What Is The Current and Historic Market Size Analysis Of The Single-Use Packaging Market?
The single-use packaging market has seen considerable growth due to a variety of factors.
• The market size for single-use packaging has seen robust growth in the past few years. Its size is projected to expand from $33.14 billion in 2024 to $35.79 billion in 2025, seeing a compound annual growth rate (CAGR) of 8.0%.
Factors contributing to its growth in the past include the appeal of convenience and mobile lifestyles, minimizing environmental harm, ensuring food safety and longevity, advances in the food and beverage sector, change in customer inclinations, enforcement of regulations and industry norms, and the rise of e-commerce and delivery services.
What Are The Predictions for The Single-Use Packaging Market Size In The Coming Years?
The single-use packaging market is expected to maintain its strong growth trajectory in upcoming years.
• Significant expansion is anticipated in the single-use packaging market in the upcoming years, with an expected value of $50.34 billion by 2029, reflecting a compound annual growth rate (CAGR) of 8.9%.
This growth during the projected period can be linked to various factors including the preference for sustainable and environmentally friendly single-use packaging, the growing demand for single-serve items, the rise in e-commerce packaging solutions, advancements in food traceability and safety, customization and personalisation in packaging, the aging population's need for convenient packaging. The future trends encompass smart packaging incorporating RFID and QR code technology, anti-counterfeiting measures in single-use packaging, edible and soluble packaging materials, tailor-made nutritional and portion-regulated packaging, the use of blockchain technology for transparent tracking of the supply chain, as well as augmented reality packaging that offers interactive experiences.
What Are The Essential Drivers Behind The Growth Of The Single-Use Packaging Market?
The rise in the number of food retail chains, hotels, and restaurants is set to push the expansion of the single-use packaging sector. Food retail chains denote a system of interconnected shops that offer various food items, whereas hotels and restaurants supply prepared meals, beverages, and different on-site dining choices to customers. Single-use packaging is critical in maintaining food quality and guaranteeing the successful transportation of meals for to-go and delivery orders. For example, data from the US Bureau of Labor Statistics in August 2023 stated that the count of establishments in the food services and drinking places in the private sector for the final quarter of 2022 elevated to 694,267, marking a growth of 4.28% compared to the 665,736 establishments recorded during the same timeframe in 2021. Hence, the growth in the count of food retail chains, hotels, and restaurants will fuel the expansion of the single-use packaging sector.
How Is The Global Single-Use Packaging Market Divided Into Key Segments?
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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What Trends Are Reshaping The Future Of The Data Market?
The rise of recyclable packaging solutions is a principal trend gaining traction in the single-use packaging market. Mainstream corporations in the single-use packaging industry are intent on integrating new breakthroughs to cater to customer needs. For example, Amcor plc., a Swiss-based firm that manufactures single-use packaging materials, unveiled its paper-based packaging product called AmFiber in January 2022. AmFiber offers a vast array of recyclable paper-based packaging solutions particularly for snack and confectionery consumers, endowed with excellent barriers against oxygen and moisture.
Who Are the Key Players 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
What are the Regional Insights into the Single-Use Packaging Market?
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.
