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.
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.
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Huge transition in the global consumption pattern is driving demand for consumer goods and food products at competitive prices. This is expected to augment the growth of the single serve packaging market during the forecast period. However, communal ethos in developing regions like Africa and Asia Pacific and capital intensive nature of single serve packaging product is anticipated to limit the growth of single serve packaging market in emerging regions.