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Global Single-use Packaging Market Growth, Trends, COVID-19 Impact, and Forecasts 2021-2026 - ResearchAndMarkets.com
April 7, 2021 GMT
DUBLIN--(BUSINESS WIRE)--Apr 7, 2021--
The Single-use Packaging market was valued at USD 34.29 billion in 2020 and is expected to reach USD 47.31 billion by 2026, at a CAGR of 6% over the forecast period 2021 - 2026.
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The increasing need for small and more convenient packages, exceptional presentation, and strong visual impact are some of the factors that would contribute to the growth of single-use packaging over the forecast period.
The growing per capita income and the changing social climate and demographics such as increasing urbanization have enabled people to live more modern lifestyles, leaving them always on the move. For instance, the urban population increased from 53.913% in 2015 to 55.271% in 2018 with the GDP per capita also increasing from USD 10,217.656 in 2015 to USD 11,298.304 in 2018.