Thin Wall Packaging Market Huge Growth Opportunity by Trend 2019-2026: Amcor, Reynolds Group Holdings, Berry Global Group, RPC Group PLC, etc.

Market Size - USD 43.07 Billion in 2018, Market Growth - CAGR of 4.5%, Market Trends - Rapid urbanization and increase in disposable income.

The global thin wall packaging market is forecast to reach USD 61.32 Billion by 2026, according to a new report by Reports and Data. Thin wall packaging solution helps protect goods from physical damage and contamination during freight. Rising demand for pre-packaged food is driving the market for thin wall packaging. Thin wall packaging technology is used mainly to protect goods from contamination from an external source. It also protects the content from physical damage as well.

Get a PDF Sample report containing an In-Depth Industrial Analysis, along with 30 minutes of free consultation to address queries and provide guidance before purchase @ https://www.reportsanddata.com/sample-enquiry-form/1791

Key participants Amcor, Reynolds Group Holdings, Berry Global Group, RPC Group PLC, Silgan Holdings, Paccor GmbH, Ilip SRL, Mold-Tek Packaging, Greiner Packaging International, and Double H Plastics, among others.

For the purpose of this report, Reports and Data have segmented into the global thin wall packaging market on the basis of product type, production process, application, materials, and region:

Product Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Tubs
Trays
Cups
Jars
Clamshells
Pots
Lids

Production Process Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Injection Molding
Thermoforming

Applications Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Food
Beverage
Others

Material Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Polypropylene (PP)
High-Density Polyethylene (HDPE) and Low-Density Polyethylene (LDPE)
Polyethylene Terephthalate (PET)
Polystyrene (PS)
Polyvinyl Chloride (PVC)
Others

Regional Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
North America
Europe
Asia Pacific
MEA
Latin America

Avail this report at Attractive Discount rates! Click here to know more @ https://www.reportsanddata.com/discount-enquiry-form/1791

Products such as tubs, cups, trays, plastic jars, and clamshells offer protection and convenience for the product, which adds on to consumer appeal, simultaneously reducing carbon footprint. Increase in demand for thin wall packaging products in the food and beverage industry is also propelling the market demand. Growing urban population, increase in disposable income, and change in lifestyle are boosting the market. The need for packaged food has augmented among the consumers, owing to their lightweight feature, cost-effective, and customer-friendly packaging.

Europe is likely to project substantial demand due to economic development, expansion of foodservice packaging industry, and growing consumption for packaged food products. Europe is forecasted to grow with a CAGR of 4.6% during the forecast period. Improvement of the economy in the region and surge in retail chain tasks across the globe has pushed the demand for the market.

Further key findings from the report suggest

Polypropylene (PP) held a market share of 26.3% in the year 2018 and is forecasted to grow with the highest CAGR of 5.2% during the forecast period. Propylene's unique properties and ability to adapt to different fabrication techniques make invaluable material for a wide range of uses. Another valuable characteristic is polypropylene's ability to function as both a plastic material and as a fiber.

Thin wall packaging material like Jars is forecasted to grow with the highest CAGR of 5.0% during the forecast period. High demand from food packaging industry such as confectionaries, bakery items, ketchup, and mayonnaise as well as personal care, cosmetics packaging products, and medicines is also expected to propel the growth of the market.

Injection Molding held a larger market share of 59.7% in the year 2018. This process is popular for thin wall packaging as they are accurate, fast, efficient, flexible, and cost-effective. Molded parts are produced with high-quality surface finishes, so no further processing is needed.

The food industry is forecasted to hold the largest market share of 37.8% in the year 2026. Increase in demand for single-serve and portion control products, concern for the environment, and growing consumption of packaged food are augmenting the growth of the market in the food industry.

The Asia Pacific region dominated the market for thin wall packaging with a market share of 31.9% in the year 2018. The region is expected to grow due to the rapid industrialization, proliferation of e-commerce industry, and an increase in disposable income of the middle class.

Access full Report Description, TOC, Table of Figure, Chart, etc. @ https://www.reportsanddata.com/report-detail/thin-wall-packaging-market

Major highlights of the report:

An all-inclusive evaluation of the parent market
The evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of the market value and volume in the past, present and forecast years
Market share evaluation
Study of niche industrial sectors
Tactical approaches of the market leaders
Lucrative strategies to help companies strengthen their position in the market

Contact Us:
Reports And Data
40 Wall St. 28th floor New York City, NY 10005 United States
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

This release was published on openPR.