Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Single-Use Plastic Packaging Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.1% during the review period (2022 to 2027).
Evolution in packaging for the food and beverage market owing to urbanization and busy lifestyles has led to the demand for single-use plastic packaging. Transparency, strength, flexibility, easy availability and low cost have ran to the adoption of single-use plastic packaging across various industries. Further, single-use plastic packaging does not degrade in extreme environments and can survive changes in temperature which makes it an excellent packaging material for transportation and shipment. It protects the product from contamination and prevents water, grease and dirt from damaging the product. High accessibility and printability are anticipated to propel the demand for single-use plastic packaging. It often has smaller environmental footprints. Many industries demand single-use plastic packaging to prevent cross- contamination and infection. This is likely to augment the market growth of single-use plastic packaging.
Factors driving the market's growth include the growing demand for online food delivery services and the use of single-use packaging that offers enlarged convenience and utility. Single-use plastics are still being considerably used due to their lightweight and durable properties compared to other materials, despite having significant effects on the environment. However, the effect of the driver will gradually decrease once alternatives to single-use plastics gain significant traction in the market.According to the U.S. online grocery market was estimated to generate sales worth of about 95.8 billion U.S. dollars in 2020, with sales forecast to reach 187.7 billion U.S. dollars by 2024. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $80.7 billion in December, up $1.4 billion from $79.3 billion in November.
Graphic Packaging Launches OptiCycle™ Line of Non-PE Coated Foodservice Packaging
JULY 23, 2021: Graphic Packaging Holding Company (NYSE: GPK) announced the release of OptiCycle™, a new, innovative line of non-polyethylene (PE) coated, single-use foodservice packaging that provides an alternative to traditional PE and polylactic acid (PLA) coated products. The first packaging solution of its kind to be commercialized by a domestic supplier in North America, OptiCycle is made to be more easily recyclable by allowing smooth separation of the liquid barrier coating from the paper.
The Single-Use Plastic Packaging Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Bemis Company Inc., Zipz Inc., Transcontinental Inc., Ardagh Group S.A., Winpak Limited, Snapsil Corporation, Sealed Air Corporation, Coveris S.A, Ukrplastic, Flextrus AB, Ampac Holding, Dart Container Corporation, Georgia-Pacific LLC, Graphic Packaging International, Inc., Novolex, Pactiv LLCand others.
Single-Use Plastic Packaging Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Material it is segmented into
By End User it is segmented into
Region, Asia Pacific is likely to lead the single-use plastic packaging market owing to rapidly growing industries in emerging economies such as India, China and South Korea. It has high demand and high manufacturing capacity due to the large population. The large Consumer base for several industries such as food and beverage, health care, home care and personal care is expected to fuel the demand for single-use plastic packaging. In Europe and North America ban of single-use plastics is anticipated to hinder the progress of single-use plastic packaging market.
The Single-Use Plastic Packaging Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Single-Use Plastic Packaging Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 4.1% during the review period (2022 to 2027). |
By Type | By Type, it is segmented into
By Material it is segmented into
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By Application |
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By Companies | Bemis Company Inc., Zipz Inc., Transcontinental Inc., Ardagh Group S.A., Winpak Limited, Snapsil Corporation, Sealed Air Corporation, Coveris S.A, Ukrplastic, Flextrus AB, Ampac Holding, Dart Container Corporation, Georgia-Pacific LLC, Graphic Packaging International, Inc., Novolex, Pactiv LLCand others. |
Regions Covered |
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Countries Covered |
|
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 113 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Single-Use Plastic Packaging Market is studied from 2017 - 2027.
What is the growth rate of Single-Use Plastic Packaging Market?
The Single-Use Plastic Packaging Market is growing at a CAGR of 4.1% over the next 5 years.
Who are the leading key players in Single-Use Plastic Packaging Market?
Bemis Company Inc., Zipz Inc., Transcontinental Inc., Ardagh Group S.A., Winpak Limited, Snapsil Corporation, Sealed Air Corporation, Coveris S.A, Ukrplastic, Flextrus AB, Ampac Holding, Dart Container Corporation, Georgia-Pacific LLC, Graphic Packaging International, Inc., Novolex, Pactiv LLCand others.
What regions regions does this Single-Use Plastic Packaging Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Single-Use Plastic Packaging Market?
Bags, Pouches, Films, Sachets, Bottles, Cups, Others
What are the significant Applications of Single-Use Plastic Packaging Market?
Food and Beverage, Home Care, Health Care, Personal Care, Others
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SECONDARY RESEARCH
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PRIMARY RESEARCH
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MARKET ENGINEERING
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