Global Thin Wall Plastic Container Market By Product (Boxes and Bins, Trays, Cups, Lids, Thin Wall Pails, Bowls), Material (Polypropylene (PP), Polystyrene (PS), Polyethylene (PE), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polyethylene Terephthalate (PET)), Manufacturing Technology (Thermoformed, Vacuum Technology, Injection Molded Technology, Others), Application (Dairy Products, Frozen Foods, Fruits and Vegetables, Bakery and Confectionery, Juices and Soups, Meat, Seafood and Poultry, Ready-to-Eat Meals, Pharmaceuticals, Personal Care and Cosmetics, Paints, Lubricants and Adhesives) End User (Electronics, Food and Beverages, Cosmetics, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The growing complexity in the packaging sector needs to minimize the weight of packaging while observing more stringent regulations for food and consumer, increasing the demand for thin wall plastic packaging. Thin wall plastic packaging manufacturers engages with brand owners on the market trends and support them with their innovations which simultaneously enable down light weighting, lowering cost through faster production cycle times, minimizing waste and other environmental impact.
Data Bridge Market Research analyses that the thin wall plastic container market was valued at USD 32.20 billion in 2021 and is expected to reach USD 49.79 billion by 2029, registering a CAGR of 5.60 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Boxes and Bins, Trays, Cups, Lids, Thin Wall Pails, Bowls), Material (Polypropylene (PP), Polystyrene (PS), Polyethylene (PE), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polyethylene Terephthalate (PET)), Manufacturing Technology (Thermoformed, Vacuum Technology, Injection Molded Technology, Others), Application (Dairy Products, Frozen Foods, Fruits and Vegetables, Bakery and Confectionery, Juices and Soups, Meat, Seafood and Poultry, Ready-to-Eat Meals, Pharmaceuticals, Personal Care and Cosmetics, Paints, Lubricants and Adhesives) End User (Electronics, Food and Beverages, Cosmetics, Others)
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Countries Covered
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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 and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Dahl-Tech, Inc (U.S.), Us Pack Group (U.S.), Dash Packaging Inc (U.S.), Canyon Plastics Inc (U.S.), MJS Packaging (U.S.), Berry Global Inc.(U.S.), Graham Packaging Company (U.S.), Alpack Plastics (U.S.), Plastipak Holdings, Inc (U.S.), Indorama Ventures Public Company Limited (Thailand), Kaufman Container (U.S.), Amcor plc (Switzerland), Containers Plus (U.S.), Green Bay Plastics (U.S.), Mai animal health (U.S.), Zauba technologies and Data service private limited (India), Inmark global holding LLC (U.S.) and APEX Plastics (U.S.)
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Market Opportunities
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Market Definition
Thin wall plastic containers are made up of plastic resin such as PET, HDPE, LDPE, PE, etc. These plastic resins are generally used to form numerous products such as pawls, bottles and jars. Thin wall plastic-based containers are favourable for non-permeability of moisture, protection from sunlight, durability and lightweight. Increasing the demand for light weight packaging of food and beverages are positively influences the thin wall plastic containers market.
Thin Wall Plastic Container Market Dynamics
Drivers
- Growing adoption of lightweight packaging Methods
Thin wall plastics are valued due to their low weight because of this company use thin wall plastic for manufacturing of containers. The substituting plastic with alternatives such as glass, rubber, paper, steel, aluminum, cloth and paperboard, replacements are 4.6 times heavier on average plastic to produce the same style of packaging. The lightweight feature of thin wall plastic are expected to drive the growth of thin wall plastic container market.
- Growing e-commerce sector
The growth of e-commerce in pharmaceuticals, food and beverages, and FMCG have resulted in the increased the consumption of the packaged products which require packaging and it could protect the products from damages and contamination and damages. This trend is expected to boost the growth of the thin wall plastic container market during forecast period.
- Rising demand in food industry
Thin wall plastic containers are mainly used in packaging a variety of eatables and ready-to-eat food in the food and beverage vertical. Thin wall plastic containers have mainly found their application as dairy containers, bakery packaging, yogurt cups, frozen food packages, fruit and vegetable packaging, meal packages and juice packages among many others. The rising demand for the packaging of variety of food product are expected to rise the demand of thin wall plastic container.
Opportunities
- Rise in product innovations
The manufacturers are being used progressively in the molding technology for the thin wall packaging. Due to the new innovations in the manufacturing of thin wall plastic container product will create new opportunities for the market. In the upcoming years, the market will experience a major growth due to the growing developments in the thin wall plastic containers industry.
Also, the growing number of product innovations will increase new market opportunities for market growth. Many product advancements targeted at improving manufacturing and design processes which are also helping in market expansion.
Restraints/ Challenges
- Environmental concern
Pollution because of the high use of thin wall plastic containers has now become a global issue. Use of thin wall plastic also affects the environment. As a result, the manufacturers has aimed at decreasing the usage of thin wall plastics containers globally. The public's knowledge of the negative significances of plastic use has augmented dramatically during the last year this is the major restrain factor to obstruct the use of thin wall plastic containers which decreases the growth of the market.
Also, growing preferences towards biodegradable packaging and the harmful effects of plastic will also be expected to hinder the growth of the thin wall plastic container market during the forecast period.
This thin wall plastic container market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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, geographic expansions, technological innovations in the market. To gain more info on the thin wall plastic container market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Thin Wall Plastic Container Market
The covid-19 outbreak has impacted the economic status of all the industries. The lockdowns and curfew imposed by the governments of almost all the economies overall the globe has disrupted the supply chains and manufacturing activities, production and distribution processes. The supply and manufacture packaged product were allowed under severe conditions. Whereas the epidemic, the people were forced to buy packaged products, as a consequence of inconstancy and fear regarding pandemic. On the other hand, growing e-commerce sector and online platforms increase the demand of thin wall plastic containers because of huge demand of packed product mainly in grocery products. Hence, as an output of the rise in requirement for the packed products has slightly augmented the demand of the thin wall plastic containers.
Global Thin Wall Plastic Container Market Scope
The thin wall plastic container market is segmented on the basis of products, material, manufacturing technology, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Boxes and Bins
- Trays
- Cups
- Lids
- Thin Wall Pails
- Bowls
Material
- Polypropylene (PP)
- Polystyrene (PS)
- Polyethylene (PE)
- High-Density Polyethylene (HDPE)
- Low-Density Polyethylene (LDPE)
- Polyethylene Terephthalate (PET)
Manufacturing Technology
- Thermoformed
- Vacuum Technology
- Injection Molded Technology
- Others
Application
- Dairy Products
- Frozen Foods
- Fruits and Vegetables
- Bakery and Confectionery
- Juices and Soups
- Meat
- Seafood and Poultry
- Ready-to-Eat Meals
- Pharmaceuticals
- Personal Care and Cosmetics
- Paints, Lubricants and Adhesives
End User
- Electronics
- Food and Beverages
- Cosmetics
- Others
Thin Wall Plastic Container Market Regional Analysis/Insights
The thin wall plastic container market is analysed and market size insights and trends are provided by country, products, material, manufacturing technology, application and end-user as referenced above.
The countries covered in the thin wall plastic container market report are 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 and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
North America dominates the thin wall plastic container market in terms of market share during the forecast period. This is due to the growing demand for thin wall plastic container in this region. North America region dominates the thin wall plastic container market due to the increasing demand of the plastic packaging in this region.
During the estimated period, Europe is anticipated to be the fastest developing region due to the adoption of advanced technology and growing number of innovations in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Plastic Container Market Share Analysis
The thin wall plastic container 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 plastic container market.
Some of the major players operating in the thin wall plastic container market are:
- Dahl-Tech, Inc (U.S.)
- Us Pack Group (U.S.)
- Dash Packaging (U.S.)
- Canyon Plastics Inc (U.S.)
- MJS Packaging (U.S.)
- Berry Global Inc.(U.S.)
- Graham Packaging Company (U.S.)
- Alpack plastics(U.S.)
- Plastipak Holdings, Inc (U.S.)
- Indorama Ventures Public Company Limited (Thailand)
- Kaufman Container (U.S.)
- Amcor plc (Switzerland)
- Containers Plus (U.S.)
- Green Bay Plastics (U.S.)
- Mai animal health (U.S.)
- Zauba technologies and Data service private limited (India)
- Inmark global holding LLC (U.S.)
- APEX Plastics (U.S.)
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