Thin Wall Packaging Market Size Share Increasing Demand Emerging Trends Forecast 2023

Market Overview

According to Market Research Future (MRFR), the global thin wall packaging market is estimated to reach USD 52,323.6 million at a 4.10% CAGR from 2017 to 2023 (forecast period). The study discusses and explores the influence of the outbreak of COVID-19 on the global thin wall packaging market, including future opportunities and threats, drivers, and risks.

Thin wall packaging is a type of packaging solution that helps protect products and goods from contamination and physical damage during transport. The packaging is an essential part of the growth of every product-based business. As demand for pre-packaged food increases, the market for thin-wall packaging is expected to propel around the globe. Thin wall plastic packaging, for example, cups, tubs, clamshells, trays, and plastic jars, provide convenience and product safety, a way of delivering consumer appeal that decreases carbon footprints compared to conventional materials such as metal or glass.

Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/6735

Market Dynamics

With growing demand from the food and beverage industry, evolving lifestyles, an increasing urban population, and increasing disposable income, the global market for thin-wall packaging is expected to expand. The demand for packaged food has increased among consumers, especially among the working population in recent years. The growing preference for lightweight, customer-friendly, and cost-effective packaging has further boosted the market growth.

Meanwhile, the strict mandates imposed on food packaging and its raw materials are some of the significant concerns expected to hinder the market growth during the assessment period. Furthermore, stringent environmental regulations by the government are considered to inhibit the development of the market in the coming years.

Market Segmentation

The global thin wall packaging market has been segmented into product type, material, production process, and application.

By product type, the global thin wall packaging market has been segmented into tubs, trays, jars, clamshells, cups, pots, and lids. The tubs segment dominates the global market and is anticipated to display the fastest growth rate.

By material, the global thin wall packaging market has been segmented into polypropylene (PP), polystyrene (PS), high-density polyethylene (HDPE), polyethylene terephthalate (PET), polyvinyl chloride (PVC), and others. The polypropylene (PP) dominates the global market and is considered to experience the fastest growth rate during the assessment period.

By production process, the global thin wall packaging market has been segmented into injection molding, thermoforming, and others. The injection molding dominates the global market and is considered to exhibit the fastest growth rate.

By application, the global thin wall packaging market has been segmented into food & beverages, electronics, cosmetics, and others. The food & beverage application dominates the global market and is considered to exhibit the fastest growth rate.

Regional Analysis

The global thin wall packaging market is span across four major regions, namely - North America, Europe, Asia Pacific, and the Rest of the World.

The Asia Pacific is considered to be dominating the global market and is projected to rise at the fastest pace. Growth is due to rapid industrialization, a rise in middle-class income, and the penetration of the e-commerce industry in the region. Moreover, the increasing demand for ready-to-make items, especially among the working population, is expected to drive this region's market. The demand for sustainable packaged solutions from the food and beverage industry is also likely to increase market growth. On the flip side, Europe is expected to project significant demand due to economic growth, expansion of the foodservice packaging industry, and increased consumption of packaged food products.

Browse complete report @ https://www.marketresearchfuture.com/reports/thin-wall-packaging-market-6735

Key Players

The industry giants in the global thin wall packaging market are Amcor Limited (Australia), Reynolds Group Holdings (Auckland), Berry Global Inc. (The U.S.), RPC Group PLC (U.K.), Silgan Holdings (The U.S.), Mold-Tek Packaging (India), Double H Plastics (The U.S.), Ilip SRL (Italy), Greiner Packaging International GmbH (Austria), and Groupe Guillin (France).

Company name: Market Research Future

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com 

Comments

Post a Comment

Popular posts from this blog

Truck Rental Market Information by Truck Type (Heavy Commercial Vehicle and Light Commercial Vehicle), Lease Type (Finance Lease and Full-Service Lease), and by Region (North America, Europe, Asia-Pacific, and the Rest of the World)- Forecast till 2024

Market Overview The truck rental market is anticipated to grow rapidly at a CAGR of 15.3%  during the forecast period. The global truck rental market is driven by continuously increasing demand for trucks from different industry verticals and rapid population growth. These factors have helped shape the truck rental market and are expected to boost the growth. Companies in the truck rental market could also face challenges such as hidden operational risks as well as lack of service truck rental providers. The details covered in the global market report cover all the aspects of the industry. truck rental market analysts have also shared growth projections in the report and have suggested truck rental market players to plan growth strategies accordingly. Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/7825 Market Segmentation The global truck rental market has been segmented based on truck type and lease type. On the basis of truck type, the market f...
Read more

Logistics Market Share Size Increasing Demand Industry Growth Forecast 2023

  Market Synopsis  As per the research by Market Research Future Reports (MRFR), the global logistics market 2020 is majorly driven by the advancement and development of international trade flow. The Global Logistics Market is estimated to expand at a CAGR of 7.2% during the review period. The expansion in worldwide trade has augmented the market size. Moreover, the trade policies implemented by the government are also assisting in the expansion of the market. Advancements made in shipping, port-services, warehousing, transportation sector have also played a significant role in the expansion of the market. The impeccable expansion of the e-commerce sector is a remarkable element amplifying the expansion of the global logistics market. Moreover, the demands of consumers have magnified due to the increasing demand for international as well as local commodities. The market is growing exponentially due to the robust globalization along with population growth.  However, D...
Read more

Water and Wastewater Pipe Market is Anticipated to Attain 6.53% CAGR Increasing Construction Activities Worldwide Drives Forecast 2024

Market Overview According to Market Research Future (MRFR), the global water and wastewater pipe market is estimated to expand at 6.53% CAGR from 2018 to 2024 (forecast period). This report provides a complete and accurate description of the impact of COVID-19 on the global water and wastewater pipe market. Water and wastewater pipe market is an integral part of the industrial and commercial sectors. As infrastructure development activities increase, there is also a growing demand for water and wastewater pipes. Increased maintenance also allows for effective water management systems. With the rise in global populations and urbanization, the water demand has also risen, resulting in the rapid growth of this market. Industrial toxic waste pollutes drinking water sources, increasing the need for proper water channeling. Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/7997 Market Dynamics Increasing residential and commercial construction activities ac...
Read more