Thin Wall Packaging Market 2019 Global Industry Analysis by Segments, Opportunities, Statistics, and Key Country Forecast to 2023. Report Analyses Global Thin Wall Packaging Industry by Product Type, Material, Production Process (Injection Melding, Thermoforming, and Others), Application (Food & Beverages, Electronics, Cosmetics and Others), By Region (North America, Europe, Asia-Pacific and Rest-of-the-World) and Regional Outlook to 2023. Global market size estimated to project USD 52,323.6 million at 4.10% CAGR
Market Overview
The global thin wall packaging market value in 2017 was USD 41,045 and can touch a valuation of USD 52,323.6 million by 2023, asserts Market Research Future (MRFR). The market can quite possibly record a CAGR of 4.10% during the forecast period (2017-2023).
Primary Drivers and Key Challenges
Thin wall packaging technology is highly useful in protecting the goods and products against contamination from the environment as well as human touch. It also helps protect the content present in the package from any physical damage. Thin wall packaging like plastic jars trays, clamshells, tubs, and cups are in high demand in the market.
Mounting demand for pre-packaged edibles resulting from massive ubiquity of thin-wall packaging in the food and beverages industry is foreseen to lead to market growth. Also, strong demand for packaged food, food-on-the-go and ready to make food among working individuals can do wonders for the thin wall packaging market in the following years.
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Expanding urban population combined with the rise in the buyer’s disposable income around the world can help the market take it up a notch in the years ahead. In addition, growing inclination for affordable, lightweight, and easy to use packaging is believed to be a solid reason for the strong growth of the thin wall packaging market anticipated in the near future.
Market Segmentation
All the aspects of the global thin wall packaging market have been examined on the basis of segments like product type, material, production process and application.
Considering the product type, the global thin wall packaging market has been segregated into cups, tubs, jars, trays, pots, lids and clamshells. Between these, the tubs segment is at the top position in the global market, with estimations of it achieving the growth rate in the following years.
With respect to the material, the global thin wall packaging market consists of polyvinyl chloride (PVC), high-density polyethylene (HDPE), polypropylene (PP), polystyrene (PS), polyethylene terephthalate (PET), and others. Out of these, the polypropylene (PP) segment has captured the dominant position in the global market and can record the fastest CAGR during the review period.
In terms of the production process, the global thin wall packaging market has been considered for thermoforming, injection melding, and others. The injection melding segment enjoys maximum demand in the market and can potentially record the highest growth rate during the conjectured timeframe.
With regard to application, the global thin wall packaging market caters to cosmetics, electronics, food & beverages, and others. Here, the food & beverages application is the leading segment in the global market and is believed to achieve the fastest growth rate in the ensuing years.
Regional Insight
The latest trends and opportunities in the thin wall packaging market have been analysed across the key regions of North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW).
APAC, in addition to be the largest market for thin wall packaging, is also estimated to achieve the fastest CAGR in the coming years. Expanding middle class people and the fast-pace of industrialization along with increasing disposable income in the region benefits the market. The region market also gains from the mounting demand for sustainable food items in the food and beverages industry and otherwise. Additionally, boom in web based business activities is working in favour of the regional market.
In Europe, the thin wall packaging market is riding high on the back of advancing foodservice packaging industry and rising demand for packaged food items. Surge in retail chain tasks across the region also induces market growth.
Rising R&D activities by manufacturers are also driving the market growth in North America.
Mounting number of retail chains coupled with the presence of an illustrious foodservice packaging sector in the region also adds to the market strength.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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The Thin Wall Packaging Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.This research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global thin wall packaging market are Amcor Limited, Berry Global Inc., Double H Plastics, Greiner Packaging International GmbH, GroupeGuillin, Ilip SRL, Mold-Tek Packaging, Reynolds Group Holdings, RPC Group PLC, and Silgan Holdings.
This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.Get more information on "Global Thin Wall Packaging Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/thin-wall-packaging-market/download-sampleMarket DynamicsThe increasing demand for pre-packaged food, as thin wall packaging is used for packaged food is driving the market growth.
Moreover, rising demand for lightweight and customer friendly packaging is again fueling the market growth.
However, stringent government regulations regarding the use of plastic packaging may hamper market growth.The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity.
Emergen Research’s latest document, titled ‘Global Thin Wall Packaging Market - Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the global Thin Wall Packaging market.
Its panoramic view of the Thin Wall Packaging industry entails useful insights into the estimated Thin Wall Packaging market size, revenue share, and sales & distribution networks.The global Thin Wall Packaging Market will be worth USD 66.75 Billion by 2027, according to a current analysis by Emergen Research.
The growth of this market can be attributed to the increasing demand for thin wall packaging solutions from the manufacturers of the food & beverage industry.
Besides, the emergence of the e-commerce channels in the food & beverage industries is expected to drive the demand for the product over the forecast period.
Market Drivers:The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years.
The report studies the extensive business expansion plans and advancements in R activities and product portfolio.
