The global thin wall packaging market is forecast to reach USD 61.32 Billion by 2026, according to a new report by Reports and Data. Thin wall packaging solution helps protect goods from physical damage and contamination during freight. Rising demand for pre-packaged food is driving the market for thin wall packaging. Thin wall packaging technology is used mainly to protect goods from contamination from an external source. It also protects the content from physical damage as well.
Products such as tubs, cups, trays, plastic jars, and clamshells offer protection and convenience for the product, which adds on to consumer appeal, simultaneously reducing carbon footprint. Increase in demand for thin wall packaging products in the food and beverage industry is also propelling the market demand. Growing urban population, increase in disposable income, and change in lifestyle are boosting the market. The need for packaged food has augmented among the consumers, owing to their lightweight feature, cost-effective, and customer-friendly packaging.
Europe is likely to project substantial demand due to economic development, expansion of foodservice packaging industry, and growing consumption for packaged food products. Europe is forecasted to grow with a CAGR of 4.6% during the forecast period. Improvement of the economy in the region and surge in retail chain tasks across the globe has pushed the demand for the market.
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Further key findings from the report suggest
For the purpose of this report, Reports and Data have segmented into the global thin wall packaging market on the basis of product type, production process, application, materials, and region:
Product Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Production Process Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Applications Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Material Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Regional Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
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