Europe Thermoformed Plastics Market Size, Share & Trends Analysis Report By Process (Thin Gauge Thermoforming, Plug Assist Forming, Thick Gauge Thermoforming, and Vacuum Snapback), By Application, By Product, By Country and Growth Forecast, 2023 - 2030
The Europe Thermoformed Plastics Market would witness market growth of 5.0% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 4220.8 Kilo Tonnes, showcasing a growth of 3.8% (2019-2022).
The thermoformed plastics market stands at the forefront of the plastics industry, offering a dynamic and versatile solution for various applications across various sectors. Thermoforming, as a distinctive manufacturing process, involves the transformation of plastic sheets into intricate shapes by applying heat and pressure. This method has gained prominence for its adaptability, cost-effectiveness, and efficiency in producing various products with diverse geometries and functionalities.
Furthermore, the thermoformed plastics sector has arisen as a crucial participant, effectively catering to the changing demands of both enterprises and consumers. From packaging solutions and consumer goods to automotive components and medical devices, thermoformed plastics contribute significantly to the modern design, functionality, and sustainability landscape.
The rising healthcare industry in the European Union has led to an expanded use of thermoformed plastics in various applications, from medical device packaging to equipment housings. The adaptability, cleanliness, and customization capabilities of thermoformed plastics make them a preferred choice in addressing the specific requirements of the growing healthcare sector within the EU. Thus, the growing food and beverage and healthcare sectors in Europe will drive the demand for thermoformed plastics in the region.
The Germany market dominated the Europe Thermoformed Plastics Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,702.6 million by 2030. The UK market is exhibiting a CAGR of 4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.9% during (2023 - 2030).
Based on Process, the market is segmented into Thin Gauge Thermoforming, Plug Assist Forming, Thick Gauge Thermoforming, and Vacuum Snapback. Based on Application, the market is segmented into Food Packaging, Healthcare & Medical, Electrical & Electronics, Construction, Automotive Packaging, and Consumer Goods & Appliances. Based on Product, the market is segmented into Polypropylene (PP), Polymethyl Methacrylate (PMMA), Bio-degradable Polymers, Polyethylene (PE), Acrylonitrile Butadiene Styrene (ABS), High Impact Polystyrene (HIPS), Polyvinyl Chloride (PVC) and Polystyrene (PS). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Pactiv Evergreen Inc. (Reynolds Group Ltd.)
- Genpak, LLC (Great Pacific Enterprises, Inc.)
- Sonoco Products Company
- Brentwood Industries, Inc.
- Hoffmann Neopac AG
- Placon Corporation
- Anchor Packaging LLC
- Greiner Packaging GmbH (Greiner AG)
- Dongguan Ditai Plastic Products Co., Ltd.
- Palram Industries Ltd.
By Process (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Thin Gauge Thermoforming
- Plug Assist Forming
- Thick Gauge Thermoforming
- Vacuum Snapback
- Food Packaging
- Healthcare & Medical
- Electrical & Electronics
- Construction
- Automotive Packaging
- Consumer Goods & Appliances
- Polypropylene (PP)
- Polymethyl Methacrylate (PMMA)
- Bio-degradable Polymers
- Polyethylene (PE)
- Acrylonitrile Butadiene Styrene (ABS)
- High Impact Polystyrene (HIPS)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Thermoformed Plastics Market, by Process
- 1.4.2 Europe Thermoformed Plastics Market, by Application
- 1.4.3 Europe Thermoformed Plastics Market, by Product
- 1.4.4 Europe Thermoformed Plastics Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Strategies Deployed in Thermoformed Plastics Market
- Chapter 5. Europe Thermoformed Plastics Market by Process
- 5.1 Europe Thin Gauge Thermoforming Market by Country
- 5.2 Europe Plug Assist Forming Market by Country
- 5.3 Europe Thick Gauge Thermoforming Market by Country
- 5.4 Europe Vacuum Snapback Market by Country
- Chapter 6. Europe Thermoformed Plastics Market by Application
- 6.1 Europe Food Packaging Market by Country
- 6.2 Europe Healthcare & Medical Market by Country
- 6.3 Europe Electrical & Electronics Market by Country
- 6.4 Europe Construction Market by Country
- 6.5 Europe Automotive Packaging Market by Country
- 6.6 Europe Consumer Goods & Appliances Market by Country
- Chapter 7. Europe Thermoformed Plastics Market by Product
- 7.1 Europe Polypropylene (PP) Market by Country
- 7.2 Europe Polymethyl Methacrylate (PMMA) Market by Country
- 7.3 Europe Bio-degradable Polymers Market by Country
- 7.4 Europe Polyethylene (PE) Market by Country
- 7.5 Europe Acrylonitrile Butadiene Styrene (ABS) Market by Country
- 7.6 Europe High Impact Polystyrene (HIPS) Market by Country
- 7.7 Europe Polyvinyl Chloride (PVC) Market by Country
- 7.8 Europe Polystyrene (PS) Market by Country
- Chapter 8. Europe Thermoformed Plastics Market by Country
- 8.1 Germany Thermoformed Plastics Market
- 8.1.1 Germany Thermoformed Plastics Market by Process
- 8.1.2 Germany Thermoformed Plastics Market by Application
- 8.1.3 Germany Thermoformed Plastics Market by Product
- 8.2 UK Thermoformed Plastics Market
- 8.2.1 UK Thermoformed Plastics Market by Process
- 8.2.2 UK Thermoformed Plastics Market by Application
- 8.2.3 UK Thermoformed Plastics Market by Product
- 8.3 France Thermoformed Plastics Market
- 8.3.1 France Thermoformed Plastics Market by Process
- 8.3.2 France Thermoformed Plastics Market by Application
- 8.3.3 France Thermoformed Plastics Market by Product
- 8.4 Russia Thermoformed Plastics Market
- 8.4.1 Russia Thermoformed Plastics Market by Process
- 8.4.2 Russia Thermoformed Plastics Market by Application
- 8.4.3 Russia Thermoformed Plastics Market by Product
- 8.5 Spain Thermoformed Plastics Market
- 8.5.1 Spain Thermoformed Plastics Market by Process
- 8.5.2 Spain Thermoformed Plastics Market by Application
- 8.5.3 Spain Thermoformed Plastics Market by Product
- 8.6 Italy Thermoformed Plastics Market
- 8.6.1 Italy Thermoformed Plastics Market by Process
- 8.6.2 Italy Thermoformed Plastics Market by Application
- 8.6.3 Italy Thermoformed Plastics Market by Product
- 8.7 Rest of Europe Thermoformed Plastics Market
- 8.7.1 Rest of Europe Thermoformed Plastics Market by Process
- 8.7.2 Rest of Europe Thermoformed Plastics Market by Application
- 8.7.3 Rest of Europe Thermoformed Plastics Market by Product
- Chapter 9. Company Profiles
- 9.1 Pactiv Evergreen Inc. (Reynolds Group Ltd.)
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Acquisition and Mergers:
- 9.1.6 SWOT Analysis
- 9.2 Genpak, LLC (Great Pacific Enterprises, Inc.)
- 9.2.1 Company Overview
- 9.2.2 SWOT Analysis
- 9.3 Sonoco Products Company
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Acquisition and Mergers:
- 9.3.6 SWOT Analysis
- 9.4 Brentwood Industries, Inc.
- 9.4.1 Company Overview
- 9.4.2 SWOT Analysis
- 9.5 Hoffmann Neopac AG
- 9.5.1 Company Overview
- 9.5.2 Recent strategies and developments:
- 9.5.2.1 Acquisition and Mergers:
- 9.5.3 SWOT Analysis
- 9.6 Placon Corporation
- 9.6.1 Company Overview
- 9.6.2 Recent strategies and developments:
- 9.6.2.1 Partnerships, Collaborations, and Agreements:
- 9.6.2.2 Product Launches and Product Expansions:
- 9.6.3 SWOT Analysis
- 9.7 Anchor Packaging LLC
- 9.7.1 Company Overview
- 9.7.2 Recent strategies and developments:
- 9.7.2.1 Acquisition and Mergers:
- 9.7.3 SWOT Analysis
- 9.8 Greiner Packaging GmbH (Greiner AG)
- 9.8.1 Company Overview
- 9.8.2 Recent strategies and developments:
- 9.8.2.1 Acquisition and Mergers:
- 9.8.3 SWOT Analysis
- 9.9 Dongguan Ditai Plastic Products Co., Ltd.
- 9.9.1 Company Overview
- 9.9.2 SWOT Analysis
- 9.10. Palram Industries Ltd.
- 9.10.1 Company Overview
- 9.10.2 SWOT Analysis
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