Title: Thin Wall Packaging Market Share, Trend, Segmentation and Forecast to 2026
1Thin Wall Packaging Market To Reach USD 61.32
Billion By 2026
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2 Market Summary
The rising demand for packaged food and increase
in customer-friendly and lightweight packaging
are driving the growth of the market. Thin Wall
Packaging Market Size USD 43.07 Billion in
2018, Market Growth - CAGR of 4.5, Market Trends
Rapid urbanization and increase in disposable
income.
3 Our Approach
Market Summary
- 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. - 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. - 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. - To Get Sample Copy of Report visit
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4 Our Approach
Market Summary
- 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
5 Our Approach
Market Summary
- 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
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6 Our Approach
Market Summary
- 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
polypropylenes 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. - Read More _at_ https//www.reportsanddata.com/report-
detail/thin-wall-packaging-market
7 Our Approach
About Us
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consulting company that provides syndicated
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Power, and Energy. We consistently update our
research offerings to ensure our clients are
aware about the latest trends existent in the
market. Reports and Data has a strong base of
experienced analysts from varied areas of
expertise. - Contact Us
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