Single-use Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
Single-use Packaging Market – Overview
The growth in the single-use packaging market has been growing rapidly because of a lot of factors. One of the prominent growth factors includes the constant change in lifestyles. Customers around the world are expecting more portable, timely, and convenient solutions. In addition to this, these people are also looking for the snackification of the mealtimes. These factors further lead to an increased requirement for a smaller amount of food consumption at different times per day. It further necessitates multiple packing packs and growing consumption of the packaging material. Owing to these factors, the market has been projected to expand at a noticeable speed in the near future.
The global market is also estimated to grow with the rising industrialization in the packaging industry which is done for the reduction in costs and lower material consumption. Furthermore, these solutions are also helpful to reduce the costs of transportation and also assist in waste reduction. These factors are likely to drive growth avenues in the global market in the upcoming years.
Single-use Packaging Market – Key Drivers
In recent years, there has been an increasing trend for grazing around the world that is further accelerating the transition of food and food items into smaller groups. This global trend also appeals to the calorie-conscious and health-conscious public. So, there has been an increased demand for ready-to-eat food along with reasonable portions. Flexible, small snack packs, as well as single-serve quantities of the breakfast cereal, are the major examples of the food products that satisfy consumer needs. So, based on these factors, the single-use packaging market has been predicted to grow at a noticeable speed in the foreseeable years.
There has been a change in the demographics that has further resulted in the smaller average home sizes. Along with this, there has been an increasing emphasis on the requirement for the packaging solutions which fulfil the requirement to reduce the wastage of food. These factors are likely to drive growth opportunities in the single-use packaging market in the near future.
Single-use Packaging Market – Recent Developments and Key Players
The single-use packaging market has been marked due to the presence of prominent players that are serving in regional as well as global areas. Their presence in the market is making the industry nature fragmented. Furthermore, these players are also taking into consideration certain novel growth strategies in order to achieve their pre-defined goals. Along with these factors, the rising penetration of the international market players and increasing awareness among consumers related to the industry brands are also driving new growth opportunities in the market. Novel product launches, mergers or tie-ups, product portfolio expansion, and the rising count of the R & D activities in enhancing the company portfolio are some strategies that are also adopted by these key market players to generate lucrative opportunities in the coming years.
For instance, Amcor has announced to open its greenfield packaging facility in December 2021 in Tuas, Singapore. This dedicated facility of the healthcare packaging solutions is likely to address future and present requirements of the market across the region.
Some of the key players in the single-use packaging market are:
Single-use Packaging Market – Regional Assessment
The single-use packaging market has been serving in various regions across the world. The prominent regions in the market include the Middle East & Africa, North America, Asia Pacific, South America, and Europe. Asia Pacific among these global regions has been projected to hold the largest share of the international economy. This dominance is owing to the increasing manufacturing in the food and beverage, cosmetic, pharma, and electronics industry. In addition to this, China owns a huge market of cosmetics with increased consumption on the local platform and a major contribution to exports as well. Furthermore, Japan is also a prominent hub for manufacturing high-quality products. So, based on these factors, the single-use packaging market has been anticipated to expand at a noticeable speed in the upcoming years.
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report