The increased consumption of packaged food, coupled with a growing focus on developing consumer-friendly and lightweight packaging, is propelling the market growth.
Market Size - USD 45 Billion in 2019, Market Growth - CAGR of 4.5%, Market Trends - Urbanization trends and rise in disposable income
The global thin wall packaging market size was valued at USD 45 billion in 2019 and is estimated to garner USD 64.07 Billion in terms of annual remuneration, delivering a CAGR of 4.5% through 2027. The growing consumption of fast-moving consumer goods, the increasing focus on minimizing packaging weight in compliance with food & consumer safety regulations, and a paradigm shift towards sustainability targets for entities in the packaging industry, along with the adoption of recycled and bio-based raw materials, are some key factors driving the growth of the global thin wall packaging market.
Thin wall packaging solutions offer excellent protection to goods from contamination and physical damage during freight. Products like tubs, trays, cups, clamshells, and plastic jars, apart from offering convenience and protection, add a certain aesthetic appeal to the product, simultaneously reducing the carbon footprint.
The majority of demand for thin-wall packaging products is emerging from the food and beverage industry. A rise in urban population, change in lifestyle, and greater spending capacity are some of the key factors that are positively impacting the thin wall packaging market growth. Moreover, surging demand for pre-packed food items due to their cost-effectiveness, customer-friendly packaging, and lightweight feature will also boost market share over the forecast period.
Further key findings from the report suggest
Segments covered in the report:
For the purpose of this report, Reports and Data has segmented the Global Thin Wall Packaging Market on the basis of product type, material, production process, application, and region:
Product Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2017-2027)
Material Outlook (Revenue: USD Billion; 2017-2027)
Production Process Outlook (Revenue: USD Billion; 2017-2027)
Application Outlook (Revenue: USD Billion; 2017-2027)
Regional Outlook (Revenue: USD Billion; 2017-2027)
Reasons to Buy the Report
Market Size - USD 45 Billion in 2019, Market Growth - CAGR of 4.5%, Market Trends - Urbanization trends and rise in disposable income
The global thin wall packaging market size was valued at USD 45 billion in 2019 and is estimated to garner USD 64.07 Billion in terms of annual remuneration, delivering a CAGR of 4.5% through 2027. The growing consumption of fast-moving consumer goods, the increasing focus on minimizing packaging weight in compliance with food & consumer safety regulations, and a paradigm shift towards sustainability targets for entities in the packaging industry, along with the adoption of recycled and bio-based raw materials, are some key factors driving the growth of the global thin wall packaging market.
Thin wall packaging solutions offer excellent protection to goods from contamination and physical damage during freight. Products like tubs, trays, cups, clamshells, and plastic jars, apart from offering convenience and protection, add a certain aesthetic appeal to the product, simultaneously reducing the carbon footprint.
The majority of demand for thin-wall packaging products is emerging from the food and beverage industry. A rise in urban population, change in lifestyle, and greater spending capacity are some of the key factors that are positively impacting the thin wall packaging market growth. Moreover, surging demand for pre-packed food items due to their cost-effectiveness, customer-friendly packaging, and lightweight feature will also boost market share over the forecast period.
Further key findings from the report suggest
- On the basis of product type, the jars segment is anticipated to showcase the highest CAGR of 5% through 2027 on account of extensive product application in the food packaging industry such as bakery items, confectionaries, mayonnaise, ketchup, and others. Additionally, increasing product applications in cosmetics, personal care products, and medicines will further bolster product consumption.
- On the basis of material, the polypropylene segment accounted for over 26.3% of the thin wall packaging market share in 2019 and is set to witness a growth rate of 5.2% through 2027 on account of the unique properties of the material, including the ability to function as both fiber and plastic material.
- On the basis of production process, the injection molding segment accounted for about 59.7% of the market share in 2019. This method is gaining popularity due to its several benefits, such as speed, efficiency, flexibility, accuracy, and cost-effectiveness. Moreover, it enables the production of molded parts with high-quality surface finishes, which is fuelling process adoption.
- Based on application, the food industry is estimated to account for 37.8% of the market share over the analysis period. The robust growth can be attributed to the growing consumption of packaged food and surging demand for portion control and single-serve products.
- In the regional landscape, the Asia Pacific region dominated the thin wall packaging market with a share of around 31.9% in 2019 and is expected to witness notable growth through 2027 on account of rapid industrialization, an increase in disposable income of the middle class, and proliferation of e-commerce industry in the region.
- North America accounted for around 28.4% of the thin wall packaging market share in 2019 and is likely to showcase significant growth over the forecast period on account of the presence of established manufacturing companies and the high consumption of packaged food in the region.
- Europe is estimated to exhibit a CAGR of 4.6% over the projected timeframe on account of the expansion of the foodservice packaging industry and increased consumption of packaged food products in the region.
- Key players operating in the global thin wall packaging market are Amcor, Berry Global Group, Reynolds Group Holdings, RPC Group PLC, Paccor GmbH, Silgan Holdings, Ilip SRL, Greiner Packaging International, Double H Plastics, and Mold-Tek Packaging, among others.
- In 2017, RPC Superfos, a leading developer and manufacturer of innovative plastic packaging solutions, rolled out a spoon-in-the-lid solution for yogurts, desserts, and other dairy products for attracting more eat-on-the-go customers.
Segments covered in the report:
For the purpose of this report, Reports and Data has segmented the Global Thin Wall Packaging Market on the basis of product type, material, production process, application, and region:
Product Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2017-2027)
- Tubs
- Trays
- Cups
- Jars
- Clamshells
- Pots
- Lids
Material Outlook (Revenue: USD Billion; 2017-2027)
- Polypropylene (PP)
- High-Density Polyethylene (HDPE) and Low-Density Polyethylene (LDPE)
- Polyethylene Terephthalate (PET)
- Polystyrene (PS)
- Polyvinyl Chloride (PVC)
- Others
Production Process Outlook (Revenue: USD Billion; 2017-2027)
- Injection Molding
- Thermoforming
Application Outlook (Revenue: USD Billion; 2017-2027)
- Food
- Beverage
- Others
Regional Outlook (Revenue: USD Billion; 2017-2027)
- North America
- U.S.
- Europe
- U.K.
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Thin Wall Packaging Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Thin Wall Packaging market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Thin Wall Packaging Market Segmentation & Impact Analysis
Chapter 5. Thin Wall Packaging By Product Type Insights & Trends
Chapter 6. Thin Wall Packaging By Production Process Insights & Trends
Chapter 7. Thin Wall Packaging By Application Insights & Trends
Chapter 8. Thin Wall Packaging By Materials Insights & Trends
Chapter 9. Thin Wall Packaging Market Regional Outlook
Chapter 10. Competitive Landscape
Chapter 11. Company Profiles
Companies Mentioned
- Amcor
- Reynolds Group Holdings
- Berry Global Group
- RPC Group PLC
- Silgan Holdings
- Paccor GmbH
- Ilip SRL
- Mold-Tek Packaging
- Greiner Packaging International
- Double H Plastics
