Global thin wall packaging market is expected to grow significantly over the forecast period, owing to increasing demand for packaged food, increasing disposable income, and its durability and light-weight features. However, stringent government regulations with regards to the usage of plastic is expected to hamper growth of the global market to a certain extent.
Global thin wall packaging market has been segmented on the basis of product type, material type, production process, application, and region. On the basis of product type, the market is segmented into tubs, cups, trays, jars, clamshells, pots, and lids. Among product type, jars segment is expected to grow substantially, owing to its durability, and increasing demand for packaging of food products such as bakery products, confectionery, sauces, ketchup, etc.
On the basis of production process, the market is segmented into injection moulding, and thermoforming. Injection moulding segment is expected to witness substantial growth, owing to faster production speed, minimal cost of production, increased productivity, and product consistency.
On the basis of material type, the global thin wall packaging market is segmented into polypropylene (PP), polyethylene (PE), polyethylene terephthalate (PET), polystyrene (PS), and polyvinyl chloride (PVC). Polyethylene (PE) segment includes high-density polyethylene (HDPE) and low-density polyethylene (LDPE). Among material type, the polypropylene segment is expected to grow significantly, owing to its favourable attributes such as high stiffness, heat resistance, steam barrier properties, elasticity, enhanced visibility, and strong impact and rigidity balance.
On the basis of application, the market is segmented into food and beverages, personal care products, and others (pharmaceuticals, industrial). Food and beverages segment is expected to hold a significant share in terms of revenue, owing to increasing demand for processed and packaged food, and rising demand for compact and single-use packaging.
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Based on the region, the global thin wall packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The market in Asia Pacific is expected to grow substantially, owing to increasing penetration of food and beverages, and e-commerce industry in countries in the region. Whereas, the market in Europe is estimated to register considerable growth, owing to increasing demand for eco-friendly and sustainable packaging solutions.
Some prominent players are Amcor Ltd., Reynolds Group Holdings Ltd., Berry Global Group, Inc., RPC Group PLC, Silgan Holdings Inc., PACCOR Packaging Deutschland GmbH, ILIP SRL, Greiner Packaging GmbH, Double H Plastics, Inc., and Groupe Guillin S.A.