Global Thin Wall Packaging Market Market Overview:
Thin-walled plastic packaging is used in a wide range of industries including dairy containers like yogurt cups, yellow fats, frozen foods, fruit and vegetables, bakery, ready meals, juices, soup, and meats. The Thin Wall packaging market is composed of open-top containers and lids that are used in both food and non-food applications. Open-top plastic containers are typically used for frozen or fresh food, paint, adhesives, cosmetics, and pharmaceuticals. Recently it has also found application in glass and can replacement for commodities like meat and preserves, which reduces weight and opens up design opportunities. The increasing need for lightweight packaging coupled with an increase in the working population is some of the important factors that are responsible for fueling the demand for thin wall packaging throughout the forecast period.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Market Growth Drivers:
Rising Demand for Food and Beverages Industries and Growing Urban Population and Changing Lifestyle
Challenges:
The unavailability Of Raw Materials Affects the Production Units.
Restraints:
Stringent Government Regulations
Opportunities:
Rising Preference for Light Weight Wall Packaging
Competitive Landscape:
The thin wall packaging Market is a fragmented market due to the presence of various players. The players are focusing on developing and expanding their business. Further growing demand from the food and beverages industries will contribute to increasing the market presence. The companies are also planning strategic activities such as product launches, collaborations, mergers, and acquisitions to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are All American Packaging (Miami), Amcor Rigid Packaging (Germany), API Krik Containers (United States), SABIC (Saudi Arabia), Ashland Container Corporation (United States), BEN-PAK Plastics, Inc. (Canada), BestContainers (United States), Carter Associates (United States), CKS Packaging, Inc. (United States), Cleartec Packaging (United States) and Container & Packaging Supply, Inc. (United States). Considering Market by Manufacturing technology, the sub-segment i.e. Thermoformed will boost the Thin Wall Packaging Market market. Considering Market by Materials, the sub-segment i.e. Polyethylene will boost the Thin Wall Packaging Market market.
Latest Market Insights:
On May 2021, SABIC and KraussMaffei NETSTAL brand launched a thin-wall packaging application center in Switzerland. Through greater cooperation throughout the entire value chain of this segment, the application center allows novel application, material, and processing solutions in the thin-wall packaging business.
What Can be Explored with the Thin Wall Packaging Market Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Thin Wall Packaging Market Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Thin Wall Packaging Market
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Thin Wall Packaging Market market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Thin Wall Packaging Market market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.