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Surge In Food Retail Chains, Restaurants, And Hotels Boosts The Single-Use Packaging Market Emerges as a Core Driver of the Single-Use Packaging Market in 2025
Single-Use Packaging Market
What Is the Expected CAGR for the Single-Use Packaging Market Through 2025?
The market size for single-use packaging has seen robust growth in the past few years. From a valuation of $33.14 billion in 2024, it's expected to rise to $35.79 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.0%. The drivers behind this historic growth include factors such as the emergence of convenient on-the-go lifestyles, decrease in environmental impact, enhancement of food safety and preservation, the expansion of the food and beverage industry, shifting consumer preferences, established regulations and industry norms, and the growth of e-commerce and delivery services.
What's the Projected Size of the Global Single-Use Packaging Market by 2029?
Continued expansion is projected for the single-use packaging market in the coming years. By 2029, the market is predicted to value $50.34 billion, indicating a compound annual growth rate (CAGR) of 8.9%. Factors contributing to this surge during the forecast period include the rise of sustainable and eco-friendly single-use packaging, growing demand for single-serve items, solutions for e-commerce packaging, improved food safety and traceability, customized packaging, an aging demographic, and ease of packaging. The forecast period will also see emerging trends like smart packaging incorporating RFID and QR codes, anti-counterfeit measures within single-use packaging, materials for packaging that can be eaten or dissolved, personalized nutritional packs with portion control, blockchain for increased supply chain visibility, and packaging featuring augmented reality for interactive experiences.
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Top Growth Drivers in the Single-Use Packaging Industry: What's Accelerating the Market?
The single-use packaging market's expansion is predicted to be fueled by the growing number of food retail chains, eateries, and hospitality establishments. Food retail chains entailing a range of stores connected to provide a variety of food items, as well as restaurants and hotels catering prepped meals, drinks, and lodging with diverse on-site dining services form the basis of this growth. Single-use packaging is vital in maintaining food's freshness and guaranteeing secure delivery for takeaway and delivery requests. As per the US Bureau of Labor Statistics, a federal, fact-finding US agency, in August 2023, there were 694,267 establishments in the private industry's food services and drinking places for the 4th quarter of 2022, marking a 4.28% rise from the 665736 in the same span in 2021. Therefore, the escalating number of food retail chains, restaurants, and hotels are set to spur the growth of the single-use packaging market.
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What Trends Will Shape the Single-Use Packaging Market Through 2029 and Beyond?
The rising trend of recyclable packaging solutions is becoming significantly popular in the single-use packaging market. Major firms in the single-use packaging industry are concentrating their efforts on bringing new innovative solutions to satisfy consumer needs. For example, Amcor plc., a Swiss manufacturer of single-use packaging materials, introduced its paper-based product named AmFiber in January 2022. AmFiber offers an extensive range of recyclable paper-based packaging options for snacks and confectionery customers, providing a high resistance to oxygen and moisture.
What Are the Main Segments in the Single-Use Packaging Market?
The single-use packaging market covered in this report 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
Subsegments:
1) By Rigid Packaging: Containers, Trays, Boxes
2) By Flexible Packaging: Pouches, Films, Bags, Wrappers
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Which Top Companies are Driving Growth in the Single-Use Packaging Market?
Major companies operating in the single-use packaging 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, WestRock Company, Sustainable Packaging Industries, Noissue.co, Gualapack S.p.A., ExxonMobil Corporation, China Petroleum & Chemical Corporation (Sinopec), Dow Inc., Indorama Ventures Public Company Limited, Saudi Basic Industries Corporation (SABIC), LyondellBasell Industries N.V., Koninklijke Philips N.V., Kuwait Petroleum Corporation, China National Petroleum Corporation (CNPC), Valero Energy Corporation, Saudi Arabian Oil Company (Saudi Aramco), PetroChina Company Limited
Which Regions Will Dominate the Single-Use Packaging Market Through 2029?
Asia-Pacific was the largest region in the single use packaging market in 2024. The regions covered in the single-use packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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