PUBLISHER: Grand View Research | PRODUCT CODE: 1701640
PUBLISHER: Grand View Research | PRODUCT CODE: 1701640
The global monomaterial packaging market size is anticipated to reach USD 6.50 billion by 2030 and is anticipated to expand at a CAGR of 8.01% during the forecast period, according to a new report by Grand View Research, Inc. The market for mono-material packaging is being propelled by heightened concerns about sustainability, regulatory demands, and advancements in technology. Rising consumer interest in recyclable packaging, along with Extended Producer Responsibility (EPR) laws and prohibitions on single-use plastics, is driving brands to adopt sustainable alternatives.
Leading brands and retailers like Unilever, Nestle, and P&G are continuously engaging in the development of mono-material packaging to fulfill their sustainability goals. The financial advantages of simplified recycling operations and enhanced local sources of materials will further drive adoption. As advancements in coating and processing techniques develop, monomaterial packaging will be vital in influencing the future of circular economy efforts and environmentally friendly packaging solutions.
Governments worldwide, especially in the EU, U.S., and Canada, are anticipated to implement stricter regulations on packaging waste, driving a faster transition. Future developments in mono-material plastics such as PP, PE, and PET are projected to improve barrier characteristics and durability, increasing their suitability for use in the food, beverage, and pharmaceutical sectors. The growth of e-commerce is likely to further boost the need for flexible, recyclable packaging options.
Advancements in monomaterial films and coatings will strengthen barrier properties, rendering them more appropriate for use in food and beverage, pharmaceuticals, and personal care industries. Furthermore, the rising need for lightweight and economical packaging in e-commerce and logistics will drive companies to create recyclable monomaterial flexible packaging.