Global thin wall packaging market is expected to rise from its initial estimated value of USD 42.58 billion in 2018 to an estimated value of USD 60.32 billion by 2026, registering a CAGR of 4.45% in the forecast period of 2019-2026.

Thin wall packaging can be defined as a type of packaging product that utilizes plastics that are thin & lightweight which makes the production of these products time saving and cost efficient. Higher cost efficiency is achieved by utilization of resources at a better rate of production and therefore costing of the product is reduced. This type of packaging is employed in a number of industry verticals, majorly from the food & beverage market.

Market Drivers:
• Rise in demand for food & beverage industry due to the rising adoption & preference of easy-to consume foods is also expected to drive the market growth
• High demand for lightweight and consumer friendly packaging solutions is also expected to drive the market growth
Market Restraints:
• Presence of stringent regulations set by the authorities regarding the usage of plastics is expected to act as a restraint to the market growth
• Concerns regarding the environment and recycling of materials is also expected to restrain the market growth

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Competitive Analysis:
Few of the major competitors currently working in the thin wall packaging market are
• Amcor Limited
• Reynolds
• Berry Global Inc.
• RPC Group Plc
• Silgan Holdings Inc.
• PACCOR
• Ilip s.r.l.
• MOLD-TEK
• Greiner Packaging International GmbH
• DOUBLE H PLASTICS INC.
• OmniformGroup
• Takween Advanced Industries
• Sanpac
• Uniplast Knauer GmbH & Co KG
• Sunrise Plastics
• Dampack
• Plastipak Holdings Inc.
• Sem Plastik
• ACMEPAK PLASTIC PACKAGING LTD.
• Shree Rama Multi-Tech Ltd.
• Færch Plast A/S.

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Segmentation:
• By Product Type
o Tubs
o Cups
o Jars
o Trays
o Pots
o Clamshells
o Lids
• By Production Process
o Thermoforming
o Injection Molding
• By Material
o Polypropylene (PP)
o Polyethylene (PE)
 High-Density Polyethylene (HDPE)
 Low-Density Polyethylene (LDPE)
o Polyethylene Terephthalate (PET)
o Polystyrene (PS)
o Polyvinyl Chloride (PVC)
• By Application
o Food & Beverages
o Others
 Pharmaceuticals
 Cosmetics & Personal Care
 Industrial
• By Geography
o North America
 US
 Canada
 Mexico
o South America
 Brazil
 Argentina
 Rest of South America
o Europe
 Germany
 United Kingdom
 Italy
 France
 Spain
 Russia
 Turkey
 Belgium
 Netherlands
 Switzerland
 Rest of Europe
o Asia Pacific
 Japan
 China
 South Korea
 India
 Australia
 Singapore
 Thailand
 Malaysia
 Indonesia
 Philippines
 Rest of Asia Pacific
o Middle East & Africa
 South Africa
 Egypt
 Saudi Arabia
 United Arab Emirates
 Israel
 Rest of Middle East & Africa


Key Insights in the report:
• Complete Market analysis and forecasting
• Market Definition, understanding the concept of thin wall packaging
• Market Drivers and Restraints of the industry
• Market Segmentations and market share divided amongst them
• Key Players in the market and their analysis

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This release was published on openPR.