Cart
0

Thermoform Packaging Market is Expected to Reach $49,804 million, Globally, by 2022

 
 

quote Increase in investment in R&D and emerging developments in thermoform manufacturing technology are projected to create lucrative opportunities for the market growth. quote

Eswara Prasad
Team Lead, Chemicals and Materials at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:        facegplus_ntwit_npr_npr_n
 

Thermoform Packaging Market Report, published by Allied Market Research, forecasts that the global market was valued at $34,044 million in 2015, and is expected to reach $49,804 million by 2022, supported by a CAGR of 5.5% during the forecast period 2016 - 2022. Based on end-user industry, food & beverage segment occupied major share of the total market in 2015.

Access Full Summary at : https://www.alliedmarketresearch.com/thermoform-packaging-market

Rise in application in food & beverage packaging industry drive the growth of the global thermoform packaging market. Thermoform packages are light, odor-free, flexible, and moisture-free, and are thus preferred over wood and glass. Owing to these superior properties, the demand for thermoform packaging is expected to grow in the near future. Growth in consumer preference towards packaged and fresh food is also expected to augment growth of the global thermoform packaging market. Besides, macro-economic factors such as changes in lifestyle and improvement in standard of living are also expected to boost demand for thermoform packaging during the forecast period. Furthermore, emerging trends such as advancements in thermoform manufacturing technology, shift toward lightweight packaging, and rise in use of polylactic acid (PLA) films in thermoforming are expected to offer lucrative opportunities for the global thermoform packaging market during the forecast period.

The plastics segment accounted for the highest share, both in terms of value and volume, owing to the increase in usage in food & beverage, personal care & cosmetics, and pharmaceuticals industry. Among plastics, polyethylene terephthalate (PET) dominated the global thermoform packaging market throughout the forecast period.

Key findings of the Thermoform Packaging Market

  • North America dominated the global thermoform packaging market in 2015, accounting for over one-third of the share, in terms of revenue.
  • In 2015, thermoform packaging used in food & beverage industry accounted for two-fifths share of the global market.
  • On the basis of material type, the plastics segment accounted for more than 80% share in 2015, and is anticipated to maintain its lead during the forecast period.
  • Blister packaging accounted for majority of the share in 2015 and is anticipated to showcase fastest growth during the forecast period.
  • Germany generated more than one-fifth of the total revenue in the Europe thermoform packaging market in 2015, and is expected to show highest growth rate.
  • Asia-Pacific thermoform packaging market is expected to grow at the fastest rate throughout the forecast period.
  • Based on heat seal coating, solvent-based coating is the leading segment, accounting for more than half of the share of global thermoform packaging market in 2015.

In 2015, North America dominated the global thermoform packaging market with maximum share, in terms of both revenue and volume. This was attributed to the high percentage of manufacturers as well as consumers of thermoformed packages. Apart from that, Asia-Pacific is expected to grow with the fastest rate, registering value CAGR of 6.1% throughout the forecast period, owing to extensive demand in food & beverage and pharmaceuticals industries in the developing countries such as India and China.

The key players of thermoform packaging market profiled in this report are Anchor Packaging, Bemis Company, Inc., Sonoco Products Company, Amcor Limited, Placon Corporation, Display Pack Inc., Pactiv LLC, E.I. Du Pont Nemours and Company, Westrock Company, and DS Smith PLC.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1⟨855⟩ 550-5975

pr-det-phone help@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Thermoform Packaging Market by Material (Plastic, Aluminum, and Paper & Paperboard), Type (Clamshell Packaging, Blister Packaging, Skin Packaging, and Others), Heat Seal Coating (Water-based, Solvent-based, and Hot Melt-Based), and End-User Industry (Food & Beverage, Electronics, Personal Care & Cosmetics, Pharmaceuticals, and Others) - Global Opportunity Analysis and Industry Forecast, 2014-2022 quote

 
 

Why Allied Market Research

 

Infallible Methodology

To ensure high level data integrity, accurate analysis and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to eliminate redundant information to provide valued information and save time of the reader

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interest you.

 
Get Industry Data Alerts