Home / Press Release / Global Thin Wall Packaging Market Expected to Grow At a CAGR of 4.5% During the Forecast Period

Global Thin Wall Packaging Market Expected to Grow At a CAGR of 4.5% During the Forecast Period

The latest market report published by Credence Research, Inc. “Thin Wall Packaging Market: Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the thin wall packaging market was valued at US$ 41.7 Bn in 2018 and expected to grow at a CAGR of 4.5% during the forecast period from 2019 to 2027.

Market Insights

"Growing demand for lightweight and eco-friendly packaging worldwide will drive the demand for Thin Wall Packaging Market"

The thin wall packaging market is majorly driven by the surge in demand for lightweight and eco-friendly packaging solutions worldwide. The rapid surge in demand for packaged food and growing food & beverages industry are some other major growth factors anticipated to enhance the global market over the forecast period. Changing consumer lifestyle along with growing demand of thin wall packaging from developing economies such as India, China, Brazil, Indonesia and others are also estimated to support the market growth during the forecast period. Stringent government regulations to reduce packaging weight is another prominent factor for the market demand in years to come. Introduction of recyclable packaging material and adoption of bio-based materials are some other key factors projected to further drive the global market growth throughout the forecast period. Europe had a major share in the global thin wall packaging market in 2018.

Industrial Developments

Key Market Movements:

List of Companies Covered:

Browse the full report at https://www.credenceresearch.com/report/thin-wall-packaging-market

The Global Thin Wall Packaging Market is Segmented into:

Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Million

 By Type of Fog Lights (2019–2027; US$ Mn)

 By Color Type (2019–2027; US$ Mn)

 By Channel (2019–2027; US$ Mn)

 By Vehicle (2019–2027; US$ Mn)

 By Geography Segment (2019–2027; US$ Mn)

*Complete segmentation list is on report page

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