Thin wall packaging is a type of packaging, which utilizes thin and lightweight plastic. The use of lightweight plastics makes the production process cost efficient and time saving. The utilization of the resources efficiently at higher production rate helps the packaging companies in achieving higher cost efficiency.
Thin wall packaging market is expected to witness significant growth over the forecast period, owing to increasing demand from food and beverage industry. This is due to rising preferences of the consumers for easy-to-consume food products. Furthermore, rising demand for consumer friendly packaging solutions is also expected to drive demand for thin wall packaging. Moreover, rising demand for lightweight packaging solutions has resulted in an increase in demand for thin wall packaging from the workplace population.
However, growth of this market is expected to be restrained by introduction of stringent rules and regulations imposed by the government about usage of plastics. For instance, in 2018, a SUP directive was proposed as a part of European Strategy for plastics in Circular Economy with the objective of curbing plastic pollution by ban of single use plastics in the region.
On the basis of region, global thin wall packaging market is segmented into North America, South America, Europe, Asia Pacific, and Middle East & Africa. Among regions, Asia Pacific is expected to hold a dominant position in the thin wall packaging market by 2027, owing to the fast pace of industrialization and growing middle class population. Asia Pacific is also expected to experience growth, owing to the rise in demand for sustainable food products from the food & beverage industry. Moreover, inclination of the end-consumers within the region towards online sales channel is further expected to drive growth of the Asia Pacific market.
Europe region is also expected to witness growth in the thin wall packaging market. This is attributed to increasing investments by the players in the region for research and development activities, which is expected to drive growth of the market.
Key players operating in the global thin wall packaging market include Borealis AG, SABIC, Amcor, Reynolds Group Holdings, Berry Global Group, RPC Group PLC, Silgan Holdings, Paccor GmbH (Coveris Rigid), Ilip SRL, Mold-Tek Packaging, Greiner Packaging International, and Double H Plastics, among others.
On the basis of product type, the global thin wall packaging market is segmented into:
On the basis of polymer, the global thin wall packaging market is segmented into:
On the basis of process, the global thin wall packaging market is segmented into:
On the basis of applications, the global thin wall packaging market is segmented into:
On the basis of region, the global thin wall packaging market is segmented into: