Thin Wall Packaging USA Market Size Estimated To Project USD 52,323.6 Million By 2023
Summary
Global Thin Wall Packaging USA Market Trends, Future Scope, Analysis, Size, Share 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 2023
Thin Wall Packaging USA Market Scenario
According to an eminent research firm, Market Research Future (MRFR), the global Thin Wall Packaging USA market would reach a valuation of USD 52,323.6 MN by 2023, registering 4.10% CAGR throughout the forecast period (2017-2023). In the year 2017, the market valuation had settled at USD 41,045.2 MN.
Major Players
Players leading the global Thin Wall Packaging USA market include
- Reynolds Group Holdings (Auckland)
- Amcor Limited (Australia)
- Berry Global Inc. (US)
- Silgan Holdings (US)
- RPC Group PLC (UK)
- Mold-Tek Packaging (India)
- Ilip SRL (Italy)
- Double H Plastics (US)
- Groupe Guillin (France)
- Greiner Packaging International GmbH (Austria), among others.
Competitive Landscape
Highly competitive, the Thin Wall Packaging USA market appears to be fragmented characterized by the presence of several large and small-scale players. These players incorporate strategic initiatives such as collaboration, acquisition, partnership, expansion, and technology launch to gain a competitive advantage in the market.
Industry/Innovation/Related News
July 03, 2019 ---- Borealis AG (Austria), one of the largest producers of polyethylene and polypropylene, launches recycling technology Borcycle™, an evolving technology to be used to produce high-quality compounds made of recycled polyolefins (rPO).
Segmentations
For a better understanding, the Thin Wall Packaging USA Market report has been segmented into five key dynamics:
By Product Type : Cups, Tubs, Trays, Clamshells, Jars, Pots, and Lids, among others.
By Material : Polypropylene (PP), High-density Polyethylene (HDPE), Polyethylene Terephthalate (PET), Polystyrene (PS), and Polyvinyl Chloride (PVC), among others.
By Production Process : Injection Molding and Thermoforming, among others.
By Application : Food & Beverages, Electronics, and Cosmetics, among others.
By Regions : North America, Asia Pacific, Europe, and the Rest-of-the-World.
Regional Analysis
Moreover, the demand for sustainable packaged solutions from the F&B industry is further expected to foster the growth of the market. Factors such as the increasingly lucrative opportunities in the packaging industry and the large exports of fresh produce, especially from China and India, propel the regional market.
North America Thin Wall Packaging USA market is multiplying too mainly due to the demand for convenience packaging, which is led by the growing online food delivery market. Stringent government regulations for packaging of edible items and the ever increasing demand for quality packaging are driving the regional market growth. Higher disposable income is a key driving force behind the significant demand for efficient packaging in the F&B industry.
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