Thin wall plastic containers are a sturdy, lightweight option for the packaging and storage of a wide range of consumer goods, including food and drink, cosmetics, and home chemicals. The thin, high-density polyethylene (HDPE) or polypropylene (PP) walls of these containers, which also have adequate barrier properties to protect the contents, make them lightweight and easy to handle.
According to a study by Future Market Insights, the thin-walled plastic containers market will be worth $32.2 billion in US dollars in 2021. (FMI). Global sales of thin-walled plastic containers are anticipated to increase between 2021 and 2031 at a CAGR of 5.6%.
The market for thin-walled plastic containers is expanding quickly across the world due to a number of causes, including the rising need for packaging that is affordable, lightweight, and ecologically friendly. Also, the industry has expanded as a result of the rising demand for ready-to-eat foods and the popularity of convenience foods.
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Based on end-use industry, the market is segmented into food and beverage, personal care and cosmetics, household chemicals, and others. The food and beverage industry is the largest end-use industry for thin wall plastic containers due to the growing demand for ready-to-eat and convenience food products. The personal care and cosmetics industry is also expected to witness significant growth over the forecast period due to the increasing demand for lightweight and durable packaging solutions.
Geographically, the thin wall plastic containers market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America. The Asia Pacific region is the largest market for thin wall plastic containers due to the increasing demand for lightweight and cost-effective packaging solutions in the region’s growing food and beverage industry. The market in Europe is also expected to grow significantly due to the strict regulations on the use of environmentally sustainable packaging solutions.
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The demand for sustainable and eco-friendly packaging solutions is also driving innovation in the thin wall plastic containers market. Several companies are introducing new products made from recycled materials or with lower carbon footprints. For instance, Amcor plc recently launched a polyethylene terephthalate (PET) jar made from 100% post-consumer recycled material, which has a significantly lower carbon footprint compared to traditional PET jars.
In conclusion, the global thin wall plastic containers market is growing rapidly due to the increasing demand for lightweight, cost-effective, and sustainable packaging solutions in a variety of industries. The less than 500 ml segment is expected to witness significant growth due to the increasing demand for on-the-go and single-serve products. The food and beverage industry is the largest end-use industry for thin wall plastic containers, while the personal care and cosmetics industry is also expected to witness significant growth over the forecast period. The Asia Pacific region is the largest market for thin wall plastic containers, and the market is highly competitive with several major players focusing on new product development and strategic partnerships to increase their market share. The demand for sustainable packaging solutions is also driving innovation in the market, with companies introducing new products made from recycled materials or with lower carbon footprints.
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Some of the leading companies operating in the market are:
- Dahl-Tech, Inc (U.S.)
- Us Pack Group (U.S.)
- Dash Packaging Inc (U.S.)
- Canyon Plastics Inc (U.S.)
- MJS Packaging (U.S.)
- Berry Global Inc.(U.S.)
- Graham Packaging Company (U.S.)
- Alpack Plastics (U.S.)
Thin Wall Plastic Containers Market: Segmentation
Product Type:
- Boxes & Bins
- Trays
- Cups
- Lids
- Thin Wall Pails
- Bowls
Material Type:
- Polypropylene (PP)
- Polystyrene (PS)
- Polyethylene (PE)
- High-density Polyethylene (HDPE)
- Low-density Polyethylene (LDPE)
- Polyethylene Terephthalate (PET)
Manufacturing Technology:
- Thermoformed
- Vacuum Technology
- Injection Molded Technology
- Others
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