Global Thermoformed Packaging Market 2024-2028
The thermoformed packaging market is forecasted to grow by USD 13860.9 mn during 2023-2028, accelerating at a CAGR of 4.85% during the forecast period. The report on the thermoformed packaging market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing adoption of food delivery and takeaway services, high demand for thermoformed packaging from pharmaceutical industry, and increase in demand for digitally printed thermoformed packaging.
Technavio's thermoformed packaging market is segmented as below:
- By Product Type
- Blister packaging
- Clamshell packaging
- Skin packaging
- Others
- By End-user
- Food and beverages
- Pharmaceuticals
- Personal care and cosmetics
- Others
- By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the emergence of tamper-proof thermoformed packaging as one of the prime reasons driving the thermoformed packaging market growth during the next few years. Also, use of recycled plastics in thermoformed packaging applications and increasing product launches by vendors will lead to sizable demand in the market.
The report on the thermoformed packaging market covers the following areas:
- Thermoformed packaging market sizing
- Thermoformed packaging market forecast
- Thermoformed packaging market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading thermoformed packaging market vendors that include Amcor Plc, BBC Packaging SL, Berry Global Inc., CTCI Production, Dart Container Corp., DM THERMOFORMER, Dordan Manufacturing Co., Huhtamaki Oyj, EasyPak LLC, ENVAPLASTER SA, ITC Packaging, Lacerta Group LLC, NEFAB GROUP, Placon Corp., Prent Corp., Sealed Air Corp., Silgan Holdings Inc., Sinclair and Rush Inc., Sonoco Products Co., Tekni Plex Inc., UltraPak Australia Pty Ltd., and USK Balaji Plast Pvt. Ltd.. Also, the thermoformed packaging market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.