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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 Global Thin Wall Packaging market in the following years.
Regional Insight
The latest trends and opportunities in the Global Thin Wall Packaging Market have been analyzed across the key regions of North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW).
In Europe, the Global 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.
Market Segmentation
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 molding, and others. The injection molding 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.
Prominent Vendors
Top performers in the worldwide Global Thin Wall Packaging market include Berry Global Inc. (The U.S.), RPC Group PLC (U.K.), Double H Plastics (The U.S.)
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