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Single-Use Plastic Packaging Market by Size, Share Research Report

04.21.2022 · Posted in Business News Article

Single-Use Plastic Packaging Market

Single-Use Plastic Packaging Market is anticipated to expand at a CAGR of 6% over the coming years on account of the surging demand for online food delivery services.

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Single-use plastics or disposable plastics are extremely lightweight and durable, and they do not degrade in extreme conditions. Thus, owing to these benefits, they are considered an excellent packaging material for transportation and shipment. Single-use plastics are largely used across different applications in various industries such as healthcare, and food & beverages, is one of the major factors propelling the single-use plastic packaging market. Evolving need for packaging across the food and beverage sector because of the rapid urban population and busy lifestyle has driven the market growth. Growing trend of online shopping among the developing nations will bolster the market growth. As per Citibank, nearly 400 million tons (mmt) of plastics is produced every year, out of which one third is used for packaging. However, the stringent norms enforced by the government on single-use plastics across various nations have encouraged various companies to shift their production to natural fiber-based options. This is one of the major reasons hindering Global Single Use Plastic Packaging Market Growth.

By Application, the food & beverage segment is projected to hold a notable share over the forecast period, owing to the rising concern towards health and well-being. Increasing inclination towards functional food such as vegetables, nuts, and fruits and easy accessibility of user-friendly foods will propel the market growth.

By region, the Asia Pacific region is predicted to expand at a higher CAGR over the coming years owing to the expansion in the manufacturing industry in developing nations such as India, China, South Korea, Vietnam, and Thailand.  

Single-Use Plastic Packaging Market Segmentation:

Single-Use Plastic Packaging Market by Type
  • Rigid
  • Flexible
Single-Use Plastic Packaging Market by Application
  • Food & Beverages
  • Industrial Packaging
  • Pharmaceuticals
  • Personal & Household Care
  • Others
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)
Single-Use Plastic Packaging Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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