Thermoform Packaging Market by Material (Plastic, Aluminum, and Paper & Paperboard), Type (Clamshell, Blister, Skin, 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, 2020-2027

Packaging plays a crucial role in increasing brand awareness and sales of products. Retailers and wholesalers focusing towardbringing variations in packaging size and functionality to cater to different segments and customer needs. Furthermore, adoption of ecofriendlydesigns and other advanced strategies for paper-based packaging areexpected to increase in the near future. The light weight property and cost-effectiveness of thermoform packaging are some of the key factors that drive the growththe market. Moreover, branding & design flexibility, tamper resistance, and product protection are some of the other factors supplementing the growth of the thermoform packaging market. However, government regulations pertaining to the use of plastic and its disposal are expected to hamper the global market growth.

The Asia-Pacific thermoform packaging market presents promising opportunities for packaging manufacturers, owing to the high consumption rate of packaged foods and surge in commodity demand due to rise in disposable income. In addition, growth in the retail industry across the globe is anticipated to augment the demand for thermoform packaging in the near future.