Single-use Packaging Market Size, Status and Precise Outlook- Snapsil Corporation, Zipz Inc., Ardagh Group S.A

The Single-use Packaging Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2015 to 2026. The structured analysis contains graphical as well as a diagrammatic representation of the global Single-use Packaging Market with its specific geographical regions.

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The Single-use Packaging market was valued at USD 34.29 billion in 2020 and is expected to reach USD 47.31 billion by 2026, at a CAGR of 6% over the forecast period 2021 - 2026.

- The increasing need for small and more convenient packages, exceptional presentation, and strong visual impact are some of the factors that would contribute to the growth of single-use packaging over the forecast period.

- The growing per capita income and the changing social climate and demographics such as increasing urbanization have enabled people to live more modern lifestyles, leaving them always on the move. For instance, the urban population increased from 53.913% in 2015 to 55.271% in 2018 with the GDP per capita also increasing from USD 10,217.656 in 2015 to USD 11,298.304 in 2018.

- The increasing adoption of single-use packaging by the supermarkets is exp0ected to boost market growth over the forecast period. According to the Department for Environment, Food and Rural Affairs(DEFRA) Tesco issued the greatest number of Single-use plastic carrier bags in the 2018 -2019 financial year that numbered at 121 million while Asda issued 106.89 million Single-use plastic carrier bags.

Top leading Manufacturers Profiled in Single-use Packaging Market Report are: Snapsil Corporation, Zipz Inc., Ardagh Group S.A. amongst others

Regional Analysis for Single-use Packaging Market:

For a comprehensive understanding of market dynamics, the global Single-use Packaging market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

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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What is the Impact of Covid-19 Outbreak on the Single-use Packaging?

- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Single-use Packaging.
- Single-use Packaging Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

Frequently Asked Questions about the Single-use Packaging market:

- What are the recent developments and government policies?
- What are the top trends in the Single-use Packaging market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the Single-use Packaging market?
- Which region would offer high growth for vendors in the market?

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The research includes historic data from 2015 to 2021 and forecasts until 2026 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.

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