Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 36.28 Billion | USD 58.01 Billion | 4.8% | 2023 |
According to the report published by Zion Market Research, the global Thin Wall Plastic Containers Market size was valued at USD 36.28 Billion in 2023 and is predicted to reach USD 58.01 Billion by the end of 2032. The market is expected to grow with a CAGR of 4.8% during the forecast period. The report analyzes the global Thin Wall Plastic Containers Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Thin Wall Plastic Containers market.
The thin wall plastic containers are used in manufacturing technologies such as vacuum formed, thermoformed, and injection molded. The manufacturers of the thin wall plastic containers are making use of several materials to improve the benefits of packaging. The consumers make use of the packaging solution for long-life applications.
The market player Plastemart have developed thin walled containers that are mostly preferred as deep freeze containers. These containers are designed specially in order to store ice creams and can resist temperatures ranging from -15°C to -30°C. The size of the container is 500 ml and 1000 ml.
The global market for thin-walled plastic containers is fragmented into its material type, manufacturing technology, and end-user industry.
Based on the type of material, the global market is segregated into polystyrene, polyethylene terephthalate, polypropylene, and polyethylene.
Based on the manufacturing technology, the market is categorized into vacuum formed technology, thermoformed technology, injection molded technology, and others.
Based on the end-user industry, the market is divided into electronics, food and beverages, cosmetics, and others.
The increasing demand for a light and sustainable packaging solution is driving the demand for the thin wall plastic container market. The vendors of thin plastic containers are providing a wide range of barrier resistance that suits the functioning requirements, thus fueling the growth of the market. The thin-walled containers can be used for several purposes, such as for deep freezing. The thin-walled plastic containers are a feasible packaging solution. The thin-walled containers are low priced as they require fewer materials for their production.
They are being used increasingly in the molding technology for thin wall packaging and thin plastic molding. Owing to the new innovations in the product, there are new opportunities opening up for the market. In the coming years, the market will experience significant growth owing to the increasing developments in the plastic packaging industry.
Report Attributes | Report Details |
---|---|
Report Name | Thin Wall Plastic Containers Market |
Market Size in 2023 | USD 36.28 Billion |
Market Forecast in 2032 | USD 58.01 Billion |
Growth Rate | CAGR of 4.8% |
Number of Pages | 193 |
Key Companies Covered | EVCO Plastics, RPC Letica Corporation, Borouge Pte Ltd., Sunrise Plastics, Sem Plastik San. Tic. A.S., Acmepak Plastic Packaging, Ltd, Double H Plastics, Inc., Rexam Thin Wall Plastics, Ltd., and Bonhomie Plastics Pvt. Ltd. |
Segments Covered | By material type, By manufacturing technology, By the end-user industry and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Among the regions, North America dominates the thin wall plastic container market. This is due to the fact that this region has the highest demand for plastic packaging. The region that is following North America is Western Europe. The market will grow at a rapid rate in this region in the future. It is Germany that is the only leading regional market in Western Europe.
The key market players that are involved in the thin wall plastic containers market include
By Material Type
By Manufacturing Technology
By End-User Industry
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