Thermoforming Packaging - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Thermoforming Packaging Market is accounted for $32.56 billion in 2017 and is expected to reach $62.78 billion by 2026 growing at a CAGR of 7.6% during the forecast period. Growing demand for seafood, meat and poultry industry, increases the shelf life of the product, increased consumption of processed and packed foods & beverages and growing demand from the pharmaceuticals industry are some of the factors fuelling the market growth. However, governmental regulations on plastics such as PVC are hampering the market growth.
Thermoforming is a manufacturing process where thermoplastic sheets are heated to a temperature where it can be easily bent to form the desired product. This type of packaging is largely used for food packing to maintain its freshness and increase the shelf life of the product.
Among heat seal coating, the solvent-based heat seal coating segment has significant growth during the forecast period, due to its numerous benefits such as resistance to water and grease and strong bond strength that can be processed at different temperatures.
By Geography, Europe is expected to grow at the considerable market share during the forecast period. This is mainly due to developed economies in Germany and the U.K., coupled with growing applications of thermoform packaging in the food & beverage and pharmaceutical industries.
Some of the key players profiled in the thermoforming packaging market include DS Smith PLC, Berry Global Inc., Bemis Company, Inc., E.I. Du Pont Nemours and Company, Amcor Limited, Winpak Ltd., Westrock Company, Sonoco Products Company, Agoform GmbH, Anchor Packaging, Placon Corporation, Display Pack Inc., Blisterpak, Inc., Genpak LLC and Constantia Flexibles Group GmbH.
• Paper & Paperboard
• Plaster of Paris
• Other Materials
• Clamshell Packaging
• Blister Packaging
• Skin Packaging
• Other Types
Heat Seal Coatings Covered:
• Hot Melt-Based
Process Types Covered:
• Vacuum Forming
• Pressure Forming
• Plug Assist Forming
• Drape Forming
• Twin Sheet Forming
• Mechanical Process
• Cavity Forming
End-User Industries Covered:
• Homecare & Toiletries
• Consumer Goods
• Food & Beverage
• Personal Care & Cosmetics
• Electrical & Electronics
• Other End-User Industries
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country level segments
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- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
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- Supply chain trends mapping the latest technological advancements
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