Single Use Packaging Market Size to Be Valued at USD 895.12 Billion by 2032

The single use packaging market size was valued at USD 554.14 billion in 2023 and is expected to be worth USD 583.21 billion in 2024. The market is projected to reach USD 895.12 billion by 2032, recording a CAGR of 5.50% during the forecast period.

Single use packaging refers to products, such as wrappers and containers that are meant to be used once and thrown away. These products are typically made from materials, such as paper, plastics, and metal to pack foods, drinks, and medical supplies. The increasing demand for convenience among customers leading a hectic lifestyle will bolster the use of single use packaging products in various industries.

The COVID-19 pandemic had a positive influence on the market's progress owing to a notable rise in the demand for convenience foods.
Fortune Business Insights™ displays this information in a report titled, "Single Use Packaging Market, 2024-2032."

LIST OF KEY COMPANIES PROFILED IN THE REPORT
• Amcor plc (Switzerland)
• Berry Global (U.S.)
• Sonoco Products Company (U.S.)
• Huhtamaki (Finland)
• Gerresheimer (Germany)
• Constantia Flexibles (Austria)
• ProAmpac (U.S.)
• Graphic Packaging International, LLC (U.S.)
• Transcontinental Inc. (Canada)
• Pactiv Evergreen Inc. (U.S.)
• Tetra Pak (Switzerland)
• Sealed Air (U.S.)
• Mondi (U.K.)
• Winpak LTD. (Canada)
• PACCOR (Germany)

𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅:
https://www.fortunebusinessinsights.com/enquiry/sample/single-use-packaging-market-108340

Segmentation:

Plastic Materials Widely Used in Single Use Packaging Solutions Due to Their Affordability and Durability

Based on material, the market is segmented into plastic, paper & paperboard, metal, glass, and others. The plastic segment is dominating the market as this material offers various benefits to manufacturers and customers, such as affordability, adaptability, and high durability.

Demand for Bottles and Jars Rises Due to Ease of Transporting Liquid and Solid Products

Based on product type, the market is segmented into bags & pouches, bottles & jars, films & wraps, tableware, boxes & cartons, tapes & labels, and others. The bottles & jars segment is dominating the global market as these containers are known for offering customers the ease to transport for both solid and liquid products.

Growing Network of Hotels Fuels Product Adoption in Food & Beverage Industry
Based on end-use industry, the market is segmented into food & beverage, healthcare, consumer goods, e-commerce, and others. The food & beverage segment is holding the largest global single use packaging market share due to the increasing network of hotels, online food outlets, and restaurants, which use these packaging products.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:

The report has conducted a detailed study of the market and highlighted several critical areas, such as leading product types, end-use industries, materials, and key market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.

Drivers and Restraints:

Increasing Adoption of Paper & Paperboard Materials to Boost Market Growth
The use of paper and paperboard materials is increasing in the production of single use packaging products to help industries, such as food & beverage reduce their reliance on plastics and decrease their environmental impact. Paper-based materials are known for their biodegradability and recyclability, which will bolster their use in the production of single use packaging solutions.
However, this form of packaging creates large volumes of waste, which can increase environmental pollution, thereby hampering the single use packaging market growth.

𝑮𝒆𝒕 𝒂 𝑸𝒖𝒐𝒕𝒆:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/single-use-packaging-market-108340

Regional Insights:
Asia Pacific Dominates Global Market Due to Rapid Urbanization

Asia Pacific is leading the global market's growth due to rapid urbanization and expanding populace of middle-class. These factors have increased the demand for single use packaging solutions.
Europe is also showcasing significant growth in the global market owing to rising focus on convenience and growing innovations in packaging designs.

Competitive Landscape:
Key Market Players to Introduce Innovative Packaging Solutions to Expand Product Range

Some of the top companies operating in this market are collaborating with other firms to develop and launch new packaging solutions to cater to the unique packaging demands of various industries. This move will help them increase their current product range.

Notable Industry Development:
July 2024: Berry Global announced its collaboration with Wells Enterprises, Inc., an American ice cream manufacturer, to increase latter's range of Twist Cones frozen treats and transform it into a freezer-grade, single-serve Twist pints for Blue Bun. Made with highly recyclable polypropylene (PP) and a high-density polyethylene (HDPE) lid, the new Twist pints claim to enhance the recyclability of conventional ice-cream packaging products, which are typically made from plastic-lined paper board.

𝑹𝒆𝒂𝒅 𝑴𝒐𝒓𝒆 𝑰𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏
https://www.fortunebusinessinsights.com/single-use-packaging-market-108340

𝑹𝒆𝒍𝒂𝒕𝒆𝒅 𝑹𝒆𝒑𝒐𝒓𝒕𝒔 -

Packaging Film Market
https://www.fortunebusinessinsights.com/packaging-film-market-109386

Packaging Foams Market
https://www.fortunebusinessinsights.com/packaging-foam-market-109408

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner, Pune-411045,
Maharashtra, India.
Phone:
U.S.: US +1 833 909 2966 (Toll Free)
UK +44 808 502 0280 (Toll Free)
APAC +91 744 740 1245
Email: sales@fortunebusinessinsights.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

This release was published on openPR.