Global Thermoformed Containers Market is segmented By Type (Blisters, Clamshells, Cups & Bowls, Trays & Lids, Others), By Material Type (Polypropylene, Polyethylene, Polyvinyl chloride, Polystyrene, PET, Others), By End-User (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, Homecare Products, Electrical & Electronics, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Thermoformed Containers Market Overview
[180 Pages Report] The Global Thermoformed Containers Market is estimated to reach at a CAGR of 4% during the forecast period (2023-2030).
Thermoform containers are molded products obtained by the thermoforming process, which involves molding plastic into the desired shape by heating and applying pressure. It is comparatively simple and cheaper than other plastic molding and forming methods. In this process, a thermoplastic sheet is heated until it is pliable and then placed on a mold until the sheet cools to create the finished part. Thermoformed containers exhibit various properties such as light-weight, corrosion-resistant, durable, flexible, cost-effective, and reusability, which increase their applicability in various industries such as food & beverage, electronics, personal care, pharmaceuticals and others.
The global thermoformed containers market size is projected to witness significant growth during the forecast period, owing to increased demand in the food & beverage and pharmaceutical industries. Moreover, the advantages of the container such as convenient and easy-to-use packaging, maintaining the freshness of food and enhancing its shelf life, reducing the packaging cost of food products and facilitating customization of packages, further boost the global thermoform packaging market growth.
Thermoformed Containers Market Scope
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Metrics |
Details |
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Market CAGR |
4% |
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Segments Covered |
By Type, By Material Type, By End-User and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North Americ |
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Thermoformed Containers Market Dynamics
High demand for light-weight packaging is anticipated to drive the market
The high demand for lightweight packaging products significantly fuels the growth of the global thermoform packaging market. Several manufacturers have started using lightweight packaging products to address cost-related concerns across the value chain.
Moreover, many industries are seeing progressive benefits since the adoption of lightweight packaging. Several packaging production companies endeavor to embrace it as this way of packaging can reduce overall costs, save energy during the production and transportation apart from its primary benefits light-weight and recycling efficiency. The food and beverage industry is especially striving to rack up the shelves with products that weigh less through the usage of different packaging materials and methods.
Environmental concern and government regulations over the use of plastic is hindering the market growth
Rising concerns regarding the disposal of plastic packaging products and government regulations regarding plastic packaging products are anticipated to restrain the global market growth of thermoformed containers. However, due to technological advancements, some forms of plastic are being recycled, such as polyethylene terephthalate.
Covid-19 Impact Analysis On Thermoformed Containers Market
Every industry has been affected due to the coronavirus pandemic in one and another way. During the complete lockdown, when everything was shut, the packaging industry was also not in use. But when everything started normalizing, packaging goods and food packers/processors are in use because of takeaway options in many restaurants and hotels, increasing the demand for packaged containers such as thermoformed containers.
Thermoformed Containers Market Segment Analysis
By material type, thermoformed container market is segmented into polypropylene, polyvinyl chloride, polyethylene, polystyrene and others.
Polypropylene is expected to dominate the segment because of its extensive properties and applications
Polypropylene is one of the most used thermoplastics in the world. It is a rigid, semi-crystalline thermoplastic, fatigue resistant and elastic, used widely today for domestic and industrial applications. Polypropylene uses range from plastic packaging such as thermoformed containers, blister packaging, plastic parts for machinery. Today, as per Adreco Plastics, global demand for polypropylene is estimated at approximately 45 metric tons and is expected to rise exponentially.
Polypropylene has a slippery, tactile surface, making it suitable for finished packaging goods such as food & beverages, electronics parts, etc. It is also resistant to chemical corrosion, making it ideal for packaging products such as cleaning, bleaches and first-aid products.
Moreover, polypropylene is waterproof and extremely resistant to moisture absorption, which adds to its packaging benefits and flexibility as a packaging material. Its semi-crystalline nature offers high flexural strength, too, making it resilient to general wear and tear and ideal for items that must undergo higher levels of physical stress. Hence, polypropylene is expected to dominate the segment and grow over the forecast period.
Thermoformed Containers Market Geographical Share
The thermoformed containers market is segmented into North America, Europe, the Asia Pacific, Latin America, and Middle East & Africa.
North America accounted for the largest share of global thermoformed containers
North America accounted for the largest revenue share on account of high technology penetration and the presence of well-established food & beverage and pharmaceutical sectors in the region.
Rising demand for processed and packaged food products drives the market of thermoformed containers in the North American region. Moreover, new product launches in clamshells, cups & bowls and others by the thermoform manufacturing companies in the region are expected to support market growth.
Besides North America, Europe is the second-largest market for thermoformed containers owing to the growing demand for processed foods and pharmaceuticals. Moreover, increasing disposable incomes of people in developing economies such as Germany and the UK and changing preferences of manufacturers for sustainable packaging are factors that drive the thermoform packaging market in the regions.
Thermoformed Containers Market Companies and Competitive Landscape
The thermoformed containers market is moderately competitive with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Sonoco Products Company, DS Smith plc, Bemis Company Inc., Berry Global Group, Anchor Packaging Inc., Coveris Holdings SA, Borealis AG, Huhtamaki Oyj., Silgan Holdings Inc., Pöppelmann GmbH & Co. KG among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to the growth of the Thermoformed Containers market globally.
Sonoco Products Company
Overview: Sonoco products company is a US-based international company that provides diversified consumer packaging, protective packaging, industrial products and packaging supply chain services. It is the world's largest producer of tubes, composite cans and cores.
Product Portfolio: Sonoco Products Company is the world’s largest producer of tubes, composite cans and cores. Also, it is a leading producer of consumer and industrial thermoformed plastic, blow-molded plastics, rigid paperboard containers, engineered molded and extruded plastic products and convenience closures.
Key Developments: Sonoco ThermoSafe, a subsidiary of Sonoco Products Company, has successfully conducted a test shipment with ThermoSafe’s new Pegasus ULD®, the world’s first passive bulk temperature-controlled container for pharmaceuticals.
Why Purchase the Report?
- Visualize the composition of the thermoformed containers market segmentation by type, material type, end-user and region, highlighting the critical commercial assets and players.
- Identify commercial opportunities in thermoformed containers market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of thermoformed containers market-level 4/5 segmentation.
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The global thermoformed containers market report would provide access to an approx: 61 market data tables, 56 figures and 180 pages.
