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The increasing demand for thin wall packaging from various end-use industries such as food, beverages, and others are expected to drive the growth of the market across the globe. These factors are also opening new opportunities for the market growth. Thin wall packaging is cost-effective, lightweight, and consumer-friendly and offers aesthetic appeal to the product. Growing demand for cost-effective and lightweight packaging is expected to generate growth opportunities for the market. However, different regulations and standards associated with the packaging may hinder the growth of the market.
For the purpose of this study, the global Thin Wall Packaging Market Size has been divided on the basis of four segments — material, product type, production process, application, and region. On the basis of material, the market has been segmented into polypropylene (PP), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polystyrene (PS), polyvinyl chloride (PVC) and others. Under the material segment, polypropylene accounts for the largest market share due to stiffness, heat resistance, steam barrier properties, elasticity, transparency, and rigidity offered by this material.
On the basis of product type, the market has been segmented into tubs, cups, jars, trays, clamshells, lids, and pots. Jars segment dominates the market and is expected to grow at the highest CAGR during the forecast period. Jars are preferred to store bakery products, confectioneries, ketchups, cosmetics and personal care products, and medicines which widens its application scope and contributes to the growth of the market segment. Lids segment is also expected to register substantial growth in the forecast period.
On the basis of production process, the market has been segmented into thermoforming and injection molding. Injection molding dominates the segment and is expected to grow at the highest CAGR during the forecast period. Injection molding offers faster production speed, increased productivity, low cost of production, and process uniformity which contributes to the growth of the segment. Thermoforming segment is also expected to register considerable growth in the forecast period.
On the basis of application, the market has been segmented into food, beverages, and others. Food dominates the end-use segment of the market and is expected to grow at the highest CAGR during the forecast period. Increase in the demand for portion control and single-serve products, environmental effects, and increasing consumption of packaged food are the factors driving the growth of the market. Beverages segment is also expected to significantly contribute to the growth of the market during the forecast period.
Key Players
The prominent players in the Thin Wall Packaging Market Size are Amcor Limited (Australia), Reynolds Group Holdings (New Zealand), Berry Global Inc. (US), RPC Group PLC (UK), Silgan Holdings (US), Mold-Tek Packaging (India), Double H Plastics (US), Ilip SRL (Italy), Greiner Packaging International GmbH (Austria), Groupe Guillin (France) among others.
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