Global Thermoforming Packaging Market, By Product Type (Blister Packs, Clamshells, Vacuum and Skin Packs, Containers, Trays and Lids, Cups and Bottles, Others), Material Type (Plastics, Paper and Paperboard, Aluminum), Process Type (Vacuum, Pressure, Mechanical), Heat Seal Coating (Water-Based, Solvent-Based, Hot Melt-Based), Application (Food, Beverages, Pharmaceuticals, Cosmetics and Personal Care, Homecare and Toiletries, Industrial Goods, Electrical and Electronics, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the thermoforming packaging market will project a CAGR of 5.41% for the forecast period of 2021-2028. The market value will reach to USD 65.32 billion by 2028.
The process of thermoforming packaging involves the creation of a variety of packaging products and solutions. This method involves heating materials to the point where they can be moulded into any shape, making it extremely cost-effective and capable of manufacturing big volumes quickly. This technology is capable of producing a wide range of packaging items in large-scale applications.
High consumption of packaged food products due to the lifestyle changes of consumers preferring better quality of packaging is the major factors driving the growth of thermoforming packaging market. Furthermore, rising need for sustainable methods of packaging mainly from the food and pharmaceutical industries, light weight, cost effective and less harmful characteristics of packaging products and low cost associated with the establishment of machineries of thermoforming packaging are the factors influencing the growth of the market.
Rise in the investments for research and development activities and emerging economies will also create the beneficial opportunities for the market growth.
However, increasing worries about the use of plastics, presence of regulations against its usage and vulnerable nature of raw material pricing are the factors that will create hindrances for the market growth rate. Compliance with stringent regulations will challenge the market growth rate.
This thermoforming packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on thermoforming packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Thermoforming Packaging Market Scope and Market Size
Global thermoforming packaging market is segmented on the basis of product type, material type, process type, heat seal coating and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the thermoforming packaging market is segmented into blister packs, clamshells, vacuum and skin packs, containers, trays and lids, cups and bottles and others. Others have been further sub-segmented into windowed packaging and tubs.
- On the basis of material type, the thermoforming packaging market is segmented into plastics, paper and paperboard, and aluminum. Plastics have been further sub-segmented into polyethylene terephthalate (PET), polyvinyl chloride (PVC), polypropylene (PP), polyethylene (PE), polystyrene (PS), polylactic acid (PLA), acrylonitrile butadiene styrene (ABS) and others. Others are divided into cellulose acetate and others.
- On the basis of process type, the thermoforming packaging market is segmented into vacuum, pressure, and mechanical.
- Based on heat seal coating, the thermoforming packaging market is segmented into water-based, solvent-based, and hot melt-based.
- On the basis of application, the thermoforming packaging market is segmented into food, beverages, pharmaceuticals, cosmetics and personal care, homecare and toiletries, industrial goods, electrical and electronics, and automotive and aerospace. Food has been further sub-segmented into dairy, bakery and confectionary, meat, poultry and seafood, snacks and savory items, ready-to-eat meals (RTE), fresh produce, frozen foods and others.
Thermoforming Packaging Market Country Level Analysis
Global thermoforming packaging market is segmented on the basis of product type, material type, process type, heat seal coating and application.
The countries covered in the thermoforming packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region dominates the thermoforming packaging market and will continue to flourish its trend of dominance during the forecast period due to the presence of major thermoforming packaging manufacturers. High consumption of frozen meat and packaged bakery products are some important market growth determinants. Asia-Pacific is expected to grow during the forecast period of 2021-2028 due to the increasing geriatric population, surge in the number of nuclear families that will increase the demand for single severe packaging and rising penetration of organised retail in countries such as India and China.
The country section of the thermoforming packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Thermoforming Packaging Market Share Analysis
The thermoforming packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to thermoforming packaging market.
The major players covered in the thermoforming packaging market report CJK Packaging, Amcor plc, Anchor Packaging, Berry Global Inc., Blisterpak, Inc., Brentwood Industries, Inc., Constantia Flexibles, Display Pack, D&W Fine Pack, Dart Container Corporation, Dordan Manufacturing Company, Incorporated, Genpak, LLC, DS Smith, Dupont Teijin Films U.S. Limited Partnership, Fabri-Kal, Huhtamaki, WINPAK LTD., Merrill’s Packaging, Pactiv LLC, Placon, Plastique, Printpack, Sabert Corporation, and Sealed Air, among other global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.