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Thin Wall Packaging Market size estimated to project USD 52,323.6 million at 4.10% CAGR

Thin Wall Packaging Market size estimated to project USD 52,323.6 million at 4.10% CAGR

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Thin Wall Packaging Market size estimated to project USD 52,323.6 million at 4.10% CAGR

Summary Global Thin Wall Packaging Market Research Report, By Material (PP, HDPE, LDPE, PET, PS, PVC) Product Type (Tubs, Cups, Jars, Trays, Clamshells, Lids, Pots), Production Process (Thermoforming, Injection Molding) Application and Region — Forecast till 2023

Market Synopsis: Global Thin Wall Packaging Market The packaging industry has gained momentum in the last few decades and is expected to witness more opportunities for the packaging manufacturers. Thin wall packaging is increasingly being used in food, beverage, and various other industries. Benefits associated with thin wall packaging are costeffectiveness and aesthetic appeal. Geographically, the global market for thin-wall packaging has been divided into four major regions — North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific accounted for the largest market share, in 2017, followed by Europe and North America. Factors affecting the growth of this market are rapid industrialization and increase in disposable income of consumers in this region. In addition, the growth of middle-class population and increase in demand for convenient packaging is driving the growth of the market. However, different regulations and standards associated with the packaging may hinder the growth of the market.

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Asia-Pacific is expected to grow at the highest CAGR during the forecast period. Increasing demand for sustainable product packaging mainly in food & beverages industry is expected to drive the market growth. Europe is expected to be a fast-growing market during the forecast period. Improving economic conditions, increasing consumption of packaged food products, and the rising number of retail chains are the major factors driving the market in this region. North America is expected to contribute significantly during the forecast period mainly due to rapid expansion of the food and beverage industry.

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Thin Wall Packaging Market size estimated to project USD 52,323.6 million at 4.10% CAGR

Key Players: The key players of the global thin wall packaging market comprise 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). Global Thin Wall packaging Market, By Segment

For the purpose of this study, the global thin wall packaging market has been divided on the basis of — material, product type, production process, end-use, and region. On the basis of material, the market has been segmented into polypropylene (PP), high-density polyethylene (HDPE), lowdensity polyethylene (LDPE), polyethylene terephthalate (PET), polystyrene (PS), polyvinyl chloride (PVC) and others. Under the material segment, polypropylene accounts for the largest market share. Polypropylene is preferred due to its stiffness, heat resistance, steam barrier properties, elasticity, transparency, and rigidity. On the basis of product type, the market has been segmented into tubs, cups, jars, trays, clamshells, lids, and pots. Jars segment is dominating the product type segment and is expected to grow at the highest CAGR during the forecast period. Rise in demand for thin wall packaging from food packaging industry is driving the growth of this segment. Jars are preferred for storing bakery products, confectioneries, and ketchups. They are also used for packaging cosmetics and personal care

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Thin Wall Packaging Market size estimated to project USD 52,323.6 million at 4.10% CAGR

products, and medicines. Lids and trays are also expected to significantly contribute to the market growth during the forecast period. On the basis of production process, the market has been segmented as follows: thermoforming and injection molding. Injection molding segment is dominating the production process segment of the market and the same is expected to grow at the highest CAGR during the forecast period. The adoption of injection molding is attributed to its various benefits including faster production speed, increased productivity, low cost of production, and uniformity of process. Thermoforming is also expected to contribute to the growth during the forecast period.

On the basis of application, the market has been segmented as food, beverages and others. Food segment dominates the application segment and is expected to grow at the highest CAGR during the forecast period. Increase in demand for portion control and single-serve products, environmental effects, and the increasing consumption of packaged food are the factors driving the growth of the market. Beverages segment is also expected to contribute significantly during the forecast period . Hence, the global thin wall packaging market is expected to grow at a CAGR of 5.2% during the forecast period. Intended Audience: •

End-Users

Government Associations

Research Institutes

Distribution vendors

Technology Innovators

Manufacturers

thin wall packaging

plastic molding

thermoforming machine

injection moulding machine

plastic packaging

thin wall injection molding

plastic injection molding

clear plastic tube

thin molding

DC

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Thin Wall Packaging Market size estimated to project USD 52,323.6 million at 4.10% CAGR

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Thin Wall Packaging Market size estimated to project USD 52,323.6 million at 4.10% CAGR

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Thin Wall Packaging Industry  

Report Analyses Global Thin Wall Packaging Market by Product Type (Tubs, Cups, Trays, Jars, Clamshells, Pots, Lids), Material (Polypropylene...

Thin Wall Packaging Industry  

Report Analyses Global Thin Wall Packaging Market by Product Type (Tubs, Cups, Trays, Jars, Clamshells, Pots, Lids), Material (Polypropylene...

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