Thin wall mould is a part of a conventional moulding machine which is used for manufacturing of mass production of thin wall containers. Thin wall mould is primarily used for manufacturing of the low weight containers which includes cups, trays, boxes, pails, dish, and many others which has a wall thickness less than 0.6 mm.
Therefore, end-users have more preference for thin wall packaging products for minimizing transportation and storage cost. Polypropylene based thin wall packaging is expected to account for maximum market share during the forecast period owing to high stiffness, heat resistance, and steam barrier properties. The thin wall mould market is highly consolidated. Tough completion among the key players is witnessed across different regions.
Minimizing plastic use is the prime factor for driving the global market of thin wall mould. It is anticipated that using thin containers, plastic litter is reduced by nearly 28% in Europe. Additionally, increasing demand for lightweight packaging from the end-users is responsible for significant growth opportunities for the key players of thin wall mould.
For instance, Berry Global Group has more emphasis on thin wall packaging containers used for food products such as ice cream, pastries, salad, and yoghurt. Furthermore, rising demand for sustainable products further drives the market of thin wall mould.
High demand for increased production speed, increased productivity, uniformity in bulk manufacturing at a low cost of production are expected to create exponential opportunities for thin wall mould market. The thin wall mould market is growing on the backdrop of expansion of food and beverage industries for packaging of food and vegetable.
Automotive industries are also expected to create lucrative opportunities for producing thin automotive parts. This helps to reduce the overall weight of the vehicle. The demand for thin wall mould is also increasing with the expansion of electrical and electronics industries. The thin-walled mobile cases are used to protect smartphones.
In spite of positive aspects, several factors might have a negative impact on the growth of thin wall mould market. The product manufactured through thin wall mould consists of less tear resistance. That might hamper secured transportation of the inside products
As per regions, the thin wall mould market is segmented as Latin America, Europe, North America, Oceania, East Asia and South Asia, Africa, and the Middle East. North America is the leading market for thin wall mould attributing to the maximum presence of key players in this region. Following to North America, Europe is the second-largest market of thin wall mould.
Owing to minimizing plastic use, the demand for thin wall mould is increasing in European countries. Furthermore, it is witnessed that, the wall plastic packaging trend is shifting towards Asian countries. Rapid industrialization in the food and beverages sector in India, South Africa, and Indonesia propelling new opportunities for thin wall mould market.
The rapid growth of thin wall mould market is expected in China on the backdrop of cost-effectiveness of mould, less labor cost and easy availability of resources. The Oceania market is expected to witness sluggish market growth. Thin wall mould market is expected to expand with the prominent growth rate in Brazil, Mexico and Argentina as the demand for disposable cutlery in these regions is consistently increasing since the past three years.
The thin wall mould market is highly competitive. Some of the key players of this market include Aero Mould, Taizhou Huangyan Rhein Plastic Mold Co.,Ltd, Topworks Plastic, Micon Mould, ATM, Mantz Automation, Inc. EVCO Plastics, HQ Mould, and Omni Mold Company.
Besides this, many start-ups, local and unorganized players are expected to enter into the market for contributing to the growth of the global thin wall mould market during the forecast period.
The thin wall mould market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
The global market of thin wall mould has been categorized on the basis of product type, manufacturing process, and end use.
Based on product type, the market of thin wall mould is classified as:
Based on manufacturing process, the market of thin wall mould is classified as:
Based on end-use industry, the market of thin wall mould is classified as:
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Thin Wall Mould Market
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