Thin Wall Packaging Market Size, Outlook, Strategies, Industry Analysis, Future Scope, key Drivers Forecast to 2023
Summary
Global Thin Wall Packaging Market Size, 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
Scenario
According to an eminent research firm, Market Research Future (MRFR), the global Thin Wall Packaging Market Size, 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 Market Size, 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.
Segmentations
For a better understanding, the Thin Wall Packaging Market Size report has been segmented into five key dynamics:
By Product Type : Cups, Tubs, Trays, Clamshells, Jars, Pots, and Lids, 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
The Asia Pacific region backed by its burgeoning food & beverages industry accounts for the largest share in the global Thin Wall Packaging Market Size,. Due to the rapid industrialization and penetration of the e-commerce industry, the region is expected to retain its dominance throughout the forecast period. Also, the growing demand for ready-to-eat products, especially among the working population, would drive the market in this region.
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 Market Size, 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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