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According to the latest research, the global Thermoforming Plastic market size was valued at USD 38367.0 million in 2022 and is expected to expand at a CAGR of 6.36% during the forecast period, reaching USD 55547.37 million by 2028.
Thermoformed plastics are manufactured by a process known as thermoforming, in which a sheet of plastic material is heated to get it in a bendable form, then molding and trimming it into the desired shape, and finally cooling it to get a finished usable product. Rising advantages of thermoforming such as cost-effectiveness and easy processing are fostering the growth of the market. Development and growing applications in various industries such as healthcare, food & beverage, automotive, construction, consumer goods & appliances will subsequently augment the market growth.
Significant Demand for Packaged Food to Enable Growth
The increasing demand for packaged food owing to the evolving habits of consumers will foster the healthy growth of the market. The increasing income and expenditure are factors expected to contribute positively to the market growth. The high-barrier properties, extended shelf-life, contamination prevention of thermoformed plastics make it suitable for food packaging, thus boosting the growth of the market. Moreover, the growing need for sturdy packaging in convenience foods products will spur demand for such plastics. The surging population has resulted in increasing food production to cater to the needs of consumers, in turn aiding the growth of the market. The increasing urbanization in rural areas will have a positive effect on the market. The infrastructural development and technological advancements in packaging techniques will bolster the significant growth of the market.
The rising popularity of shopping and consumer spending due to changing lifestyles and high hygiene awareness for packed food products are further fueling the demand for thermoforming plastics in the packaging industry. Thermoformed plastic provides protection during transportation of food products; thus, they are preferred in the food & beverage packaging industry. The increasing demand for thermoformed plastics from the food packaging and pharmaceutical packaging sectors is expected to be a key factor driving the market growth over the forecast period. The thermoforming plastic industry is growing due to the rising food & agriculture packaging industries and increasing manufacturing activities. The increasing popularity of retail shopping and rising consumer spending for processed & packed goods are fuelling the demand for thermoforming plastic. Factors such as changing demographics and lifestyles have shifted the market toward e-retailing channels and convenient packaging, which in turn will drive the demand for thermoforming plastic.
Stringent Government Regulations on Plastics to Hinder Market Growth
The direct impacts of plastic packaging on the environment, involve water pollution, soil degradation, solid waste pollution, chemical pollution, and reduction of resources such as fossils. Crude oil and petroleum being the major raw material for manufacturing plastics, thus regulations over preserving sources act as a restraining factor for the plastic industry, which in turn, directly affects the market. Moreover, governmental policies and regulation for pollution control through the banning of plastic use is also a major restraining factor to thermoforming plastic market growth.
Region Overview:
In 2022, the share of the Thermoforming Plastic market in North America stood at 47.97%.
Company Overview:
Pactiv LLC is one of the major players operating in the Thermoforming Plastic market, holding a share of 4.1% in 2023.
Pactiv LLC
Pactiv LLC has a long history of bringing reliable innovative packaging to foodservice, food processor, and retail grocery customers. Pactiv LLC offers a broad range of packaging solutions in different materials to meet clients’ needs.
Dart Container Corp.
Dart Container Corporation, founded and headquartered in Mason, Michigan, sets the Industry Standard of Excellence in the development, manufacturing and distribution of innovative foodservice packaging solutions.
Segmentation Overview:
As for product types, the Vacuum Formed segment held the largest market share in 2022.
Application Overview:
By application, the Food & Beverage segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Thermoforming Plastic industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Thermoforming Plastic. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Thermoforming Plastic Market Report Include:
Market Size Estimates: Thermoforming Plastic market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Thermoforming Plastic market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Thermoforming Plastic market
Segment Market Analysis: Thermoforming Plastic market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Thermoforming Plastic market situations and prospects in major and top regions and countries
Thermoforming Plastic Market
Thermoforming Plastic Industry Chain: Thermoforming Plastic market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Thermoforming Plastic Industry News, Policies by regions
Thermoforming Plastic Industry Porters Five Forces Analysis
Key players in the global Thermoforming Plastic market are covered in Chapter 2:
Dart Container Corp.
Genpak LLC
Sabert Corporation
Berry Global Inc.
Amcor Ltd.
Anchor Packaging
Fabri-Kal Corp.
D&W Fine Pack LLC
Sonoco Products Company
Pactiv LLC
In Chapter 6 and Chapter 9, on the basis of types, the Thermoforming Plastic market from 2018 to 2028 is primarily split into:
Vacuum Formed
Pressure Formed
Mechanical Formed
Others
In Chapter 7 and Chapter 10, on the basis of applications, the Thermoforming Plastic market from 2018 to 2028 covers:
Healthcare & Medical
Food & Beverage
Automotive
Construction
Consumer Goods & Appliances
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Thermoforming Plastic market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Thermoforming Plastic industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Thermoforming Plastic market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Thermoforming Plastic industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Thermoforming Plastic market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Thermoforming Plastic market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Thermoforming Plastic market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Thermoformed plastics are manufactured by a process known as thermoforming, in which a sheet of plastic material is heated to get it in a bendable form, then molding and trimming it into the desired shape, and finally cooling it to get a finished usable product. Rising advantages of thermoforming such as cost-effectiveness and easy processing are fostering the growth of the market. Development and growing applications in various industries such as healthcare, food & beverage, automotive, construction, consumer goods & appliances will subsequently augment the market growth.
Significant Demand for Packaged Food to Enable Growth
The increasing demand for packaged food owing to the evolving habits of consumers will foster the healthy growth of the market. The increasing income and expenditure are factors expected to contribute positively to the market growth. The high-barrier properties, extended shelf-life, contamination prevention of thermoformed plastics make it suitable for food packaging, thus boosting the growth of the market. Moreover, the growing need for sturdy packaging in convenience foods products will spur demand for such plastics. The surging population has resulted in increasing food production to cater to the needs of consumers, in turn aiding the growth of the market. The increasing urbanization in rural areas will have a positive effect on the market. The infrastructural development and technological advancements in packaging techniques will bolster the significant growth of the market.
The rising popularity of shopping and consumer spending due to changing lifestyles and high hygiene awareness for packed food products are further fueling the demand for thermoforming plastics in the packaging industry. Thermoformed plastic provides protection during transportation of food products; thus, they are preferred in the food & beverage packaging industry. The increasing demand for thermoformed plastics from the food packaging and pharmaceutical packaging sectors is expected to be a key factor driving the market growth over the forecast period. The thermoforming plastic industry is growing due to the rising food & agriculture packaging industries and increasing manufacturing activities. The increasing popularity of retail shopping and rising consumer spending for processed & packed goods are fuelling the demand for thermoforming plastic. Factors such as changing demographics and lifestyles have shifted the market toward e-retailing channels and convenient packaging, which in turn will drive the demand for thermoforming plastic.
Stringent Government Regulations on Plastics to Hinder Market Growth
The direct impacts of plastic packaging on the environment, involve water pollution, soil degradation, solid waste pollution, chemical pollution, and reduction of resources such as fossils. Crude oil and petroleum being the major raw material for manufacturing plastics, thus regulations over preserving sources act as a restraining factor for the plastic industry, which in turn, directly affects the market. Moreover, governmental policies and regulation for pollution control through the banning of plastic use is also a major restraining factor to thermoforming plastic market growth.
Region Overview:
In 2022, the share of the Thermoforming Plastic market in North America stood at 47.97%.
Company Overview:
Pactiv LLC is one of the major players operating in the Thermoforming Plastic market, holding a share of 4.1% in 2023.
Pactiv LLC
Pactiv LLC has a long history of bringing reliable innovative packaging to foodservice, food processor, and retail grocery customers. Pactiv LLC offers a broad range of packaging solutions in different materials to meet clients’ needs.
Dart Container Corp.
Dart Container Corporation, founded and headquartered in Mason, Michigan, sets the Industry Standard of Excellence in the development, manufacturing and distribution of innovative foodservice packaging solutions.
Segmentation Overview:
As for product types, the Vacuum Formed segment held the largest market share in 2022.
Application Overview:
By application, the Food & Beverage segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Thermoforming Plastic industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Thermoforming Plastic. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Thermoforming Plastic Market Report Include:
Market Size Estimates: Thermoforming Plastic market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Thermoforming Plastic market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Thermoforming Plastic market
Segment Market Analysis: Thermoforming Plastic market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Thermoforming Plastic market situations and prospects in major and top regions and countries
Thermoforming Plastic Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Thermoforming Plastic Industry Chain: Thermoforming Plastic market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Thermoforming Plastic Industry News, Policies by regions
Thermoforming Plastic Industry Porters Five Forces Analysis
Key players in the global Thermoforming Plastic market are covered in Chapter 2:
Dart Container Corp.
Genpak LLC
Sabert Corporation
Berry Global Inc.
Amcor Ltd.
Anchor Packaging
Fabri-Kal Corp.
D&W Fine Pack LLC
Sonoco Products Company
Pactiv LLC
In Chapter 6 and Chapter 9, on the basis of types, the Thermoforming Plastic market from 2018 to 2028 is primarily split into:
Vacuum Formed
Pressure Formed
Mechanical Formed
Others
In Chapter 7 and Chapter 10, on the basis of applications, the Thermoforming Plastic market from 2018 to 2028 covers:
Healthcare & Medical
Food & Beverage
Automotive
Construction
Consumer Goods & Appliances
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Thermoforming Plastic market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Thermoforming Plastic industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Thermoforming Plastic market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Thermoforming Plastic industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Thermoforming Plastic market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Thermoforming Plastic market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Thermoforming Plastic market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an
in-depth analysis of the
overall growth prospects...
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by
highlighting information on
different aspects including drivers, restraints...
