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The global thin wall packaging market size is expected to showcase tremendous growth during the forecast period of 2024-2032. Thin wall packaging is a packaging solution that is utilized as a replacement for glass and cans for several goods, including meat, food preserves, and others. Thin wall packaging offers maximum efficiency due to its shorter cycle times, excellent flow ability, balanced mechanical characteristics, and cost-effective production process. Such characteristics are a major factor that drives its demand among several applications. The rapidly growing demand for such packaging as they protect goods from physical damage and contamination during transportation is the major factor driving the market growth.
Thin wall packaging protects the packaged goods from contamination by any external factors and physical damage during transit. Subsequently, the rising usage of such packaging from major industries drives the market growth. The packaging offers stackability during storage, is lightweight and durable, and is a cost-effective solution, especially for food & beverage products. The rapid expansion of the food industry is a major factor that contributes to the growth of the global thin wall packaging market.
The rising government restrictions and limitations on the utilization of non-biodegradable plastic material for packaging food items and other products are major factors hindering market growth. Food safety regulations have been imposed by the Food and Drug Administration (FDA), which has also resulted in the limitation of market growth.
The COVID-19 pandemic had a critical impact on several industries. The shutdown of businesses closing shops, retail stores, and hotels & restaurants resulted in a substantial loss in the thin wall packaging market worldwide. Initially, the implementation of lockdown led to a reduction in the sales of dine-in food and drink products. However, the massive growth of online food delivery services had a positive impact on industry growth. The rising demand for ready-to-eat meals and food items led to rapid market growth during the pandemic.
The report covers the following key insights:
By Material | By Product Type | By Application | By Geography |
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Based on material, the market is segmented into polypropylene (PP), polyethylene (PE), polyethylene terephthalate (PET), and others. The polyethylene terephthalate segment dominates the global thin wall packaging market. The material is easy to separate and is widely recyclable. Products developed with such materials are lightweight but durable and are perfect for several dairy packaging products, further driving segmental growth. The material is also non-reactive, shatterproof, and cost-effective, which boosts the segment growth.
Based on product type, the market is segmented into tubs & cups, trays & clamshells, lids, and others. The trays & clamshells segment leads the market and is estimated to witness significant growth over the forecast period. The rising demand for lightweight packaging solutions is a key factor influencing the segment growth. Moreover, its increasing usage in food, beverages, and other industries also propels segment growth.
Based on application, the market is segmented into food, beverages, electricals & electronics, and others. The food segment dominates the market and is anticipated to witness striking growth over the projected timeframe. The rising consumer demand for pre-packaged food items or food products that are easy to carry is a major factor boosting the segment growth. Moreover, the online food delivery trend is also a prime factor studied to bolster the growth of food applications.
Asia Pacific Dominates Market Due to Strong Growth of E-Commerce Industry
By region, the thin wall packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is the dominating region of the global thin wall packaging market. Rapid growth in the e-commerce sector, food & beverage industries, and consumer electronic sectors enhance the demand for thin wall trays, lids, and containers, further aiding regional growth.
North America is the second-dominating region and is slated to grow rapidly over the forecast period. The ongoing food delivery and rising demand for ready-to-eat food products in the region majorly contribute to regional growth. Europe is the fastest-growing region of the global thin wall packaging market. The rising demand for cost-effective, sustainable, and customized products in the region contributes to market growth. The usage of such products in the pharmaceutical and cosmetic industries in the region also enhances regional development. The Latin America market will foresee moderate demand due to the utilization of thin wall cups and lids in the beverage sector. The Middle East & Africa market is forecasted to experience steady growth due to the rising use of thin wall clamshells in the personal care and food sectors.
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