iCrowdNewswire Dec 28, 2020 8:25 AM ET
The latest market report published by Credence Research, Inc. “Thin Wall Packaging Market: Growth, Future Prospects, and Competitive Analysis, 2019 – 2027” the thin wall packaging market was valued at US$ 41.7 Bn in 2018 and expected to grow at a CAGR of 4.5% during the forecast period from 2019 to 2027.
Market Insights
“Growing demand for lightweight and eco-friendly packaging worldwide will drive the demand for Thin Wall Packaging Market”
The thin wall packaging market is majorly driven by the surge in demand for lightweight and eco-friendly packaging solutions worldwide. The rapid surge in demand for packaged food and growing food & beverages industry are some other major growth factors anticipated to enhance the global market over the forecast period. Changing consumer lifestyle along with growing demand of thin wall packaging from developing economies such as India, China, Brazil, Indonesia and others are also estimated to support the market growth during the forecast period. Stringent government regulations to reduce packaging weight is another prominent factor for the market demand in years to come. Introduction of recyclable packaging material and adoption of bio-based materials are some other key factors projected to further drive the global market growth throughout the forecast period. Europe had a major share in the global thin wall packaging market in 2018.
Industrial Developments
- In August 2018, Amcor PLC announced to acquire Bemis Company, Inc. With the acquisition of Bemis Company, Inc., Amcor PLC is anticipated to enhance its geographical presence and R & D capabilities.
Key Market Movements:
- Worldwide, the thin wall packaging market is swelling at a CAGR of 4.5% in for the anticipated period from 2019 to 2027
- In 2018, Europe dominated the global thin wall packaging market owing to surge in demand for convenient and eco-friendly packaging solutions. Growing retail industry and rapid surge in food exports are other major factors anticipated to enhance the market growth during the forecast period.
- Asia Pacific is anticipated to expand with the highest CAGR during the forecast period. The rise in disposable income, growing urbanization, and rapid industrialization are some of the major factors responsible for the fastest growth of the region. The rising food industry along with ease of visible & convenient packaging is expected to drive the market over the upcoming years.
- Based on end-use, the food segment had major share in the global market owing to rapid surge in food packaging industry across the globe. Increased packaged food consumption in the Asia Pacific is another major factor for the segment growth in years to come.
- Acquisitions and enhanced geographical presence are anticipated to be the key strategies
Key questions answered in this report
- What are the current market trends and dynamics in the thin wall packaging market and valuable opportunities for emerging players?
- Which segment accounts for the fastest CAGR during the forecast period?
- What are the drivers of the thin wall packaging market?
- Notable developments going on in the thin wall packaging market.
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
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List of Companies Covered:
- Double H Plastics
- Amcor PLC
- Greiner Packaging International
- Berry Global
- Mold-Tek Packaging
- Silgan Holdings
- PACCOR
- Reynolds Group
- RPC Group
- SABIC
ToC:
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Thin Wall Packaging (TWP) Market
2.2. Global TWP Market, by Production Process, 2018 (US$ Bn)
2.3. Global TWP Market, by Material, 2018 (US$ Bn)
2.4. Global TWP Market, by Product Type, 2018 (US$ Bn)
2.5. Global TWP Market, by End-user, 2018 (US$ Bn)
2.6. Global TWP Market, by Geography, 2018 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global TWP Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Thin Wall Packaging (TWP) Market, by Production Process , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Injection Molding
4.3. Thermoforming
5. Global Thin Wall Packaging (TWP) Market, by Material , 2017-2027 (US$ Bn)
5.1. Overview
5.2. Polypropylene (PP)
5.3. High-density Polyethylene (HDPE)
5.4. Low-density Polyethylene (LDPE)
5.5. Polyethylene Terephthalate (PET)
5.6. Polystyrene (PS)
5.7. Polyvinyl Chloride (PVC)
5.8. Others
6. Global Thin Wall Packaging (TWP) Market, by Product Type , 2017-2027 (US$ Bn)
6.1. Overview
6.2. Tubs
6.3. Cups
6.4. Jars
6.5. Trays
6.6. Clamshells
6.7. Pots
6.8. Lids
7. Global Thin Wall Packaging (TWP) Market, by End-user , 2017-2027 (US$ Bn)
7.1. Overview
7.2. Food
7.3. Beverages
7.4. Others
8. North America Thin Wall Packaging (TWP) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. North America TWP Market Value and Growth, 2017-2027, (US$ Bn)
8.2. North America TWP Market Value, By Production Process, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. North America TWP Market Value, By Material, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. North America TWP Market Value, By Product Type, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. North America TWP Market Value, By End-user, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.6. North America TWP Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America
9. Europe Thin Wall Packaging (TWP) Market Analysis, 2017-2027 (US$ Bn)
…………..
10. Asia Pacific Thin Wall Packaging (TWP) Market Analysis, 2017-2027 (US$ Bn)
……………
11. Rest of the World Thin Wall Packaging (TWP) Market Analysis, 2017-2027 (US$ Bn)
………..
12. Company Profiles
12.1. Double H Plastics
12.2. Amcor PLC
12.3. Greiner Packaging International
12.4. Berry Global
12.5. Mold-Tek Packaging
12.6. Silgan Holdings
12.7. PACCOR
12.8. Reynolds Group
12.9. RPC Group
12.10. SABIC
……………..
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Keywords: Thin Wall Packaging Market, Thin Wall Packaging Market Size, Thin Wall Packaging Market Share, Injection Molding, Thermoforming, Polypropylene (PP), High-density Polyethylene (HDPE), Low-density Polyethylene (LDPE)
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