Single Use Plastic Packaging Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Single-use plastics, also known as disposable plastics, are utilized only once before these are thrown away or recycled. Single-use plastics are most primarily used for packaging and serviceware, such as wrappers, straws, bottles, and bags. The single-use plastic packaging helps lessen the risk of contamination. Further, changing lifestyles and urbanization have led to the growth in healthcare, food & beverage, home care, personal care, and emerging e-commerce which is predicted to support the market demand for single-use plastic packaging during the forecast period.

MARKET DYNAMICS

The surge in packaging for the food & beverage sector owing to urbanization and busy lifestyles have led to the increased demand for single-use plastic packaging. Strength, transparency, easy availability, flexibility, and low cost have led to the adoption of single-use plastic packaging across different industries. Besides, single-use plastic packaging is utilized massively for the packaging of medical supplies, medicines, syringes, and instruments. However, improper disposal leads to environmental hazards and rises in plastic pollution which is anticipated to restrain the growth of the single-use plastic packaging market.

MARKET SCOPE

The "Global Single Use Plastic Packaging Market Analysis to 2031" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the single use plastic packaging market with detailed market segmentation by material, application. The global single use plastic packaging market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading single use plastic packaging market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global single use plastic packaging market is segmented into material, application. By material, the single use plastic packaging market is classified into polyethylene, polyethylene terephthalate, others. By application, the single use plastic packaging market is classified into food and beverage, pharmaceutical, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global single use plastic packaging market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The single use plastic packaging market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the single use plastic packaging market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the single use plastic packaging market in these regions.

MARKET PLAYERS

The report covers vital developments in the single use plastic packaging market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the single use plastic packaging market are anticipated to witness lucrative growth opportunities in the future with the rising demand for single use plastic packaging in the global market. Below mentioned is the list of few companies engaged in the single use plastic packaging market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the single use plastic packaging market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

1. Snapsil Corporation
2. Zipz Inc.
3. Ardagh Group S.A.
4. Bemis Company Inc.(AMCOR)
5. Winpak Limited
6. Flextrus AB
7. Transcontinental Inc.
8. Sealed Air Corporation
9. Coveris S.A
10. Ampac Holding

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Single Use Plastic Packaging Report Scope