The global thin-wall plastic container market is witnessing significant growth, driven by the growing shift towards sustainable packaging solutions. Future Market Insights (FMI) anticipates a year-on-year growth rate of 5.3% in 2021, with global sales expected to reach a substantial 307,885 million units in the same year. FMI’s analysis projects that the market’s total worth will reach US$ 32.2 billion in 2021, with a continued upward trajectory. The thin-wall plastic container market is forecasted to sustain a healthy compound annual growth rate (CAGR) of 5.6% between 2021 and 2031.
North America stands at the forefront of this market, primarily due to the rising demand for plastic containers within the food and beverage industry. The region is poised to maintain robust growth, with a projected CAGR of around 4.1% throughout the forecast period. This growth reflects the increasing preference for thin wall plastic containers as a sustainable and versatile packaging solution in response to evolving consumer and industry demands.
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Growth Drivers:
- Sustainable Packaging Demands: Increasing awareness and demand for sustainable packaging solutions drive the growth of thin wall plastic containers as they are lightweight and contribute to reducing overall packaging material consumption.
- E-commerce Expansion: The growth of online shopping and home delivery services boosts the demand for lightweight and durable packaging, positioning thin wall plastic containers as a preferred choice for efficient and secure transportation of goods.
- Advancements in Material Technology: Continuous developments in polymer technology and the introduction of new materials enhance the strength, flexibility, and barrier properties of thin wall plastic containers, expanding their application in various industries.
- Urbanization and Changing Lifestyles: The global shift toward urban living and evolving consumer lifestyles increase the demand for convenient and portable packaging solutions, favoring the adoption of thin wall plastic containers in the food and beverage industry.
- Cost Efficiency and Production Speed: Manufacturers benefit from the cost-effectiveness and rapid production capabilities of thin wall plastic container manufacturing processes, driving growth by meeting the increasing demand for efficient and economical packaging solutions.
Market Innovations:
- Barrier Coatings: Innovative barrier coatings and layers applied to thin wall plastic containers enhance their resistance to oxygen, moisture, and other external factors, extending the shelf life of packaged products.
- Smart Packaging Solutions: Integration of smart features, such as RFID tags and QR codes, into thin wall plastic containers provides real-time tracking, traceability, and improved supply chain management for both manufacturers and consumers.
- Microwaveable and Ovenable Containers: Introduction of thin wall plastic containers designed for microwave and oven use, offering convenience and versatility in heating or cooking pre-packaged meals, contributing to the growing trend of ready-to-eat products.
- Biodegradable and Compostable Options: Innovations in eco-friendly materials result in the development of biodegradable and compostable thin wall plastic containers, addressing environmental concerns and meeting the demand for sustainable packaging solutions.
- Customized and Lightweight Designs: Advanced manufacturing technologies allow for the creation of customized and intricate designs in thin wall plastic containers, catering to brand-specific requirements and consumer preferences while maintaining lightweight properties for reduced environmental impact.
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Key Players
- 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.)
- Plastipak Holdings, Inc (U.S.)
- Indorama Ventures Public Company Limited (Thailand)
- Kaufman Container (U.S.)
- Amcor plc (Switzerland)
- Containers Plus (U.S.)
- Green Bay Plastics (U.S.)
- Mai animal health (U.S.)
- Zauba technologies and Data service private limited (India)
- Inmark global holding LLC (U.S.)
- APEX Plastics (U.S.)
Counterfeit Products to Pose a Threat to the Global Market
Like other vertical industries, the thin-wall plastic containers industry too is inundated by the overflow of counterfeit products. The influx of counterfeit products has been recognized as a core problem for the growth of the market in the long run. These counterfeit products are of low quality and can severely harm the well-being of end users. Companies such as Amcor are looking for ways to address this issue while maintaining their originality in the process.
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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
Region:
North America
Latin America
Eastern Europe
Western Europe
China
Middle East and Africa
Asia Pacific
Japan
Application:
Dairy Products
Frozen Foods
Fruits and Vegetables
Bakery and Confectionery
Juices and Soups
Meat, Seafood and Poultry
Ready-to-eat Meals
Pharmaceuticals
Personal Care and Cosmetics
Paints, Lubricants and Adhesives
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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