Press release
Single-Use Packaging Market: Strong Growth Driven by Eco-friendly Packaging and E-commerce Solutions
Single-Use Packaging Market
What Is The Projected Market Size Of The Global Single-Use Packaging Market And Its Growth Rate?
The global single-use packaging market promises robust growth, with key market size metrics detailed below:
• 2024 Market Size: $33.14 billion
• 2025 Market Size: $35.79 billion at 8.0% CAGR
• Expected 2029 Market Size: $50.34 billion at 8.9% CAGR
This growth can be attributed to a host of factors, including convenience and on-the-go lifestyles, food safety measures, the expansion of the e-commerce sector, and a shifting preference towards sustainable and eco-friendly packaging.
What Is Driving The Growth In The Single-Use Packaging Market?
The market growth is primarily driven by a rising number of food retail chains, restaurants, and hotels. The freshness and safe delivery of food rely heavily on single-use packaging. For example, the number of establishments in food services and drinking places increased by 4.28% in the 4th quarter of 2022. As the number of foodservice establishments continues to rise, so will the demand for single-use packaging.
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Who Are the Key Players Driving Single-Use Packaging Market Growth?
Key players in the market include:
• Chevron Corporation
• SNAPSIL Corporation
• Transcontinental Inc.
• Sealed Air Corporation
• Amcor plc.
• Dart Container Corporation
• Zipz Inc.
• Tetra Pak International S.A.
• Winpak Ltd.
• Mondi Group
• And Others
What Are The Key Trends In The Single-Use Packaging Market?
Some prominent market trends include:
• Adoption of Smart Packaging with RFID and QR code technology
• Anti-counterfeiting features in packaging
• Development of Edible and Dissolvable Packaging Materials
• Personalized Nutritional and Portion-Controlled Packaging
• Use of Blockchain for Transparent Supply Chain Tracking
• Augmented Reality Packaging for Interactive Experiences
What Are The Segments Of The Global Single-Use Packaging Market?
The market is segmented:
1) By Product: Rigid Packaging, Flexible Packaging
2) By Material Type: Paper and Paper Board, Plastic, Glass, Other Material Types
3) By End-User Industry: Food, Beverage, Personal Care, Pharmaceutical, Other End-User Industries
Which Region Leads The Single-Use Packaging Market?
In 2024, Asia-Pacific dominated the single-use packaging market. The regions analyzed in this market include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Single-Use Packaging Market Global Market Report?
- Market Size Analysis: Analyze the Single-Use Packaging Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Single-Use Packaging Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Single-Use Packaging Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Single-Use Packaging Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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