02 March 2020
Thermoformed Plastic Packaging Market Report 2020-2030: Value Forecasts by Material (PP, PE, ABS, PVC, PET, PS, Others), by Application (Food & Beverage, Medical, Electronic Devices, Consumer Goods, Others) Plus Analysis of Leading Companies operating in this industry.
Thermoforming is a manufacturing process in which paperboard, plastic, or aluminium sheets are heated to a temperature such that the desired product can be easily bent. Thermoform packaging is primarily used to store food to keep it fresh and to increase the product's shelf life. Retailers, the owners of products and food processors favour thermoformed plastic containers over other packaging techniques.
Increased demand for convenient and easy-to-use packaging has led to increased barrier property requirements for keeping the food fresh and improving its shelf life. Packaging manufacturers use largely thermoform packaging for food products as it eliminates material wastage and the packaging is relatively easier to customize. However, factors such as volatile prices of raw materials and government plastics regulations such as PVC are estimated to impede market growth during the forecast period.
The global plastics market is likely to be driven by the increasing consumption of polymers in construction, consumer goods, automotive, medical devices, and electrical & electronics industries. Regulatory intervention in order to lower vehicular weight to improve fuel efficiency and ultimately reduce carbon emissions is driving automotive Original Equipment Manufacturers (OEMs) to adopt polymers as a substitute to metals for fabricating automotive components.
Due to the extensive application of thermoform solutions in food packaging, Food & Beverage is projected to be the top investment pocket on the global thermoform packaging market. In addition, the escalating demand for convenient and user-friendly packaging together with reduced packaging costs is projected to boost the adoption of thermoform packaging in the food & beverage industry.
Key companies covered in this report are Pactiv LLC, Sonoco Products Company, C.M. Packaging, Placon, Genpak, LLC, Anchor Packaging, Brentwood Industries, Inc., Greiner Packaging International GmbH, Dongguan Ditai Plastic Products Co. Ltd., Palram Americas Ltd., DS Smith, Amcor, Display Pack, and WestRock.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to firstname.lastname@example.org or call her on +44 (0) 20 7549 9987.
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
What is causing this growth in the market? Primarily it is the growing rubber and plastics industry coupled increased demand for pharmaceuticals and cosmetics from Japan, China, and India.
19 October 2020
The manufacture of cars and aircraft composite products plays a key role. The growing concerns about fuel consumption and pollution carbon emission rates have prompted manufacturers to replace metal parts with carbon fiber composites.
28 September 2020
Growing application in the residential and non-residential industries is projected to positively influence growth as a result of the high visibility of the market in soft flooring products and good insulation properties, including floor insulation.
28 September 2020
Their demand in pharmaceutical and medical applications is projected to increase with numerous health benefits related to essential oils. Essential oil has no significant side-effects, unlike other traditional drugs and medications.