Single Use Plastic Packaging Market Latest Trends, Demands and Business Growth Analysis 2021 to 2025

The report presents an in-depth assessment of the Single Use Plastic Packaging Market including enabling technologies, key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Single Use Plastic Packaging investments from 2021 till 2025.

The Single-use Plastic Packaging market is expected to reach a CAGR of approximately 4.2% over the forecast period 2020 - 2025.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Single Use Plastic Packaging Market: Dart Container Corporation, Georgia-Pacific LLC, Graphic Packaging International, Inc., Novolex, Pactiv LLC

Key Developments:

In April 2020, Graphic Packaging Holding Company, a provider of packaging solutions to food, beverage, foodservice, and other consumer products companies, through its primary U.S. operating company, Graphic Packaging International, LLC, announced the close of its previously announced acquisition of the Consumer Packaging Group Business from Greif, Inc.

Market Overview:

 Single-use plastic has several advantages over other substrates, including weight, affordability, versatility, and energy required to produce. Looking at durability, plastic has high strength-to-weight and strength-to-stiffness ratios, which allow it to outperform some metals on a pound-for-pound basis. This creates opportunities for single-use plastic in the packaging industry. According to Citibank, Globally approximately 400 million tonnes (mmt) of plastics are produced a year, with roughly one-third used for packaging applications.
- The foodservice industry is one of the prominent end-user industries that hold a significant share in the cups and bottles market. The growth of online food delivery services augmented the demand for food cups and portion cups. According to the US Census Bureau, the total foodservice sales in the United States amounted to USD 6.02 million.

Regional Analysis:

For comprehensive understanding of market dynamics, the global Single Use Plastic Packaging Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Key Market Trends
PET is Expected to Witness Significant Growth
- PET, among the raw material resin, is the dominant material capturing a market segment of more than 80% due to the easiness with which the physical property is altered to suit a wide variety of customer's needs while maintaining low costs.
- Polyethylene terephthalate (PET) is used for the carbonated drinks packaging due to its high impact resistant nature and improved moisture and gas barrier properties. They have a rigid structure with high strength. _Moreover, compared to high-density polyethylene (HDPE) packaging, the glossy appearance of PET bottles with ultraviolet barriers often stand out for extending the shelf life of products, making the glass-like transparency a standard for a variety of packaging.
- For instance, Coca-Cola, in its annual reports for 2018 and 2019, mentioned that the unit volume sales of its CSD were 3.306 billion unit cases in 2018 and 3.44 billion in 2017. The company has claimed to be the most significant player in the North American region, with a market share of 43% in 2018. However, looking at the increasing emphasis on lowering the use of single-use plastic and bans associated with the same, the company has taken initiatives and also stated that it would recycle as many bottles as it uses by 2030, to use 50 percent recycled materials in packaging by that date and to optimize it's waste disposal methods.

The report has 150 tables and figures browse the report description and TOC:

https://www.marketinsightsreports.com/reports/10192356015/single-use-plastic-packaging-market-growth-trends-and-forecasts-2020-2025?Mode=48       

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Single Use Plastic Packaging Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Single Use Plastic Packaging Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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