Global Thin Wall Packaging Market is valued approximately USD 42.8 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 4.64% over the forecast period 2019-2026. The Thin Wall Packaging is helpful in protecting products and goods from contamination and physical damage during transportation. Packaging plays an important role in the growth of any product-based business, as packaging provides protection, information transmission, convenience, and security.with the rising demand for pre-packed and easily consumption food, the market for thin-wall packaging is estimated to drive across the globe. The global market for thin wall packaging is set to flourish due to the rising demand from the food & beverage industry, changing lifestyle, the rapid growth of the urban population as well as increasing disposable income. The increasing demand for light-weight, customer-friendly, and cost-effective packagings, such as packaging for cups, jars and food &beverages, and other such fragile products, has estimated to expand the growth of thin-wall packaging market over the forecast period of 2019-2026.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Major market player included in this report are:
Reynolds Group Holdings
Berry Global Group
RPC Group PLC
Paccar GmbH (Coveris Rigid)
Greiner Packaging International
Double H Plastics
The regional analysis of the global Thin Wall Packaging Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and the Rest of the World. Europe is the leading region across the world. The market of thin-wall packaging of Europe is rising in domestic demand for food products & exports, and an increase in the consumption of packed food products. The growth is attributed to the rapid industrialization, increasing middle-class income, and penetration of the e-commerce industry in this region. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2019-2026.
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