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Single Serve Packaging Market - Global Industry Analysis, Growth, Trend, Forecast 2024

  • Date Submitted: 09/06/2016 12:44 AM
  • Flesch-Kincaid Score: 29.2 
  • Words: 743
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In todays’ scenario of changing lifestyle, ‘less has been proving to be more’. Ongoing trends such as ‘on the go lifestyle’, ‘snackification of meals’, ‘eating on the run’ and ‘happy to be alone’ have redefined the concepts of meals, family packs and super savers. These modern needs, has translated to the development of ‘single serve packaging’. This innovative concept of packaging is proving to deliver bigger value for food, beverage, health care as well as personal care products. Single serve packaging adds convenience at every stage in the value chain from manufacturing, distribution, inventorying, displaying and retailing. Single serve packaging features properties like shatterproof, lightweight and ease to use facility for improved consumer satisfaction.

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Single serve packaging: Market Dynamics

Numerous factors as such consumer lifestyles, urbanization, consumer spending power and population growth are diving trend towards smaller packaging products. Furthermore, concerns such as convenience, freshness, dietary awareness and waste reduction are driving demand for single serve packaging in the food and drinks packaging segment. Single serve packaging are widely sought after in the personal care sector owing to the growing concept of independent living and increasing consumer spending power among the teen agers in addition to the consumer preference for variety and affordability. The mounting demand in the health care sector is attributed to the accuracy of dosage and convenience of usage among children and geriatrics. Such trends and tripping points, in turn have expanded the scope of single serve packaging, driving the demand throughout the forecast period. Moreover, single serve packaging being a modern concept, the market is very less explored with huge opportunity for the market players to capitalize on this untapped segment.

Huge transition...

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