Thermoform Packaging Market
Thermoform Packaging Market Forecasts to 2030 - Global Analysis By Product Type (Thermoformed Blister Packaging, Thermoformed Clamshell Packaging, Thermoformed Skin Packaging, Trays & Lids, Containers and Other Product Types), Material Type (Polyethylene Terephthalate, Polyvinyl Chloride, Polystyrene, Polyethylene, Paperboard, Aluminum and Other Materials Types), Process Type, Heat Seal, End User and By Geography
According to Stratistics MRC, the Global Thermoform Packaging Market is accounted for $47.6 billion in 2023 and is expected to reach $77 billion by 2030 growing at a CAGR of 7.1% during the forecast period. Thermoform packaging is a manufacturing process used to create customized, three-dimensional plastic packaging products from flat sheets of thermoplastic material. Thermoform packaging is widely utilized across various industries for packaging a diverse range of products. It offers versatility in design, allowing for the creation of intricate shapes and contours to meet specific packaging requirements.
Market Dynamics:
Driver:
Transparent Packaging
Thermoformed materials like PET and PVC offer excellent transparency, allowing consumers to visually inspect the product before purchase. This transparency is especially crucial in retail settings, where showcasing the product's quality and attributes influences consumer buying decisions. Moreover, transparent packaging not only builds trust by providing a clear view of the enclosed product but also allows for creative and attractive product presentations. These factors accelerate market demand.
Restraint:
Environmental concerns
The thermoform packaging market faces a significant threat from environmental concerns. The manufacturing process of thermoform packaging, which involves the consumption of energy and the emission of greenhouse gases, contributes to carbon footprints and climate change. Additionally, the extraction and processing of raw materials for plastics can have detrimental effects on natural resources and ecosystems.
Opportunity:
Consumer convenience
Thermoformed packaging solutions offer features that prioritize ease of use and enhance the overall consumer experience. The design flexibility of thermoforming allows for the incorporation of user-friendly features such as easy-open mechanisms, resalable options, and portion control. Furthermore, these elements align with evolving consumer preferences for convenience, enabling quick and effortless access to the packaged product.
Threat:
Shift towards sustainable alternatives
Traditional thermoform packaging materials, often derived from fossil fuels, face increasing scrutiny as environmentally conscious consumers and businesses seek alternatives. Sustainable packaging options, such as biodegradable plastics, compostable materials, and plant-based alternatives, are gaining traction due to their reduced environmental impact. However, as eco-friendly packaging gains momentum, the thermoform packaging market may experience a decline in demand.
Covid-19 Impact
The lockdowns and restrictions imposed globally affected end-user industries such as retail, automotive, and electronics, dampening the demand for thermoform packaging. However, the pandemic also highlighted the critical role of thermoform packaging in ensuring the safety and hygiene of products, particularly in essential sectors like food, pharmaceuticals, and healthcare. Moreover, the need for secure and protective packaging surged, driving demand for thermoformed solutions.
The polyethylene terephthalate segment is expected to be the largest during the forecast period
The polyethylene terephthalate segment is estimated to hold the largest share. Known for its versatility and clarity, PET is a popular choice for packaging various products, such as food, beverages, and personal care items. In thermoform packaging, PET is particularly favoured for its ability to withstand high temperatures during the thermoforming process. As consumer preferences shift towards eco-friendly options, PET continues to play a pivotal role in the thermoform packaging market.
The food & beverage segment is expected to have the highest CAGR during the forecast period
The food & beverage segment is anticipated to have lucrative growth during the forecast period. Thermoform packaging is particularly well-suited for the unique requirements of the food and beverage industry due to its versatility, transparency, and protective qualities. The transparent nature of thermoformed packaging enhances product visibility, allowing consumers to inspect the quality and freshness of the contents before purchase.
Region with largest share:
North America commanded the largest market share during the extrapolated period. Characterized by a mature packaging industry, the region is witnessing a surge in the adoption of thermoform packaging solutions. Factors such as heightened consumer awareness, stringent regulations promoting sustainable packaging, and the burgeoning food and healthcare sectors drive market demand. Moreover, the region's inclination towards convenience-oriented packaging solutions is fostering the growth of thermoform packaging.
Region with highest CAGR:
Asia Pacific is expected to witness profitable growth over the projection period. The region's economic growth, urbanization, and changing consumer lifestyles are key drivers for the increased demand in various industries, including food and beverage, electronics, and healthcare. Additionally, the region is witnessing a growing awareness of environmental concerns, prompting a shift towards eco-friendly and recyclable materials in thermoform packaging.
Key players in the market
Some of the key players in the Thermoform Packaging Market include Placon Corp., Constantia, Amcor, Pactiv LLC, Sonoco Products Company, Dart Container Corp., Display Pack, Inc., D&W Fine Pack, Tray-Pak Corp. and Lacerta Group, Inc.
Key Developments:
In May 2023, Amcor, Delterra, Mars and P&G jointly announce the launch of a strategic partnership to stem the tide of plastic pollution in the Global South. These global leaders will work together to scale upstream and downstream solutions for a circular plastics economy, jointly committing $6 million USD over five years.
In April 2023, Constantia, a leading manufacturer in the flexible packaging industry, is excited to announce the completion of its acquisition of Lászlópack Kft., a Hungarian flexible packaging producer specializing in flexo printing.
In June 2022, Constantia and Plasthill Technical Films have collaborated to scale the former’s proprietary micro embossing technology, CompressSeal, which offers higher seal integrity than standard polyethylene (PE) films while weighing up to 30% less without compromising on thickness.
In March 2021, Amcor announces new partnership with Alliance to End Plastic Waste. Alliance membership also aligns with Amcor’s 2025 Sustainability Pledge to develop all its packaging to be recyclable or reusable by 2025.
Product Types Covered:
• Thermoformed Blister Packaging
• Thermoformed Clamshell Packaging
• Thermoformed Skin Packaging
• Trays & Lids
• Containers
• Other Product Types
Material Types Covered:
• Polyethylene Terephthalate
• Polyvinyl Chloride
• Polystyrene
• Polyethylene
• Paperboard
• Aluminum
• Other Materials Types
Process Types Covered:
• Pressure
• Vaccum
• Mechanical
Heat Seals Covered:
• Hot Melt-Based
• Solvent-Based
• Water-Based
End Users Covered:
• Pharmaceuticals
• Food & Beverage
• Cosmetics
• Electronics
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Thermoform Packaging Market, By Product Type
5.1 Introduction
5.2 Thermoformed Blister Packaging
5.3 Thermoformed Clamshell Packaging
5.4 Thermoformed Skin Packaging
5.5 Trays & Lids
5.6 Containers
5.7 Other Product Types
6 Global Thermoform Packaging Market, By Material Type
6.1 Introduction
6.2 Polyethylene Terephthalate
6.3 Polyvinyl Chloride
6.4 Polystyrene
6.5 Polyethylene
6.6 Paperboard
6.7 Aluminum
6.8 Other Materials Types
7 Global Thermoform Packaging Market, By Process Type
7.1 Introduction
7.2 Pressure
7.3 Vaccum
7.4 Mechanical
8 Global Thermoform Packaging Market, By Heat Seal
8.1 Introduction
8.2 Hot Melt-Based
8.3 Solvent-Based
8.4 Water-Based
9 Global Thermoform Packaging Market, By End User
9.1 Introduction
9.2 Pharmaceuticals
9.3 Food & Beverage
9.4 Cosmetics
9.5 Electronics
9.6 Other End Users
10 Global Thermoform Packaging Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Placon Corp.
12.2 Constantia
12.3 Amcor
12.4 Pactiv LLC
12.5 Sonoco Products Company
12.6 Dart Container Corp.
12.7 Display Pack, Inc.
12.8 D&W Fine Pack
12.9 Tray-Pak Corp.
12.10 Lacerta Group, Inc.
List of Tables
1 Global Thermoform Packaging Market Outlook, By Region (2021-2030) ($MN)
2 Global Thermoform Packaging Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Thermoform Packaging Market Outlook, By Thermoformed Blister Packaging (2021-2030) ($MN)
4 Global Thermoform Packaging Market Outlook, By Thermoformed Clamshell Packaging (2021-2030) ($MN)
5 Global Thermoform Packaging Market Outlook, By Thermoformed Skin Packaging (2021-2030) ($MN)
6 Global Thermoform Packaging Market Outlook, By Trays & Lids (2021-2030) ($MN)
7 Global Thermoform Packaging Market Outlook, By Containers (2021-2030) ($MN)
8 Global Thermoform Packaging Market Outlook, By Other Product Types (2021-2030) ($MN)
9 Global Thermoform Packaging Market Outlook, By Material Type (2021-2030) ($MN)
10 Global Thermoform Packaging Market Outlook, By Polyethylene Terephthalate (2021-2030) ($MN)
11 Global Thermoform Packaging Market Outlook, By Polyvinyl Chloride (2021-2030) ($MN)
12 Global Thermoform Packaging Market Outlook, By Polystyrene (2021-2030) ($MN)
13 Global Thermoform Packaging Market Outlook, By Polyethylene (2021-2030) ($MN)
14 Global Thermoform Packaging Market Outlook, By Paperboard (2021-2030) ($MN)
15 Global Thermoform Packaging Market Outlook, By Aluminum (2021-2030) ($MN)
16 Global Thermoform Packaging Market Outlook, By Other Materials Types (2021-2030) ($MN)
17 Global Thermoform Packaging Market Outlook, By Process Type (2021-2030) ($MN)
18 Global Thermoform Packaging Market Outlook, By Pressure (2021-2030) ($MN)
19 Global Thermoform Packaging Market Outlook, By Vaccum (2021-2030) ($MN)
20 Global Thermoform Packaging Market Outlook, By Mechanical (2021-2030) ($MN)
21 Global Thermoform Packaging Market Outlook, By Heat Seal (2021-2030) ($MN)
22 Global Thermoform Packaging Market Outlook, By Hot Melt-Based (2021-2030) ($MN)
23 Global Thermoform Packaging Market Outlook, By Solvent-Based (2021-2030) ($MN)
24 Global Thermoform Packaging Market Outlook, By Water-Based (2021-2030) ($MN)
25 Global Thermoform Packaging Market Outlook, By End User (2021-2030) ($MN)
26 Global Thermoform Packaging Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
27 Global Thermoform Packaging Market Outlook, By Food & Beverage (2021-2030) ($MN)
28 Global Thermoform Packaging Market Outlook, By Cosmetics (2021-2030) ($MN)
29 Global Thermoform Packaging Market Outlook, By Electronics (2021-2030) ($MN)
30 Global Thermoform Packaging Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
