According to Future Market Insights (FMI), the thin-walled plastic containers market is estimated to be valued at US$32.2 billion in 2021. Over the period from 2021 to 2031, the global sales of thin wall plastic containers are expected to grow at a compound annual growth rate (CAGR) of 5.6%.

The dominance of North America in the thin-walled plastic containers market is primarily driven by the increasing demand for plastic containers in the food and beverage industry. The North American market is projected to experience a CAGR of approximately 4.1% during the forecast period.

The growing demand for thin wall containers aligns with the global shift towards environmentally friendly packaging options. Future Market Insights (FMI) predicts an annual expansion rate of 5.3% for the thin wall plastic container market in 2021. The lightweight nature, durability, reduced material consumption, and improved recyclability of thin-walled plastic containers contribute to their increasing demand.

According to FMI’s study, the sales of thin-walled plastic containers are expected to reach 307,885 million units globally in 2021.

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In summary, the thin-walled plastic containers market is witnessing growth due to factors such as the rising demand in the food and beverage industry, increasing focus on environmentally friendly packaging, and the unique properties offered by thin wall containers.

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.

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.)

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Report Benefits & Key Questions Answered
• Thin Wall Plastic Containers Historical Market Analysis: The detailed survey by FMI, examines key factors in the Water Resistant Packaging market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Water Thin Wall Plastic Containers market for the forecast period 2021 to 2031
• Thin Wall Plastic Containers Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Thin Wall Plastic Containers for the assessment period. As per the study, the demand for Thin Wall Plastic Containers will grow at a robust CAGR between 2031 to 2031.
• Thin Wall Plastic Containers Market Trend Analysis: The latest study by FMI on the Thin Wall Plastic Containers market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

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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