Bizizz Market Research has recently published a research report, “Thin Wall Packaging Market By Product Type (Tubs, Cups, Jars, Trays, Clamshells,Pots and Lids), Production process (Injection Molding and Thermoforming), Materials (Polypropylene (PP), High-density Polyethylene (HDPE), Low-density Polyethylene (LDPE), Polyethylene Terephthalate (PET) ,Polystyrene (PS) and Polyvinyl Chloride (PV)) Application (Food, Beverages and Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Thin Wall Packaging Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 61.5 Bn by 2027, witnessing a CAGR of 4.3% during the forecast period. Key drivers of the market are increasing demand for light weight packaging products along with the increase in the demand from the food and beverages market is substantiating its market growth.
The market Thin Wall Packaging is substantiated by an increase in the food and beverages industry where the application of these packaging materials is of significant importance. Moreover there is a need to incorporate the thin wall packaging for improving the shelf life of these products that could efficiently protect the products form environmental conditions. Additionally, these products have unique properties that includes lightweight, tough, and durable in nature that caters to the various needs of the food and beverages manufacturing industries in the global market.
The Thin Wall Packaging market is anticipated to register a CAGR of over 4.3% during the forecast period.
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By Application, Food and beverages segment held a key/prominent share in Global Thin Wall Packaging Market in 2018.
The market growth of Thin Wall Packaging is significantly contributed by the food & beverages industries. A rising demand for the single serve and food protection control Thin Wall Packaging materials are propelling its market growth during the forecasted period. Increased consumption rate of packaged food and beverage products are stimulating the demand of Thin Wall Packaging.
Asia Pacific region is Anticipated to Dominate the Global Thin Wall Packaging Market during the Forecast Period
An increasing population of this region is demanding packaged food and health care products that are contributing to the demand of Thin Wall Packaging products. This region is observing rapid rate of urbanization along with the technological investments are plunging the market demand of Thin Wall Packaging by various end-user industries.
Global Thin Wall Packaging market was moderately consolidated with key local players accounting for significant share in 2018. The organizations are contributing to the market along with the sustainable form of Thin Wall Packaging that is being under high demand by the end-user industries globally.
Prominent players operating in the Global Thin Wall Packaging Market are: Reynolds Group, Amcor, Greiner Packaging International, Berry Global, Double H Plastics, Mold-Tek Packaging, ILIP Srl, PACCOR, RPC Group, Silgan Holdings and SABIC, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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