Single Use Packaging Market in US by Product, End-user and Geography - Forecast and Analysis 2022-2026

The single use packaging market share in US is expected to increase by USD 2.35 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.81%.

This single use packaging market in US research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers single use packaging market segmentation by product (rigid packaging and flexible packaging), end-user (food, beverage, healthcare and pharmaceutical, personal care, and other), and Geography (US). The single use packaging market report also offers information on several market vendors, including Amcor Plc, Ardagh Group SA, Berry Global Inc., Dart Container Corp., Elis Packaging Solutions Inc., Flex Pack, Graphic Packaging Holding Co., Liquipak Corp., Mattpak Inc., Novolex Holdings LLC, Pactiv Evergreen Inc, ProAmpac Intermediate Inc., Sealed Air Corp., Snapsil Corp., Sonic Packaging Industries Inc., Tetra Pak Group, Transcontinental Inc., Wilpack Packaging, Winpak Ltd., and Georgia Pacific LLC among others.

What will the Single Use Packaging Market Size be During the Forecast Period?

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Single Use Packaging Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the single use packaging market in US.

Key Single Use Packaging Market in US Driver

The growth of the food delivery and takeaway market is one of the key factors driving the growth of the single use packaging market in US. The food delivery and takeaway market in the US is growing at a significant pace, driven by a rise in urbanization, the busy and hectic lifestyle of consumers, a surge in mobile phone penetration, and an increase in the adoption of m-commerce. There is a significant rise in online food orders, owing to an increase in the number of online platforms. Currently, as most people in the US are habituated to the use of the Internet and mobile applications, many people prefer to order food through mobile applications and online portals. It is also more convenient and less costly because of better deals/discounts. Many restaurants have become accessible owing to the availability of online services, and restaurants provide food through online services at competitive prices. Therefore, with the growth of the food delivery and takeaway market in the US, the single use packaging market in the US is anticipated to witness simultaneous growth during the forecast period.

Key Single Use Packaging Market in US Trend

The increasing number of strategic alliances will fuel the single use packaging market in US. The single use packaging market in US comprises some well-established players, such as Interfor Corporation, Pactiv Evergreen, Georgia-Pacific LLC, Novolex, and Graphic Packaging International Inc.; these companies are engaged in the design and production of single use packaging solutions for various applications across a wide range of industries. These manufacturers are making significantly huge investments in research and development to push better products into the market and expand their customer base. Mergers, acquisitions, and strategic partnerships are some of the strategies that the vendors in this market are using to strengthen their position. For instance, In May 2021, Interfor Corporation made an agreement with Georgia-Pacific Wood Products LLC and GP Wood Products LLC to acquire four of the latter's sawmill operations located in Bay Springs, Mississippi; Fayette, Alabama; DeQuincy, Louisiana; and Philomath, Oregon. Some big players are expected to implement new strategic alliances to gain competitive advantages. Such developments will spur the market during the forecast period.

Key Single Use Packaging Market in US Challenge

The high cost of recycling rigid plastic products is the major challenge for the single use packaging market in US. Recycling various rigid plastic products requires substantial capital and investments owing to the high procurement cost, expenditure on energy, and the collection and sorting of scrap or discarded plastic waste. The recycling of rigid plastic products, such as bottles, involves various steps, such as collecting the bottles after use, paying the customer for the scrap, transporting it to the recycling unit, and cleaning and crushing it. For most small- and medium-scale manufacturing facilities, the manufacturing of new rigid plastic products is more economical than recycling. The cleaning of used plastic packaging materials requires a large amount of water and involves further recycling, such as crushing and melting, which require energy and manpower. Therefore, the recycling of rigid plastic products is costlier than manufacturing them from new raw materials. For instance, most rigid plastic packaging used in the food industry is thrown away after use without cleaning. Thus, the recycling of plastics will involve additional costs for manufacturers, which, in turn, will pose a major challenge for the single use packaging market in US during the forecast period.

This single use packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the single use packaging market in US as a part of the global metal and glass containers market within the overall global containers and packaging market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the single use packaging market during the forecast period.

Who are the Major Single Use Packaging Market in US Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Amcor Plc
• Ardagh Group SA
• Berry Global Inc.
• Dart Container Corp.
• Elis Packaging Solutions Inc.
• Flex Pack
• Graphic Packaging Holding Co.
• Liquipak Corp.
• Mattpak Inc.
• Novolex Holdings LLC
• Pactiv Evergreen Inc
• ProAmpac Intermediate Inc.
• Sealed Air Corp.
• Snapsil Corp.
• Sonic Packaging Industries Inc.
• Tetra Pak Group
• Transcontinental Inc.
• Wilpack Packaging
• Winpak Ltd.
• Georgia Pacific LLC

 

This statistical study of the single use packaging market encompasses successful business strategies deployed by the key vendors. The single use packaging market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• ardaghgroup.com - The company offers wireless headphones such as nest mini and nest audio.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this report provides a detailed analysis of several leading Companies.

Single Use Packaging Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the single use packaging market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

The value chain of the global containers and packaging market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for the Single Use Packaging Market?

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100% of the market’s growth will originate from North America during the forecast period. The US is the key market for single use packaging market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The growth of the food delivery and takeaway market will facilitate the single use packaging market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The packaging sector did not witness much impact from the COVID-19 pandemic in 2020 as the Government of the US tried to ensure an uninterrupted supply of food items to the people. Although some food production plants operated at a lower capacity, operations did not stop across such facilities. However, this segment of the market experienced some adverse effects due to stringent lockdowns and social distancing regulations in 2020, which were lifted in 2021. Therefore, the food segment of the market is expected to witness positive growth during the forecast period.

What are the Revenue-generating Product Segments in the Single Use Packaging Market?

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The single use packaging market share growth in the rigid packaging segment will be significant during the forecast period. The rise in the demand for cycle wheels, containers, and electronic switches further fuels the growth of the rigid packaging segment in the US. In addition, the development of the automotive industry is anticipated to drive the growth of the single use packaging market in the US during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the single use packaging market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Single Use Packaging Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.81%
Market growth 2022-2026	$2.35 million
Market structure	Fragmented
YoY growth (%)	6.53
Regional analysis	US
Performing market contribution	North America at 100%
Key consumer countries	US
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Amcor Plc, Ardagh Group SA, Berry Global Inc., Dart Container Corp., Elis Packaging Solutions Inc., Flex Pack, Graphic Packaging Holding Co., Liquipak Corp., Mattpak Inc., Novolex Holdings LLC, Pactiv Evergreen Inc, ProAmpac Intermediate Inc., Sealed Air Corp., Snapsil Corp., Sonic Packaging Industries Inc., Tetra Pak Group, Transcontinental Inc., Wilpack Packaging, Winpak Ltd., and Georgia Pacific LLC
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Single Use Packaging Market In Country Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive single use packaging market growth during the next five years
• Precise estimation of the single use packaging market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the single use packaging industry across the US
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of single use packaging market vendors

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