Thin Wall Packaging Market is estimated to be US$ 70.48 billion by 2030 with a CAGR of 4.30% during the forecast period

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Published Date: April 2024

Thin wall packaging is a type of packaging solution which supports in protecting products & goods. Thin wall packaging includes cups, trays, tubs, clamshells, and plastic jars render a way of supplying consumer appeal, convenience, and merchandise protection, while reducing the carbon footprint versus more traditional materials, like glass or metal. This helps to protect products and goods from contamination and physical damage during transportation. Thin Wall Packaging Market accounted for US$ 46.26 billion in 2020 and is estimated to be US$ 70.48 billion by 2030 and is anticipated to register a CAGR of 4.30%.

The report " Thin Wall Packaging Market, By Product Type (Tubs, Cups, Jars, Trays, Clamshells, Lids, Pots), By Production Process (Thermoforming, Injection Molding), By Material (PP, PE, PET, PS, PVC), By Application (Food, Beverages), and By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast till 2030”

Key Highlights:

On 6 May 2021, SABIC and KraussMaffei launched thin-wall packaging collaboration, and also expanded Thin-Wall Packaging Application Center in Nafels, Switzerland, the site of KraussMaffei's Swiss subsidiary and manufacturer of high-performance injection molding systems known under the Netsal brand.
In November 2017, RPC Superfos launched an innovative spoon-in-the-lid solution for yogurts, desserts, and other dairy products, this lid is especially useful for consumers who eat on the go.

Analyst View:

The increasing demand from the changing lifestyle, food & beverage industry, growing urban population, and rising disposable income, the global market for thin-wall packaging is set to flourish. The demand for food has augmented among consumers, especially among the working population in recent years. The increasing preference for lightweight, cost-effective, customer-friendly packaging is a support to the growth of the market. Strict mandates imposed on food packaging and its raw materials are major concerns presumed to retard the market growth during the forecast period. However, strict environmental regulations by the government are considered to impede market growth in the coming years.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Thin Wall Packaging Market, By Product Type (Tubs, Cups, Jars, Trays, Clamshells, Lids, Pots), By Production Process (Thermoforming, Injection Molding), By Material (PP, PE, PET, PS, PVC), By Application (Food, Beverages), and By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast till 2030”

Key Market Insights from the report:

Thin Wall Packaging Market accounted for US$ 46.26 billion in 2020 and is estimated to be US$ 70.48 billion by 2030 and is anticipated to register a CAGR of 4.30%. The Thin Wall Packaging Market is segmented by Product type, Production process, Material, Application, and Region.

By Product type, Thin Wall Packaging Market is segmented into Tubs, Cups, Jars, Trays, Clamshells, Lids, and Pots.
By Production Process, Thin Wall Packaging Market is segmented into Thermoforming, Injection Molding.
By Material, Thin Wall Packaging Market is segmented into PP, PE, PET, PS, PVC.
By Application, Thin Wall Packaging Market is segmented into Food, Beverages
By Region, Thin Wall Packaging Market is segmented into North America, Latin America, Europe, Middle East, Asia Pacific, and Africa.

Competitive Landscape:

Key players operating in the thin wall packaging market includes Amcor, Reynolds Group Holdings, Berry Global Group, RPC Group PLC, Silgan Holdings, Paccor GmbH (Coveris Rigid), Ilip SRL, Mold-Tek Packaging, Greiner Packaging International, AND Double H Plastics.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered