Single-use Packaging Market Huge Growth Opportunities and Demand 2021 to 2025

The Single-use Packaging Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Single-use Packaging market was valued at USD 34.29 billion in 2019 and is expected to reach USD 47.31 billion by 2025, at a CAGR of 6% over the forecast period 2020 - 2025.

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Top Leading Companies of Global Single-use Packaging Market are Ardagh Group S.A., Bemis Company Inc.(AMCOR), Winpak Limited, Zipz Inc., Snapsil Corporation, Transcontinental Inc. and others.

Key Market Trends:

Plastic Segment is Expected to Register a Decline in the Market Share

- The increasing initiatives by the government and the related regulatory bodies to curb the plastic waste disposal into the environment and to reduce its footprint is expected to hinder the single-use plastic packaging market over the forecast period.
- In April 2019, New York imposed a statewide ban on single-use plastic bags and the law is expected to take effect from March 2020. Also, Hawaii proposing a bill that would prohibit the restaurants and government agencies from using plastic items such as bottles, straws, utensils and foam containers, by 2022.
- Industries, such as e-commerce, food & beverage, and logistics, which rely greatly on plastics for packaging would have to look for alternatives to keep their businesses up and running. or instance, during the ten days of the Alibaba's Double 11 shopping festival, Chinese consumers received nearly 1.9 billion packages.
- However, this ban presents an opportunity for plastic manufacturers to develop a biodegradable packaging solution that enables them to support their business activities.

North America is Expected to Show a Slow Growth Owing to Ban on Plastics

- The government and the related regulatory bodies, in order to curb the plastic footprint of the region, have formed new regulations and strategies that would enable them to achieve its objective. This would hamper the growth of single-use packaging market over the forecast period.
- In June 2018, the council of Vancouver initiated a Single-Use Item Reduction Strategy aimed at reducing the impact of Foam cups and foam take-out containers, Plastic and paper shopping bags, Disposable hot and cold drink cups, Take-out food containers, plastic straws, and Single-use utensils.
- Also in May 2019, state senate in the state assembly passed the SB-54 and its companion bill, AB-1080. These bills enact the California Circular Economy and Plastic Pollution Reduction Act, with the bills requiring the manufacturers and retailers of single-use packaging or priority single-use plastic products to source reduce those products and ensure that those products are recyclable or compostable.
- However, the increasing GDP per capita of the region poses as a lucrative opportunity for the single-use packaging providers to innovate their offering that enables them to comply with the growing stringent regulations being enacted by the government. According to World Bank, the GDP per capita of the United States in 2018 was USD 62,641.015 as compared to USD 56,803.472 in 2015.

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Highlights of the Single-use Packaging Market Report:

– Detailed overview of Single-use Packaging Market
– Changing the Single-use Packaging market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current and projected Single-use Packaging market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Single-use Packaging Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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

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