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Packaging should keep products fresher longer while preserving their taste and smell. Moreover, light, reusable and complying with stringent food and safety regulations. Thin Wall Packaging USA is one of the types of packaging, emerging in food, beverages and various industries which comply to the regulation resulting increasing demand from food industry. Additionally, the demand for Thin Wall Packaging USA Market from the food & beverage industry is mainly due to preference for aesthetically pleasing and transparent packaging which drives the market.
Hence, the global Thin Wall Packaging USA market is expected to grow at a CAGR of 5.2% during the forecast period.
Asia-Pacific region dominates the global Thin Wall Packaging USA market
Geographically, the global Thin Wall Packaging USA market has been divided into four major regions namely 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. Rapid industrialization in various end-use industries and increasing disposable income of the consumers in this region can be accounted for the market growth. In addition, the growth of the middle-class population of this region along with the increasing demand for ease of handling and visible packaging are the factors driving the growth of the market in Asia-Pacific.
Asia-Pacific is expected to grow at the highest CAGR during the forecast period. In Asia-Pacific, China, Japan, and India are the major markets due to rapid rate of industrialization and increasing GDP of economies. Europe is expected to significantly contribute to the growth of the market during the forecast period. Improvement in the economic conditions, increase in the consumption of packaged food products, and the rising number of retail chains are driving the demand for Thin Wall Packaging USA market. North America is expected witness high growth during the forecast period mainly due to increasing demand from the food and beverage industry.
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The prominent players in the Thin Wall Packaging USA market include 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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