ID: MRFR/PNT/5272-HCR | February 2021 | Region: Global | 100 pages
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.
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:
Global Thin Wall Packaging Market by Material:
Global Thin Wall Packaging Market by Production Process:
Global Thin Wall Packaging Market by Application:
Global Thin Wall Packaging Market by Region:
|Market Size||2023: USD 52,323.6 Million|
|CAGR||4.10% CAGR (2020-2027)|
|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||
|Key Market Drivers||
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.