Single Use Packaging Market
Single-use Packaging Market Forecasts to 2028 - Global Analysis By Material Type (Glass, Plastic, Paper and Paperboard and Other Material Types), End-user Industry (Beverage, Pharmaceutical, Personal Care, Food and Other End-user Industries), Process (Filament Winding, Centrifugal Casting and Others) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $39.60 BN |
|
Projected Year Value (2028) |
US $61.94 BN |
|
CAGR (2022 - 2028) |
7.74% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Fastest Growing Market |
North America |
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
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Single-use Packaging Market, By Material Type
5.1 Introduction
5.2 Glass
5.3 Plastic
5.4 Paper and Paperboard
5.5 Other Material Types
6 Global Single-use Packaging Market, By End-user Industry
6.1 Introduction
6.2 Beverage
6.3 Pharmaceutical
6.4 Personal Care
6.5 Food
6.6 Other End-user Industries
7 Global Single-use Packaging Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Amcor PLC
9.2 Ardagh Group SA
9.3 Coveris Management GmbH
9.4 Dart Container Corporation
9.5 Elis Packaging Solutions Inc.
9.6 Graphic Packaging Holding Co.
9.7 JHS PACKAGING
9.8 LIQUIPAK CORP.
9.9 ProAmpac Intermediate Inc.
9.10 Snapsil Corporation
9.11 S3 Packaging Ltd.
9.12 Sealed Air Corp.
9.13 Transcontinental Inc.
9.14 TC Transcontinental Inc.
9.15 T.H.E.M.
9.16 Technical Help in Engineering and Marketing
9.17 Tetra Pak Group
9.18 Winpak Limited
9.19 Wilpack Packaging
9.20 Zipz Inc.
List of Tables
1 Global Single-use Packaging Market Outlook, By Region (2020-2028) ($MN)
2 Global Single-use Packaging Market Outlook, By Material Type (2020-2028) ($MN)
3 Global Single-use Packaging Market Outlook, By Glass (2020-2028) ($MN)
4 Global Single-use Packaging Market Outlook, By Plastic (2020-2028) ($MN)
5 Global Single-use Packaging Market Outlook, By Paper and Paperboard (2020-2028) ($MN)
6 Global Single-use Packaging Market Outlook, By Other Material Types (2020-2028) ($MN)
7 Global Single-use Packaging Market Outlook, By End-user Industry (2020-2028) ($MN)
8 Global Single-use Packaging Market Outlook, By Beverage (2020-2028) ($MN)
9 Global Single-use Packaging Market Outlook, By Pharmaceutical (2020-2028) ($MN)
10 Global Single-use Packaging Market Outlook, By Personal Care (2020-2028) ($MN)
11 Global Single-use Packaging Market Outlook, By Food (2020-2028) ($MN)
12 Global Single-use Packaging Market Outlook, By Other End-user Industries (2020-2028) ($MN)
13 North America Single-use Packaging Market Outlook, By Country (2020-2028) ($MN)
14 North America Single-use Packaging Market Outlook, By Material Type (2020-2028) ($MN)
15 North America Single-use Packaging Market Outlook, By Glass (2020-2028) ($MN)
16 North America Single-use Packaging Market Outlook, By Plastic (2020-2028) ($MN)
17 North America Single-use Packaging Market Outlook, By Paper and Paperboard (2020-2028) ($MN)
18 North America Single-use Packaging Market Outlook, By Other Material Types (2020-2028) ($MN)
19 North America Single-use Packaging Market Outlook, By End-user Industry (2020-2028) ($MN)
20 North America Single-use Packaging Market Outlook, By Beverage (2020-2028) ($MN)
21 North America Single-use Packaging Market Outlook, By Pharmaceutical (2020-2028) ($MN)
22 North America Single-use Packaging Market Outlook, By Personal Care (2020-2028) ($MN)
23 North America Single-use Packaging Market Outlook, By Food (2020-2028) ($MN)
24 North America Single-use Packaging Market Outlook, By Other End-user Industries (2020-2028) ($MN)
25 Europe Single-use Packaging Market Outlook, By Country (2020-2028) ($MN)
26 Europe Single-use Packaging Market Outlook, By Material Type (2020-2028) ($MN)
27 Europe Single-use Packaging Market Outlook, By Glass (2020-2028) ($MN)
28 Europe Single-use Packaging Market Outlook, By Plastic (2020-2028) ($MN)
29 Europe Single-use Packaging Market Outlook, By Paper and Paperboard (2020-2028) ($MN)
30 Europe Single-use Packaging Market Outlook, By Other Material Types (2020-2028) ($MN)
31 Europe Single-use Packaging Market Outlook, By End-user Industry (2020-2028) ($MN)
32 Europe Single-use Packaging Market Outlook, By Beverage (2020-2028) ($MN)
33 Europe Single-use Packaging Market Outlook, By Pharmaceutical (2020-2028) ($MN)
34 Europe Single-use Packaging Market Outlook, By Personal Care (2020-2028) ($MN)
35 Europe Single-use Packaging Market Outlook, By Food (2020-2028) ($MN)
36 Europe Single-use Packaging Market Outlook, By Other End-user Industries (2020-2028) ($MN)
37 Aisa Pacific Single-use Packaging Market Outlook, By Country (2020-2028) ($MN)
38 Aisa Pacific Single-use Packaging Market Outlook, By Material Type (2020-2028) ($MN)
39 Aisa Pacific Single-use Packaging Market Outlook, By Glass (2020-2028) ($MN)
40 Aisa Pacific Single-use Packaging Market Outlook, By Plastic (2020-2028) ($MN)
41 Aisa Pacific Single-use Packaging Market Outlook, By Paper and Paperboard (2020-2028) ($MN)
42 Aisa Pacific Single-use Packaging Market Outlook, By Other Material Types (2020-2028) ($MN)
43 Aisa Pacific Single-use Packaging Market Outlook, By End-user Industry (2020-2028) ($MN)
44 Aisa Pacific Single-use Packaging Market Outlook, By Beverage (2020-2028) ($MN)
45 Aisa Pacific Single-use Packaging Market Outlook, By Pharmaceutical (2020-2028) ($MN)
46 Aisa Pacific Single-use Packaging Market Outlook, By Personal Care (2020-2028) ($MN)
47 Aisa Pacific Single-use Packaging Market Outlook, By Food (2020-2028) ($MN)
48 Aisa Pacific Single-use Packaging Market Outlook, By Other End-user Industries (2020-2028) ($MN)
49 South America Single-use Packaging Market Outlook, By Country (2020-2028) ($MN)
50 South America Single-use Packaging Market Outlook, By Material Type (2020-2028) ($MN)
51 South America Single-use Packaging Market Outlook, By Glass (2020-2028) ($MN)
52 South America Single-use Packaging Market Outlook, By Plastic (2020-2028) ($MN)
53 South America Single-use Packaging Market Outlook, By Paper and Paperboard (2020-2028) ($MN)
54 South America Single-use Packaging Market Outlook, By Other Material Types (2020-2028) ($MN)
55 South America Single-use Packaging Market Outlook, By End-user Industry (2020-2028) ($MN)
56 South America Single-use Packaging Market Outlook, By Beverage (2020-2028) ($MN)
57 South America Single-use Packaging Market Outlook, By Pharmaceutical (2020-2028) ($MN)
58 South America Single-use Packaging Market Outlook, By Personal Care (2020-2028) ($MN)
59 South America Single-use Packaging Market Outlook, By Food (2020-2028) ($MN)
60 South America Single-use Packaging Market Outlook, By Other End-user Industries (2020-2028) ($MN)
61 Middle East & Africa Single-use Packaging Market Outlook, By Country (2020-2028) ($MN)
62 Middle East & Africa Single-use Packaging Market Outlook, By Material Type (2020-2028) ($MN)
63 Middle East & Africa Single-use Packaging Market Outlook, By Glass (2020-2028) ($MN)
64 Middle East & Africa Single-use Packaging Market Outlook, By Plastic (2020-2028) ($MN)
65 Middle East & Africa Single-use Packaging Market Outlook, By Paper and Paperboard (2020-2028) ($MN)
66 Middle East & Africa Single-use Packaging Market Outlook, By Other Material Types (2020-2028) ($MN)
67 Middle East & Africa Single-use Packaging Market Outlook, By End-user Industry (2020-2028) ($MN)
68 Middle East & Africa Single-use Packaging Market Outlook, By Beverage (2020-2028) ($MN)
69 Middle East & Africa Single-use Packaging Market Outlook, By Pharmaceutical (2020-2028) ($MN)
70 Middle East & Africa Single-use Packaging Market Outlook, By Personal Care (2020-2028) ($MN)
71 Middle East & Africa Single-use Packaging Market Outlook, By Food (2020-2028) ($MN)
72 Middle East & Africa Single-use Packaging Market Outlook, By Other End-user Industries (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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