Press release
Thin Wall Packaging Market Set to Reach US$72.85 Bn by 2030 at 4.5% CAGR
Thin Wall Packaging Market
The global thin wall packaging market, valued at approximately USD 53.53 billion in 2023, is projected to reach USD 72.85 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period. This growth is driven by increasing demand for lightweight, cost-effective, and sustainable packaging solutions, particularly in the food and beverage industry.
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Competitive Landscape
The thin wall packaging industry is characterized by the presence of several key players striving to enhance their market position through strategic initiatives. Notable companies include Amcor, Berry Global Group, and Mondi, among others. These companies are focusing on mergers and acquisitions, product innovation, and expansion into emerging markets to meet the evolving demands of consumers and maintain a competitive edge.
Regional Demand Highlights
The Asia-Pacific region is experiencing a surge in demand for thin wall packaging, attributed to rapid urbanization, a growing middle-class population, and increasing consumption of packaged foods. Similarly, North America and Europe are witnessing steady growth due to heightened awareness of sustainable packaging solutions and stringent regulatory frameworks promoting environmental conservation.
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Segmentation Analysis
by Material Type
Polypropylene (PP)
Polyethylene (PE)
High-Density Polyethylene (HDPE)
Low-Density Polyethylene (LDPE)
Polyethylene Terephthalate (PET)
Polystyrene (PS)
Polyvinyl Chloride (PVC)
Others
Over the course of the forecast period, the polypropylene segment is anticipated to have the greatest share in the global thin wall packaging market. Numerous qualities of polypropylene, including its high stiffness, steam barrier qualities, elasticity, heat resistance, improved transparency, and strong impact and rigidity balancing, are favorably impacting the market's expansion. Because of the growing demand from the food and beverage sectors worldwide, polyethylene terephthalate is expected to have the greatest compound annual growth rate (CAGR) in the near future.
by Product Type
Tubs
Cups
Jars
Trays
Clamshells
Lids
Pots
by Production Process
Thermoforming
Injection Molding
Over the course of the forecast period, the injection molding segment is anticipated to hold the greatest share in the worldwide thin wall packaging market. Faster production speed, increased productivity, cost-effectiveness, and homogeneity are some of the characteristics of the injection molding production method that are anticipated to propel global market expansion.
by Application
Food & Beverages
Electronics
Cosmetics
Others
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Key Market Participants:
1. Paccor GmbH (Coveris RIGID)
2. Omniform Group
3. Plastipak Industries Inc.
4. Dampack International Bv
5. Amcor
6. Berry Global
7. Silgan Holdings
8. PACCOR
9. RPC Group
10.Reynolds Group
11.ILIP Srl
12.Mold-Tek Packaging
13.Greiner Packaging International
14.Double H Plastics
15.Takween Advanced Industries
16.International Traders(Sanpac)
17.Insta Polypack
18.Shree Rama Multi-Tech Limited
19.Acmepak Plastic Packaging Co., Ltd.
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