Global Thin Wall Packaging Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Thin Wall Packaging Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Thin Wall Packaging market finds that the global Thin Wall Packaging market reached a value of USD 46595.0 million in 2022. It’s expected that the market will achieve USD 63408.07 million by 2028, exhibiting a CAGR of 5.27% during the forecast period.

The development of the catering industry market

The increase in per capita income has led to an increase in people’s disposable income, thereby enabling them to afford the demand for imported food, thereby driving the growth of the thin wall packaging market during the forecast period. The beverage industry has increased the transportation costs of transporting glass bottles nationwide and returning the glass bottles to manufacturers due to rising fuel prices. Therefore, thin wall packaging provides an effective solution because they provide the convenience of one-way distribution, and are lightweight and cost-effective. Through effective and effective research and development, companies engaged in thin wall packaging have introduced new copolymers that can support applications in the food industry, thereby increasing the demand for thin wall packaging products during the forecast period.

Increased industry competition risk

Most thin wall packaging companies are generally small in scale. Most of them are private small workshops and family factories. At present, only a few companies have independent intellectual property rights of thin wall packaging. There is still a certain gap in the thin wall packaging of small enterprises. With its strong R&D capabilities, international giants have unique formulas, key additives are synthesized by themselves, and some of the highest-end technical secrets are exclusively enjoyed, and they have a clear competitive advantage in technology research and development. This factor may become a weakness in the development of thin wall packaging market.

Crude oil prices and trends in the petrochemical industry

Crude oil prices and other trends in the petrochemical industry directly affect market demand and supply. At present, price fluctuations and related geopolitical conflicts between countries are the main challenges for the growth of the industry. The availability of raw materials and transportation barriers have also stimulated the production of thin wall packaging.

Region Overview:

North America dominated the Thin Wall Packaging market in 2022, with a market share of 35.62%.

Company Overview:

Berry Global is one of the major players operating in the Thin Wall Packaging market, holding a share of 6.61% in 2023.

Berry Global

Berry Global Group, Inc., headquartered in Evansville, Indiana, is committed to its mission of ‘Always Advancing to Protect What’s Important,’ and proudly partners with its customers to provide them with value-added protective solutions. Berry Global are a leading global supplier of a broad range of innovative non-woven, flexible, and rigid products used every day within consumer and industrial end markets.

Amcor

Amcor plc, incorporated on November 27, 1926, is a packaging company. The Company's segments include Flexibles and Rigid Plastics. The Company offers a range of packaging related products and services, including packaging for beverages, food, healthcare, and personal and home care, tobacco and industrial applications.

Segmentation Overview:

As for product types, the Polyethylene Terephthalate (PET) segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Food and Beverages, with a market share of 53.03% in 2022.

Key Companies in the global Thin Wall Packaging market covered in Chapter 3:

Berry Global
EVCO Plastics
LykaPack
Mold-tek Packaging
Ilip SRL
Amcor
SABIC
Double H Plastics
Groupe Guillin
Sem Plastik
Greiner Packaging International
Paccor GmbH
Omniform Group
Silgan Holdings
Alpha Packaging

In Chapter 4 and Chapter 14.2, on the basis of types, the Thin Wall Packaging market from 2018 to 2029 is primarily split into:

Polypropylene (PP)
Polyethylene (PE)
Polystyrene (PS)
Polyvinyl Chloride (PVC)
Polyethylene Terephthalate (PET)
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Thin Wall Packaging market from 2018 to 2029 covers:

Food and Beverages
Pharmaceuticals
Cosmetics and Personal Care
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)