5 Key Takeaways From The Single-Use Packaging Market Report 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Single-Use Packaging Global Market Report 2023, the single-use packaging market is expected to show significant growth in the forecast period.
Key insights from the single-use packaging market forecast include:
- Market Size
The global single-use packaging market is set to rise from $28.41 billion in 2022 to $30.77 billion in 2023, with an 8.3% CAGR. By 2027, it’s projected to reach $39.98 billion, growing at a 6.8% CAGR.
- Major Driver
The need for compact, portable packaging drives single-use packaging market growth. In 2020, major UK retailers sold 226 million single-use plastic bags, with each person using an average of 4 bags per week. This surge in demand for convenient, smaller packages fuels market expansion.
View More On The Single-Use Packaging Market Report 2023 – https://www.thebusinessresearchcompany.com/report/single-use-packaging-global-market-report
- Key Trend
The recyclable packaging solutions trend is growing in the single-use packaging market. Leading companies innovate to meet consumer needs. In January 2022, Amcor launched AmFiber, offering recyclable paper-based packaging solutions with high oxygen and moisture barriers for snack and confectionery customers.
- Major Players
Major players in the single-use packaging market are Ardagh Group S.A., WINPAK Ltd., SNAPSIL Corporation, Transcontinental Inc., Sealed Air, Amcor PLC, Dart Container Corporation, Zipz Inc., Tetra Pak, Winpak Limited, and Mondi.
- Top Market Segments
The global single-use packaging market is segmented –
1) By Product: Rigid Packaging, Flexible Packaging
2) By Material Type: Paper and Paper Board, Plastic, Glass, Other Material Types
3) By End-User Industry: Food, Beverage, Personal Care, Pharmaceutical, Other End-user Industries
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The Single-Use Packaging Global Market Report 2023 provides an in-depth analysis on the single-use packaging market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the single-use packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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