Single-Use Packaging Market To Grow At A CAGR Of 5.85%

Single-Use Packaging Market to Grow at a CAGR of 5.85% During 2023-2031

Straits Research has published an in-depth report on the global Single-Use Packaging Market, revealing a promising growth trajectory. The market, valued at USD 38.60 billion in 2022, is expected to grow at a CAGR of 5.85%, reaching USD 64.39 billion by 2031. The increasing adoption of single-use packaging across diverse end-use industries, driven by convenience, affordability, and evolving consumer preferences, underscores the market’s expansion.

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Key Market Drivers

Consumers increasingly prefer single-use packaging due to its portability and ease of use, aligning with modern lifestyles characterized by busy schedules and smaller households. Packaging solutions such as single-serve snack packs and ready-to-eat meals cater to growing demand for convenience and portion control while reducing food waste. The rising popularity of online food delivery services has driven demand for single-use packaging solutions. As restaurants transition away from plastic cutlery and packaging due to regulatory pressures, the market is witnessing innovation in eco-friendly alternatives such as biodegradable and recyclable materials.

Opportunities for Growth

Innovation in Sustainable Alternatives: As businesses face mounting pressure to adopt sustainable practices, opportunities abound for developing eco-friendly single-use packaging materials. Bioplastics, paper-based packaging, and other recyclable solutions are gaining traction, supported by advancements in technology and increasing consumer awareness.

Regional Insights

Asia-Pacific: Dominating the market, Asia-Pacific is set to exhibit a CAGR of 6.95% during the forecast period, driven by rapid growth in the e-commerce and food delivery sectors. China’s robust industrial base and increasing demand for recyclable materials are major contributors.
Europe: Expected to grow at a CAGR of 5.25%, Europe is witnessing a surge in demand for single-use packaging, particularly in Germany’s food service sector. Regulatory frameworks aimed at sustainability are encouraging the adoption of innovative packaging solutions.

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Market Segmentation

By Material Type:
- Plastic: The largest contributor, valued for its durability and lightweight nature, despite growing environmental concerns.
- Paper and Paper Board: A preferred eco-friendly alternative, gaining traction among environmentally conscious consumers.
- Glass and Other Materials: Including aluminum and wood, these materials cater to niche markets and regulatory compliance requirements.
By End-User Industry:
- Food: The largest segment, driven by demand for disposable containers and food-grade packaging solutions.
- Beverage: Growing adoption of single-use beverage containers and straws, with a focus on recyclability.
- Personal Care & Pharmaceuticals: Increasing use of single-use plastics for hygiene and safety in healthcare settings.

Key Players

Ardagh Group S.A.
Amcor PLC,
Winpak Limited
Dart Container Corporation
Snapsil Corporation
Transcontinental Inc

Conclusion

The global single-use packaging market is poised for significant growth, fueled by rising consumer demand for convenience, sustainability, and innovation. Despite regulatory challenges, opportunities in eco-friendly solutions present a path forward for industry leaders. Straits Research remains committed to providing actionable insights and comprehensive analyses to support stakeholders in navigating this dynamic market landscape.

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