The market research report on Global Thin Wall Packaging Market added by Reports and Data to its ever-expanding repository provides a comprehensive assessment of the current and emerging market trends, growth statistics, revenue growth and contribution, forecast values, competitive scenario, opportunities and growth prospects, and strategic alliances in the market. The research study on global Thin Wall Packaging market provides a complete detail oriented assessment of this market and provides an accurate evaluation of market size, market share, revenue estimations, current market value, key companies, downstream buyers, and industry overview over the forecast years.
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Key companies operating in the market and profiled in the report include:
Reynolds Group Holdings
Berry Global Group
RPC Group PLC
Greiner Packaging International
and Double H Plastics
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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 polypropylene’s 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.
The Asia Pacific region dominated the market for thin wall packaging with a market share of 31.9% in the year 2018. The region is expected to grow due to the rapid industrialization, proliferation of e-commerce industry, and an increase in disposable income of the middle class.
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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)
Production Process Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Applications Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Material Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
High-Density Polyethylene (HDPE) and Low-Density Polyethylene (LDPE)
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
Regional Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
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