The global thin-wall plastic container market is expected to be valued at USD 35,735 million in 2024 and is anticipated to reach USD 54,315 million by 2034. The thin wall container market is projected to expand at a CAGR of 4.8% over the forecast period. The revenue generated by thin wall plastic containers in 2023 was USD 33,877 million and is anticipated to exhibit a y-o-y growth of 5.2% in 2024.
| Attributes | Key Insights |
|---|---|
| Base Value, 2023 | USD 33,877 million |
| Estimated Global Thin Wall Plastic Container Market Size (2024E) | USD 35,735 million |
| Projected Thin Wall Plastic Container Market Value (2034F) | USD 54,315 million |
| Value-based CAGR (2024 to 2034) | 4.8% |
The market for thin-walled plastic containers is expanding rapidly due to the food and beverages sector’s exponential growth. Foods, snacks, dairy goods, and beverages are all packaged extensively in thin-walled plastic containers. They are easy to handle, convenient, and can be made to fit a variety of product shapes and sizes.
Compared to alternatives, thin wall plastic containers are made using lighter materials and thinner walls. This design optimization makes them more cost-effective and lightweight, suitable for the ‘on-to-go’ food trend.
Thin wall plastic containers are also used in the pharmaceutical and personal care sectors, where it is crucial to have lightweight packaging with adequate strength and barrier qualities. Thin walls and lightweight containers are set to lower the material and shipping costs, thereby increasing cost-effectiveness in the market.
Several thin-wall plastic containers are made with recyclable materials to address environmental concerns and are built with sustainability in mind. Shapes, sizes, and labeling of the containers can be altered to match individual product requirements and provide brand distinctiveness.
Manufacturers are investigating recyclable and environmentally friendly materials for thin-wall plastic containers as part of a movement toward more environmentally friendly practices. Ongoing research & development aims to create novel materials with enhanced environmental sustainability and barrier qualities.
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The global market for thin-walled plastic containers recorded a CAGR of 4.2% from 2019 to 2023. The market was valued at USD 33,877 million in 2023 from USD 28,994 million in 2019.
Over the past several years, there has been a significant increase in the market for thin-wall plastic containers. The food & beverage industry has been putting more demand on thin-walled plastic containers. End-user companies in this industry prefer them because of their outstanding barrier qualities and hygienic sealing.
The plastic packaging sector, which includes thin-wall plastic containers, has made sustainability a key priority. Recyclable and biodegradable plastics are examples of sustainable materials that manufacturers have begun investigating and using to meet consumer demands and address environmental issues.
The efficiency and economics of making thin-walled plastic containers have increased due to developments in injection molding technology and other manufacturing techniques. The use of robotics and automation to improve manufacturing capacities has grown.
The exceptional features of thin-wall plastic containers, such as temperature resistance, impact resistance, transparency, lightweight, and affordability, make them an ideal choice for packaging applications. Spurred by the expansion of the bakery, retail, and ready-to-eat food industries, the demand for thin-walled plastic containers is expected to witness substantial growth over the forecast period.
Principal Consultant
The table presents the expected CAGR for the thin wall plastic container market over several semi-annual periods spanning from 2023 to 2033. In the first half (H1) of the decade from 2023 to 2033, the market is predicted to surge at a CAGR of 4.4%, followed by a lower growth rate of 3.7% in the second half (H2) of the same decade. Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to decrease slightly to 3.3% in the first half and to expand at 4.1% in the second half.
| Particular | Value CAGR |
|---|---|
| H1 | 4.4% (2023 to 2033) |
| H2 | 3.7% (2023 to 2033) |
| H1 | 3.3% (2024 to 2034) |
| H2 | 4.1% (2024 to 2034) |
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The below section shows the polypropylene segment dominating by material type. It is predicted to surge at a CAGR of 4.4% by 2034. Based on application type, the dairy product segment is anticipated to generate a dominant share through 2024. It is set to rise at a 4.5% CAGR by 2034.
| Material Type | Value CAGR |
|---|---|
| Polypropylene | 4.4% |
Polypropylene is being prominently employed in thin-wall plastic containers and is anticipated to hold 1/3rd of the market share in 2024. Polypropylene is a lightweight material offering high strength and stiffness, which makes it an ideal option for food, beverage, and other consumer products.
Polypropylene also provides excellent impact resistance, durability, heat resistance, and chemical resistance, leading to its enhanced applications in the thin-wall plastic container market. Polystyrene is set to expand at a significant CAGR of 4.4% during the forecast period.
| Application | Value CAGR |
|---|---|
| Dairy Products | 4.5% |
With the food & beverages and consumer goods industries growing at a substantial rate, the demand for advanced and sustainable packaging is also surging. The need of the hour is for lightweight packaging, with demand for the same increasing across several industries. The need to meet the demands of catering and retail companies is pushing thin-wall plastic container manufacturers to intensify their production capacity and set up new plants.
The below table shows the estimated growth rates of the leading countries. Brazil, China, and South Africa are set to record high CAGRs of 6.2%, 6.2%, and 6.7%, respectively, through 2034.
| Country | Value (CAGR) |
|---|---|
| United States | 3.4% |
| Brazil | 6.2% |
| Mexico | 5.0% |
| Germany | 3.1% |
| France | 4.2% |
| China | 6.2% |
| India | 5.6% |
| South Africa | 6.7% |
In China, food and beverage packaging is done using thin-walled plastic containers. These containers are set to be widely used because of their ease of use, portability, and suitability for several products.
The production of thin-walled plastic containers reflects China's reputation for technological innovation. Automation and injection molding technologies have been continuously improving, which has increased productivity and improved product quality.
China boasts an extremely complex and modern packaging sector, which includes thin-walled plastic containers. Superior manufacturing technology, strict quality controls, and a focus on new product development are advantageous to the market.
China has seen a rise in the emphasis on sustainability, in line with general trends. Producers are exploring and implementing eco-friendly materials & recycling activities to address environmental concerns, which is influencing the thin-wall plastic container industry.
Brazil is known for its stringent quality standards and regulations, particularly in sectors such as medicines and food. Producers of thin-walled plastic containers follow these guidelines to guarantee the security and compatibility of their goods for several uses.
Brazil's retail environment, which is typified by a high concentration of convenience stores, is shaping consumer preferences for packaging. Plastic containers with thin walls are preferred as they are convenient, look good on shelves, and can be consumed on the go.
As the population ages, there is an increasing need for packaging solutions that meet the needs of senior citizens. This movement is set to influence thin-wall plastic container designs and operations in demographics in Brazil.
The packaging sector in the United States prioritizes innovation, which also applies to plastic containers with thin walls. Manufacturers are always experimenting with novel materials, designs, and technologies to satisfy consumer expectations for ease of use, sustainability, and product uniqueness.
The United States packaging sector is paying increasing attention to sustainability, in line with general global trends. Using recyclable materials, lessening the impact on the environment, and catering to customer preferences for eco-friendly packaging are all included in this.
In the United States, the food and beverage sector significantly uses thin-wall plastic containers. Their large market share results from the packaging of goods, including dairy products, ready-to-eat meals, snacks, and beverages for which these containers are used.
Thin-wall plastic container manufacturers are developing innovative designs catering to specific products or applications. Leading players in the market are expanding their presence and manufacturing capabilities. They are moving toward adopting and offering sustainable solutions to customers.
Companies are further expanding by integrating with diverse forms and collaborating to develop designs and products. Recent activities and developments implemented by leading players in the market are:
| Attribute | Details |
|---|---|
| Estimated Value (2024) | USD 35,735 million |
| Projected Value (2034) | USD 54,315 million |
| Anticipated Growth Rate (2024 to 2034) | CAGR of 4.8% from 2024 to 2034 |
| Base Year for Estimation | 2023 |
| Historical Data | 2019 to 2023 |
| Forecast Period | 2024 to 2034 |
| Quantitative Unit | Revenue in USD million, Volume in Units, and CAGR from 2024 to 2034 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product, Material, Manufacturing Technology, Application, Region |
| Key Regions Covered | North America; Latin America; Asia Pacific excluding Japan; Western Europe; Eastern Europe; Middle East and Africa; Japan |
| Key Companies Profiled | Ball Corporation; Double H Plastics, Inc.; ACMEPAK PLASTIC PACKAGING, LTD.; Sem Plastik; RPC Group plc; Mold-Tek Packaging Limited (MTPL); ENGEL AUSTRIA GmbH; D K Industries; Metro Valves; Insta Polypack; Zhejiang Shenghui Kitchenware Co., Ltd.; Taizhou Kaiji Plastic Mould Co., Ltd.; Guangdong Happy Home Plastic Co., Ltd.; Shantou Gepai Environmental Technology Co., Ltd.; Dongguan Invotive Plastic Products Co., Ltd.; Sunrise Plastics Ltd.; Borouge; SABIC; Exxon Mobil Corporation; The Dow Chemical Company |
The market is set to reach USD 35,735 million in 2024.
Demand for thin wall plastic containers is slated to expand at a 4.8% CAGR by 2034.
The market is set to reach USD 54,315 million by 2034.
Ball Corporation, Double H Plastics, Inc., and Sem Plastik are the key players.
Polypropylene segment is estimated to lead the market in 2024.
1. Executive Summary 2. Market Introduction 3. Market Viewpoint 4. Global Market Analysis By Region 4.1. North America 4.2. Latin America 4.3. Asia Pacific excluding Japan 4.4. Western Europe 4.5. Eastern Europe 4.6. Japan 4.7. Middle East and Africa 5. Global Market Analysis By Product Type 5.1. Boxes and Bins 5.2. Trays 5.3. Cups 5.4. Lids 5.5. Thin Wall Pails 5.6. Bowls 6. Global Market Analysis By Material Type 6.1. Polypropylene (PP) 6.2. Polystyrene (PS) 6.3. Polyethylene (PE) 6.3.1. High-density Polyethylene (HDPE) 6.3.2. Low-density Polyethylene (LDPE) 6.4. Polyethylene Terephthalate (PET) 7. Global Market Analysis By Manufacturing Technology 7.1. Thermoformed 7.2. Vacuum Formed Technology 7.3. Injection Moulded Technology 7.4. Others 8. Global Market Analysis By Application Type 8.1. Dairy Products 8.2. Frozen Food 8.3. Fruit and Vegetables 8.4. Bakery and Confectionery 8.5. Juices and Soups 8.6. Meat, Seafood, and Poultry 8.7. Ready-to-eat Meals 8.8. Pharmaceuticals 8.9. Personal Care and Cosmetics 8.10. Paints, Lubricants, and Adhesives 9. North America Market Analysis 10. Asia Pacific excluding Japan Market Analysis 11. Western Europe Market Analysis 12. Eastern Europe Market Analysis 13. Latin America Market Analysis 14. Middle East and Africa Market Analysis 15. Japan Market Analysis 16. Competition Landscape 16.1. Ball Corporation 16.2. ACMEPAK PLASTIC PACKAGING, LTD. 16.3. Sem Plastik 16.4. RPC Group plc 16.5. Mold-Tek Packaging Limited (MTPL) 16.6. ENGEL AUSTRIA GmbH 16.7. D K Industries 16.8. Metro Valves (India) 16.9. Insta Polypack (India) 16.10. Zhejiang Shenghui Kitchenware Co., Ltd. 16.11. Taizhou Kaiji Plastic Mould Co., Ltd. 16.12. Guangdong Happy Home Plastic Co., Ltd. 16.13. Shantou Gepai Environmental Technology Co., Ltd. 16.14. Dongguan Invotive Plastic Products Co., Ltd. 16.15. Sunrise Plastics Ltd. 16.16. Borouge 16.17. SABIC 16.18. Exxon Mobil Corporation 16.19. The Dow Chemical Company 16.20. Double H Plastics, Inc. 17. Research Methodology 18. Assumptions and Acronyms
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Thin Wall Plastic Container Market
