Thermoforming Plastic Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

$ PRICE - $ 3,000.00$ 8,900.00

Thermoforming Plastic Market: By Plastic Type (PP, Polystyrene, PET, PE, PVC, Bio-plastics, and ABS), Thermoforming Type (Vacuum Forming, Pressure Forming, and Mechanical Forming), Thickness (Thin Gauge and Thick Gauge), End Users (Food & Agricultural Packaging, Consumer Goods & Appliances, Healthcare & Pharmaceutical, Construction, Electrical & Electronics, Automotive Packaging & Structures, and Others), and Geography

 

$ PRICE - $ 3,000.00$ 8,900.00
Clear selection
Clear
$ PRICE - $ 3,000.00$ 8,900.00
FacebookTwitterLinkedinEmail
SKU: N/A Category:

Report

Description

Thermoforming Plastic Market size is expected to be valued at USD 14.5 billion in 2022 and is expected to grow at a CAGR of 5.2% in 2022-2028. The thermoforming plastic market contains thermoformed plastics sales by organizations, partnerships, and sole traders that are used to prepare consumer materials and packaging products that are tough, robust, and tamper-proof. Thermoforming is a process of manufacturing plastic that utilizes heat to shape plastic into a diversity of products. It guards the products while in transit and offers numerous seal selections that will either extend the shelf life of the product or permit easy usage, based on the packaging requirements. These are extremely multipurpose and can be used to manufacture parts to fulfill a need of end-users and for an extensive array of applications. The growing pharmaceuticals and healthcare and agriculture and food packaging businesses can lead to thermoforming plastic market growth. Moreover, the growing activities of manufacturing, rising popularity of retail shopping, and increasing spending of customers for packed and processed products are some primary factors that can boost the global thermoforming plastic market. Apart from these, altering lifestyles and demographics have progressed the market toward e-retailing networks and suitable packaging can also accelerate the market in the future. However, some factors such as stringent environmental guidelines concerning the usage of plastics can restrain the growth of the market.  The growing demand for surgical masks as the chief source of defense against pollution and also during the pandemic can create an opportunity for the global thermoforming plastic market growth. Moreover, instead of customizing the entire product characteristics, it is better to improvise products that fulfill a particular application is an emerging trend in the market.

Key Developments:

In April 2021, PowerPak SKIN.50 was launched by GEA which was based on high-capacity skin thermoforming packaging technology.

In January 2020, Thermoform Engineered Quality and Plastique Holdings were acquired by Sonoco Products Company for business expansion.

Thermoforming Plastic Market

MARKET SUMMARY
-
5.2%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 5.2%
  • Largest Market– North American
  • Fastest Growing Market– Asia-Pacific

Thermoforming Plastic Market

  • The thermoforming plastic market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The thermoforming plastic market is segmented based on, plastic-type, thermoforming type, thickness, end users and geography.
Key Players
  • Pactiv LLC
  • Genpak LLC
  • Sonoco Products Company
  • CM Packaging
  • Placon Corporation
Thermoforming Plastic Market Dynamics

One of the major reasons for the global thermoforming plastic market growth is the upsurge in need from the medical business. Thermoformed plastics have an application in the medical industry for multiple uses such as medical imaging, for instance, X-Ray, CT scans, MRI inclusions, disinfected packing, trays and bins, hospital bed components, hospital room panels, and support and stands apparatus. Moreover, a rise in production actions from the medical business is expected to propel the growth of the market in the forecast period.


North America Got Significant Share

Thermoforming Plastic Market

North America is dominating the global thermoforming plastic market, due to the fast industrial development and progressions in the packaging industry. Moreover, the increasing number of suppliers and manufacturers of thermoformed plastic goods in these regions has also attributed to the growth of the market. In addition, Asia Pacific is one of the most profitable regions and is generating new prospects for global players. For instance, developing economies in this region such as China and India have been undergoing robust economic growth which has the potential to increase the demand for thermoforming plastic in these regions. Apart from this, China is the largest supplier and producer of thermoformed plastics products using several kinds of technology has created a demand for the thermoforming plastic market growth.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share and forecast from 2021-2027
  • The report covers in-detail insights about the competitor’s overview, key findings and their key strategies
  • The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
  • The report tracks recent innovations, key developments and startup’s details that are working in the industry
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario

Thermoforming Plastic Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The thermoforming plastic market is projected to expand at a CAGR of 5.2% during the forecast period

Pactiv LLC, Genpak LLC, Sonoco Products Company, CM Packaging, Placon Corporation, Anchor Packaging LLC, Brentwood Industries, Greiner Packaging GmbH, Dongguan Ditai Plastic Products Co., Ltd, Palram Americas Ltd.

North America is the fastest-growing region for thermoforming plastic market


Report

Table Of Content

1. Executive Summary
2. Global Thermoforming Plastic Market Introduction
2.1. Global Thermoforming Plastic Market – Taxonomy
2.2. Global Thermoforming Plastic Market –Definitions
2.2.1. By Plastic-type
2.2.2. By Thermoforming Type
2.2.3. By Thickness
2.2.4. By End Users
2.2.5. By Region
3. Global Thermoforming Plastic Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Thermoforming Plastic Market Dynamic Factors – Impact Analysis
3.6. Global Thermoforming Plastic Market – Competition Landscape
4. Global Thermoforming Plastic Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Thermoforming Plastic Market, By Plastic-type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. PP
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Polystyrene
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. PET
5.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. PE
5.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. PVC
5.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
5.6. Bio-plastics
5.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.6.3. Market Opportunity Analysis
5.7. ABS
5.7.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.7.3. Market Opportunity Analysis
6. Global Thermoforming Plastic Market, By Thermoforming Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. Vacuum Forming
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Pressure Forming
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Mechanical Forming
6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Thermoforming Plastic Market, By Thickness, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Thin Gauge
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Thick Gauge
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
8. Global Thermoforming Plastic Market, By End Users, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Food & Agricultural Packaging
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Consumer Goods & Appliances
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Healthcare & Pharmaceutical
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Construction
8.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Electrical & Electronics
8.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Automotive Packaging & Structures
8.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.6.3. Market Opportunity Analysis
8.7. Others (industrial and aerospace)
8.7.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.7.3. Market Opportunity Analysis
9. Global Thermoforming Plastic Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Thermoforming Plastic Market – Opportunity Analysis Index, By Plastic-type, By Thermoforming Type, By Thickness, By End Users, and Region, 2022-2028
10. North America Thermoforming Plastic Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Plastic-type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. PP
10.1.2. Polystyrene
10.1.3. PET
10.1.4. PE
10.1.5. PVC
10.1.6. Bio-plastics
10.1.7. ABS
10.2. Thermoforming Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Vacuum Forming
10.2.2. Pressure Forming
10.2.3. Mechanical Forming
10.3. Thickness Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Thin Gauge
10.3.2. Thick Gauge
10.4. End Users Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Food & Agricultural Packaging
10.4.2. Consumer Goods & Appliances
10.4.3. Healthcare & Pharmaceutical
10.4.4. Construction
10.4.5. Electrical & Electronics
10.4.6. Automotive Packaging & Structures
10.4.7. Others (industrial and aerospace)
10.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Thermoforming Plastic Market – Opportunity Analysis Index, By Plastic-type, By Thermoforming Type, By Thickness, By End Users, and Country, 2022-2028
10.7. North America Thermoforming Plastic Market Dynamics – Trends
11. Europe Thermoforming Plastic Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Plastic-type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. PP
11.1.2. Polystyrene
11.1.3. PET
11.1.4. PE
11.1.5. PVC
11.1.6. Bio-plastics
11.1.7. ABS
11.2. Thermoforming Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Vacuum Forming
11.2.2. Pressure Forming
11.2.3. Mechanical Forming
11.3. Thickness Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Thin Gauge
11.3.2. Thick Gauge
11.4. End Users Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Food & Agricultural Packaging
11.4.2. Consumer Goods & Appliances
11.4.3. Healthcare & Pharmaceutical
11.4.4. Construction
11.4.5. Electrical & Electronics
11.4.6. Automotive Packaging & Structures
11.4.7. Others (industrial and aerospace)
11.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Rest of Europe
11.6. Europe Thermoforming Plastic Market – Opportunity Analysis Index, By Plastic-type, By Thermoforming Type, By Thickness, By End Users, and Country, 2022-2028
11.7. Europe Thermoforming Plastic Market Dynamics – Trends
12. Asia-Pacific Thermoforming Plastic Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Plastic-type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. PP
12.1.2. Polystyrene
12.1.3. PET
12.1.4. PE
12.1.5. PVC
12.1.6. Bio-plastics
12.1.7. ABS
12.2. Thermoforming Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Vacuum Forming
12.2.2. Pressure Forming
12.2.3. Mechanical Forming
12.3. Thickness Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Thin Gauge
12.3.2. Thick Gauge
12.4. End Users Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Food & Agricultural Packaging
12.4.2. Consumer Goods & Appliances
12.4.3. Healthcare & Pharmaceutical
12.4.4. Construction
12.4.5. Electrical & Electronics
12.4.6. Automotive Packaging & Structures
12.4.7. Others (industrial and aerospace)
12.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Thermoforming Plastic Market – Opportunity Analysis Index, By Plastic-type, By Thermoforming Type, By Thickness, By End Users, and Country, 2022-2028
12.7. Asia-Pacific Thermoforming Plastic Market Dynamics – Trends
13. Latin America Thermoforming Plastic Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. Plastic-type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. PP
13.1.2. Polystyrene
13.1.3. PET
13.1.4. PE
13.1.5. PVC
13.1.6. Bio-plastics
13.1.7. ABS
13.2. Thermoforming Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Vacuum Forming
13.2.2. Pressure Forming
13.2.3. Mechanical Forming
13.3. Thickness Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Thin Gauge
13.3.2. Thick Gauge
13.4. End Users Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Food & Agricultural Packaging
13.4.2. Consumer Goods & Appliances
13.4.3. Healthcare & Pharmaceutical
13.4.4. Construction
13.4.5. Electrical & Electronics
13.4.6. Automotive Packaging & Structures
13.4.7. Others (industrial and aerospace)
13.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Thermoforming Plastic Market – Opportunity Analysis Index, By Plastic-type, By Thermoforming Type, By Thickness, By End Users, and Country, 2022-2028
13.7. Latin America Thermoforming Plastic Market Dynamics – Trends
14. Middle East and Africa Thermoforming Plastic Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
14.1. Plastic-type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. PP
14.1.2. Polystyrene
14.1.3. PET
14.1.4. PE
14.1.5. PVC
14.1.6. Bio-plastics
14.1.7. ABS
14.2. Thermoforming Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Vacuum Forming
14.2.2. Pressure Forming
14.2.3. Mechanical Forming
14.3. Thickness Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Thin Gauge
14.3.2. Thick Gauge
14.4. End Users Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Food & Agricultural Packaging
14.4.2. Consumer Goods & Appliances
14.4.3. Healthcare & Pharmaceutical
14.4.4. Construction
14.4.5. Electrical & Electronics
14.4.6. Automotive Packaging & Structures
14.4.7. Others (industrial and aerospace)
14.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf CoEnd Users  Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Thermoforming Plastic Market – Opportunity Analysis Index, By Plastic-type, By Thermoforming Type, By Thickness, By End Users, and Country, 2022-2028
14.7. MEA Thermoforming Plastic Market Dynamics – Trends
15. Competition Landscape 
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Key Products, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Pactiv LLC
15.2.2. Genpak LLC
15.2.3. Sonoco Products Company
15.2.4. CM Packaging
15.2.5. Placon Corporation
15.2.6. Anchor Packaging LLC
15.2.7. Brentwood Industries
15.2.8. Greiner Packaging GmbH
15.2.9. Dongguan Ditai Plastic Products Co., Ltd
15.2.10. Palram Americas Ltd.
16. Research Methodology
17. Key Assumptions and Acronyms

Report

Company Profile

  • Pactiv LLC
  • Genpak LLC
  • Sonoco Products Company
  • CM Packaging
  • Placon Corporation
  • Anchor Packaging LLC
  • Brentwood Industries
  • Greiner Packaging GmbH
  • Dongguan Ditai Plastic Products Co., Ltd
  • Palram Americas Ltd.

Description

Thermoforming Plastic Market size is expected to be valued at USD 14.5 billion in 2022 and is expected to grow at a CAGR of 5.2% in 2022-2028. The thermoforming plastic market contains thermoformed plastics sales by organizations, partnerships, and sole traders that are used to prepare consumer materials and packaging products that are tough, robust, and tamper-proof. Thermoforming is a process of manufacturing plastic that utilizes heat to shape plastic into a diversity of products. It guards the products while in transit and offers numerous seal selections that will either extend the shelf life of the product or permit easy usage, based on the packaging requirements. These are extremely multipurpose and can be used to manufacture parts to fulfill a need of end-users and for an extensive array of applications. The growing pharmaceuticals and healthcare and agriculture and food packaging businesses can lead to thermoforming plastic market growth. Moreover, the growing activities of manufacturing, rising popularity of retail shopping, and increasing spending of customers for packed and processed products are some primary factors that can boost the global thermoforming plastic market. Apart from these, altering lifestyles and demographics have progressed the market toward e-retailing networks and suitable packaging can also accelerate the market in the future. However, some factors such as stringent environmental guidelines concerning the usage of plastics can restrain the growth of the market.  The growing demand for surgical masks as the chief source of defense against pollution and also during the pandemic can create an opportunity for the global thermoforming plastic market growth. Moreover, instead of customizing the entire product characteristics, it is better to improvise products that fulfill a particular application is an emerging trend in the market.

Key Developments:

In April 2021, PowerPak SKIN.50 was launched by GEA which was based on high-capacity skin thermoforming packaging technology.

In January 2020, Thermoform Engineered Quality and Plastique Holdings were acquired by Sonoco Products Company for business expansion.

ASIA PACIFIC OFFICE

Precision Business Insights, MIG 366, SAI PLAZA, 1st Floor, KPHB Colony, Hyderabad - 500072

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX