The report "Thin Wall Packaging Market by Product Type (Tubs, Cups, Jars, Trays, Clamshells, Lids, Pots), Production Process (Thermoforming, Injection Molding), Material (PP, PE, PET, PS, PVC), Application (Food, Beverages), and Region - Global Forecast to 2023" The thin wall packaging market is expected to grow from USD 42.8 billion in 2018 to USD 53.7 billion by 2023, at a CAGR of 4.64%. Rising demand for packaged food coupled with a growing preference for customer-friendly and lightweight packaging and cost-effectiveness drive the demand for thin wall packages. Furthermore, the increase in demand from the food & beverage industry and the aesthetic appeal of thin wall packaging further boost its market growth.
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In August 2018, Amcor Limited announced to acquire Bemis Company, Inc. (US), under which Amcor would acquire Bemis in an all-stock combination. The transaction is expected to be valued at USD 6.8 billion and is expected to close by the first quarter of 2019. This transaction is aimed at increasing the R&D capabilities and expanding its geographical presence to cater to the demand for sustainable packaging. Under this transaction, Amcor’s shareholders would own 71%, while Bemis’ shareholders would own 29% of the combined company.
In November 2017, RPC Superfos introduced an innovative spoon-in-the-lid solution for yogurts, desserts, and other dairy products. This lid is especially useful for consumers who eat on-the-go.
In June 2017, RPC Group acquired Astrapak (South Africa), a key manufacturer of molded and thermoformed plastic packaging catering to the African market. This acquisition was aimed to increase RPC Group’s presence in the thin wall packaging market.
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Key players operating in the thin wall market include Amcor (Australia), Berry Global (US), Silgan Holdings (US), PACCOR (Germany), RPC Group (UK), Reynolds (New Zealand), ILIP Srl (Italy), Mold-Tek Packaging (India), Greiner Packaging (Austria), and Double H Plastics (US). These players have adopted various growth strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions, and new product launches are some of the major strategies adopted by key players operating in the thin wall packaging market.
On the basis of material, the thin wall packaging market has been categorized as follows:
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
High-density Polyethylene (HDPE)
Low-density Polyethylene (LDPE)
Thin Wall Packaging Market
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Thin Wall Packaging Market by Product Type (Tubs, Cups, Jars, Trays,
Clamshells, Lids, Pots), Production Process (Thermoforming, Injection
Molding), Material (PP, PE, PET, PS, PVC), Application (Food,
Beverages), and Region - Global Forecast to 2023
[139 Pages Report] The study involved four major activities to estimate the current market size for
thin wall packaging products. Exhaustive secondary research was done to collect information on the
market, peer market, and the parent market. The next step was to validate these findings,
assumptions, and sizing with industry experts across the value chain through primary research.
Both top-down and bottom-up approaches were employed to estimate the complete market size.
Thereafter, market breakdown and data triangulation were used to estimate the market size of the
segments and subsegments.
In the secondary research process, various secondary sources such as Hoovers, Bloomberg
BusinessWeek, and Dun & Bradstreet have been referred to, so as to identify and collect
information for this study. These secondary sources included annual reports, press releases &
investor presentations of companies, white papers, certified publications, articles by recognized
authors, gold & silver standard websites, food safety organizations, regulatory bodies, trade
directories, and databases.
Various primary sources from both the supply and demand sides of the market were interviewed to
obtain qualitative and quantitative information. The primary sources from the supply side include
industry experts such as CEOs, vice presidents, marketing directors, sales professionals, and
related key executives from various key companies and organizations operating in the thin wall
packaging market. The primary sources from the demand s