The global thermoforming packaging market size is projected to reach around US$ 74.30 billion by 2026. The market is estimated to grow at a CAGR of 6.4% over the forecast period 2019-2026.
Thermoforming is an assembling procedure where thermoplastic sheets are warmed to a temperature where it very well may be effectively twisted to frame the ideal item. This kind of packaging is to a great extent utilized for sustenance pressing to keep up its freshness and increment the time span of usability of the item. Different retailers and nourishment processors incline toward thermoformed holders for packaging over other packaging systems.
Thermoforming packaging, for example, clamshells, plate, compartments, mugs, and jugs are a few instances of such packaging items advanced to oblige the nourishment business. The expanding interest for fish, meat, and poultry industry is relied upon to drive the offers of thermoforming packaging during the estimated time frame. Purchasers are slanted to purchase items from sorted out retail shops rather than the typical basic need shops where thermoforming packaging assumes a noteworthy job in expanding the timeframe of realistic usability of the item.
The report analyzes and forecasts the thermoforming packaging market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global thermoforming packaging market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the thermoforming packaging market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of thermoforming packaging market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
Major companies contributing the global thermoforming packaging market are Winpak Ltd., Tray-Pak Corporation, Sonoco Products Company, Sealed Air Corporation, Sabert Corp., Plastique Group Limited, Placon Corporation, Pactiv LLC, Merrill's Packaging, Inc., Genpak LLC, HUHTAMAKI GROUP, Fabri-Kal Corp., DS Smith Plc, Dordan Manufacturing Company, Inc., Dart Container Corp., Brentwood Industries Inc., Blisterpak, Inc., Bemis Company, Inc., Berry Global Inc., Amcor Limited, Anchor Packaging Inc., and Agoform GmbH.
Market Segmentation By Type:
Market Segmentation By Material Type:
Market Segmentation By Process Type:
Market Segmentation By Application:
Market Segmentation By Region:
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The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or any combination of the below-mentioned strategies to strengthen their position in the market.
This report provides insights into the following pointers:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
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