According to Fortune Business Insights the global single use packaging market size was valued at USD 554.14 billion in 2023. The market is projected to grow from USD 583.21 billion in 2024 to USD 895.12 billion by 2032, exhibiting 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.

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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.

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)

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.

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.

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 Bunny. 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.

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