The global thin wall packaging market size is expected to grow from USD 42.8 billion in 2018 to USD 53.7 billion by 2023, at a compound annual growth rate (CAGR) of 4.64% during the forecast period. The rising demand for packaged food & beverages is expected to drive the growth of the thin wall packaging market.
The thin wall packaging market is led by major players such as Amcor (Australia), Reynolds Group (New Zealand), RPC Group (UK), Berry Global (US), Silgan Holdings (US), PACCOR (Germany), ILIP Srl (Italy), Mold-Tek Packaging (India), Greiner Packaging International (Austria), and Double H Plastics (US). These players have adopted numerous growth strategies to increase their market share and enhance their product portfolio. Acquisitions, new product launches, investments & expansions, and joint ventures are some of the major strategies adopted by leading players operating in the thin wall packaging market. The year 2017 experienced a large number of new products developed by top players in the market.
