North America dominates the thin-walled plastic containers market due to the growing demand for plastic containers in the food and beverage sector. The North American market is estimated to see a CAGR of roughly 4.1% over the anticipated period.
The globe is moving towards more environmentally friendly packaging options, which is increasing the need for thin wall containers. The market for thin wall plastic containers would grow by 5.3% yearly in 2021, predicts Future Market Insights (FMI). Sales of thin-walled plastic containers are projected to reach 307,885 Mn units globally in 2021.
The market for thin-walled plastic containers will be worth US$32.2 billion in 2021, per a study by Future Market Insights (FMI). The global sales of thin-walled plastic containers will increase between 2021 and 2031.
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Application in a Variety of Industries Is Boosting Sales of Thin Wall Plastic Containers
The demand for innovative and sustainable packaging is increasing along with the fast-growing consumer goods and food industries. Lightweight packaging is urgently needed, and demand for it is rising across many industries. Thin wall plastic container producers have been forced to expand their production capabilities and build new facilities in order to meet the demands of catering and retail businesses.
In the long run, the expansion of retail and supplier channels is also anticipated to be positive for market growth. Consumer preference for lightweight packaging is additionally anticipated to broaden the market’s reach across various industries and sectors.
Lightweight Packaging to Push Market Revenue Growth
Companies across the globe in different sectors are trying to cut costs and eliminate processes that diminish their bottom line. In comparison to other forms of packaging such as glass or can, a less amount of raw material is used while manufacturing thin wall plastic containers. This helps companies cut down their raw material costs.
In addition to this, thin wall plastic containers can be manufactured in a shorter cycle time which translates to higher productivity and comparatively lower cost per produced part. Furthermore, thin wall plastic containers are used in a variety of applications including medical disposables, electronic hosing and protection among others, which provide a lot of potential for cost savings for manufacturers, suppliers, and retailers in multiple fields.
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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
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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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