Dublin, Nov. 01, 2023 (GLOBE NEWSWIRE) -- The "Thin Wall Packaging - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Quick Summary
Dive into the expansive world of the global Thin Wall Packaging market, a sector poised for significant growth over the coming years. The market, valued at US$58.4 Billion as of 2022, is projected to reach a revised size of US$96.2 Billion by 2030. This growth is fueled by segments like Jars and Tubs, set to grow at promising CAGRs. Within this burgeoning market, the U.S. holds an estimated value of US$15.9 Billion, trailed closely by China, forecasting a CAGR of 11.6%.
This comprehensive market research report provides a rich and in-depth analysis of the Thin Wall Packaging industry, equipping your business with critical insights and data to stay ahead. This includes a detailed analysis of competitor activity, featuring key players like Amcor, Berry Global Group, and Borealis, among others. In an increasingly competitive landscape, staying informed isn't just an advantage, it's a necessity.
The global Thin Wall Packaging market, which was valued at US$58.4 Billion in 2022, is poised for significant growth, with a projected size of US$96.2 Billion by 2030. This growth is expected to be driven by a compound annual growth rate (CAGR) of 6.4% over the analysis period spanning from 2022 to 2030.
The report identifies "Jars" as one of the standout segments, anticipated to achieve a remarkable CAGR of 7.8% and reach a market value of US$34.5 Billion by the end of the analysis period. Simultaneously, the "Tubs" segment is adjusted to a revised 5.2% CAGR for the next 8-year period, considering the ongoing post-pandemic recovery.
The United States constitutes a significant portion of the global market, with an estimated market value of US$15.9 Billion in 2022. China, the world's second-largest economy, is set to experience impressive growth, with a projected market size of US$23.6 Billion by 2030, driven by a robust CAGR of 11.6% during the analysis period from 2022 to 2030. Other noteworthy markets include Japan and Canada, each expected to grow at rates of 2.7% and 4.8%, respectively, over the 2022-2030 period. In Europe, Germany is forecasted to grow at approximately 3.9% CAGR.
Competitive Landscape
The report features a comprehensive list of key competitors, with a total of 36 prominent players. Notable market players include:
- Acmepak Plastic Packaging Co. Ltd.
- Amcor
- Berry Global Group
- Borealis
- Dampack International B.V.
- Double H Plastics
- EVCO Plastics
- Greiner Packaging International
- ILIP S.r.l.
- Insta Polypack
- International Traders (Sanpac)
- LykaPack
- Mold-Tek Packaging
- Omniform Group
- Paccor GmbH (Coveris RIGID)
- Plastipak Industries Inc.
- Reynolds Group
- RPC Group PLC
- Shree Rama Multi-Tech Limited
- Silgan Holdings
- Taghleef Industries
- Takween Advanced Industries
Other Notable Insights
The report also highlights critical industry developments, including coverage of the Russia-Ukraine war, global inflation, changes in China's zero-COVID policy and its reopening challenges, supply chain disruptions, global trade tensions, and the risk of recession. Additionally, the report provides insights into global competitiveness and the percentage market shares of key competitors, as well as their market presence across multiple geographies, categorized as Strong, Active, Niche, or Trivial. It also offers access to digital archives and a Research Platform, along with complimentary updates for one year.
Conclusion
The global Thin Wall Packaging market is on a path of substantial growth, with several key segments poised for impressive CAGR figures. The market is driven by a blend of international and regional players, with China taking a significant lead in terms of growth potential. As the industry faces various global challenges and opportunities, it remains dynamic and competitive, offering opportunities for both established and emerging players.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 92 |
| Forecast Period | 2022-2030 |
| Estimated Market Value (USD) in 2022 | $58.4 Billion |
| Forecasted Market Value (USD) by 2030 | $96.2 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 and a Looming Global Recession
- Thin Wall Packaging - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/hp6pim
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