According to Fortune Business Insights the global single use packaging market size was valued at USD 554.14 billion in 2023. The market is projected to grow from USD 583.21 billion in 2024 to USD 895.12 billion by 2032, exhibiting a CAGR of 5.50% during the forecast period. Single use packaging refers to products, such as wrappers and containers that are meant to be used once and thrown away. These products are typically made from materials, such as paper, plastics, and metal to pack foods, drinks, and medical supplies. The increasing demand for convenience among customers leading a hectic lifestyle will bolster the use of single use packaging products in various industries.
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Segmentation:
Plastic Materials Widely Used in Single Use Packaging Solutions Due to Their Affordability and Durability
Based on material, the market is segmented into plastic, paper & paperboard, metal, glass, and others. The plastic segment is dominating the market as this material offers various benefits to manufacturers and customers, such as affordability, adaptability, and high durability.
Demand for Bottles and Jars Rises Due to Ease of Transporting Liquid and Solid Products
Based on product type, the market is segmented into bags & pouches, bottles & jars, films & wraps, tableware, boxes & cartons, tapes & labels, and others. The bottles & jars segment is dominating the global market as these containers are known for offering customers the ease to transport for both solid and liquid products.
Growing Network of Hotels Fuels Product Adoption in Food & Beverage Industry
Based on end-use industry, the market is segmented into food & beverage, healthcare, consumer goods, e-commerce, and others. The food & beverage segment is holding the largest global single use packaging market share due to the increasing network of hotels, online food outlets, and restaurants, which use these packaging products.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
LIST OF KEY COMPANIES PROFILED IN THE REPORT