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Thin Wall Packaging USA Market| COVID-19 Impact

Regional Analysis

The Thin Wall Packaging USA market in the European region holds the second-largest share, globally. The region would project a substantial market demand due to the improving economy, growth in the foodservice & packaging sector, and growing consumption for packaged food products. Changing lifestyles and the increasing demand from the eCommerce sector is allowing the Thin Wall Packaging USA market in the region to increase rapidly.

Moreover, the demand for sustainable packaged solutions from the F&B industry is further expected to foster the growth of the market. Factors such as the increasingly lucrative opportunities in the packaging industry and the large exports of fresh produce, especially from China and India, propel the regional market.

Competitive Landscape

Highly competitive, the Thin Wall Packaging USA market appears to be fragmented characterized by the presence of several large and small-scale players.  These players incorporate strategic initiatives such as collaboration, acquisition, partnership, expansion, and technology launch to gain a competitive advantage in the market.

Manufacturers employ continuous improvement strategies to upgrade products. To achieve this goal, they implement improvements and use advanced technologies. And, thus, meet the changing needs of the consumer. These players invest substantially in research and development projects and develop state-of-the-art equipment, facilities, advanced technology, and processes.

Major Players:

Players leading the global Thin Wall Packaging USA market include Reynolds Group Holdings (Auckland), Amcor Limited (Australia), Berry Global Inc. (US), Silgan Holdings  (US), RPC Group PLC (UK), Mold-Tek Packaging (India), Ilip SRL (Italy), Double H Plastics (US), Groupe Guillin (France), and Greiner Packaging International GmbH (Austria), among others.

Industry/Innovation/Related News:

July 03, 2019 ---- Borealis AG (Austria), one of the largest producers of polyethylene and polypropylene, launches recycling technology Borcycle™, an evolving technology to be used to produce high-quality compounds made of recycled polyolefins (rPO).

At the event, Borealis also announced a series of significant improvements in materials such as existing recyclates in the established Purpolen™ brand portfolio. For instance; Purpolen® PP Y40 is a recycled polypropylene (PP) with higher and improved flowability. The melt flow index of Purpolen is now improved to 40g/10min for the injection molding of thin-walled parts with target applications in thin-wall packaging.

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