PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1363857
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1363857
The global Single-use Packaging Market refers to the market that encompasses the production, distribution, and consumption of packaging materials designed for one-time or limited use. Single-use packaging is typically used to package and protect products for a single use or a short duration, after which it is disposed of. The growth of the global single-use packaging market is influenced by several factors, including population growth, urbanization, changing consumer preferences, convenience-driven lifestyles, and the rise of online shopping. However, there is also an increasing focus on sustainability and environmental concerns related to the disposal and waste generated by single-use packaging.
An analysis studying the environmental impact of single-use and reusable bottles for carbonated soft drinks has revealed that using PET bottles with a recycled content of 40%-60% may lead to emissions reductions of 32%-48% compared to bottles made from virgin materials. As a result, companies in the market are placing a strong focus on enhancing the recyclability of PET single-use packaging to comply with regulations and establish a closed-loop recycling system. The growing emphasis on recycling these materials is expected to create growth opportunities for PET single-use packaging. In February 2021, Coca-Cola introduced a 13.2-oz. bottle made entirely from 100% recycled PET (rPET) plastic for its trademark brands such as Coke, Diet Coke, Coke Zero Sugar, and Coca-Cola Flavors. Initially launched in California, Florida, and select states in the Northeast, other sparkling beverage brands are set to follow suit in the summer. This initiative highlights the industry's commitment to incorporating recycled materials into packaging and promoting sustainable practices. However, the high cost of Single-use Packaging stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Single-use Packaging Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America has a significant market share in the single-use packaging market, driven by the presence of established industries such as food and beverages, healthcare, and e-commerce. The region is witnessing a growing demand for convenient and on-the-go packaging solutions. There is also increasing emphasis on sustainable packaging practices and regulations promoting the use of recyclable materials. The Asia-Pacific region is experiencing fastest growth in the single-use packaging market due to factors such as population growth, urbanization, and changing consumer lifestyles. The rise of the middle class and the increasing adoption of packaged food and beverages are driving the demand for single-use packaging solutions. There is a growing awareness of sustainability, leading to the development and adoption of environmentally friendly packaging alternatives.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Material Type offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable