North America 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 -

North America 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 North America Thermoformed Plastics Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 8727.9 Kilo Tonnes, showcasing a growth of 3.6% (2019-2022).

The aerospace sector leverages thermoformed plastics for components that demand a balance between weight reduction, durability, and precision. From interior cabin components to exterior panels, thermoformed plastics find applications in various aspects of aircraft manufacturing. The aerospace industry's perpetual quest for improved performance and efficiency is consistent with the capability of fabricating lightweight components without sacrificing strength. Weight reduction is highly valued in the aerospace industry as it directly correlates with fuel efficiency. Thermoformed plastics offer a lightweight alternative to traditional materials such as metal or composite panels. This weight reduction contributes to fuel savings, enhances the aircraft's range, and aligns with the industry's sustainability and operational efficiency goals.

Moreover, innovations in material formulations are pushing the boundaries of thermoformed plastics. There is a current surge in the market for novel material combinations, such as reinforced polymers, nanocomposites, and hybrid materials, which provide improved strength, durability, and distinctive characteristics. These developments expand the application scope of thermoformed plastics, especially in industries requiring high-performance materials.

The rising automotive industry in Mexico has played a significant role in expanding the demand for thermoformed plastics. Mexico has become a prominent hub for automotive manufacturing, attracting domestic and international automotive companies. The use of thermoformed plastics in the automotive sector has seen substantial growth, driven by manufacturing efficiency, design flexibility, and cost-effectiveness factors. Hence, North America's rising automotive and food and beverage processing sectors will assist in the growth of the regional thermoformed plastics market.

The US market dominated the North America Thermoformed Plastics Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $14,762.7 million by 2030. The Canada market is experiencing a CAGR of 7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.1% 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 U.S., Mexico, Canada, and Rest of North America.

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.
North America Thermoformed Plastics Market Report Segmentation

By Process (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Thin Gauge Thermoforming
  • Plug Assist Forming
  • Thick Gauge Thermoforming
  • Vacuum Snapback
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Food Packaging
  • Healthcare & Medical
  • Electrical & Electronics
  • Construction
  • Automotive Packaging
  • Consumer Goods & Appliances
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Polypropylene (PP)
  • Polymethyl Methacrylate (PMMA)
  • Bio-degradable Polymers
  • Polyethylene (PE)
  • Acrylonitrile Butadiene Styrene (ABS)
  • High Impact Polystyrene (HIPS)
  • Polyvinyl Chloride (PVC)
  • Polystyrene (PS)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • US
  • Canada
  • Mexico
  • Rest of North America


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Thermoformed Plastics Market, by Process
1.4.2 North America Thermoformed Plastics Market, by Application
1.4.3 North America Thermoformed Plastics Market, by Product
1.4.4 North America 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. North America Thermoformed Plastics Market by Process
5.1 North America Thin Gauge Thermoforming Market by Country
5.2 North America Plug Assist Forming Market by Country
5.3 North America Thick Gauge Thermoforming Market by Country
5.4 North America Vacuum Snapback Market by Country
Chapter 6. North America Thermoformed Plastics Market by Application
6.1 North America Food Packaging Market by Country
6.2 North America Healthcare & Medical Market by Country
6.3 North America Electrical & Electronics Market by Country
6.4 North America Construction Market by Country
6.5 North America Automotive Packaging Market by Country
6.6 North America Consumer Goods & Appliances Market by Country
Chapter 7. North America Thermoformed Plastics Market by Product
7.1 North America Polypropylene (PP) Market by Country
7.2 North America Polymethyl Methacrylate (PMMA) Market by Country
7.3 North America Bio-degradable Polymers Market by Country
7.4 North America Polyethylene (PE) Market by Country
7.5 North America Acrylonitrile Butadiene Styrene (ABS) Market by Country
7.6 North America High Impact Polystyrene (HIPS) Market by Country
7.7 North America Polyvinyl Chloride (PVC) Market by Country
7.8 North America Polystyrene (PS) Market by Country
Chapter 8. North America Thermoformed Plastics Market by Country
8.1 US Thermoformed Plastics Market
8.1.1 US Thermoformed Plastics Market by Process
8.1.2 US Thermoformed Plastics Market by Application
8.1.3 US Thermoformed Plastics Market by Product
8.2 Canada Thermoformed Plastics Market
8.2.1 Canada Thermoformed Plastics Market by Process
8.2.2 Canada Thermoformed Plastics Market by Application
8.2.3 Canada Thermoformed Plastics Market by Product
8.3 Mexico Thermoformed Plastics Market
8.3.1 Mexico Thermoformed Plastics Market by Process
8.3.2 Mexico Thermoformed Plastics Market by Application
8.3.3 Mexico Thermoformed Plastics Market by Product
8.4 Rest of North America Thermoformed Plastics Market
8.4.1 Rest of North America Thermoformed Plastics Market by Process
8.4.2 Rest of North America Thermoformed Plastics Market by Application
8.4.3 Rest of North America 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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