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Market Overview of Global Thin Wall Packaging market:
According to our latest research, the global Thin Wall Packaging market looks promising in the next 5 years. As of 2022, the global Thin Wall Packaging market was estimated at USD 46595.0 million, and it's anticipated to reach USD 63408.07 million in 2028, with a CAGR of 5.27% during the forecast years.
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.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Thin Wall Packaging market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Thin Wall Packaging Market Report:
Market Size Estimates: Thin Wall Packaging market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Thin Wall Packaging market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Thin Wall Packaging market
Segment Market Analysis: Thin Wall Packaging market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Thin Wall Packaging market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Thin Wall Packaging Market: Revenue and sales volume of major countries in each region
Thin Wall Packaging Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Thin Wall Packaging market in major regions.
Thin Wall Packaging Industry Value Chain: Thin Wall Packaging market raw materials & suppliers, manufacturing process, distributors, downstream customers
Thin Wall Packaging Industry News, Policies & Regulations
Key players in the global Thin Wall Packaging market are covered in Chapter 12:
Ilip SRL
Groupe Guillin
Paccor GmbH
Greiner Packaging International
Silgan Holdings
SABIC
Amcor
Berry Global
Double H Plastics
Alpha Packaging
LykaPack
EVCO Plastics
Sem Plastik
Omniform Group
Mold-tek Packaging
In Chapter 2 and Chapter 15.1, based on types, the Thin Wall Packaging market from 2018 to 2028 is primarily split into:
Polypropylene (PP)
Polyethylene (PE)
Polystyrene (PS)
Polyvinyl Chloride (PVC)
Polyethylene Terephthalate (PET)
Others
In Chapter 3 and Chapter 15.2, based on applications, the Thin Wall Packaging market from 2018 to 2028 covers:
Food and Beverages
Pharmaceuticals
Cosmetics and Personal Care
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Thin Wall Packaging market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028