven by various factors. Government statistical data highlights the impact of regulations, policies, and initiatives promoting sustainability and using recycled materials. The European Environment Agency (EEA) reports that the demand for single-use plastic packaging has declined across Europe.

In response, European Union (EU) governments have implemented stringent regulations and targets to reduce plastic waste. This has led to a surge in the adoption of paper and paper-based packaging materials, thereby fueling the growth of the paper & paper board segment in the region.

Various food and beverage companies have introduced innovative single-use packaging solutions from paper and paperboard. For instance, a prominent fast-food chain recently launched paper-based burger containers and cups, replacing traditional plastic packaging. These sustainable alternatives cater to consumer demand for eco-friendly options and align with the company’s corporate social responsibility initiatives.

As the demand for sustainable packaging continues to rise, the paper & paper board segment is likely to maintain its growth trajectory, offering eco-friendly alternatives to traditional single-use packaging materials.

Geographical Analysis

Increasing Urbanization And A Rising Middle-Class Population

With a vast population exceeding 4.6 billion people, Asia-Pacific offers a significant customer base for the single-use packaging industry. The region's increasing urbanization and rising middle class have contributed to the surge in demand for packaged products.

As per government statistics, over 50% of the global middle-class population resides in Asia-Pacific, making it an attractive market for various industries, including packaging. This burgeoning consumer base seeks convenient, on-the-go solutions, and single-use packaging fulfills their requirements effectively.

Asia-Pacific has witnessed a surge of innovative product launches in the single-use packaging sector. For example, Japan's Ministry of the Environment recently unveiled a biodegradable single-use packaging material made from plant-based starch. These developments showcase the region's commitment to sustainable packaging solutions, driving its growth in the global market.

Competitive Landscape

The major global players in the market include Ardagh Group S.A., Bemis Company Inc.(AMCOR), Winpak Limited, Zipz Inc., Snapsil Corporation, TC Transcontinental Inc., Tetra Pak, Sealed Air, T.H.E.M. and Mondi.

Why Purchase the Report?
• To visualize the global single-use packaging- market segmentation based on material type, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous single-use packaging market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Single-Use Packaging Market Report Would Provide Approximately 53 Tables, 51 Figures And 181 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies