Report ID : 1592 | Published : 2024-06-14 | Pages: 180 | Format: PDF/EXCEL
The Global Thermoformed Plastics Market Size is valued at 44.06 billion in 2023 and is predicted to reach 71.74 billion by the year 2031 at an 6.31% CAGR during the forecast period for 2024-2031. plastic forming
A fabrication process called thermoforming involves heating plastic sheets to create a bendable form that may be moulded into the appropriate shape in line with the needs of the customer. The heavy gauge technique, which is used in the manufacturing of transportation, industrial equipment, aerospace, retail, and medical devices, has more recently been used to replace metal with thermoformed polymers.
Thermoformed polymers are commonly used to create lightweight vehicles because of their durability, strength, and light weight. The rising automotive industry and policies that encourage the use of light vehicles are expected to enhance demand for thermoformed plastics globally. Profitability is predicted to be hampered by the volatile cost of raw materials for thermoformed plastics. The medical business uses the thermoforming process to create diagnostic equipment, medical facilities, and accessories from thermoformed plastics.
Pharmaceutical products include pre-filled syringes, medical devices, and pharmaceutical bottles all use thermoform polymers. In the pharmaceutical sector, it is also utilised for the packing of capsules and tablets. All these factors are driving the market over the forecast period.
The market is segmented into product, thermoforming type and application. Based on product, the thermoformed plastics market is divided into polypropylene (PP), polystyrene (PS), polyethylene terephthalate (PET), polyethylene (PE), polyvinyl chloride (PVC), acrylonitrile butadiene styrene (ABS), high impact polystyrene (HIPS), and others. The market is divided into vacuum formed and pressure formed based on thermoforming type. The food packaging, consumer goods and appliances, healthcare and medical, construction, electrical and electronics, automotive, and other segments of the market are divided based on application.
Polypropylene topped the product category in 2023, accounting for the largest share. This trend is anticipated to last the entire projected time. Frequently, the thermoplastic resins polyethylene (PE), polystyrene (PS), and polypropylene are used in the production of thermoformed plastics (PP). To create disposable items like cups, trays, margarine tubs, sandwich packs, and microwaveable containers as well as food packaging products like these, PP, a thermoplastic polymer, is widely utilized. More businesses are using polypropylene to package their products, which is predicted to boost demand for thermoformed plastics as a whole.
Based on application, the food packaging sector accounted for the highest share of the worldwide thermoformed plastic market in 2023, accounting for almost one-third of it. This segment is anticipated to increase significantly over the course of the forecast period. The segments for consumer goods and appliances, healthcare and medical, building, electrical and electronics, automotive, and others are also examined in the research.
In terms of sales, North America held largest market share in 2023. During the forecast period, rapid industrialization and developments in the packaging sector are anticipated to drive the regional thermoformed plastics market. The industry is also anticipated to be driven by the region's expanding thermoformed plastic product suppliers and manufacturers. Besides, the fastest-growing regional market is anticipated to be in the Asia Pacific over the projection period. The emerging economies of this region have seen rapid economic expansion. The thermoformed plastics machinery in this region is produced and supplied primarily in this area by utilising a variety of technologies.
Representation of revenue in US$ Million, Volume (Kilotons) and CAGR from 2024 to 2031
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends
Product, Thermoforming Type And Application
North America; Europe; Asia Pacific; Latin America; Middle East & Africa
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia
Fabri-Kal Corp., Berry Global Inc., Genpak LLC, Pactiv LLC, D&W Fine Pack LLC, Amcor Ltd., Dart Container Corp., Anchor Packaging, Sabert Corporation, Sonoco Products Company, DISPLAY PACK, Greiner Packaging, CM Packaging, Dongguan Ditai Plastic Products Co., Ltd., and Palram Americas Ltd.
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Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions
Chapter 3. Global Thermoformed Plastics Market Snapshot
Chapter 4. Global Thermoformed Plastics Market Variables, Trends & Scope 4.1. Market Segmentation & Scope 4.2. Drivers 4.3. Challenges 4.4. Trends 4.5. Investment and Funding Analysis 4.6. Industry Analysis – Porter’s Five Forces Analysis 4.7. Competitive Landscape & Market Share Analysis 4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis 5.1. by Product Type & Market Share, 2023 & 2031 5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:
5.2.1. Polypropylene (PP) 5.2.1.1. Homopolymer 5.2.1.2. Copolymer 5.2.2. Polystyrene (PS) 5.2.3. Polyethylene Terephthalate (PET) 5.2.4. Polyethylene (PE) 5.2.5. Polyvinyl chloride (PVC) 5.2.6. Acrylonitrile Butadiene Styrene (ABS) 5.2.7. High Impact Polystyrene (HIPS) 5.2.8. Others
Chapter 6. Market Segmentation 2: by Thermoforming Type Estimates & Trend Analysis 6.1. by Thermoforming Type & Market Share, 2023 & 2031 6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Thermoforming Type:
Chapter 7. Market Segmentation 3: by Application Estimates & Trend Analysis 7.1. by Application & Market Share, 2023 & 2031 7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:
7.2.1. Food Packaging 7.2.2. Consumer Goods and Appliances 7.2.3. Healthcare and Medical 7.2.4. Construction 7.2.5. Electrical and Electronics 7.2.6. Automotive 7.2.7. Others
Chapter 8. Thermoformed Plastics Market Segmentation 4: Regional Estimates & Trend Analysis
8.1.1. North America Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031 8.1.2. North America Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by Thermoforming Type, 2024-2031 8.1.3. North America Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031 8.1.4. North America Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.2.1. Europe Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031 8.2.2. Europe Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by Thermoforming Type, 2024-2031 8.2.3. Europe Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031 8.2.4. Europe Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.3.1. Asia Pacific Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031 8.3.2. Asia Pacific Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by Thermoforming Type, 2024-2031 8.3.3. Asia-Pacific Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031 8.3.4. Asia Pacific Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.4.1. Latin America Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031 8.4.2. Latin America Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by Thermoforming Type, 2024-2031 8.4.3. Latin America Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031 8.4.4. Latin America Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.5.1. Middle East & Africa Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031 8.5.2. Middle East & Africa Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by Thermoforming Type, 2024-2031 8.5.3. Middle East & Africa Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031 8.5.4. Middle East & Africa Thermoformed Plastics Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2.1. Fabri-Kal Corp. 9.2.2. Berry Global Inc 9.2.3. Genpak LLC 9.2.4. Pactiv LLC 9.2.5. D&W Fine Pack LLC 9.2.6. Amcor Ltd 9.2.7. Dart Container Corp 9.2.8. Anchor Packaging 9.2.9. Sabert Corporation 9.2.10. Sonoco Products Company 9.2.11. DISPLAY PACK 9.2.12. Greiner Packaging 9.2.13. CM Packaging 9.2.14. Dongguan Ditai Plastic Products Co., Ltd 9.2.15. Palram Americas Ltd. 9.2.16. Other Prominent Players
Segmentation of Thermoformed Plastics Market-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
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The Global Thermoformed Plastics Market Size is valued at 44.06 billion in 2023 and is predicted to reach 71.74 billion by the year 2031
Thermoformed Plastics Market expected to grow at 6.31% CAGR during the forecast period for 2024-2031
Fabri-Kal Corp., Berry Global Inc., Genpak LLC, Pactiv LLC, D&W Fine Pack LLC, Amcor Ltd., Dart Container Corp., Anchor Packaging, Sabert Corporation,
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