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Thin Wall Packaging Market By Source Type (Wood Pulp, Non-wood Pulp), By Molded Type (Thick Wall, Transfer, Thermoformed, Processed), By Product Type (Trays, Cups, Clamshells, Plates, Bowls, Others), By End-user (Food Service Disposables, Food Packaging, Healthcare, Electronics, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027

Key Market Insights

“Rising demand for lightweight packaging solutions worldwide will boost market growth”

The global thin wall packaging market is rising significantly, anticipated to expand at a CAGR of 4.5% during the estimated period from 2019 to 2027, starting from US$ 41.7 Bn in 2018.

The global thin wall packaging market is majorly driven by the rising food & beverage industry and growing demand for lightweight packaging. A surge in demand for a consumer-friendly and changing lifestyle are some other factors expected to drive the market in years to come. A rise in disposable income along with the growing demand for thin-wall packaging from developing countries are some other factors responsible for market growth over the forecast period. Growing demand from the packaged food industry is another prominent factor anticipated to enhance market growth during the forecast period. Thin wall packaging has numerous benefits such as low cost, lightweight, easy to use, and others that are expected to support market growth throughout the forecast period. A surge in need for reducing packaging weight coupled with stringent government regulations for packaged food is some other key factors projected to further enhance the market growth in years to come. Adoption of bio-based and recycling raw materials in the packaging industry is anticipated to boost the market growth over the forecast period.

Market Synopsis

Production Process Analysis

“Injection molding segment to continue its dominance”

The injection molding segment has a major share in the global thin wall packaging market in 2018. Different benefits of injection molding production process such as low cost, reduce production time, less wastage, and others are expected to support the segment growth over the forecast period. Uniformity of the injection molding process is anticipated to drive the market in years to come. Therefore, it is estimated that the injection molding segment is projected to continue its dominance in the global market. On the contrary, the thermoforming production process projected to register declining CAGR during the forecast period owing to the polystyrene ban in major countries on account of environmental concerns.

End-user Analysis

“Increasing food packaging industry to spur the segment growth”

The food segment dominated the thin wall packaging market in 2018. The segment has its dominance due to growth in the food packaging industry. Growing demand for single-serve and portion control products along with growing environmental concerns and rising packaged food consumption is expected to drive the market over the forecast period. Increased disposable income and changing lifestyle are some other factors expected to further enhance market growth during the forecast period. On the other hand, the beverage segment is anticipated to expand with a substantial share in the global thin wall packaging market over the forecast period (2019-2027) owing to growing health concerns and a surge in the beverage industry in Asia Pacific.

Regional Analysis

“The rising demand for eco-friendly packaging to spur the Europe growth”

In 2018, Europe has the highest share in the thin wall packaging market and expected to continue its dominant position over the forecast period. Increased demand for eco-friendly, visually appealing, and convenient packaging in the region are the major factors responsible for regional growth. Expansion of the retail industry coupled with rising domestic food exports is some other factor anticipated to drive regional growth during the forecast period. In addition, a growing focus on the reduction of food waste and packaging waste is projected to drive the growth of Europe. As a result of the aforementioned factors, Europe is expected to continue its dominance throughout the forecast period.

Key Industrial Developments

  • In June 2017, RPC Group acquired a key manufacturer for thermoformed and molded plastic packaging Astrapak South Africa. With the acquisition of Astrapak, RPC group is anticipated to enhance their market presence in the thin wall packaging market.   

List of Companies Covered:

  • Double H Plastics
  • Amcor PLC
  • Greiner Packaging International
  • Berry Global
  • Mold-Tek Packaging
  • Silgan Holdings
  • PACCOR
  • Reynolds Group
  • RPC Group
  • SABIC

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Market Segmentation

 

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Production Process (2017–2027; US$ Bn)
 • Injection Molding
 • Thermoforming

 Material (2017–2027; US$ Bn)
 • Polypropylene (PP)
 • High-density Polyethylene (HDPE)
 • Low-density Polyethylene (LDPE)
 • Polyethylene Terephthalate (PET)
 • Polystyrene (PS)
 • Polyvinyl Chloride (PVC)
 • Others

 Product Type (2017–2027; US$ Bn)
 • Tubs
 • Cups
 • Jars
 • Trays
 • Clamshells
 • Pots
 • Lids

 Application (2017–2027; US$ Bn)
 • Food
 • Beverages
 • Others

 Geography (2017–2027; US$ Bn)
 • North America (U.S., Canada)
 • Europe (U.K., Germany, France, Spain, Italy, Rest of Europe)
 • Asia Pacific (Japan, China, India, Rest of Asia Pacific)
 • Rest of the World (Latin America, Middle East & Africa)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the overall thin wall packaging market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Key questions answered in this report

  • What are the current market trends and dynamics in the thin wall packaging market and valuable opportunities for emerging players?
  • Which segment accounts for the fastest CAGR during the forecast period?
  • What are the drivers of the thin wall packaging market?
  • Notable developments going on in the thin wall packaging market.
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  May 2020
Category:  Packaging
Report ID:   60275
Report Format:   PDF
Pages:   120
Rating:    4.4 (56)
Delivery Time: 24 Hours to 48 Hours   
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