United States Single Use Packaging Markets 2021-2026 - Ongoing Trend toward Lightweighting and Use of Sustainable Solutions - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "United States Single Use Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The US single-use packaging market (henceforth, referred to as the market studied) was valued at USD 23.39 billion in 2020, and it is projected to be worth USD 29.34 billion by 2026, registering a CAGR of 3.6% during the period of 2021-2026.
Meanwhile, the US region has witnessed a significant acceleration in e-commerce driven by lockdowns imposed with the outbreak of COVID-19. However, COVID-19 dented the retail sales in March, April, and May in 2020. Such factors negatively impacted the usage of flexible plastic packaging in the US retail landscape in those respective months.
However, retail in the United States witnessed a significant surge in late 2020, and this bounced back the usage of flexible plastic packaging in the region.
The increasing need for small and more convenient packaging, and strong visual impact are some of the factors that are expected to contribute to the growth of single-use packaging over the forecast period. Single-use packaging is for products used only once before they are thrown away or recycled. These items are things like plastic bags, straws, coffee stirrers, soda and water bottles, and most food packaging.
The US flexible plastic packaging industry is witnessing healthy growth, as the industry was able to implement innovative solutions for the several packaging challenges it faced. According to the Flexible Packaging Association (FPA), brand owners are adopting pouches, films, and bags as a go-to packaging solution, in part due to rising acceptance by American consumers.
The growing production of different package sizes in line with the increasing demand for bottled water, soft drinks, alcoholic beverages, ready-to-drink beverage, and milk will fuel growth of the single-use plastic beverage container market.
Polish vodka brand Sobieski packages vodka in plastic bottles. Part of the Marie Brizard Wine & Spirits Group, Sobieski is marketed as premium vodka and is popular in the United States. The plastic bottle is produced by Greiner Packaging, which relies on a combination of appealing design and practicality for the customer.
The United States Single Use Packaging Market is moderately competitive with new firms entering the market and few dominant firms in the market. The firms keep on innovating and entering into strategic partnerships in order to retain their market share.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Supply Chain Analysis
4.3 Market Drivers
4.3.1 Ongoing Trend toward Lightweighting and Use of Sustainable Solutions (such as Paper-based cups)
4.3.2 Flexible Single-use Packaging Products Offering Increased Convenience and Utility
4.4 Market Challenges
4.4.1 Stringent Regulations as Major Impediment to Growth of Single-use Plastic Packaging Products
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.6 Key Standards & Regulations
4.7 Impact of COVID-19 on the Single-use Packaging Market
5 Market Segmentation
5.1.1 Paper & Paperboard
5.1.4 Other Materials
5.2 End-User Industry
5.2.3 Healthcare & Pharmaceutical
5.2.4 Personal Care
5.2.5 Other End-user Industries
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Dart Container Corporation
6.1.2 Georgia-Pacific LLC
6.1.3 Graphic Packaging International Inc.
6.1.5 Pactiv LLC
6.1.6 Snapsil Corporation
6.1.7 Berry Global Inc.
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