Thin Wall Packaging Market Research Report by Global Forecast to 2027

Thin Wall Packaging Market Research Report by Product Type (Tubs, Cups, Trays, Jars, Clamshells, Pots, Lids), Material (Polypropylene, High Density Polyethylene, Polyethylene Terephthalate, Polystyrene, Polyvinyl Chloride, and Others), Production Process (Injection Molding, Thermoforming, and Others), Application (Food & Beverages, Electronics, Cosmetics and Others), By Region (North America, Europe, Asia-Pacific and Rest-of-the-World) - Forecast to 2027

ID: MRFR/PNT/5272-HCR | February 2021 | Region: Global | 100 pages

Thin Wall Packaging Market Scenario:


Thin wall packaging market was valued at USD 41,045.2 million in 2017 and is anticipated to garner USD 52,323.6 Million by the end of 2023, according to Market Research Future (MRFR). The worldwide market is likely to demonstrate 4.10% CAGR during the forecast period (2017-2023).


Thin wall packaging is referred to as a type of packaging solution which is helpful in protecting products and goods from contamination and physical damage during transportation. Packaging plays an integral part in the growth of any product-based business. With the rising demand for pre-packaged food, the market for thin-wall packaging is presumed to propel across the globe. Thin wall plastic packaging, for instance, cups, tubs, clamshells, trays, and plastic jars offer convenience and product protection, a means of supplying consumer appeal, which reducing carbon footprints versus traditional materials such as metal or glass.


With the rising demand from the food and beverage industry, changing lifestyle, growing urban population, and increasing disposable income, the global market for thin-wall packaging is set to flourish. The demand for packaged food has augmented among consumers, especially among the working population in recent years. The rising preference for light-weight, customer-friendly, and cost-effective packaging has further propelled the market growth.

 

Meanwhile, strict mandates imposed on food packaging and its raw materials are some of the major concerns presumed to retard the market growth during the assessment period. Moreover, strict environmental regulations by the government are considered to impede the market growth in the coming years.

 

Key Players:

 

The key players of the global thin wall packaging market comprise Amcor Limited (Australia), Reynolds Group Holdings (Auckland), Berry Global Inc. (The U.S.), RPC Group PLC (U.K.), Silgan Holdings (The U.S.), Mold-Tek Packaging (India), Double H Plastics (The U.S.), Ilip SRL (Italy), Greiner Packaging International GmbH (Austria), and Groupe Guillin (France).

 

Segmentation Analysis:

 

The global thin wall packaging market has been segmented on the basis of product type, material, production process, application, and region.

 

Based on product type, the global thin wall packaging market has been segmented into tubs, cups, trays, jars, clamshells, pots, and lids. Among these, the tubs segment leads the global market and is anticipated to exhibit the fastest growth rate.

 

Based on material, the global thin wall packaging market has been segmented into polypropylene (PP), high-density polyethylene (HDPE), polyethylene terephthalate (PET), polystyrene (PS), polyvinyl chloride (PVC), and others. Among these, the polypropylene (PP) leads the global market and is considered to exhibit the fastest growth rate during the review period.

 

Based on the production process, the global thin wall packaging market has been segmented into injection molding, thermoforming, and others. Among these, the injection molding leads the global market and is considered to exhibit the fastest growth rate.

 

Based on application, the global thin wall packaging market has been segmented into food & beverages, electronics, cosmetics, and others. Among these, the food & beverages application leads the global market and is considered to exhibit the fastest growth rate.

 

Regional Analysis:

 

The global thin wall packaging market span across four major regions namely - North America, Europe, Asia Pacific, and Rest-of-the-World.

 

Asia Pacific is considered to lead the global market and is estimated to grow at the fastest rate. The growth is attributed to the rapid industrialization, increasing middle-class income, and penetration of the e-commerce industry in this region. Also, the growing demand for ready-to-make products especially among the working population is presumed to drive the market in this region. The demand for sustainable packaged solutions from the food and beverage industry is further expected to augment the market growth. Europe, on the other hand, is likely to project substantial demand due to economic development, expansion of foodservice packaging industry, and growing consumption for packaged food products.

Research Methodology:


Data analysts at MRFR ensure an objective analysis of the market while preparing market research reports by following set of standards which allow a comprehensive view of the market and its several components. Several factors comprising economic growth, government expenditure, supply channels and distribution channels have been scrutinized to relay precise information. In addition, market-size estimation and validation use top-down and bottom-up approaches in order to obtain data from the demand and supply side. Analysis of data has been performed by using research framework suited to the specific industry. The frameworks are developed by the MRFR team which serves as a research standard that provides tools to create reliable market reports.


Global Thin Wall Packaging Market by Product Type:



  • Tubs

  • Cups

  • Trays

  • Jars

  • Clamshells

  • Pots

  • Lids


  Global Thin Wall Packaging Market by Material:



  • Polypropylene

  • High-Density Polyethylene

  • Polyethylene Terephthalate

  • Polystyrene

  • Polyvinyl Chloride


Global Thin Wall Packaging Market by Production Process:



  • Injection Molding

  • Thermoforming


Global Thin Wall Packaging Market by Application:



  • Food & Beverages

  • Electronics

  • Cosmetics


Global Thin Wall Packaging Market by Region:



  • North America

  • Europe

  • Asia-Pacific

  • Rest-of-the-World



Report Scope:
Report Attribute/Metric Details
  Market Size   2023: USD 52,323.6 Million
  CAGR   4.10% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product Type, Material, Production Process, and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Amcor Limited (Australia), Reynolds Group Holdings (Auckland), Berry Global Inc. (The U.S.), RPC Group PLC (U.K.), Silgan Holdings (The U.S.), Mold-Tek Packaging (India), Double H Plastics (The U.S.), Ilip SRL (Italy), Greiner Packaging International GmbH (Austria), and Groupe Guillin (France)
  Key Market Opportunities

  • Rising preference for light-weight
  • Customer-friendly
  • Cost-effective packaging

    		•
      Key Market Drivers

  • Rising demand from the food and beverage industry
  • Changing lifestyle
  • Growing urban population
  • Increasing disposable income

    		•


    Frequently Asked Questions (FAQ) :

    The global thin wall packaging market was valued at USD 41,045.2 million in 2017.

    The thin wall packaging market will be gaining a valuation of USD 52,323.6 million by the year end of 2023.

    The forecast period of the thin wall packaging market is from 2020 to 2027.

    The rising demand from the food and beverage industry, changing lifestyle, emergent urban population, as well as upward disposable income are driving the global market for thin-wall packaging to expand in future.

    The product type, material, production process, application are the segments under segmental analysis of the thin wall packaging market.