Thin Wall Packaging Market Growth Projected to Reach $76.77 Bn by 2032

Growth and Trends in the Thin Wall Packaging Market

The global thin wall packaging market, valued at USD 41.48 billion in 2022, is expected to grow significantly, reaching USD 76.77 billion by 2032. This represents a compound annual growth rate (CAGR) of 6.4% from 2023 to 2032.

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Polypropylene’s (PP) Lightweight and Affordable Design Aiming to Thin wall Packaging Market Growth

Polypropylene (PP) containers are quickly becoming a top choice in the thin wall packaging market, especially where cleanliness and sustainability are important. These containers are replacing single-use packaging made from other materials, offering an eco-friendly solution that also addresses hygiene concerns. Thanks to the Thin Wall Injection Molding (TWIM) process, PP containers are versatile and can be used in freezers and microwaves. This makes them efficient, reusable options for food storage, helping keep items fresh and healthy for longer.

In Europe, plastic packaging accounts for about 40% of total demand, but the disposability of these materials is raising environmental concerns. Without proper design guidelines or regulations, many packaging products are designed for single use, contributing to excessive consumption and highlighting the need for better recyclability at the end of their life. To tackle this, there is a push to increase the use of PP containers, which are lightweight, affordable, and suitable for daily food storage, delivery, and other purposes.

It’s important to recognize the environmental impact of disposable packaging, especially when it’s not properly disposed of. A large amount of plastic ends up as marine litter due to its throwaway nature, and there is an urgent need for better waste management and sustainable practices. Furthermore, since many plastics have limited recyclability, finding practical uses for recycled materials is essential to reduce the environmental footprint and create a more sustainable packaging system.

Recent Developments

In October 2023, Skanem AS acquired 100% of the shares in Bergen Plastics AS and Heger AS, both prominent players in the packaging industry.

In April 2021, Oerlikon, a leading provider of surface engineering, plastic processing, and additive manufacturing solutions, expanded its capabilities by acquiring INglass S.p.A. from Italy. This acquisition included cutting-edge hot runner systems technology, which will be integrated into its HRSflow division, further enhancing its market leadership.

In June 2022, Heinz and Tesco teamed up with Berry Global, a key player in the packaging industry, alongside Plastic Energy and Sabic, experts in recycling technology. Together, they worked to enable the recycling of soft plastics collected at Tesco’s in-store collection points.

In September 2022, Borealis and Trexel, a global leader in foaming injection and blow-moulded parts, introduced a new plastic container made from a grade of polyolefins sourced entirely from waste and residual materials from Borealis’ Bornewables™ portfolio.

Market Segments

By Material

• Polypropylene (PP)
• Polyethylene (PE)
• Polystyrene (PS)
• Polyethylene Terephthalate (PET)
• Others

By Product Type

• Boxes
• Tubs
• Jars
• Cups
• Trays
• Bowls
• Lids

By Region

• North America
• Europe
• Asia Pacific
• LAMEA (Latin America, Middle East, and Africa)

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