Global Thin Wall Packaging Market, By Product Type (Tubs, Cups, Trays, Jars, Clamshells, Pots, Lids), Production Process (Injection Molding, Thermoforming, Others), Application (Food and Beverages, Non-Food), Material (Polypropylene (PP), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polyethylene Terephthalate (PET), Polystyrene (PS), Polyvinyl Chloride (PVC), Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Thin Wall Packaging Market
Thin wall packaging market will reach an estimated valuation of USD 71.22 billion by 2028, while registering this growth at a rate of 5.85% for the forecast period of 2021 to 2028. Thin wall packaging market report analyses the growth, which is currently being growing due to the increasing demand for customer-friendly and lightweight packaging.
Thin wall packaging can be described as a form of packaging product that uses thin and lightweight plastics, saving time and cost-effectively manufacturing these items. The use of resources at a better production rate produces higher cost efficiency and thereby reduces the cost of the product. In a range of vertical industries, mainly in the food and beverage industry, this form of packaging is used.
Increasing consumption of on-the-go-food products, especially by working population, rising levels of disposable income of the people, changes in the lifestyle of the people, rapid urbanization, growing number of initiatives by the government against food safety procedures while promote the companies to look for a better option in terms of packaging materials, rising preference for lightweight, cost-efficient, convenient, and end user-friendly packaging are some of the major as well as important factors which will likely to augment the growth of the thin wall packaging market in the projected timeframe of 2021-2028. On the other hand, increasing number of research and development activities along with rising applications from emerging markets which will further contribute by generating massive opportunities that will lead to the growth of the thin wall packaging market in the above mentioned projected timeframe.
Increasing number of stringent regulations of the government regarding the usages of plastic along with volatility in the prices of raw material which will likely to hamper the growth of the thin wall packaging in the above mentioned projected timeframe. Environmental as well as recycling concern will become the biggest and foremost challenge for the growth of the market.
This thin wall packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on thin wall packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Thin Wall Packaging Market Scope and Market Size
Thin wall packaging market is segmented on the basis of product type, production process, material, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the thin wall packaging market is segmented into tubs, cups, trays, jars, clamshells, pots, and lids.
- Based on production process, the thin wall packaging market is segmented into injection molding, thermoforming, and others.
- On the basis of material, the thin wall packaging market is segmented into polypropylene (PP), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polystyrene (PS), polyvinyl chloride (PVC), and others.
- Thin wall packaging market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for thin wall packaging market includes food and beverages, and non-food. Food and beverages have been further segmented into chilled dairy, fruit and vegetables, meat, fish and poultry, frozen food, bakery, confectionery and snacks, and others. Non-food has been further segmented into pharmaceuticals, cosmetics and personal care, and industrial.
Thin Wall Packaging Market Country Level Analysis
Thin wall packaging market is analysed and market size, volume information is provided by country, product type, production process, material and application as referenced above.
The countries covered in the thin wall packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the thin wall packaging market due to the increasing demand for FMCG products and consumer inclination towards the convenient and packaged foods industry along with rising number of population and improved living standard in the region. Europe region is expected to hold the largest growth rate due to the economic development, increase in consumption of packaged food products, and expansion of food service packaging industry in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Thin Wall Packaging Market Share Analysis
Thin wall packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to thin wall packaging market.
The major players covered in the thin wall packaging market report are Amcor plc; Berry Global Inc.; SILGAN HOLDINGS INC.; PACCOR GROUP; Mold-Tek Packaging Ltd.; Greiner Packaging; DOUBLE H PLASTICS, INC.; by Novio Packaging B.V.; GUILLIN Group; Omniform; Takween Advanced Industries; Sanpac; Uniplast Knauer GmbH & Co. KG; Sunrise Plastics; Insta Polypack; PLASTIPAK INDUSTRIES INC.; Jrd International; Shree Rama Multi-Tech Ltd.; ACMEPAK PLASTIC PACKAGING, LTD.; Faerch A/S; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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