The US Single Use Packaging Market size is estimated at USD 26.96 billion in 2024, and is expected to reach USD 30.84 billion by 2029, growing at a CAGR of 2.72% during the forecast period (2024-2029).
The demand for single-use packaging in the country is anticipated to increase due to its high convenience and printability. Single-use plastic packaging is required by several businesses to avoid cross-contamination and disease. It will accelerate the expansion of the market for single-use packaging.
The single-use packaging market in the United States is moderately consolidated, with new firms entering the market as well as the entry of a few dominant firms, including Dart Container Corporation, Georgia-Pacific LLC, Graphic Packaging International Inc, Novolex, and others. The firms keep innovating and entering strategic partnerships to retain their market share.
In July 2022, Georgia-Pacific's Broadway mill received an investment of USD 500 million for expansion. The expenditures will significantly improve the company's retail consumer tissue and towel business. Through-air-dried (TAD) technology is being used to construct a new paper mill and add related infrastructure and conversion tools. Georgia-Pacific's premium brands will be able to grow, and their premium private label products, as well as those of present and future clients, will be supported by the changes. 2024 is the projected completion date.
In April 2022, Georgia-Pacific constructed new facilities in McDonough, Georgia, and Jonestown, Pennsylvania, where they will manufacture an original, recyclable paper-padded envelope. Georgia-Pacific has more than tripled its capacity to help satisfy the rising demand for more environmentally friendly e-commerce packaging solutions when paired with the newly increased manufacturing capacity of a third production line at the company's factory in the Phoenix region.
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