In the food and beverages industry, quality and shelf-life of products has instrumented the need for thin wall packaging as some products reflected high profit margins when packed in thin wall plastic containers. Light weights of thin wall plastic containers are driving their utility in tackling bulk packaging and logistics challenges. Production capacities of food & beverage manufacturers continue to incur dynamic transformation, and major industry players prefer opting for the most profitable and economically-feasible packaging solution. Future Market Insights’ latest study offers presumptive scenarios for the growth of global thin wall plastic containers market in the near future. The research report estimates the global market for thin wall plastic containers to touch a valuation of US$ 45 billion by the end of 2027.
To assess the findings from this report, analyst associated with its development answers to the key concerns of market observers and industry stakeholders.
How big do you think the global thin wall plastic containers market is today?
Considering a predominant demand from retail sector and the food & beverage industry for the recent past, the global thin wall plastic containers market is likely to mark its current size at nearly US$ 26.3 billion. As of 2017, this estimated valuation of the global thin wall plastic containers market has been braced by high frequency of product innovations, packaging design trends, and a sharp increase in partnerships between market players and food & beverage industry participants.
According to your study, at what pace will the global thin wall plastic containers market expand in the near future?
Our report has assessed the market’s forecasting for 2017-2027 period. During this decadal period, the global market for thin wall plastic containers is poised to expand at a steady CAGR of 5.5% in terms of value.
What’s your take on the scope of thin wall plastic containers in retail sector of tomorrow?
My assessments indicate a high value growth for thin wall plastic containers in the retail sector through 2027. Compared to traditional plastic containers, thin wall plastic containers will exhibit high advantages in retail packaging requirements. Logistics infrastructures will compel their retail partners to adopt thin wall plastic containers for their role in efficient product delivery from warehouse to retail outlets.
Can you name some prominent market players?
Off course. Currently, packaging industry leaders such as Amcor are actively operating in the global thin wall plastic containers market. The list of prominent thin wall plastic container manufacturers includes Double H Plastics, Inc., Sem Plastik, ACMEPAK PLASTIC PACKAGING, LTD., RPC Group Plc, ENGEL AUSTRIA GmbH, Mold-Tek Packaging Limited, and D K Industries. Mergers and acquisitions are a key market trend, with Ball Corporation acquiring Rexam in 2016 being the latest notable development in the market’s competition landscape.
What do you perceive to be the greatest threat for the future of thin wall plastic containers?
Counterfeiting, most certainly. There are lot of new market entrants and companies duplicating the top-selling packaging formats such as thin wall plastic containers. Their business growth is the biggest threat, and can impede the growth of global thin wall plastic containers market considerably in less than a decade. Retail sector players and food & beverage companies are opting for the counterfeited thin wall plastic containers to extend their profit margins. However, this unethical practice is jeopardizing the status of thin wall plastic containers in the packaging world, considering how these duplicated products are failing to serve the purposes of thin wall plastic containers.
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