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Thin Wall Packaging Market

Thin Wall Packaging Market Forecasts to 2028 – Global Analysis By Product Type (Cups, Jars, Lids), Material (Polypropylene (PP), Polystyrene (PS)), Application (Beverages, Food) and By Geography

4.3 (35 reviews)
Published: December 2021 ID: SMRC21220
4.3 (35 reviews)
Published: December 2021 ID: SMRC21220

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Thin Wall Packaging Market is accounted for $45.36 billion in 2020 and is expected to reach $82.73 billion by 2028 growing at a CAGR of 7.8% during the forecast period. Some of the factors such as rising demand from the food & beverage sector and growing demand for lightweight packaging. However, strict regulations for food packaging are hampering market growth.

Thin wall packaging is widely used by the food and beverage industry as it is best suited for storing frozen, chilled food, dairy products and is easily deliverable via various e-commerce platforms. Thin wall packaging is also used in various other applications including cosmetics, personal care, pharmaceuticals, and household containers for wipes, cotton buds, and detergents.

Based on the production process, the thermoforming segment holds the largest share in the market due to because of its usage in the manufacturing of polystyrene thin wall products. Thermoforming and blow moulding are used for meat trays and bottles, with a low melt flow rate (MFR).

By geography, Europe is going to have a huge demand due to the rising foodservice packaging sector, increase in the consumption of packaged food products, a growing number of retail chains, rising foodservice packaging sector.

Some of the key players profiled in the Thin Wall Packaging Market include Acmepak Plastic Packaging Co., Ltd., Amcor, Berry Global Group, Dampack International Bv, Double H Plastics, INC., Faerch Plast A/S, Greiner Packaging International GmbH, Groupe Guillin SA, Insta Polypack, JRD International, Novio Packaging B.V., Omniform SA, PACCOR, Plastipak Industries INC, Reynolds Group, RPC Group, Saudi Basic Industries Corporation, Sem Plastik Sanayi Ve Ticaret A S, Shree Rama Multi-Tech Limited, Silgan Holdings Inc., and Takween Advanced Industries.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 45.36 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

7.8%

Predicted 2028 Value:

USD 82.73 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

220

Chapters Covered:

Production Process, Product Type, Material, Application and Region

Core Drivers and Opportunities:

  • Growth of the food & beverage industry
  • Rise in demand for customer-friendly and lightweight packaging

Restraining Factors & Market Threats:

  • Stringent regulations
  • Recycling & environmental concerns

 
Production Processes Covered:
• Injection Molding
• Thermoforming
• Extrusion

Product Types Covered:
• Cups
• Jars
• Lids
• Pots
• Trays
• Tubs
• Clamshells

Materials Covered:
• Polypropylene (PP)
• Polystyrene (PS)
• Polyvinyl Chloride (PVC)
• Polyethylene Terephthalate (PET)
• Polyethylene (PE)

Applications Covered:
• Beverages
• Food
• Electronics
• Non-Food

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China        
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Thin Wall Packaging Market is majorly driven by the increasing demand from the food & beverage sector and rising demand for lightweight packaging.

The polypropylene (PP) segment is growing at the highest CAGR due to the factors such as steam barrier properties, heat resistance, enhanced transparency, and strong impact and rigidity balance.

Europe dominated with a significant market share due to economic development and expansion of the foodservice packaging industry.

Asia Pacific market is growing at the highest CAGR due to rapid industrialization, increasing demand for ready-to-make products, and rising penetration of the e-commerce industry.

Key players in Thin Wall Packaging Market include Acmepak Plastic Packaging Co., Ltd., Amcor, Berry Global Group, Dampack International Bv, Double H Plastics, INC., Faerch Plast A/S, Greiner Packaging International GmbH, Groupe Guillin SA, Insta Polypack, JRD International, Novio Packaging B.V., Omniform SA, PACCOR, Plastipak Industries INC, Reynolds Group, RPC Group, Saudi Basic Industries Corporation, Sem Plastik Sanayi Ve Ticaret A S, Shree Rama Multi-Tech Limited, Silgan Holdings Inc., and Takween Advanced Industries.

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