According to the most recent analysis by Emergent Research, the size of the worldwide thin wall packaging market is anticipated to reach USD 70.92 billion in 2028 and exhibit a consistent revenue CAGR of 4.5 percent throughout the projected period. The food and beverage industry’s rising need for more cutting-edge packaging solutions is to be blamed for the steady revenue growth of the thin wall packaging market. Additionally, rising e-Commerce apps and website usage for ordering food and drinks are anticipated to significantly help revenue growth of the global thin wall market shortly. Since thin wall packaging is a great alternative for preserving frozen dairy and food goods and is frequently utilized for deliveries through e-Commerce platforms, it is widely employed in the food and beverage industry.
Packaging with thin, light walls is referred to as thin wall packaging. The production process is more time and money efficient because of the usage of lightweight plastics. The packaging industry may reduce costs more effectively by using resources more effectively at higher production rates.
Further key findings from the report suggest
To identify, analyze, and forecast the market size for thin wall packaging globally in terms of product category, raw material, manufacturing method, end-use industry, and geographic region.
At KraussMaffei’s recently established thin-wall packaging application facility in Switzerland, SABIC and KraussMaffei will work together to develop novel thin-walled packaging in May 2021. The center will facilitate close interaction with OEMs and clients to enhance partnerships in the thin wall packaging sector.
Due to rising consumer demand for packaged food products and manufacturers’ growing R&D expenditures to create and produce more cutting-edge polymers for the packaging sector, the food application category had the biggest revenue share in the global market in 2020.
Companies included in the company profile section of the global market report are Berry Global Group, Amcor, Silgan Holdings, Reynolds Group Holdings, RPC Group PLC, Paccor GmbH, Greiner Packaging International, IIip SRL, Double H Plastics, and Mold-Tek Packaging.
Emergen Research has segmented the global thin wall packaging market based on product type, production process, material, application, and region:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
Production Process Outlook (Revenue, USD Billion; 2018-2028)
- Injection molding
Material Outlook (Revenue, USD Billion; 2018-2028)
- High-density and Low-density Polyethylene
- Polypropylene (PP)
- Polystyrene (PS)
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
Application Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- Rest of Europe
- the Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest Of MEA
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