Single Use Packaging Market Size, Share, & COVID-19 Impact Analysis By Material (LDPE (Low-Density Polyethylene), HDPE (High-Density Polyethylene), PET (Polyethylene Terephthalate), PP (Polypropylene), PS (Polystyrene), and EPS (Expanded Polystyrene), By Packaging Type (Pouches, Bags, Sachets, Bottles, Films, Cups, and Others), By End Use (Food & Beverages, Pharmaceutical, Personal Care & Cosmetics, Electronics & Electrical, and Others), and Regional Forecast, 2024-2032

Single-use packaging is used for a short time or a single-use before disposal. It is made from fossil fuel-based chemicals (petrochemicals) and is meant to be disposed of immediately. Several features such as transparency, flexibility, easy availability, and lower costs compared to other packaging solutions lead to the rapid adoption of single-use packaging across various end-use industries. Changing lifestyles and urbanization have led to the development of food & beverage, healthcare, home care, and personal care industries, thus boosting the market growth of single-use packaging.

• For instance, in January 2022, Amcor announced the launch of AmFiber, a novel platform of paper-based packaging products. AmFiber innovations intend to redefine traditional paper packaging competencies, further delivering a wider range of features and functional advantages to meet the changing requirements of consumers.

The growing food & beverages and pharmaceutical industries are the key factors driving the growth of the global single-use packaging market. The changing consumer buying behaviour owing to the virus outbreak and the increasing adoption of cheap, easy-to-use, and flexible packaging solutions contribute to expanding the single-use packaging market. Cost-efficiency and less wastage offered by single use packaging compared to several rigid packaging forms also bolster the market growth. The increasing e-commerce sector and online food delivery services development is projected to offer profitable opportunities for the single-use packaging market.

The stringent policies governments imposed worldwide hinder the growth of the global single use packaging market. The strict regulations on plastic materials such as PP, PET, and others deemed damaging to the environment have also slowed the production of single use packaging products worldwide. Waste and disposal management are the key concerns of single-use packaging among consumers and manufacturers. Moreover, market growth is obstructed as improper disposal causes environmental hazards and increases plastic pollution.

IMPACT OF COVID-19 ON THE SINGLE USE PACKAGING MARKET

The emergence of the novel coronavirus led to a long-term effect on many industries worldwide. The standstill caused rapid growth in the e-commerce industry, where packaging plays a significant role. The advent of single-use packaging for the healthcare industry is projected to boost owing to the demand for medical supplies and food & beverages due to its numerous protective & hygienic qualities. Manufacturers in various countries have resumed their production activities after lifting the blockade of COVID-19 and deciding on different master plans to boost sales of single use packaging. Thus, the single use packaging market is gaining momentum due to the easing of COVID-19 restrictions.

SEGMENTATION

KEY INSIGHTS

The report will cover the following key insights:

• Recent Advancements in the Single Use Packaging Market


• Key Industry Trends


• Regulatory Landscape for the Single Use Packaging Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

ANALYSIS BY MATERIAL

Based on material, the market is segmented into LDPE (Low-Density Polyethylene), HDPE (High-Density Polyethylene), PET (Polyethylene Terephthalate), PP (Polypropylene), PS (Polystyrene), and EPS (Expanded Polystyrene). The PP (Polypropylene) material holds the largest share of the global single use packaging market. PP is significant in offering a highly protective barrier in contradiction of both moisture and vapour. It also delays vaporization and dryness to preserve the freshness and taste of packaged foods, thus dominating the market.

ANALYSIS BY PACKAGING TYPE

The market is segmented into pouches, bags, sachets, bottles, films, and cups based on the packaging type. Bags are the leading segment of the single use packaging market. Bags are cheap, robust, and offer hygienic ways to transport goods. They consume less energy & water to produce and generate less solid waste, thus leading to the segment’s growth.

ANALYSIS BY END USE

Based on end use, the market is segmented into food & beverages, pharmaceutical, personal care & cosmetics, electronics & electrical, and others. The food & beverages industries lead the global single use packaging market due to the increasing demand for frozen and chilled food and ready-to-eat meals. Innovations in food and beverage products to meet the rising consumer demand also fosters the segment’s growth.

REGIONAL ANALYSIS

The single use packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is the dominating region of the global single use packaging market. The dominance of the Asia Pacific single use packaging market can be attributed to a well-developed food service industry and the high population rate. North America is expected to witness rapid growth in single-use packaging. The affordability and versatility of single use packaging generate demand across various end-use industries in North America, thus leading to rapid market growth. Europe will experience steady growth due to the rapid introduction of new technologies and the presence of organized retail outlets and stores. Due to the rising demand from the food & beverages industries, the Latin America single use packaging market will grow at a moderate rate. The Middle East & Africa is projected to have slow growth in the single use packaging market due to the changing consumer spending behaviours in the region.

KEY PLAYERS COVERED

The report will include profiles of key players such as Dart Container Corporation, Mondi Group, DS Smith, Sonoco Products Company, Coveris S.A., TetraPak, Snapsil Corporation, Park Industries, Rahil Foam Pvt Ltd,  Winpak Limited, Transcontinental Inc., Sealed Air Corporation, among others.

KEY INDUSTRY DEVELOPMENTS:

• March 2022 - Ardagh Group partnered with Constellation Brands Inc. to design & manufacture new and highly decorated wine bottles for its Crafters Union brand. The 360-degree decorated 750ml Claret wine bottle, manufactured by Ardagh Group, offers excellent shelf appeal in a luxurious, sustainable glass bottle.


• August 2022 - Ardagh Metal Packaging (AMP) and Gores Holdings announced they had entered into a business agreement. In the business agreement,  Gores Holdings combines with Ardagh’s metal packaging business that Ardagh Metal Packaging S.A. Ardagh Group will further hold intends to remain a committed majority and long-term company owner.


• March 2022 - Winpak Ltd. collaborated with PureCycle Technologies Inc. Under the collaboration, PureCycle Technologies Inc. provides Winpak with Ultra-Pure Recycled (UPR) Polypropylene (PP) from its newest capability in Georgia. The partnership will also facilitate the company to deliver brands with sustainable packaging solutions, including PCR polypropylene, and deliver recyclable product.