Single Use Plastic Market Size, Trends and Insights By Product Type (Bags and Sacks, Bottles, Containers, Straws and Stirrers, Packaging, Others), By Application (Packaging, Beverage Containers, Food Service, Healthcare, Retail, Others), By Material Type (Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), Polystyrene (PS), Others), By End-User Industry (Food and Beverage, Retail and Consumer Goods, Healthcare, Manufacturing, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- LyondellBasell Industries N.V.
- INEOS Group
- BASF SE
- TotalEnergies SE
- Others
Reports Description
As per the current market research conducted by the CMI Team, the global Single Use Plastic Market is expected to record a CAGR of 4.1% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 58.4 Billion. By 2032, the valuation is anticipated to reach USD 83.8 Billion.
The Single-Use Plastic Market involves the production and distribution of disposable plastic products designed for one-time use. It encompasses various items such as bags, bottles, containers, and packaging materials. Driven by factors like convenience and cost-effectiveness, these products have been widely utilized in retail, food service, and healthcare sectors.
However, the market faces increasing scrutiny due to environmental concerns, leading to a shift in trends toward sustainable alternatives. As global awareness grows, the industry is witnessing innovations, regulatory changes, and consumer-driven demands for more eco-friendly solutions, shaping the future of single-use plastics.
Single Use Plastic Market – Significant Growth Factors
The Single Use Plastic Market presents significant growth opportunities due to several factors:
- Global Consumer Demand: The rising global population and consumer demand for on-the-go products, coupled with the growth of retail and e-commerce sectors, fuel the demand for single-use plastic packaging, containers, and disposable items.
- Manufacturing and Supply Chain Efficiency: The efficiency of manufacturing processes and supply chain logistics for single-use plastics contributes to their widespread availability and affordability, sustaining their dominance in various industries.
- Customization and Design Flexibility: The versatility of single-use plastics allows for customization and design flexibility, meeting diverse packaging requirements and contributing to their popularity across industries, particularly in the food and beverage sector.
- Innovation in Sustainable Alternatives: The shift towards sustainable alternatives presents an opportunity for innovation in the single-use plastic market. Companies investing in research and development of eco-friendly materials and packaging solutions can capitalize on the growing demand for environmentally conscious options.
- Circular Economy Initiatives: Embracing circular economy initiatives, including closed-loop recycling systems and extended producer responsibility programs, presents an opportunity for the single-use plastic market to align with global sustainability goals and reduce environmental impact. Companies adopting such initiatives may enhance their market competitiveness.
Single Use Plastic Market – Mergers and Acquisitions
The Single Use Plastic Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Single Use Plastic Market include:
- In 2023, Seal Package unveiled the Infinity Top Seal, a one-piece, recyclable packaging solution designed for food service and deliveries. Utilizing Klöckner Pentaplast’s monolithic technology, it features a heat-resistant polypropylene expandable lid and a sealable film. This innovation aligns with sustainability goals in the food packaging industry.
- In 2021, Interfor Corporation has entered an agreement to acquire four sawmill operations in Bay Springs, Miss., Fayette, Ala., DeQuincy, La., and Philomath, Ore., from Georgia-Pacific Wood Products LLC and GP Wood Products LLC. This strategic move enhances Interfor’s presence in the wood products industry across different regions.
These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Single Use Plastic Market. The trend is expected to continue as companies seek a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Single Use Plastic Market | Biodegradable Packaging Market | 5G Chip Packaging Market |
| CAGR 4.1% (Approx) | CAGR 6.2% (Approx) | CAGR 14.5% (Approx) |
| USD 83.8 Billion by 2032 | USD 135.3 Billion by 2032 | USD 72.1 Billion by 2032 |
Single Use Plastic Market – Significant Threats
The Single Use Plastic Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Environmental Impact and Sustainability Concerns: Growing awareness of environmental issues and concerns about the ecological impact of single-use plastics pose a significant threat. Increased focus on sustainability may lead to regulatory measures, consumer backlash, and shifts towards eco-friendly alternatives.
- Stringent Regulatory Measures: The imposition of stringent regulations aimed at reducing plastic pollution and promoting sustainable practices poses a threat to the single-use plastic market. Bans on certain plastic products and packaging, along with extended producer responsibility requirements, can impact industry operations.
- Rising Anti-Plastic Sentiment: The escalating anti-plastic sentiment among consumers and advocacy groups poses a threat to the market. Negative public perception can result in reduced demand for single-use plastic products and prompt businesses to explore more sustainable alternatives.
- Shift in Consumer Preferences: Evolving consumer preferences, driven by environmental consciousness and awareness campaigns, pose a threat to the market. A shift towards reusable and sustainable alternatives, influenced by changing attitudes, can impact the demand for single-use plastics.
- Emergence of Plastic-Free Initiatives: The rise of plastic-free initiatives and movements advocating for reduced plastic usage constitutes a threat. These initiatives, coupled with increased consumer education, may lead to decreased acceptance of single-use plastics, impacting the market’s growth and profitability.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 58.4 Billion |
| Projected Market Size in 2032 | USD 83.8 Billion |
| Market Size in 2022 | USD 56.1 Billion |
| CAGR Growth Rate | 4.1% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Application, Material Type, End-User Industry and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Category-Wise Insights
By Product Type
- Bags and Sacks: Single-use plastic bags and sacks for packaging and carrying goods. Increasing use of eco-friendly alternatives, regulatory bans on plastic bags in certain regions, and innovations in biodegradable materials, reflect a shift towards sustainability.
- Bottles: Single-use plastic bottles for beverages and liquids. Growing demand for recycled and plant-based bottles, initiatives promoting bottle recycling, and advancements in lightweight and recyclable bottle designs.
- Containers: Disposable plastic containers for food packaging and storage. Emphasis on recyclable and compostable container options, increased use of eco-friendly materials, and advancements in design for improved recyclability.
- Straws and Stirrers: Single-use plastic straws and stirrers for beverages. Surge in demand for alternatives like paper straws, regulatory actions against plastic straws, and consumer awareness campaigns promoting reusable and eco-friendly options.
- Packaging: Various forms of plastic packaging materials for diverse industries. Rise in demand for sustainable packaging solutions, innovations in biodegradable packaging, and industry efforts to reduce overall plastic packaging waste.
- Others: Various single-use plastic products like cutlery, cups, and trays. Advancements in biodegradable and compostable alternatives, increased adoption of reusable options, and growing awareness of the environmental impact of miscellaneous single-use plastic items.
By Application
- Packaging: Single-use plastics in packaging involve containers, wraps, and bags for various products. Trends include lightweight packaging solutions, innovations in recyclable materials, and an increasing focus on sustainable packaging to reduce environmental impact.
- Beverage Containers: Single-use plastics for beverages, including bottles and cups. The market sees trends in lightweight bottle designs, the development of recyclable materials, and increased consumer demand for eco-friendly beverage packaging.
- Food Service: Single-use plastics in the food service sector, comprising utensils, trays, and packaging. Trends involve the adoption of compostable or biodegradable materials, eco-friendly packaging, and innovative designs for food delivery.
- Healthcare: Single-use plastics in healthcare include medical packaging, syringes, and other disposable items. The healthcare segment sees trends in the development of sterile and safe disposable plastics, adherence to stringent quality standards, and a focus on infection control.
- Retail: Single-use plastics in the retail sector, including shopping bags and packaging. Trends include efforts to reduce plastic bag usage, initiatives for reusable shopping bags, and increased awareness of sustainable retail packaging.
- Others: Various applications beyond the specified sectors. Diverse trends encompass customized single-use plastics for specific industries, ongoing innovation, and the exploration of new applications for disposable plastic products.
By Material Type
- Polyethylene (PE): Polyethylene, a widely used plastic, is employed in single-use plastic products like bags and containers. The PE segment sees trends in lightweight packaging, recycling advancements, and a shift towards biodegradable options, addressing environmental concerns.
- Polypropylene (PP): Polypropylene, known for its versatility, is used in single-use plastics like packaging, straws, and containers. Trends involve innovations in PP-based recyclable and compostable materials, responding to sustainability demands and circular economy initiatives.
- Polyethylene Terephthalate (PET): PET is prevalent in single-use plastic bottles for beverages and packaging applications. PET trends include lightweight, increased recyclability, and the development of bio-based PET, aligning with sustainability and recycling goals.
- Polystyrene (PS): Polystyrene, used in foam products and disposable cutlery, is a lightweight plastic. PS trends focus on recyclability improvements, alternatives to foam packaging, and growing use in sustainable applications.
- Others: This category includes various plastic types used in single-use products beyond the specified materials. Trends in “Others” involve advancements in bioplastics, the development of novel materials, and the exploration of alternative single-use plastic options, diversifying the market.
By End User Industry
- Food and Beverage: Single-use plastics in food and beverage refer to packaging, containers, and utensils designed for one-time use. Growing demand for convenient and hygienic packaging solutions, despite increasing emphasis on sustainable alternatives. Innovations focus on eco-friendly packaging to address environmental concerns.
- Retail and Consumer Goods: Single-use plastics in retail encompass packaging, bags, and disposable items used by consumers. Rising demand for lightweight and cost-effective packaging in retail. Increased pressure to adopt sustainable alternatives, leading to innovations in recyclable and biodegradable materials.
- Healthcare: Single-use plastics in healthcare include disposable medical supplies and packaging materials. Stringent hygiene standards drive demand for disposable medical plastics. Sustainability efforts focus on reducing healthcare-related plastic waste through recycling and alternative materials.
- Manufacturing: Single-use plastics in manufacturing refer to disposable materials used in various industrial processes. Emphasis on efficient and cost-effective packaging in manufacturing. Growing awareness prompts the exploration of sustainable alternatives, driving innovation in packaging solutions for industrial applications.
Single Use Plastic Market – Regional Analysis
The Single Use Plastic Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: In North America, there is a notable trend towards increased awareness of environmental concerns and a growing emphasis on reducing single-use plastics. Regulatory measures and consumer-driven initiatives promote sustainable alternatives, driving innovations in eco-friendly packaging and influencing consumer choices.
- Europe: Europe exhibits a strong focus on circular economy initiatives, with stringent regulations targeting plastic waste reduction. Trends include the implementation of plastic bans, increased recycling infrastructure, and the promotion of sustainable packaging materials to achieve a more circular and eco-conscious single-use plastic landscape.
- Asia-Pacific: In the Asia-Pacific region, rapid economic growth and urbanization contribute to a surge in single-use plastic consumption. However, there’s a simultaneous rising awareness of environmental issues, leading to trends emphasizing the adoption of sustainable packaging alternatives, recycling technologies, and increased corporate responsibility.
- LAMEA (Latin America, Middle East & Africa): LAMEA sees a diverse trend landscape. In Latin America, there’s a growing awareness of plastic pollution, driving initiatives for sustainable practices. In the Middle East and Africa, economic development influences increased plastic use, with a parallel focus on waste management and sustainable alternatives to address environmental concerns.
Competitive Landscape – Single Use Plastic Market
The Single Use Plastic Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:
- ExxonMobil Corporation
- Dow Inc.
- SABIC (Saudi Basic Industries Corporation)
- LyondellBasell Industries N.V.
- INEOS Group
- BASF SE
- TotalEnergies SE
- Chevron Phillips Chemical Company LLC
- Indorama Ventures Public Company Limited
- Borealis AG
- Amcor plc
- Berry Global Group Inc.
- Huhtamaki Oyj
- Sealed Air Corporation
- Novolex Holdings Inc.
- Others
These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.
New players like Loop Industries and Avantium have entered the single-use plastic market with innovative approaches to tackle plastic waste. Loop Industries employs advanced recycling technologies, while Avantium focuses on developing plant-based plastics. Dominant key players include ExxonMobil and Dow, leveraging their extensive resources for continuous innovation and sustainability efforts.
These industry leaders invest in research, collaborate on eco-friendly alternatives, and implement circular economy initiatives. Their market dominance is reinforced by established supply chains, broad product portfolios, and proactive strategies addressing environmental concerns, positioning them as leaders in the evolving single-use plastic landscape.
The Single Use Plastic Market is segmented as follows:
By Product Type
- Bags and Sacks
- Bottles
- Containers
- Straws and Stirrers
- Packaging
- Others
By Application
- Packaging
- Beverage Containers
- Food Service
- Healthcare
- Retail
- Others
By Material Type
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polystyrene (PS)
- Others
By End-User Industry
- Food and Beverage
- Retail and Consumer Goods
- Healthcare
- Manufacturing
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Single Use Plastic Market, (2024 – 2033) (USD Billion)
- 2.2 Global Single Use Plastic Market: snapshot
- Chapter 3. Global Single Use Plastic Market – Industry Analysis
- 3.1 Single Use Plastic Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Global Consumer Demand
- 3.2.2 Manufacturing and Supply Chain Efficiency
- 3.2.3 Customization and Design Flexibility
- 3.2.4 Innovation in Sustainable Alternatives
- 3.2.5 Circular Economy Initiatives.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product Type
- 3.7.2 Market Attractiveness Analysis By Application
- 3.7.3 Market Attractiveness Analysis By Material Type
- 3.7.4 Market Attractiveness Analysis By End-User Industry
- Chapter 4. Global Single Use Plastic Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Single Use Plastic Market: Company Market Share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Single Use Plastic Market – Product Type Analysis
- 5.1 Global Single Use Plastic Market Overview: By Product Type
- 5.1.1 Global Single Use Plastic Market Share, By Product Type, 2022 and – 2033
- 5.2 Bags and Sacks
- 5.2.1 Global Single Use Plastic Market by Bags and Sacks, 2024 – 2033 (USD Billion)
- 5.3 Bottles
- 5.3.1 Global Single Use Plastic Market by Bottles, 2024 – 2033 (USD Billion)
- 5.4 Containers
- 5.4.1 Global Single Use Plastic Market by Containers, 2024 – 2033 (USD Billion)
- 5.5 Straws and Stirrers
- 5.5.1 Global Single Use Plastic Market by Straws and Stirrers, 2024 – 2033 (USD Billion)
- 5.6 Packaging
- 5.6.1 Global Single Use Plastic Market by Packaging, 2024 – 2033 (USD Billion)
- 5.7 Others
- 5.7.1 Global Single Use Plastic Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Single Use Plastic Market Overview: By Product Type
- Chapter 6. Global Single Use Plastic Market – Application Analysis
- 6.1 Global Single Use Plastic Market Overview: By Application
- 6.1.1 Global Single Use Plastic Market Share, By Application, 2022 and – 2033
- 6.2 Packaging
- 6.2.1 Global Single Use Plastic Market by Packaging, 2024 – 2033 (USD Billion)
- 6.3 Beverage Containers
- 6.3.1 Global Single Use Plastic Market by Beverage Containers, 2024 – 2033 (USD Billion)
- 6.4 Food Service
- 6.4.1 Global Single Use Plastic Market by Food Service, 2024 – 2033 (USD Billion)
- 6.5 Healthcare
- 6.5.1 Global Single Use Plastic Market by Healthcare, 2024 – 2033 (USD Billion)
- 6.6 Retail
- 6.6.1 Global Single Use Plastic Market by Retail, 2024 – 2033 (USD Billion)
- 6.7 Others
- 6.7.1 Global Single Use Plastic Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Single Use Plastic Market Overview: By Application
- Chapter 7. Global Single Use Plastic Market – Material Type Analysis
- 7.1 Global Single Use Plastic Market Overview: By Material Type
- 7.1.1 Global Single Use Plastic Market Share, By Material Type, 2022 and – 2033
- 7.2 Polyethylene (PE)
- 7.2.1 Global Single Use Plastic Market by Polyethylene (PE), 2024 – 2033 (USD Billion)
- 7.3 Polypropylene (PP)
- 7.3.1 Global Single Use Plastic Market by Polypropylene (PP), 2024 – 2033 (USD Billion)
- 7.4 Polyethylene Terephthalate (PET)
- 7.4.1 Global Single Use Plastic Market by Polyethylene Terephthalate (PET), 2024 – 2033 (USD Billion)
- 7.5 Polystyrene (PS)
- 7.5.1 Global Single Use Plastic Market by Polystyrene (PS), 2024 – 2033 (USD Billion)
- 7.6 Others
- 7.6.1 Global Single Use Plastic Market by Others, 2024 – 2033 (USD Billion)
- 7.1 Global Single Use Plastic Market Overview: By Material Type
- Chapter 8. Global Single Use Plastic Market – End-User Industry Analysis
- 8.1 Global Single Use Plastic Market Overview: By End-User Industry
- 8.1.1 Global Single Use Plastic Market Share, By End-User Industry, 2022 and – 2033
- 8.2 Food and Beverage
- 8.2.1 Global Single Use Plastic Market by Food and Beverage, 2024 – 2033 (USD Billion)
- 8.3 Retail and Consumer Goods
- 8.3.1 Global Single Use Plastic Market by Retail and Consumer Goods, 2024 – 2033 (USD Billion)
- 8.4 Healthcare
- 8.4.1 Global Single Use Plastic Market by Healthcare, 2024 – 2033 (USD Billion)
- 8.5 Manufacturing
- 8.5.1 Global Single Use Plastic Market by Manufacturing, 2024 – 2033 (USD Billion)
- 8.6 Others
- 8.6.1 Global Single Use Plastic Market by Others, 2024 – 2033 (USD Billion)
- 8.1 Global Single Use Plastic Market Overview: By End-User Industry
- Chapter 9. Single Use Plastic Market – Regional Analysis
- 9.1 Global Single Use Plastic Market Regional Overview
- 9.2 Global Single Use Plastic Market Share, by Region, 2022 & – 2033 (USD Billion)
- 9.3. North America
- 9.3.1 North America Single Use Plastic Market, 2024 – 2033 (USD Billion)
- 9.3.1.1 North America Single Use Plastic Market, by Country, 2024 – 2033 (USD Billion)
- 9.3.1 North America Single Use Plastic Market, 2024 – 2033 (USD Billion)
- 9.4 North America Single Use Plastic Market, by Product Type, 2024 – 2033
- 9.4.1 North America Single Use Plastic Market, by Product Type, 2024 – 2033 (USD Billion)
- 9.5 North America Single Use Plastic Market, by Application, 2024 – 2033
- 9.5.1 North America Single Use Plastic Market, by Application, 2024 – 2033 (USD Billion)
- 9.6 North America Single Use Plastic Market, by Material Type, 2024 – 2033
- 9.6.1 North America Single Use Plastic Market, by Material Type, 2024 – 2033 (USD Billion)
- 9.7 North America Single Use Plastic Market, by End-User Industry, 2024 – 2033
- 9.7.1 North America Single Use Plastic Market, by End-User Industry, 2024 – 2033 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe Single Use Plastic Market, 2024 – 2033 (USD Billion)
- 9.8.1.1 Europe Single Use Plastic Market, by Country, 2024 – 2033 (USD Billion)
- 9.8.1 Europe Single Use Plastic Market, 2024 – 2033 (USD Billion)
- 9.9 Europe Single Use Plastic Market, by Product Type, 2024 – 2033
- 9.9.1 Europe Single Use Plastic Market, by Product Type, 2024 – 2033 (USD Billion)
- 9.10 Europe Single Use Plastic Market, by Application, 2024 – 2033
- 9.10.1 Europe Single Use Plastic Market, by Application, 2024 – 2033 (USD Billion)
- 9.11 Europe Single Use Plastic Market, by Material Type, 2024 – 2033
- 9.11.1 Europe Single Use Plastic Market, by Material Type, 2024 – 2033 (USD Billion)
- 9.12 Europe Single Use Plastic Market, by End-User Industry, 2024 – 2033
- 9.12.1 Europe Single Use Plastic Market, by End-User Industry, 2024 – 2033 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Single Use Plastic Market, 2024 – 2033 (USD Billion)
- 9.13.1.1 Asia Pacific Single Use Plastic Market, by Country, 2024 – 2033 (USD Billion)
- 9.13.1 Asia Pacific Single Use Plastic Market, 2024 – 2033 (USD Billion)
- 9.14 Asia Pacific Single Use Plastic Market, by Product Type, 2024 – 2033
- 9.14.1 Asia Pacific Single Use Plastic Market, by Product Type, 2024 – 2033 (USD Billion)
- 9.15 Asia Pacific Single Use Plastic Market, by Application, 2024 – 2033
- 9.15.1 Asia Pacific Single Use Plastic Market, by Application, 2024 – 2033 (USD Billion)
- 9.16 Asia Pacific Single Use Plastic Market, by Material Type, 2024 – 2033
- 9.16.1 Asia Pacific Single Use Plastic Market, by Material Type, 2024 – 2033 (USD Billion)
- 9.17 Asia Pacific Single Use Plastic Market, by End-User Industry, 2024 – 2033
- 9.17.1 Asia Pacific Single Use Plastic Market, by End-User Industry, 2024 – 2033 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America Single Use Plastic Market, 2024 – 2033 (USD Billion)
- 9.18.1.1 Latin America Single Use Plastic Market, by Country, 2024 – 2033 (USD Billion)
- 9.18.1 Latin America Single Use Plastic Market, 2024 – 2033 (USD Billion)
- 9.19 Latin America Single Use Plastic Market, by Product Type, 2024 – 2033
- 9.19.1 Latin America Single Use Plastic Market, by Product Type, 2024 – 2033 (USD Billion)
- 9.20 Latin America Single Use Plastic Market, by Application, 2024 – 2033
- 9.20.1 Latin America Single Use Plastic Market, by Application, 2024 – 2033 (USD Billion)
- 9.21 Latin America Single Use Plastic Market, by Material Type, 2024 – 2033
- 9.21.1 Latin America Single Use Plastic Market, by Material Type, 2024 – 2033 (USD Billion)
- 9.22 Latin America Single Use Plastic Market, by End-User Industry, 2024 – 2033
- 9.22.1 Latin America Single Use Plastic Market, by End-User Industry, 2024 – 2033 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Single Use Plastic Market, 2024 – 2033 (USD Billion)
- 9.23.1.1 The Middle-East and Africa Single Use Plastic Market, by Country, 2024 – 2033 (USD Billion)
- 9.23.1 The Middle-East and Africa Single Use Plastic Market, 2024 – 2033 (USD Billion)
- 9.24 The Middle-East and Africa Single Use Plastic Market, by Product Type, 2024 – 2033
- 9.24.1 The Middle-East and Africa Single Use Plastic Market, by Product Type, 2024 – 2033 (USD Billion)
- 9.25 The Middle-East and Africa Single Use Plastic Market, by Application, 2024 – 2033
- 9.25.1 The Middle-East and Africa Single Use Plastic Market, by Application, 2024 – 2033 (USD Billion)
- 9.26 The Middle-East and Africa Single Use Plastic Market, by Material Type, 2024 – 2033
- 9.26.1 The Middle-East and Africa Single Use Plastic Market, by Material Type, 2024 – 2033 (USD Billion)
- 9.27 The Middle-East and Africa Single Use Plastic Market, by End-User Industry, 2024 – 2033
- 9.27.1 The Middle-East and Africa Single Use Plastic Market, by End-User Industry, 2024 – 2033 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 ExxonMobil Corporation
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Dow Inc.
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 SABIC (Saudi Basic Industries Corporation)
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 LyondellBasell Industries N.V.
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 INEOS Group
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 BASF SE
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 TotalEnergies SE
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Chevron Phillips Chemical Company LLC
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Indorama Ventures Public Company Limited
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Borealis AG
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Amcor plc
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 Berry Global Group Inc.
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 Huhtamaki Oyj
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 Sealed Air Corporation
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 Novolex Holdings Inc.
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Others.
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.1 ExxonMobil Corporation
List Of Figures
Figures No 1 to 40
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- ExxonMobil Corporation
- Dow Inc.
- SABIC (Saudi Basic Industries Corporation)
- LyondellBasell Industries N.V.
- INEOS Group
- BASF SE
- TotalEnergies SE
- Chevron Phillips Chemical Company LLC
- Indorama Ventures Public Company Limited
- Borealis AG
- Amcor plc
- Berry Global Group Inc.
- Huhtamaki Oyj
- Sealed Air Corporation
- Novolex Holdings Inc.
- Others
FAQs
The key factors driving the Market are Global Consumer Demand, Manufacturing and Supply Chain Efficiency, Customization and Design Flexibility, Innovation in Sustainable Alternatives And Circular Economy Initiatives.
The “Bags and Sacks” category dominated the market in 2022.
The key players in the market are ExxonMobil Corporation, Dow Inc., SABIC (Saudi Basic Industries Corporation), LyondellBasell Industries N.V., INEOS Group, BASF SE, TotalEnergies SE, Chevron Phillips Chemical Company LLC, Indorama Ventures Public Company Limited, Borealis AG, Amcor plc, Berry Global Group Inc., Huhtamaki Oyj, Sealed Air Corporation, Novolex Holdings Inc., Others.
“Asia-Pacific” had the largest share in the Single Use Plastic Market.
The global market is projected to grow at a CAGR of 4.1% during the forecast period, 2023-2032.
The Single Use Plastic Market size was valued at USD 58.4 Billion in 2023.
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