Global Thermoformed Plastics Market Size study & Forecast, by Product, by Process, by Application and Regional Analysis, 2023-2030

Description

List of Tables

Global Thermoformed Plastics Market is valued at approximately USD14.10 billion in 2022 and is anticipated to grow with a healthy growth rate of more than4.9%duringthe forecast period 2023-2030. Thermoformed plastics, renowned for their adaptability, undergo shaping through the application of heat and pressure to achieve desired configurations. These materials find extensive applications across various sectors such as packaging, automotive, and medical industries, owing to their robustness and ability to be tailored to specific requirements. This manufacturing method yields precise designs, making thermoformed plastics indispensable in various sectors due to their adaptability and cost-effectiveness. The Global Thermoformed Plastics Market is continuously growing due to factors such as rising emphasis on sustainability and recyclability, growing demand for lightweight packaging solutions as well as increasing demand in healthcare and pharmaceutical packaging.

Due to a rapid increase in the demand for healthcare and pharmaceutical packaging, the demand for Thermoformed Plastics has gradually increased. According to Statista, the ascending trajectory of the global Healthcare Packaging Market, witnessing a rise from USD 40.29 billion in 2022 to an anticipated USD 55.44 billion by 2028 at a CAGR of 5.46%, underscores the escalating demand within the healthcare and pharmaceutical packaging sector. This growth mirrors the expanding opportunities within the global thermoformed plastics market, which is experiencing heightened demand for innovative packaging solutions. As healthcare industries prioritize product safety, integrity, and regulatory compliance, the surge in demand for advanced thermoformed plastic packaging solutions becomes increasingly pronounced. This fosters a symbiotic relationship between Thermoformed Plastics Market expansions and evolving packaging requirements globally. Moreover, advancement in technologies as well as customization and innovation are the opportunities for the Global Thermoformed Plastics Market that led to the market growth. However, the environmental concerns and availability of alternatives stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Thermoformed Plastics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022owing to factors such as rapid industrialization and advancements in the packaging industry as well as the growing number of manufacturers and suppliers of thermoformed plastic products in this region. Further, Asia Pacific is expected to grow significantly overthe forecast period, owing to factors such as rapid urbanization and increasing per capita disposable income, growth of the automotive market and improvement in infrastructures led to the market growth of Thermoformed Plastics Market globally.

Major market player included in this report are:

Pactiv LLC
Genpak LLC
Sonoco Products Company
CM Packaging Inc.
Placon Corporation
Anchor Packaging LLC
Brentwood Industries, Inc.
Greiner Packaging GmbH
Dongguan Ditai Plastic Products Co., Ltd
Palram Americas Ltd.

Recent Developments in the Market:

In April 2023, Greiner Packaging GmbH, in collaboration with Engel and Brink BV, introduced thin-walled plastic cups utilizing thermoformed plastics as a manufacturing technique. These cups, crafted from recycled PET (r-PET) material, boast a lightweight construction, thereby aligning with sustainable packaging initiatives.
In December 2022, Placon Corporation unveiled its latest offering, the Crystal Seal Cravings product, signaling a significant advancement in thermoformed packaging solutions. Utilizing recycled PET material, this innovative solution guarantees the safe containment of diverse food items, effectively fulfilling sustainability mandates.

Global Thermoformed Plastics Market Report Scope:

Historical Data -2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered -Product, Process, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

Polymethyl Methacrylate (PMMA)
Bio-degradable polymers
Polyethylene (PE)
Acrylonitrile Butadiene Styrene (ABS)
Poly Vinyl Chloride (PVC)
High Impact Polystyrene (HIPS)
Polystyrene (PS)
Polypropylene (PP)

By Process:

Plug assist forming
Thick gauge thermoforming
Thin gauge thermoforming
Vacuum snapback

By Application:

Healthcare & medical
Food packaging
Electrical & electronics
Automotive packaging
Construction
Consumer goods & appliances
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1.Executive Summary

1.1.Market Snapshot
1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1.Thermoformed Plastics Market, by Region, 2020-2030 (USD Billion)
- 1.2.2.Thermoformed Plastics Market, by Product,2020-2030 (USD Billion)
- 1.2.3.Thermoformed Plastics Market, by Process, 2020-2030 (USD Billion)
- 1.2.4.Thermoformed Plastics Market, by Application, 2020-2030 (USD Billion)
1.3.Key Trends
1.4.Estimation Methodology
1.5.Research Assumption

Chapter 2.Global Thermoformed Plastics Market Definition and Scope

2.1.Objective of the Study
2.2.Market Definition & Scope
- 2.2.1.Industry Evolution
- 2.2.2.Scope of the Study
2.3.Years Considered for the Study
2.4.Currency Conversion Rates

Chapter 3.Global Thermoformed Plastics Market Dynamics

3.1.Thermoformed Plastics Market Impact Analysis (2020-2030)
- 3.1.1.Market Drivers
  - 3.1.1.1.Rising Emphasis on Sustainability and Recyclability
  - 3.1.1.2.Growing Demand for Lightweight Packaging Solutions
  - 3.1.1.3.Increasing Demand in Healthcare and Pharmaceutical Packaging
- 3.1.2.Market Challenges
  - 3.1.2.1.Availability of Alternative Materials
  - 3.1.2.2.Environmental Concerns
- 3.1.3.Market Opportunities
  - 3.1.3.1.Advancements in Technology
  - 3.1.3.2.Customization and Innovation in Manufacturing

Chapter 4.Global Thermoformed Plastics MarketIndustry Analysis

4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
4.2.Porter's 5 Force Impact Analysis
4.3.PEST Analysis
- 4.3.1.Political
- 4.3.2.Economical
- 4.3.3.Social
- 4.3.4.Technological
- 4.3.5.Environmental
- 4.3.6.Legal
4.4.Top investment opportunity
4.5.Top winning strategies
4.6.COVID-19 Impact Analysis
4.7.Disruptive Trends
4.8.Industry Expert Perspective
4.9.Analyst Recommendation & Conclusion

Chapter 5.Global Thermoformed Plastics Market, by Product

5.1.Market Snapshot
5.2.Global Thermoformed Plastics Market by Product, Performance - Potential Analysis
5.3.Global Thermoformed Plastics Market Estimates & Forecasts by Product2020-2030 (USD Billion)
5.4.Thermoformed Plastics Market, Sub Segment Analysis
- 5.4.1.Polymethyl Methacrylate (PMMA)
- 5.4.2.Bio-degradable polymers
- 5.4.3.Polyethylene (PE)
- 5.4.4.Acrylonitrile Butadiene Styrene (ABS)
- 5.4.5.Poly Vinyl Chloride (PVC)
- 5.4.6.High Impact Polystyrene (HIPS)
- 5.4.7.Polystyrene (PS)
- 5.4.8.Polypropylene (PP)

Chapter 6.Global Thermoformed Plastics Market, by Process

6.1.Market Snapshot
6.2.Global Thermoformed Plastics Market byProcess, Performance - Potential Analysis
6.3.Global Thermoformed Plastics Market Estimates & Forecasts by Process2020-2030 (USD Billion)
6.4.Thermoformed Plastics Market, Sub Segment Analysis
- 6.4.1.Plug assist forming
- 6.4.2.Thick gauge thermoforming
- 6.4.3.Thin gauge thermoforming
- 6.4.4.Vacuum snapback

Chapter 7.Global Thermoformed Plastics Market, by Application

7.1.Market Snapshot
7.2.Global Thermoformed Plastics Market by Application, Performance - Potential Analysis
7.3.Global Thermoformed Plastics Market Estimates & Forecasts by Application2020-2030 (USD Billion)
7.4.Thermoformed Plastics Market, Sub Segment Analysis
- 7.4.1.Healthcare & medical
- 7.4.2.Food packaging
- 7.4.3.Electrical & electronics
- 7.4.4.Automotive packaging
- 7.4.5.Construction
- 7.4.6.Consumer goods & appliances
- 7.4.7.Others

Chapter 8.Global Thermoformed Plastics Market, Regional Analysis

8.1.Top Leading Countries
8.2.Top Emerging Countries
8.3.Thermoformed Plastics Market, Regional Market Snapshot
8.4.North America Thermoformed Plastics Market
- 8.4.1.U.S.Thermoformed Plastics Market
  - 8.4.1.1.Productbreakdown estimates & forecasts, 2020-2030
  - 8.4.1.2.Processbreakdown estimates & forecasts, 2020-2030
  - 8.4.1.3.Applicationbreakdown estimates & forecasts, 2020-2030
- 8.4.2.CanadaThermoformed Plastics Market
8.5.Europe Thermoformed Plastics Market Snapshot
- 8.5.1.U.K. Thermoformed Plastics Market
- 8.5.2.Germany Thermoformed Plastics Market
- 8.5.3.France Thermoformed Plastics Market
- 8.5.4.Spain Thermoformed Plastics Market
- 8.5.5.Italy Thermoformed Plastics Market
- 8.5.6.Rest of EuropeThermoformed Plastics Market
8.6.Asia-PacificThermoformed Plastics Market Snapshot
- 8.6.1.China Thermoformed Plastics Market
- 8.6.2.India Thermoformed Plastics Market
- 8.6.3.JapanThermoformed Plastics Market
- 8.6.4.Australia Thermoformed Plastics Market
- 8.6.5.South Korea Thermoformed Plastics Market
- 8.6.6.Rest of Asia PacificThermoformed Plastics Market
8.7.Latin America Thermoformed Plastics Market Snapshot
- 8.7.1.Brazil Thermoformed Plastics Market
- 8.7.2.MexicoThermoformed Plastics Market
8.8.Middle East & AfricaThermoformed Plastics Market
- 8.8.1.Saudi ArabiaThermoformed Plastics Market
- 8.8.2.South AfricaThermoformed PlasticsMarket
- 8.8.3.Rest of Middle East & AfricaThermoformed PlasticsMarket

Chapter 9.Competitive Intelligence

9.1.Key Company SWOT Analysis
9.2.Top Market Strategies
9.3.Company Profiles
- 9.3.1.Pactiv LLC
  - 9.3.1.1.Key Information
  - 9.3.1.2.Overview
  - 9.3.1.3.Financial (Subject to Data Availability)
  - 9.3.1.4.ProductSummary
  - 9.3.1.5.Recent Developments
- 9.3.2.Genpak LLC
- 9.3.3.Sonoco Products Company
- 9.3.4.CM Packaging Inc.
- 9.3.5.Placon Corporation
- 9.3.6.Anchor Packaging LLC
- 9.3.7.Brentwood Industries, Inc.
- 9.3.8.Greiner Packaging GmbH
- 9.3.9.Dongguan Ditai Plastic Products Co., Ltd
- 9.3.10.Palram Americas Ltd.

Chapter 10.Research Process

10.1.Research Process
- 10.1.1.Data Mining
- 10.1.2.Analysis
- 10.1.3.Market Estimation
- 10.1.4.Validation
- 10.1.5.Publishing
10.2.Research Attributes
10.3.Research Assumption

LIST OF TABLES

TABLE 1.Global Thermoformed Plastics Market, report scope
TABLE 2.Global Thermoformed Plastics Market estimates & forecasts by Region2020-2030 (USD Billion)
TABLE 3.Global Thermoformed Plastics Market estimates & forecasts byProduct2020-2030 (USD Billion)
TABLE 4.Global Thermoformed Plastics Market estimates & forecasts by Process2020-2030 (USD Billion)
TABLE 5.Global Thermoformed Plastics Market estimates & forecasts by Application2020-2030 (USD Billion)
TABLE 6.Global Thermoformed Plastics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7.Global Thermoformed Plastics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8.Global Thermoformed Plastics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9.Global Thermoformed Plastics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10.Global Thermoformed Plastics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11.Global Thermoformed Plastics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12.Global Thermoformed Plastics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13.Global Thermoformed Plastics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14.Global Thermoformed Plastics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15.Global Thermoformed Plastics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16.U.S. Thermoformed Plastics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17.U.S. Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18.U.S. Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19.Canada Thermoformed Plastics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20.Canada Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21.Canada Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22.UK Thermoformed Plastics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23.UK Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24.UK Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25.Germany Thermoformed Plastics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26.Germany Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27.Germany Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28.France Thermoformed Plastics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29.FranceThermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30.FranceThermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31.ItalyThermoformed Plastics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32.ItalyThermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33.ItalyThermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34.SpainThermoformed Plastics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35.SpainThermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36.SpainThermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37.RoEThermoformed Plastics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38.RoEThermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39.RoEThermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40.China Thermoformed Plastics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41.China Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42.China Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43.India Thermoformed Plastics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44.India Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45.India Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46.Japan Thermoformed Plastics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47.Japan Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48.Japan Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49.South Korea Thermoformed Plastics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50.South Korea Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51.South Korea Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52.Australia Thermoformed Plastics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53.Australia Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54.Australia Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55.RoAPACThermoformed Plastics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56.RoAPACThermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57.RoAPACThermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58.Brazil Thermoformed Plastics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59.Brazil Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60.Brazil Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61.Mexico Thermoformed Plastics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62.Mexico Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63.Mexico Thermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64.RoLAThermoformed Plastics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65.RoLAThermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66.RoLAThermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67.Saudi ArabiaThermoformed Plastics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68.South AfricaThermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69.RoMEAThermoformed Plastics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70.List of secondary sources, used in the study of global Thermoformed Plastics Market
TABLE 71.List of primary sources, used in the study of global Thermoformed Plastics Market
TABLE 72.Years considered for the study
TABLE 73.Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1.Global Thermoformed Plastics Market, research methodology
FIG 2.Global Thermoformed Plastics Market, Market estimation techniques
FIG 3.Global Market size estimates & forecast methods
FIG 4.Global Thermoformed Plastics Market, key trends 2022
FIG 5.Global Thermoformed Plastics Market, growth prospects 2023-2030
FIG 6.Global Thermoformed Plastics Market, porters 5 force model
FIG 7.Global Thermoformed Plastics Market, pest analysis
FIG 8.Global Thermoformed Plastics Market, value chain analysis
FIG 9.Global Thermoformed Plastics Market by segment, 2020& 2030 (USD Billion)
FIG 10.Global Thermoformed Plastics Market by segment, 2020& 2030 (USD Billion)
FIG 11.Global Thermoformed Plastics Market by segment, 2020& 2030 (USD Billion)
FIG 12.Global Thermoformed Plastics Market by segment, 2020& 2030 (USD Billion)
FIG 13.Global Thermoformed Plastics Market by segment, 2020& 2030 (USD Billion)
FIG 14.Global Thermoformed Plastics Market, regional snapshot 2020& 2030
FIG 15.North America Thermoformed Plastics Market2020& 2030 (USD Billion)
FIG 16.Europe Thermoformed Plastics Market2020& 2030 (USD Billion)
FIG 17.Asia pacific Thermoformed Plastics Market2020& 2030 (USD Billion)
FIG 18.Latin America Thermoformed Plastics Market2020& 2030 (USD Billion)
FIG 19.Middle East &AfricaThermoformed Plastics Market 2020& 2030 (USD Billion)