About this market
The rising demand for flexible packaging solutions such as pouches, stick packaging solutions, and sachet packaging solutions drives the growth of the global single- serve packaging market. Intense competition between the vendors, the fragmented nature of the market and technological advances are challenge for the companies that offer flexible packaging solutions. Therefore, several large companies are focusing on mergers and acquisitions which will result in the consolidation of the market. The market research analysts have predicted that the single-serve packaging market will register a CAGR of close to 5% by 2022.
Market Overview
Cost efficiency
The cost efficiency of single- serve packaging solutions compared with other packaging solutions such as rigid packaging solutions will drive the growth of the market.
Volatility in cost of raw materials
Raw materials such as plastics, aluminum, steel and paper are used to manufacture single- serve packaging solutions. The cost of raw materials is some key components of the final cost of single serve packaging solutions. Therefore, the fluctuations in the cost of raw materials are a challenge for vendors.
For the detailed list of factors that will drive and challenge the growth of the single-serve packaging market during the 2018-2022, view our report.
Competitive Landscape
The global single-serve packaging market is moderately fragmented with intense competition among companies. The market is currently in its growth stage and moving towards maturity phase and exposed to opportunities and innovations. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this single-serve packaging industry analysis report will help prospective clients identify new growth opportunities and design new growth