According to the research report titled ‘Global Thin wall Plastic Container Market Size study, by Product Type (Boxes & Bins, Trays, Cups, Lids, Thin Wall Pails, Bowls) by Material Type (Polystyrene (PS), Polyethylene (PE), High-density Polyethylene (HDPE), Low-density Polyethylene (LDPE)) by Manufacturing Technology (Thermoformed, Vacuum Technology, Injection Molded Technology) by Application (Dairy Products, Frozen Foods, Fruits and Vegetables, Bakery and Confectionery, Juices and Soups, Meat, Seafood and Poultry, Ready-to-eat Meals, Pharmaceuticals, Personal Care and Cosmetics, Paints, Lubricants and Adhesives) and Regional Forecasts 2021-2027’, available with Market Study Report, global thin wall plastic container market size is projected to expand with a CAGR of 4.7% over 2021-2027.
 

Increasing number of retail and supply channel, along with surging demand for lightweight, advance, and sustainable packaging are fueling global thin wall plastic container market growth, cites the study.
 

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Moreover, increasing penetration of e-commerce in the food & beverage industry, and strategic moves by leading contenders are adding to the industry progression. Citing an instance, SABIC partnered with KraussMaffei Netstal Brand to establish a thin wall packaging application center in Switzerland in 2020.
 

For the unversed, thin wall packaging market comprises lids and open-top containers used in food and non-food applications. Frozen or fresh food, pharmaceuticals, adhesives, paint, and cosmetics are often stored in open-top plastic containers.
 

Considering restraints, products made in low quality pose a threat to the well-being of end users, which is likely to hamper the remuneration scope of the industry.
 

Regionally, Latin America, Asia Pacific, Europe, North America are the leading contributors to worldwide thin wall plastic container market remuneration. The report states that Asia Pacific industry is slated to amass notable gains by the year 2027, owing to rapid industrialization, growing middle-class population, and rising disposable income. Further, surging demand for sustainable packed products, especially in food & beverage sector, along with ease of convenient and visible packaging are driving the regional industry expansion.
 

On the other hand, Europe market is projected to witness considerable growth over 2021-2027, attributable to increasing number of retail chains, and rising consumption of packaged food products. Besides, improvements in regional economy, and growing food service packaging sector are adding to the market development.
 

Key players operating in global thin wall plastic container market sphere are Greiner Packaging International GmbH, Mold-Tek Packaging Ltd., ILIP S.R.L., Reynolds Group Ltd., RPC Group Ltd., Paccor, Silgan Holdings Inc., Berry Global Inc., Amcor plc, and Double H Plastics Inc.