Single-Use Plastic Packaging Market

Single-Use Plastic Packaging Market is accounted for USD 34,290 million in 2020, growing at a robust CAGR of 6% during forecast period.

Introduction of the Single-Use Plastic Packaging Market Report

The rising need for packaging for the food & beverage industry due to growing consumption, urbanization and busy lifestyles has boosted the demand for single-use plastic packaging. Strength, transparency, flexibility, easy availability etc, have led to the adoption of single-use plastic packaging across various industries. In addition, single-use plastic also offers a suitable packaging material for transportation and shipment.

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Market Dynamic 

Key Drivers and Emerging Trends

Single-use plastics are being utilized because of their lightweight and solid properties as single-use plastic packaging does not degrade in the extreme environments and can survive changes in temperature which makes it an excellent packaging material. Moreover, single-use plastic packaging finds its application in several industries such as food and beverages, healthcare among others. For instance, it is used in bundling of clinical supplies, needles, medications, and instruments in healthcare industry. Rising trend of online shopping among the growing economies further boost the growth of this market. For instance, according to Citibank, worldwide around 400 million tons (mmt) of plastics are created a year, with approximately one third is utilized for packaging. This factor has been attributed to the growth of global single-use plastic packaging.

Restraint in the Single-Use Plastic Packaging Market

The rules and regulation made by the government regarding the use of plastics has hampered the growth of single-use plastic packaging. For instance, in 2019, New York imposed a ban on single-use plastic bags, which came into effect from March 2020. Moreover, presence other alternatives such as recycled cardboard packaging, recycled paper is also hampering the growth of this market.

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By Type – Segment Analysis

Based on the Type, rigid packaging is expected to grow at a higher CAGR rate in the global Single-Use Plastic Packaging market during the forecast period. This can be attributed to the increasing demand for high-density polyethylene (HDPE), polyethylene terephthalate (PET) and polyvinyl chloride (PVC) bottles for packaging soft drinks, drinking water, juices, etc. Additionally, factors like high obstruction to light, moisture, and oxygen given by the rigid product further boost the growth of this segment.

By Application – Segment Analysis

Based on the Application, food & beverage is projected to grow at a higher CAGR rate over the forecast period in the global Single-Use Plastic Packaging market due to growing preference of functional food such fruits, vegetables, nuts etc and easy availability of these products will propel the growth of this segment. Moreover, rising trend of online food ordering further boost the growth of this market. Furthermore, growing concern towards health, wellbeing and prosperity and expanded mindfulness regarding waterborne infections combined with rising spending limits have pushed the interest in packaging drinking water across the globe further boost the growth of this segment.

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By Regional – Segment Analysis:

Based on the region, Asia Pacific region is expected to grow at a higher CAGR rate in the global Single-Use Plastic Packaging market owing to growing manufacturing industry in key economies like China, India, Vietnam, South Korea, and Thailand. China stands to be the largest user in the Asia Pacific market due to its high demand for single use plastics in food packaging, transportation, healthcare, and others.

Top Market Players 

Various notable players operating in the market, include, Amcor plc, Zipz, Inc., Transcontinental Inc., Ardagh Group S.A., Winpak Ltd., SNAPSIL® Corporation, Coveris, Immer Ltd., ProAmpac., Sealed Air, among others.

Key Developments:

• • In June 2021, Kimberly-Clark India has launched Project Ghar in partnership with the Plastics for Change India Foundation, to recycle single use plastics to build houses.
  • In April 2020, The Graphic Packaging Holding Company, a packaging solutions provider to foodservice, and other consumer products companies. Graphic Packaging, has announced the closer of its previously announced acquisition of Consumer Packaging Group Business from Greif, Inc.

Segments covered in the Report:

The global Single-Use Plastic Packaging market has been segmented on the basis of Type, Application, Material, and regions. Based on Type, the market is segmented into Rigid and Flexible. Based on Application, the market is segmented into Food & Beverages, Industrial Packaging, Pharmaceuticals, Personal & Household Care and others. Based on Material, the market is segmented into High-density polyethylene (HDPE), Low-density polyethylene (LDPE), Polyethylene terephthalate (PET), Polypropylene (PP), Polystyrene (PS) and Expanded Polystyrene (EPS).

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Key questions answered in this research report:

• • At what pace is global Single-Use Plastic Packaging market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Single-Use Plastic Packaging market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Single-Use Plastic Packaging market?
  • Which Type generated maximum revenues in 2020 and identify the most promising Type during the forecast period?
  • What are the various Application areas of global Single-Use Plastic Packaging market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Single-Use Plastic Packaging Market by Type

• • Rigid
  • Flexible

Global Single-Use Plastic Packaging Market by Application

• • Food & Beverages
  • Industrial Packaging
  • Pharmaceuticals
  • Personal & Household Care
  • Others

Global Single-Use Plastic Packaging Market by Material

• • High-density polyethylene (HDPE)
  • Polypropylene (PP)
  • Low-density polyethylene (LDPE)
  • Polystyrene (PS)
  • Polyethylene terephthalate (PET)
  • Expanded Polystyrene (EPS)

Global Single-Use Plastic Packaging Market by Region

• • North America Single-Use Plastic Packaging Market (Option 1: As a part of the free 25% customization)
    • North America Single-Use Plastic Packaging Market by Type
    • North America Single-Use Plastic Packaging Market by Application
    • North America Single-Use Plastic Packaging Market by Material
    • US Single-Use Plastic Packaging Market All-Up
    • Canada Single-Use Plastic Packaging Market All-Up
  • Europe Single-Use Plastic Packaging Market (Option 2: As a part of the free 25% customization)
    • Europe Single-Use Plastic Packaging Market by Type
    • Europe Single-Use Plastic Packaging Market by Application
    • Europe Single-Use Plastic Packaging Market by Material
    • UK Single-Use Plastic Packaging Market All-Up
    • Germany Single-Use Plastic Packaging Market All-Up
    • France Single-Use Plastic Packaging Market All-Up
    • Spain Single-Use Plastic Packaging Market All-Up
    • Rest of Europe Single-Use Plastic Packaging Market All-Up
  • Asia-Pacific Single-Use Plastic Packaging Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Single-Use Plastic Packaging Market by Type
    • Asia-Pacific Single-Use Plastic Packaging Market by Application
    • Asia-Pacific Single-Use Plastic Packaging Market by Material
    • China Single-Use Plastic Packaging Market All-Up
    • India Single-Use Plastic Packaging Market All-Up
    • Japan Single-Use Plastic Packaging Market All-Up
    • Rest of APAC Single-Use Plastic Packaging Market All-Up
  • RoW Single-Use Plastic Packaging Market (Option 4: As a part of the free 25% customization)
    • RoW Single-Use Plastic Packaging Market by Type
    • RoW Single-Use Plastic Packaging Market by Application
    • RoW Single-Use Plastic Packaging Market by Material
    • Brazil Single-Use Plastic Packaging Market All-Up
    • South Africa Single-Use Plastic Packaging Market All-Up
    • Saudi Arabia Single-Use Plastic Packaging Market All-Up
    • UAE Single-Use Plastic Packaging Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Single-Use Plastic Packaging Market All-Up

Major Players Operating in the Single-Use Plastic Packaging (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Amcor plc
  • Zipz, Inc.
  • Transcontinental Inc.
  • Ardagh Group S.A.
  • Winpak Ltd.
  • SNAPSIL Corporation
  • Coveris
  • Immer Ltd.
  • ProAmpac.
  • Sealed Air