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How Big was the Mono-Material Packaging Market Size in 2024?
There has been significant expansion in the mono-material packaging market size over the past years. The market, which is valued at $3.94 billion in 2024, is projected to surge to $4.24 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 7.7%.
Factors behind the impressive historical growth rate include escalated consumer requirements for sustainable packaging, increased governmental incentives aimed at promoting environmentally friendly packaging solutions, a surge in demand for streamlined recycling procedures, a growing fascination with biodegradable and compostable packaging options, and an upswing in the use of high-performance recyclable mono-material films.
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What Is the Projected Growth of the Mono-Material Packaging Market?
In the next few years, a strong growth trajectory is anticipated for the mono-material packaging market, which is projected to expand to $5.63 billion by 2029, with a CAGR of 7.3%. This growth during the forecast period can be ascribed to various factors including the surge in extended producer responsibility (EPR) initiatives, increased plastic waste collection and recycling programs, a rising preference for compostable mono-material packaging, the boom in e-commerce, and the proliferation of investments in advanced recycling technologies.
The period is also expected to see major trends such as the growth of recyclable flexible packaging, advancements in high-barrier mono-material films, the move towards simpler packaging designs, progress in mono-material barrier properties, and breakthroughs in material science.
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What Factors Are Fueling Mono-Material Packaging Market Progress?
The escalating emphasis on preserving the environment and promoting sustainability is anticipated to spur the expansion of the mono-material packaging market. Here, sustainability and environment protection involve the safeguarding of resources, waste reduction, and defence of nature.
This growing concern is undergoing an increase as more individuals acknowledge the necessity to decrease carbon emissions, save natural resources, and guard ecosystems for the benefit of future generations.
By utilizing mono-material packaging, both sustainability and environmental preservation are boosted due to a simplified recycling procedure, easier material reclaiming, and less waste through the use of a single, recyclable substance.
For example, data from the Department for Environment, Food and Rural Affairs, a UK-government based agency, in September 2024 showed that in 2022, UK succeeded in reducing the volume of degradable municipal waste being dumped in landfills to 6.3 million tonnes. Concurrently, the recycling rate of packaging waste saw an increase from 62.4% in 2022 to 64.8% in 2023.
Consequently, the escalating emphasis on preservation of the environment and promotion of sustainability is fuelling the expansion of the mono-material packaging market.
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How Are Major Companies Shaping the Future of the Mono-Material Packaging Market?
Major companies operating in the mono-material packaging market are SABIC, Toray Industries Inc., Amcor Limited, Berry Global Inc., Smurfit Kappa Group, DS Smith Plc, Mondi Group, Sealed Air Corporation, Alpla Werke Alwin Lehner GmbH & Co KG, Huhtamaki Oyj, AptarGroup Inc., Constantia Flexibles Group GmbH, ProAmpac LLC, Sonoco Products Company, Graham Packaging Company, Coveris, RKW SE, Uflex Ltd., Wipak Group, Jindal Poly Films, Bischof + Klein, Mitsui Plastics Inc.
How Are Emerging Segments Shaping the Mono-Material Packaging Market Landscape?
The mono-material packaging market covered in this report is segmented –
1) By Packaging Type: Bags, Pouches, Films, Bottles, Other Packaging Types
2) By Material: Polyethylene (PE), Polypropylene (PP), Polylactic Acid (PLA), Other Materials
3) By Packaging Format: Flexible Packaging, Rigid Packaging
4) By Application: Food And Beverage Packaging, Healthcare Packaging, Personal Care Packaging, Industrial Packaging, Other Applications
5) By End-User: Manufacturers, Retailers, Consumers
Subsegments:
1) By Bags: Stand-Up Pouches, Flat Pouches, Gusseted Bags, Drawstring Bags, Ziplock Bags
2) By Pouches: Spouted Pouches, Doypack Pouches, Retort Pouches, Vacuum Pouches, Pillow Pouches
3) By Films: Stretch Films, Shrink Films, Barrier Films, Printable Films, Biaxially Oriented Polypropylene (BOPP) Films
4) By Bottles: Polyethylene Terephthalate (PET) Bottles, High-Density Polyethylene (HDPE) Bottles, Low-Density Polyethylene (LDPE) Bottles, Polypropylene (PP) Bottles
5) By Other Packaging Types, Trays, Tubs, Cartons, Cans, Lids
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What Key Trends Are Anticipated to Propel Demand in the Mono-Material Packaging Market?
Key players in the mono-material packaging market, such as all-PE mono-material recycle-ready, are prioritizing the creation of inventive solutions to enhance recyclability, reduce plastic pollution, and cater to the demand for eco-friendly options. The all-PE mono-material recycle-ready packaging is exclusively crafted from polyethylene (PE) ensuring smooth recyclability with PE recycling systems as well as providing durability, functionality, and sustainability.
For instance, Cheer Pack North America (CPNA), a US-based spouted pouch packaging manufacturer, collaborated with Amcor plc, an Australian packaging corporation, and Stonyfield Organic, a US-based organic yogurt producer, to introduce CHEERCircle in February 2024. This spouted pouch features the innovative Vizi cap as part of CPNA’s Sustainability+ initiative.
This eco-friendly packaging revolution is aimed at improving recyclability, minimizing environmental harm, while maintaining its functionality for liquid and viscous items.
Which Regions Are Poised for the Highest Growth Rate During the Forecast Period?
Asia-Pacific was the largest region in the mono-material packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the mono-material packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Questions Addressed In This Report:
1.What is the revenue and growth projection for the mono-material packaging market?
2.What factors are driving mono-material packaging market growth, globally?
3.Which segment accounted for the largest mono-material packaging market share?
4.Who are the top companies operating in the mono-material packaging market?
5.Which region is projected to witness the fastest growth during the forecast period?
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