Thermoformed Plastics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Thermoformed Plastics Market

The thermoformed plastics market size was valued at USD 40.59 billion in 2019, and the market is now projected tgrow from USD 59.74 billion by 2027, exhibiting a CAGR of 5.7% during the forecast period of 2020-2027.

The thermoformed plastics market growth has faced an issue with a decrease due tdisruption by COVID-19, particularly the lockdowns that hampered manufacturing activities. However, increased hygiene awareness has improved the use of thermoformed plastics in packaging for food, drugs and sanitizers. This trend has alscontributed tthe promotion of plastics in the production of healthcare-related items such as bottles and trays. The disruption in supply chain networks and shifts in demand during the pandemic alsunderscore how indispensable plastics are in different industries. Still, the industry is promising and needs the support of changing consumer trends as it has faced various difficulties during its progression.

Growth in the thermoformed plastics market share is owing tthe increasing requirement for packaged food due tbusy and active lifestyles, increasing disposable income and technological advancements, especially focusing on the urban population. High-performance materials offering extended shelf-life and contamination resistance further support growth. The increasing popularity of single-serving products and high-quality food fuels market expansion. Thermoformed plastics alsfind applications in infrastructure for insulation and automotive body parts. Technological advancements enhance product efficiency, meeting diverse industry demands.

Additionally, the rising demand for in-mould labelling (IML) is driven by its ability tfuse decorative, protective labels directly ontcontainers, enhancing safety and hygiene. This process prevents external contact with food packaging, making it easy tsanitize and appealing tvirus-conscious consumers. The COVID-19 pandemic has further boosted demand for IML in packaged food applications. Its aesthetic appeal and functionality cater tconsumer preferences for safe, attractive packaging. These factors are fueling increased plastic consumption in the packaging industry.

Comprehensive Analysis of Thermoformed Plastics Market

The thermoformed plastics market and plastics polymers & resins industry is rising at an exponential rate due tits market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the plastics polymers & resins benefit management industry. These segmentations are methodically segregated by plastic types, by thermoforming type and by application. The plastic types include, Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Acrylonitrile butadiene styrene, Biodegradable polymers. The thermoforming type include, Vacuum Snapback, Thin Gauge Thermoforming, Thick Gauge Thermoforming, and Plug Assist Forming. Atleast, the applications include Healthcare & Medical, Food Packaging, Electrical & Electronics.

North America dominates the thermoformed plastics market because of increasing industrialization and the continuous innovation of packaging. Increased healthcare requirements for medical trays and packaging have significantly promoted regional demand. The population’s increase in disposable income and change of lives push up demand for cars in the automotive segment and construction. Most of the synthetic packaging solutions are developed from innovative technologies through custom made tsuit specific companies such as ALPLA. All of these factors together contribute tNorth America’s market leadership.

The top players in the market play a crucial role in the plastic polymers & resins industry assuring industrial prospectus growth and setting market standards. These players include, Fabri-Kal Corp. (U.S.), Pactiv LLC (U.S.), Amcor Ltd. (Australia), Berry Global Inc. (U.S.), D&W Fine Pack LLC (U.S.), Genpak LLC (U.S.), Dart Container Corp. (U.S.), Sabert Corporation (U.S.), Anchor Packaging (U.S.), SonocProducts Company (U.S.), C.M. Packaging (Netherlands), Other Key Players. These market players provide a level-playing competitive landscape.

In November 2019, Sabert Corporation entered inta definitive agreement with LBP Manufacturing LLC. The current positioning of LBP in Quick Service Restaurant when combined with the sales network of Sabert and its international reach can help the organisation create value for the market and win over international clientele.

Segmentation Table

Global Thermoformed Plastics Market Scope

Study Period 2016-2027

Base Year 2019

Forecast Period 2020-2027

Growth Rate CAGR of 5.7% from 2020 t2027

Historical Period 2016-2018

Unit Value (USD Billion), Volume (Kiloton)

Segmentation By Plastic Type, Thermoforming Type, Application, and Geography

By Plastic Type

Polyethylene

Polypropylene

Polystyrene

Polyvinyl Chloride

Acrylonitrile Butadiene Styrene

Biodegradable Polymers

Others

By Thermoforming Type

Vacuum Snapback

Thin Gauge Thermoforming

Thick Gauge Thermoforming

Plug Assist Forming

By Application

Healthcare & Medical

Food Packaging

Electrical & Electronics

Automotive Packaging

Construction

Consumer Goods & Appliances

Others

By Region

North America

By Plastic Type

By Thermoforming Type

By Application

By Country

 The U.S

By Application

 Canada

By Application

Europe

By Plastic Type

By Thermoforming Type

By Application

By Country

 Germany

By Application

 U.K.

By Application

 France

By Application

 Italy

By Application

 Spain

By Application

 Poland

By Application

 Rest of Europe

By Application

Asia Pacific

By Plastic Type

By Thermoforming Type

By Application

By Country

 China

By Application

 India

By Application

 Japan

By Application

 South Korea

By Application

 Southeast Asia

By Application

 Rest of Asia Pacific

By Application

Latin America

By Plastic Type

By Thermoforming Type

By Application

By Country

 Brazil

By Application

 Mexico

By Application

 Rest of Latin America

By Application

Middle East & Africa

By Plastic Type

By Thermoforming Type

By Application

By Country

 Saudi Arabia

By Application

 Turkey

By Application

 Egypt

By Application

 Rest of Middle East & Africa

By Application


1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
4.3. Latest Technological Advancement
4.4. Insights on Regulatory Scenario
4.5. Porters Five Forces Analysis
5. Qualitative Insights – Impact of COVID-19 on Global Thermoformed Plastics Market
5.1. Supply Chain Challenges
5.2. Steps taken by Government/Companies to overcome this impact
5.3. Potential opportunities due to COVID-19 outbreak
6. Global Thermoformed Plastics Market Analysis, Insights and Forecast, 2016-2027
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Plastic Type (Volume/Value)
6.2.1.1. Polyethylene
6.2.1.2. Polypropylene
6.2.1.3. Polystyrene
6.2.1.4. Polyvinyl Chloride
6.2.1.5. Acrylonitrile butadiene styrene
6.2.1.6. Bio-degradable polymers
6.2.1.7. Others
6.2.2. By Thermoforming Plastic Type (Volume/Value)
6.2.2.1. Vacuum Snapback
6.2.2.2. Thin Gauge Thermoforming
6.2.2.3. Thick Gauge Thermoforming
6.2.2.4. Plug Assist Forming
6.2.3. By Application (Volume/Value)
6.2.3.1. Healthcare & Medical
6.2.3.2. Food Packaging
6.2.3.3. Electrical & Electronics
6.2.3.4. Automotive Packaging
6.2.3.5. Construction
6.2.3.6. Consumer Goods & Appliances
6.2.3.7. Others
6.2.4. By Region (Volume/Value)
6.2.4.1. North America
6.2.4.2. Europe
6.2.4.3. Asia Pacific
6.2.4.4. Latin America
6.2.4.5. Middle East & Africa
7. North America Thermoformed Plastics Market Analysis, Insights and Forecast, 2016-2027
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Plastic Type (Volume/Value)
7.2.1.1. Polyethylene
7.2.1.2. Polypropylene
7.2.1.3. Polystyrene
7.2.1.4. Polyvinyl Chloride
7.2.1.5. Acrylonitrile butadiene styrene
7.2.1.6. Bio-degradable polymers
7.2.1.7. Others
7.2.2. By Thermoforming Plastic Type (Volume/Value)
7.2.2.1. Vacuum Snapback
7.2.2.2. Thin Gauge Thermoforming
7.2.2.3. Thick Gauge Thermoforming
7.2.2.4. Plug Assist Forming
7.2.3. By Application (Volume/Value)
7.2.3.1. Healthcare & Medical
7.2.3.2. Food Packaging
7.2.3.3. Electrical & Electronics
7.2.3.4. Automotive Packaging
7.2.3.5. Construction
7.2.3.6. Consumer Goods & Appliances
7.2.3.7. Others
7.2.4. By Country (Volume/Value)
7.2.4.1. U.S.
7.2.4.1.1. By Application (Volume/Value)
7.2.4.1.1.1. Personal Care
7.2.4.1.1.2. Chemical Intermediates
7.2.4.1.1.3. Food Industry
7.2.4.1.1.4. Pharmaceutical
7.2.4.1.1.5. Fuels
7.2.4.1.1.6. Others
7.2.4.2. Canada
7.2.4.2.1. By Application (Volume/Value)
7.2.4.2.1.1. Personal Care
7.2.4.2.1.2. Chemical Intermediates
7.2.4.2.1.3. Food Industry
7.2.4.2.1.4. Pharmaceutical
7.2.4.2.1.5. Fuels
7.2.4.2.1.6. Others
8. Europe Thermoformed Plastics Market Analysis, Insights and Forecast, 2016-2027
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Plastic Type (Volume/Value)
8.2.1.1. Polyethylene
8.2.1.2. Polypropylene
8.2.1.3. Polystyrene
8.2.1.4. Polyvinyl Chloride
8.2.1.5. Acrylonitrile butadiene styrene
8.2.1.6. Bio-degradable polymers
8.2.1.7. Others
8.2.2. By Thermoforming Plastic Type (Volume/Value)
8.2.2.1. Vacuum Snapback
8.2.2.2. Thin Gauge Thermoforming
8.2.2.3. Thick Gauge Thermoforming
8.2.2.4. Plug Assist Forming
8.2.3. By Application (Volume/Value)
8.2.3.1. Healthcare & Medical
8.2.3.2. Food Packaging
8.2.3.3. Electrical & Electronics
8.2.3.4. Automotive Packaging
8.2.3.5. Construction
8.2.3.6. Consumer Goods & Appliances
8.2.3.7. Others
8.2.4. By Country (Volume/Value)
8.2.4.1. Germany
8.2.4.1.1. By Application (Volume/Value)
8.2.4.1.1.1. Personal Care
8.2.4.1.1.2. Chemical Intermediates
8.2.4.1.1.3. Food Industry
8.2.4.1.1.4. Pharmaceutical
8.2.4.1.1.5. Fuels
8.2.4.1.1.6. Others
8.2.4.2. UK
8.2.4.2.1. By Application (Volume/Value)
8.2.4.2.1.1. Personal Care
8.2.4.2.1.2. Chemical Intermediates
8.2.4.2.1.3. Food Industry
8.2.4.2.1.4. Pharmaceutical
8.2.4.2.1.5. Fuels
8.2.4.2.1.6. Others
8.2.4.3. France
8.2.4.3.1. By Application (Volume/Value)
8.2.4.3.1.1. Personal Care
8.2.4.3.1.2. Chemical Intermediates
8.2.4.3.1.3. Food Industry
8.2.4.3.1.4. Pharmaceutical
8.2.4.3.1.5. Fuels
8.2.4.3.1.6. Others
8.2.4.4. Italy
8.2.4.4.1. By Application (Volume/Value)
8.2.4.4.1.1. Personal Care
8.2.4.4.1.2. Chemical Intermediates
8.2.4.4.1.3. Food Industry
8.2.4.4.1.4. Pharmaceutical
8.2.4.4.1.5. Fuels
8.2.4.4.1.6. Others
8.2.4.5. Spain
8.2.4.5.1. By Application (Volume/Value)
8.2.4.5.1.1. Personal Care
8.2.4.5.1.2. Chemical Intermediates
8.2.4.5.1.3. Food Industry
8.2.4.5.1.4. Pharmaceutical
8.2.4.5.1.5. Fuels
8.2.4.5.1.6. Others
8.2.4.6. Poland
8.2.4.6.1. By Application (Volume/Value)
8.2.4.6.1.1. Personal Care
8.2.4.6.1.2. Chemical Intermediates
8.2.4.6.1.3. Food Industry
8.2.4.6.1.4. Pharmaceutical
8.2.4.6.1.5. Fuels
8.2.4.6.1.6. Others
8.2.4.7. Rest of Europe
8.2.4.7.1. By Application (Volume/Value)
8.2.4.7.1.1. Personal Care
8.2.4.7.1.2. Chemical Intermediates
8.2.4.7.1.3. Food Industry
8.2.4.7.1.4. Pharmaceutical
8.2.4.7.1.5. Fuels
8.2.4.7.1.6. Others
9. Asia-Pacific Thermoformed Plastics Market Analysis, Insights and Forecast, 2016-2027
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Plastic Type (Volume/Value)
9.2.1.1. Polyethylene
9.2.1.2. Polypropylene
9.2.1.3. Polystyrene
9.2.1.4. Polyvinyl Chloride
9.2.1.5. Acrylonitrile butadiene styrene
9.2.1.6. Bio-degradable polymers
9.2.1.7. Others
9.2.2. By Thermoforming Plastic Type (Volume/Value)
9.2.2.1. Vacuum Snapback
9.2.2.2. Thin Gauge Thermoforming
9.2.2.3. Thick Gauge Thermoforming
9.2.2.4. Plug Assist Forming
9.2.3. By Application (Volume/Value)
9.2.3.1. Healthcare & Medical
9.2.3.2. Food Packaging
9.2.3.3. Electrical & Electronics
9.2.3.4. Automotive Packaging
9.2.3.5. Construction
9.2.3.6. Consumer Goods & Appliances
9.2.3.7. Others
9.2.4. By Country (Volume/Value)
9.2.4.1. China
9.2.4.1.1. By Application (Volume/Value)
9.2.4.1.1.1. Personal Care
9.2.4.1.1.2. Chemical Intermediates
9.2.4.1.1.3. Food Industry
9.2.4.1.1.4. Pharmaceutical
9.2.4.1.1.5. Fuels
9.2.4.1.1.6. Others
9.2.4.2. India
9.2.4.2.1. By Application (Volume/Value)
9.2.4.2.1.1. Personal Care
9.2.4.2.1.2. Chemical Intermediates
9.2.4.2.1.3. Food Industry
9.2.4.2.1.4. Pharmaceutical
9.2.4.2.1.5. Fuels
9.2.4.2.1.6. Others
9.2.4.3. Japan
9.2.4.3.1. By Application (Volume/Value)
9.2.4.3.1.1. Personal Care
9.2.4.3.1.2. Chemical Intermediates
9.2.4.3.1.3. Food Industry
9.2.4.3.1.4. Pharmaceutical
9.2.4.3.1.5. Fuels
9.2.4.3.1.6. Others
9.2.4.4. South Korea
9.2.4.4.1. By Application (Volume/Value)
9.2.4.4.1.1. Personal Care
9.2.4.4.1.2. Chemical Intermediates
9.2.4.4.1.3. Food Industry
9.2.4.4.1.4. Pharmaceutical
9.2.4.4.1.5. Fuels
9.2.4.4.1.6. Others
9.2.4.5. Southeast Asia
9.2.4.5.1. By Application (Volume/Value)
9.2.4.5.1.1. Personal Care
9.2.4.5.1.2. Chemical Intermediates
9.2.4.5.1.3. Food Industry
9.2.4.5.1.4. Pharmaceutical
9.2.4.5.1.5. Fuels
9.2.4.5.1.6. Others
9.2.4.6. Rest of Asia Pacific
9.2.4.6.1. By Application (Volume/Value)
9.2.4.6.1.1. Personal Care
9.2.4.6.1.2. Chemical Intermediates
9.2.4.6.1.3. Food Industry
9.2.4.6.1.4. Pharmaceutical
9.2.4.6.1.5. Fuels
9.2.4.6.1.6. Others
10. Latin America Thermoformed Plastics Market Analysis, Insights and Forecast, 2016-2027
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Plastic Type (Volume/Value)
10.2.1.1. Polyethylene
10.2.1.2. Polypropylene
10.2.1.3. Polystyrene
10.2.1.4. Polyvinyl Chloride
10.2.1.5. Acrylonitrile butadiene styrene
10.2.1.6. Bio-degradable polymers
10.2.1.7. Others
10.2.2. By Thermoforming Plastic Type (Volume/Value)
10.2.2.1. Vacuum Snapback
10.2.2.2. Thin Gauge Thermoforming
10.2.2.3. Thick Gauge Thermoforming
10.2.2.4. Plug Assist Forming
10.2.3. By Application (Volume/Value)
10.2.3.1. Healthcare & Medical
10.2.3.2. Food Packaging
10.2.3.3. Electrical & Electronics
10.2.3.4. Automotive Packaging
10.2.3.5. Construction
10.2.3.6. Consumer Goods & Appliances
10.2.3.7. Others
10.2.4. By Country (Volume/Value)
10.2.4.1. Brazil
10.2.4.1.1. By Application (Volume/Value)
10.2.4.1.1.1. Personal Care
10.2.4.1.1.2. Chemical Intermediates
10.2.4.1.1.3. Food Industry
10.2.4.1.1.4. Pharmaceutical
10.2.4.1.1.5. Fuels
10.2.4.1.1.6. Others
10.2.4.2. Mexico
10.2.4.2.1. By Application (Volume/Value)
10.2.4.2.1.1. Personal Care
10.2.4.2.1.2. Chemical Intermediates
10.2.4.2.1.3. Food Industry
10.2.4.2.1.4. Pharmaceutical
10.2.4.2.1.5. Fuels
10.2.4.2.1.6. Others
10.2.4.3. Rest of Latin America
10.2.4.3.1. By Application (Volume/Value)
10.2.4.3.1.1. Personal Care
10.2.4.3.1.2. Chemical Intermediates
10.2.4.3.1.3. Food Industry
10.2.4.3.1.4. Pharmaceutical
10.2.4.3.1.5. Fuels
10.2.4.3.1.6. Others
11. Middle East & Africa Thermoformed Plastics Market Analysis, Insights and Forecast, 2016-2027
11.1. Key Findings / Summary
11.2. Market Size Estimates and Forecast
11.2.1. By Plastic Type (Volume/Value)
11.2.1.1. Polyethylene
11.2.1.2. Polypropylene
11.2.1.3. Polystyrene
11.2.1.4. Polyvinyl Chloride
11.2.1.5. Acrylonitrile butadiene styrene
11.2.1.6. Bio-degradable polymers
11.2.1.7. Others
11.2.2. By Thermoforming Plastic Type (Volume/Value)
11.2.2.1. Vacuum Snapback
11.2.2.2. Thin Gauge Thermoforming
11.2.2.3. Thick Gauge Thermoforming
11.2.2.4. Plug Assist Forming
11.2.3. By Application (Volume/Value)
11.2.3.1. Healthcare & Medical
11.2.3.2. Food Packaging
11.2.3.3. Electrical & Electronics
11.2.3.4. Automotive Packaging
11.2.3.5. Construction
11.2.3.6. Consumer Goods & Appliances
11.2.3.7. Others
11.2.4. By Country (Volume/Value)
11.2.4.1. Saudi Arabia
11.2.4.1.1. By Application (Volume/Value)
11.2.4.1.1.1. Personal Care
11.2.4.1.1.2. Chemical Intermediates
11.2.4.1.1.3. Food Industry
11.2.4.1.1.4. Pharmaceutical
11.2.4.1.1.5. Fuels
11.2.4.1.1.6. Others
11.2.4.2. Turkey
11.2.4.2.1. By Application (Volume/Value)
11.2.4.2.1.1. Personal Care
11.2.4.2.1.2. Chemical Intermediates
11.2.4.2.1.3. Food Industry
11.2.4.2.1.4. Pharmaceutical
11.2.4.2.1.5. Fuels
11.2.4.2.1.6. Others
11.2.4.3. Egypt
11.2.4.3.1. By Application (Volume/Value)
11.2.4.3.1.1. Personal Care
11.2.4.3.1.2. Chemical Intermediates
11.2.4.3.1.3. Food Industry
11.2.4.3.1.4. Pharmaceutical
11.2.4.3.1.5. Fuels
11.2.4.3.1.6. Others
12. 11.2.4.3.1.7.
12.1.
12.1.1.
12.1.1.1. Rest of Middle East & Africa
12.1.1.1.1. By Application (Volume/Value)
12.1.1.1.1.1. Personal Care
12.1.1.1.1.2. Chemical Intermediates
12.1.1.1.1.3. Food Industry
12.1.1.1.1.4. Pharmaceutical
12.1.1.1.1.5. Fuels
12.1.1.1.1.6. Others
13. Competitive Matrix
13.1. Business Strategies Adopted by Leading Players
13.2. Global Thermoformed Plastics Market Revenue Share/Ranking Analysis, By Key Manufacturer
14. Company Profiles
14.1. Fabri-Kal Corp. (U.S.)
14.1.1. Overview
14.1.2. Description
14.1.3. Product Portfolio
14.1.4. Financials (Data as available in public domain and/or on paid databases)
14.1.5. Recent Developments
14.2. Pactiv LLC (U.S.)
14.2.1. Overview
14.2.2. Description
14.2.3. Product Portfolio
14.2.4. Financials (Data as available in public domain and/or on paid databases)
14.2.5. Recent Developments
14.3. Amcor Ltd. (Australia)
14.3.1. Overview
14.3.2. Description
14.3.3. Product Portfolio
14.3.4. Financials (Data as available in public domain and/or on paid databases)
14.3.5. Recent Developments
14.4. Berry Global Inc. (U.S.)
14.4.1. Overview
14.4.2. Description
14.4.3. Product Portfolio
14.4.4. Financials (Data as available in public domain and/or on paid databases)
14.4.5. Recent Developments
14.5. D&W Fine Pack LLC (U.S.)
14.5.1. Overview
14.5.2. Description
14.5.3. Product Portfolio
14.5.4. Financials (Data as available in public domain and/or on paid databases)
14.5.5. Recent Developments
14.6. Genpak LLC (U.S.)
14.6.1. Overview
14.6.2. Description
14.6.3. Product Portfolio
14.6.4. Financials (Data as available in public domain and/or on paid databases)
14.6.5. Recent Developments
14.7. Dart Container Corp. (U.S.)
14.7.1. Overview
14.7.2. Description
14.7.3. Product Portfolio
14.7.4. Financials (Data as available in public domain and/or on paid databases)
14.7.5. Recent Developments
14.8. Sabert Corporation (U.S.)
14.8.1. Overview
14.8.2. Description
14.8.3. Product Portfolio
14.8.4. Financials (Data as available in public domain and/or on paid databases)
14.8.5. Recent Developments
14.9. Anchor Packaging (U.S.)
14.9.1. Overview
14.9.2. Description
14.9.3. Product Portfolio
14.9.4. Financials (Data as available in public domain and/or on paid databases)
14.9.5. Recent Developments
14.10. Sonoco Products Company (U.S.)
14.10.1. Overview
14.10.2. Description
14.10.3. Product Portfolio
14.10.4. Financials (Data as available in public domain and/or on paid databases)
14.10.5. Recent Developments
14.11. C.M. Packaging (Netherlands)
14.11.1. Overview
14.11.2. Description
14.11.3. Product Portfolio
14.11.4. Financials (Data as available in public domain and/or on paid databases)
14.11.5. Recent Developments
14.12. Other Key Players
14.12.1. Overview
14.12.2. Description
14.12.3. Product Portfolio
14.12.4. Financials (Data as available in public domain and/or on paid databases)
14.12.5. Recent Developments
15. Appendix
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