Global Thin Wall Plastic Containers Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Thin wall plastic containers are the specialized form of conventional injection molding that concentrates on mass-producing plastic parts that are thin and light, without structural compromise, in order to achieve material cost savings and shorter cycle times. Faster the cycle times increase the productivity and lowers cost per part. Plastic packaging helps to prevent contamination and maintains the standard quality of a product. These plastic containers are exclusively used to preserve food products like ready meals, yogurt, fruits & vegetables, meat, and margarine.
The factors that are playing a major role in the growth of Thin Wall Plastic Containers Market are high demand for the light and sustainable packaging solution and rising manufacturers providing a wide range of barrier resistance that is suitable for the functioning requirements. In addition, better stack ability and durability there is a high demand from catering and retailing sectors is another factor boosting overall market.
Thin Wall Plastic Containers Market is segmented based on material types, manufacturing technology, end use, and region. Material types such as Polyethylene (Low-Density Polyethylene and High-Density Polyethylene), Polystyrene, Polypropylene, and Polyethylene Terephthalate classify Thin Wall Plastic Containers Industry. Manufacturing technology such as Injection Molded Technology, Vacuum Formed Technology, Thermoformed, and others classify the market.
End Use into Cosmetics, Electronics, Food and Beverages, and others classify Thin Wall Plastic Containers Market. Thin Wall Plastic Containers Industry is segmented geographically into Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Globally, North America accounts for the largest market share of Thin Wall Plastic Containers Market and is estimated to lead the overall market in the upcoming years. The reason being, rising demand for plastic packaging. Western Europe follows suit. It is estimated that regional market will grow at fastest pace in the upcoming years. Germany is the major consumer of Thin Wall Plastic Containers Industry in this region.
The key players of Thin Wall Plastic Containers Market are Bonhomie Plastics Pvt., EVCO Plastics, Rexam Thin Wall Plastics, RPC Letica Corporation, Double H Plastics, Borouge Pte. Ltd., Acmepak Plastic Packaging, Sunrise Plastics, and Sem Plastic San Tic. A. S. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Thin Wall Plastic Containers in these regions, from 2012 to 2022 (forecast), covering
• North America
• Southeast Asia
Global Thin Wall Plastic Containers market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• EVCO Plastics
• RPC Letica Corporation
• Borouge Pte Ltd
• Sunrise Plastics
• Sem Plastik San Tic. A.S
• Acmepak Plastic Packaging
• Double H Plastics
• Rexam Thin Wall Plastics
• Bonhomie Plastics Pvt
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Polyethylene Terephthalate
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Thin Wall Plastic Containers for each application, including
• Food and Beverages
Research Support Specialist, USA