Growth Projections for the Single-Use Packaging Market
The single-use packaging market is projected to increase from USD 37.48 billion in 2022 to USD 63.74 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.46% from 2023 to 2032.
Download Statistical Data: https://www.towardspackaging.com/download-statistics/5105
Report Highlights: Important Revelations
- Global single-use packaging market is poised for growth, starting at a value of USD 37.48 billion in 2022.
- The market is expected to surge, reaching an estimated value of USD 63.74 billion by 2032.
- This expansion is growing at a consistent CAGR of 5.46% over the period from 2023 to 2032.
- Asia Pacific’s influence on the global single-use packaging scene.
- Projecting growth in North America’s single-use packaging sector.
- Investigating the environmental impact of single-use plastic packaging.
- Changing dynamics of single-use packaging in the food and beverage industry.
Anticipating Expansion in North America’s Single-Use Packaging Market
The North American single-use packaging sector is poised for significant growth, driven by a consumer preference for smaller, more convenient packaging options that also possess eye-catching visual appeal. This category includes a wide array of products such as bags, straws, trays, boxes, plates, coffee stirrers, bottles, and various types of food packaging designed for single use before disposal or recycling. The industry is experiencing steady growth, particularly in the United States and Canada, where single-use packaging is favored for its affordability, versatility, and applicability across numerous end markets.
A major contributor to this growth is the pharmaceutical industry in the U.S., where single-use plastic packaging plays a crucial role in medications and medical supplies by minimizing contamination risks. Furthermore, the beverage packaging segment, especially for single-use formats, is expected to expand due to increasing demand for bottled beverages, soft drinks, alcoholic beverages, ready-to-drink options, and milk. Key factors driving this growth include the rise of e-commerce and online food delivery services, where disposable packaging offers convenience and efficiency. Despite growing environmental concerns, the lightweight and durable characteristics of single-use packaging continue to enhance its popularity.
For example, in July 2022, Coca-Cola Company announced an ambitious goal as part of its World Without Waste initiative, aiming for 25% of its global product volume to be offered in reusable packaging by 2030.
However, challenges such as the ongoing conflict between Russia and Ukraine have disrupted supply chains by restricting food shipments from the region and increasing commodity prices, affecting profit margins in packaging materials. Despite these obstacles, the single-use packaging market in North America remains dynamic and adaptable to evolving consumer preferences and market conditions.
Exploring the Ecological Footprint of Single-Use Plastic Packaging
Single-use plastic bags (SUPBs) are ubiquitous worldwide, sparking ongoing debates about their environmental impact. While alternatives like cotton and paper bags are often viewed as more eco-friendly, they come with their own environmental costs, and may not always outperform plastic bags in every category.
For instance, the same environmental effects attributed to SUPBs can be mitigated by reusing thicker polypropylene (PP) bags approximately 10 to 20 times, or slimmer polyethylene (PE) bags around 5 to 10 times. This highlights the importance of the longevity of bags and the necessity for users to actively reuse them multiple times.
In August 2022, Duro, a new brand under Novolex, introduced two tamper-proof paper bags—the Load & Fold Shopping Bags and Load & Seal Shopping Bags—designed to offer a more secure delivery and transportation option for food service and retail businesses.
Comparative analyses of single-use polyethylene bags made from renewable resources versus traditional SUPBs reveal that the former often performs better in terms of climate impact. However, they still present challenges related to littering, contributing to environmental eutrophication and acidity. This discussion underscores the complex trade-offs involved in evaluating the environmental impacts of various bag materials. While it is vital to reduce reliance on single-use plastic bags, it is equally important to assess the ecological footprint of alternative materials throughout their entire life cycle. Embracing reusable bags and promoting responsible consumer behaviors are crucial sustainable practices that can help mitigate the adverse environmental effects associated with shopping bags.
Market Segments
By Material
- Plastic
- Paper and Paper board
- Glass
- Others
By Type
- Food & Beverage
- Personal Care
- Pharmaceuticals
- Others
By Region
- North America
- Europe
- Asia Pacific
- LAMEA
Buy Premium Global Insight: https://www.towardspackaging.com/price/5105
Get the latest insights on packaging industry segmentation with our Annual Membership – https://www.towardspackaging.com/get-an-annual-membership
If you have any questions, please feel free to contact us at sales@towardspackaging.com
About Us
Towards Packaging is a leading global consulting firm specializing in providing comprehensive and strategic research solutions. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. We stay abreast of the latest industry trends and emerging markets to provide our clients with an unrivalled understanding of their respective sectors. We adhere to rigorous research methodologies, combining primary and secondary research to ensure accuracy and reliability. Our data-driven approach and advanced analytics enable us to unearth actionable insights and make informed recommendations. We are committed to delivering excellence in all our endeavours. Our dedication to quality and continuous improvement has earned us the trust and loyalty of clients worldwide.
Browse our Brand-New Journal:
https://www.towardshealthcare.com
https://www.towardsautomotive.com
For Latest Update Follow Us: https://www.linkedin.com/company/towards-packaging/
Get Our Freshly Printed Chronicle: https://www.packagingwebwire.com/