According to Future Market Insights (FMI), the thin-walled plastic containers market was valued at US$32.2 billion in 2021. It is projected to grow at a compound annual growth rate (CAGR) of 5.6% from 2021 to 2031.
The dominance of North America in the thin-walled plastic containers market can be attributed to the increasing demand for plastic containers in the food and beverage industry. The North American market is expected to grow at a CAGR of approximately 4.1% during the forecast period.
The global shift towards environmentally friendly packaging options is driving the demand for thin wall containers. FMI predicts an annual expansion of 5.3% in the thin wall plastic container market in 2021. The lightweight nature, durability, reduced material consumption, and improved recyclability offered by thin-walled plastic containers contribute to their growing demand.
FMI’s study indicates that the sales of thin-walled plastic containers are expected to reach 307,885 million units globally in 2021.
Overall, the thin-walled plastic containers market is experiencing growth due to the increasing demand in the food and beverage industry, the focus on environmentally friendly packaging, and the unique properties of thin wall containers
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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.)
Market Benefits
- The study provides an in-depth analysis of the global thin-walled plastic containers market along with the current trends and future estimations to elucidate the imminent investment pockets.
- The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
- An extensive analysis of the market based on application assists in understanding the trends in the industry.
- The report presents a quantitative analysis of the market from 2021 to 2031 to enable stakeholders to capitalize on the prevailing market opportunities.
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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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