Caps and Closures Market to Expand at a CAGR of 5.2%, Reach at USD 65.12 Bn by 2023 | Key Players Amcor Limited, Rexam PLC, AptarGroup, Holdings Limited, C
The latest market report published by Credence Research, Inc. “ Thin Wall Packaging Market: Growth, Future Prospects, and Competitive Analysis, 2019 – 2027” the thin wall packaging market was valued at US$ 41.7 Bn in 2018 and expected to grow at a CAGR of 4.5% during the forecast period from 2019 to 2027. Market Insights “Growing demand for lightweight and eco-friendly packaging worldwide will drive the demand for Thin Wall Packaging Market” The thin wall packaging market is majorly driven by the surge in demand for lightweight and eco-friendly packaging solutions worldwide. The rapid surge in demand for packaged food and growing food & beverages industry are some other major growth factors anticipated to enhance the global market over the forecast period. Changing consumer lifestyle along with growing demand of thin wall packaging from developing economies such as India, China, Brazil, Indonesia and others are also estimated to support the market growth during the forecast period. Stringent government regulations to reduce packaging weight is another prominent factor for the market demand in years to come. Introduction of recyclable packaging material and adoption of bio-based materials are some other key factors projected to further drive the global market growth throughout the forecast period. Europe had a major share in the global thin wall packaging market in 2018.
Thin Wall Packaging Market- Rising Demand For Lightweight Packaging Solutions Worldwide Will Boost Market texasguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasguardian.com Daily Mail and Mail on Sunday newspapers.
Global Thin Wall Packaging Markets, 2017-2019 & 2020-2027 - Rising Demand for Lightweight Packaging Solutions Worldwide will Boost Growth December 16, 2020 05:58 ET | Source: Research and Markets Research and Markets Dublin, IRELAND Rising demand for lightweight packaging solutions worldwide will boost market growth The global thin wall packaging market is rising significantly, anticipated to expand at a CAGR of 4.5% during the estimated period from 2019 to 2027, starting from US$ 41.7 Bn in 2018. The global thin wall packaging market is majorly driven by the rising food & beverage industry and growing demand for lightweight packaging. A surge in demand for a consumer-friendly and changing lifestyle are some other factors expected to drive the market in years to come.
Packaging Materials Market Comprehensive Study with Key Trends, Major Drivers and Challenges 2020-2025 marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.