The single use packaging market size was valued at USD 554.14 billion in 2023 and is expected to be worth USD 583.21 billion in 2024. The market is projected to reach USD 895.12 billion by 2032, recording 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.

Source: https://www.fortunebusinessinsights.com/single-use-packaging-market-108340

Fortune Business Insights™ displays this information in a report titled, "Single Use Packaging Market, 2024-2032."

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.

Report Coverage:

The report has conducted a detailed study of the market and highlighted several critical areas, such as leading product types, end-use industries, materials, and key market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.

Drivers and Restraints:

Increasing Adoption of Paper & Paperboard Materials to Boost Market Growth

The use of paper and paperboard materials is increasing in the production of single use packaging products to help industries, such as food & beverage reduce their reliance on plastics and decrease their environmental impact. Paper-based materials are known for their biodegradability and recyclability, which will bolster their use in the production of single use packaging solutions.

Regional Insights:

Asia Pacific Dominates Global Market Due to Rapid Urbanization

Asia Pacific is leading the global market’s growth due to rapid urbanization and expanding populace of middle-class. These factors have increased the demand for single use packaging solutions.

Europe is also showcasing significant growth in the global market owing to rising focus on convenience and growing innovations in packaging designs.