Thin Wall Packaging Market Size

Global Thin Wall Packaging Market Overview

Thin Wall Packaging Market Size was valued at USD 44.20 Billion in 2023. The thin wall packaging market industry is projected to grow from USD 46.01 Billion in 2024 to USD 61.0 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.59% during the forecast period (2024 - 2032). Growing urban population and rising disposable income are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Thin Wall Packaging Market Trends

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  Rising need for lightweight, customer-friendly packaging drives market growth.

  
  

Market CAGR for thin wall packaging is being driven by the increasing demand for lightweight and customer-friendly packaging. Thin-walled packaging is highly efficient due to its excellent organoleptic features, good flowability, shorter cycle times, balanced mechanical properties, and cost-effective manufacturing procedure. Thin wall plastic containers come in the format of an inclosure with a lid that serves as the covering and in a variety of colours to suit tastes, as well as natural translucent plastic, sizes, and shapes. Plastic containers with personalised printing are also available to suit specific tastes and needs. Furthermore, they may be used to package a number of things and come in a variety of patterns, making them appealing for any purpose, which is boosting market revenue development.

Polypropylene, polystyrene, white polypropylene, and various translucent and coloured plastics are used to make containers. Polythene terephthalate may also tolerate acid damage from fruits and vegetables, as well as scratches and abrasions. Containers manufactured of thin-walled plastic are lightweight and portable, fueling market revenue growth.

Furthermore, increased demand for thin wall packaging solutions, which serve to protect goods from physical damage and contamination during transportation, is the key driver of market revenue growth. Thin wall packaging technique is primarily used to protect items from external contamination and content from physical damage. Furthermore, several thin wall packaging characteristics, such as greater stackability during storage, lightweight, and others, are boosting market revenue growth. However, it minimises carbon emissions and fuel consumption, hence promoting sustainable growth and driving market revenue growth.

Thin Wall Packaging Market Segment Insights

Thin Wall Packaging Material Insights

The  thin wall packaging market segmentation, based on type includes tubs, cups, trays, jars, clamshells, pots, lids. Over the forecast period, the jars segment is expected to experience significant revenue growth. Jars, which can hold simple dry and wet food, are one of the most popular and in-demand containers in the packaging and container sector. They are lightweight and easy to use, which drives revenue growth in this area. Furthermore, increasing demand from the food packaging business, such as confectionaries, bakery items, ketchup, and mayonnaise, as well as personal care, cosmetics packaging products, and medications, is supporting this segment's revenue growth. Medicines are typically stored in jars since they have more space due to their larger shape.

Figure1:  Thin Wall Packaging Market, by Materials, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Thin Wall Packaging Product Type Insights

The  thin wall packaging market segmentation, based on product type, includes polypropylene, high density polyethylene, polyethylene terephthalate, polystvrene, polyvinyl chloride and others. The polythene terephthalate segment is predicted to increase at a rapid rate over the forecast period. PET is a highly valued packing material since it is strong but lightweight, non-reactive, inexpensive, and shatterproof. PET is prefered because it is non-hazardous in the food and beverage, personal care, pharmaceutical, and medical sectors. Furthermore, PET containers are commonly used to package things including as tennis balls, liquid hand soap, peanut butter, soda, water, juice, salad dressings, cooking oil, and peanut butter.

Thin Wall Packaging Production Process Insights

The  thin wall packaging market segmentation, based on production process includes injection molding, thermoforming and others. The injection molding category dominated the market. During the injection moulding process, melted plastic is poured into carefully made moulds, and the finished object is ejected after cooling. Using this highly repeatable technology, a large number of identical plastic components with appropriate tolerances are made at a reasonable cost per item.

Thin Wall Packaging Application Insights

The  thin wall packaging market segmentation, based on application includes food & beverages, electronics, cosmetics and others. The food & beverage segment will account for the largest revenue share in 2022, owing to increased customer demand for easy-to-eat meals and pre-packaged food, which is driving revenue growth. Thin wall packaging technique is primarily used to protect items against contamination from outside sources. Furthermore, rising demand for single-serve and portion-control goods, environmental concerns, and expanding packaged food consumption are driving revenue growth in this market.

Thin Wall Packaging Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American thin wall packaging market area will dominate this market, due to consumption of outside food and pre-packaged food is increasing, creating need for thin wall packaging. Furthermore, the increasing use of thin wall plastic containers in other industries such as pharmaceutical, cosmetics, and others is fueling market revenue growth.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2:  THIN WALL PACKAGING MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe thin wall packaging market accounts for the second-largest market share because of growing environmental concerns and an increase in government attempts to decrease solid waste created by the packaging sector, as well as the increased usage of thin wall containers for home applications. Further, the German thin wall packaging market held the largest market share, and the UK thin wall packaging market was the fastest-growing market in the European region

The Asia-Pacific Thin Wall Packaging Market Is expected to grow at the fastest CAGR from 2023 to 2032. This is because of increased industrialisation, the development of the e-commerce sector, and an increase in middle-class discretionary income. Moreover, China’s thin wall packaging market held the largest market share, and the Indian thin wall packaging market was the fastest-growing market in the Asia-Pacific region.

Thin Wall Packaging Key Market Players & Competitive Insights

Leading market players are investing heavily in R&D to expand their product lines, which will help the thin wall packaging market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, thin wall packagingindustry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  thin wall packaging industry to benefit clients and increase the market sector. In recent years, the thin wall packaging industry has offered some of the most significant advantages to medicine. Major players in the thin wall packaging market, including Berry  Inc. (The U.S.), RPC Group PLC (U.K, Silgan Holdings (The U.S.), Mold-Tek Packaging (India) and others, are attempting to increase market demand by investing in research and development operations.

Saudi Arabia's Basic Industries Corporation is a Saudi chemical manufacturing firm. Saudi Aramco owns 70% of SABIC. It is used in petrochemicals, chemicals, industrial polymers, fertilisers, and metals. It is the second largest public corporation in the Middle East and Saudi Arabia, according to Tadawul. SABIC was ranked fourth in the world among chemical businesses by Fortune  500 in 2017. SABIC was the world's 281st-largest firm as of the end of 2018. In May 2021, SABIC and KraussMaffei's NETSTAL trademark have opened a thin-wall packaging application centre in Switzerland.  Through increased collaboration throughout the entire value chain of this segment, application centre enables unique application, material, and processing solutions in the thin-wall packaging market.

Amor Group was Scotland's largest independent commercial technology company before being acquired by Lockheed Martin in September 2013. The company was founded following a £28 million management buyout of Glasgow-based Real Time Engineering Ltd. and Aberdeen-based Pragma, both of which were owned by the French  IT giant Sword Business Technology Solutions Ltd. The takeover won a Scottish business award for 'deal of the year. In August 2020, Amor Limited announced its intention to buy Bemis Company, Inc. (US), in an all-stock transaction. The acquisition is projected to be worth USD 6.8 billion and to finalise in the first quarter of 2019. This transaction aims to increase R&D capabilities and geographical footprint to meet the need for sustainable packaging. Amor stockholders would own 71% of the combined company under this merger, while Bemis owners would own 29%.

Key Companies in the thin wall packaging market include

• Amcor Limited (Australia)


• Reynolds Group Holdings (Auckland)


• Berry (The U.S.)


• RPC Group PLC (UK.)


• Silgan Holdings (The U.S.)


• Mold-Tek Packaging (India)


• Double H Plastics (The U.S.)


• lip SRL (Italy)


• Greiner Packaging International


• GmbH (Austria)


• Groupe Guillin (France)

Thin Wall Packaging Industry Developments

In October 2019, Milacron Holdings Corp., a major industrial technology firm with a product brand called MOLD-MASTERS that serves the plastics processing sector, announced the launch of the new ThinPAK-Series thin-wall hot runner specifically built for high-pressure applications like thin wall packaging.

In April 2021, Berry  Group, Inc. declared that it will continue to be a market leader in access to circular polyolefins from advanced recycling to help customers meet their sustainability goals.

In October 2021, Wendy's has launched a new partnership with packaging and plastics leaders Berry  and LyondellBasell. Wendy's will benefit from the relationship as it transitions from plastic-lined paper cups with limited recyclability to single-substrate, clear plastic drink cups. More consumers will be able to recycle, paving the route for circularity.

Thin Wall Packaging Market Segmentation

Thin Wall Packaging Market Material Outlook

• Tubs


• Cups


• Trays


• Jars


• Clamshells


• Pots


• Lids

Thin Wall Packaging Market Product Type Outlook

• Polypropylene


• High Density Polyethylene


• Polyethylene Terephthalate


• Polystvrene


• Polyvinyl Chloride


• Others

Thin Wall Packaging Market Production Process Outlook

• Injection Molding


• Thermoforming


• Others

Thin Wall Packaging Market Application Outlook

• Food & Beverages


• Electronics


• Cosmetics


• Others

Thin Wall Packaging Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America