Thin wall Packaging Market 2020 Global Demand and Growth Analysis - Abbott Laboratories Inc, Alcon Laboratories, Inc, Bausch & Lomb Surgical

"Thin wall Packaging Market - Growth, Trends, and Forecast (2020 - 2025)"

The New report includes a detailed study of Global Thin wall Packaging Market. It is the result of a comprehensive research carried out keeping in mind the different parameters and trends dominating the global Thin wall Packaging Market.

The thin wall packaging market was valued at USD 38.58 billion in 2019 and is expected to reach USD 55.92 billion by 2025, at a CAGR of 6% over the forecast period 2020- 2025.

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Top Key Players in the Market:
Abbott Laboratories Inc, Alcon Laboratories, Inc, Bausch & Lomb Surgical, Inc, Carl Zeiss, Inc, Lasersight Technologies, Inc., Nidek Co. Ltd., Ziemer Ophthalmic Systems AG., among others

Latest News and Development
August 28, 2019: Trexel to demonstrate thin-wall packaging at K 2019- Trexel Inc. has introduced a new logo and branding and launched an all-new website. Trexel offers the MuCell and TecoCell foaming technology and other products, technologies and service

This research report categorizes the global Thin wall Packaging market by top players/brands, region, type and end user. This report also studies the global Thin wall Packaging market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.

The competitive rivalry in the thin wall packaging market is high owing to the presence of some key players like Takween Advanced Industries, Berry Global Group, and many more. Their ability to innovate the products continually and the foresight of predicting the needs and wants of the market has allowed them to gain a competitive advantage over other players. Hefty investments in research and development coupled with mergers and acquisitions have allowed the companies to gain a strong foothold in the market.

August 2018 - Berry Global Group, Inc. announced the acquisition of Laddawn, Inc., a manufacturer of blown polyethylene bags and films with a unique-to-industry e-Commerce sales platform. In a move that would help Berry Global Group in assisting small order fulfillment for the faster growing small and medium-sized customer base and provide quicker customer response time.

Market Segment by Type: Tubs, Cups, Pots, Jars, Trays

Market Segmentation by Application: Food & Beverages, Cosmetics, Pharmaceutical, Other End-user Industries

The report provides in-depth comprehensive analysis for regional segments that covers North America, Europe, Asia-Pacific, Middle East and Africa and Rest of World in Global Outlook Report with Market definitions, classifications, manufacturing processes, cost structures, development policies and plans.

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Key Market Trends
- The increasing per capita income has resulted in an increase in the disposable income in the hands of the people allowing them to be able to afford imported food products, in turn, driving the growth of the thin wall packaging market over the forecast period.
- The beverage industry has seen an increase in the transportation cost in the shipping of glass bottles across the nation and returning them to the manufacturers due to increasing fuel prices. Therefore thin wall plastic containers offer an effective solution as they provide the convenience of one-way distribution and are light weighted and are also cost-effective.
- The companies in the thin wall packaging through efficient and effective research and development are launching new copolymers that would support the applications in the food industry thereby increasing the demand thin wall packaging products over the forecast period.
- For instance, in May 2017, Saudi Basic Industries Corporation expanded its PP polypropylene portfolio with two new high flow, injection-molding grades, SABIC PP 513MK46, and 512MK46, impact copolymers that are based on the phthalate free catalyst developed for thin-walled packaging applications its supports both food and non-food applications.

Note: All the reports that we list have been tracking the impact of COVID-19 . Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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