Thermoform Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Thermoform Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Thermoform Packaging Market
The global thermoform packaging market size was valued at USD 48.50 billion in 2022 and is projected to grow from USD 51.96 billion in 2023 to USD 88.50 billion by 2030, exhibiting a CAGR of 7.91% during the forecast period of 2023-2030.
The pandemic boosted the Thermoform Packaging Market because of the heightened call for hygienic packaging inside the food and pharmaceutical sectors. Increased online buying and shipping services drove manufacturers to prioritize defensive solutions, impeding the thermoform packaging market growth.
The Thermoform Packaging Market is pushed by the demand for lightweight and powerful packaging throughout industries like meals, prescription drugs, and consumer goods. The rise in convenience-orientated consumption, improvements in materials, and a shift towards sustainable packaging solutions also improved the market boom.
Sustainability is an emerging topic in thermoform packaging markets, resulting in a better requirement for untangled and biodegradable. These materials, such as biopolymers to form plastics and post-consumer recycled materials, are an added environmentally friendly option for conventional packaging media, contributing to the global thermoform packaging market share. Additionally, thermoform packaging producers specialize in minimizing waste and improving recycling prices to reduce environmental effects. This shift closer to sustainable packaging aligns with the growing patron attention to ecological issues and the industry's dedication to an extra-sustainable future.
Comprehensive Analysis of Thermoform Packaging Market
The Thermoform Packaging Market is segmented by cloth, product type, and application. The plastic section dominates because of its versatility and barrier residences, presenting various design options. In product types, thermoformed trays and lids lead, particularly inside the meals and beverage industry, while boxes are the fastest-growing segment pushed by food delivery demand. In applications, the food and beverage region holds the most crucial percentage, cashing in on the ease and prolonged shelf lifestyles provided by thermoformed packaging, with a substantial increase additionally expected within the pharmaceutical region due to growing fitness issues.
The North America region led the thermoform packaging market by benefitting a size of USD 16.54 billion in 2022 due to the thriving pharmaceutical zone and the presence of major manufacturers, the region is experiencing rapid market boom.
The leading players in the thermoform packaging market significantly influence its growth trajectory and establish industry standards. Key players in this sector include Huhtamaki Oyj (Finland), AFG Packaging (Italy), CJK Packaging (U.S.), Amcor Plc (Switzerland), Anchor Packaging (U.S.), Berry Global Inc. (U.S.), Sealed Air Corporation (U.S.), Sonoco Products Company (U.S.), DuPont (U.S.), WestRock Company (U.S.), EasyPak (U.S.), DS Smith Plc (U.K.), Tekni-Plex Inc. (U.S.), Constantia Flexibles Group (Austria), and Display Pack Inc. (U.S.). These companies contribute to a competitive landscape, driving innovation and advancing the market.
In February 2023, Neste and ILLIG mounted a strategic alliance to promote using sustainable answers in thermoformed plastic packaging via numerous demonstration tasks. This collaboration leverages Neste's expertise in recycled materials along ILLIG's proficiency in creating thermoforming structures.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 7.91% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Material
Plastic
Paper
By Product Type
Blisters
Clamshells
Trays & Lids
Containers
Films
Cups & Bowls
Others
By Application
Food & Beverages
Pharmaceutical
Personal Care & Cosmetics
Electrical & Electronics
Homecare & Toiletries
Others
By Region
North America (By Material, Product Type, Application, and Country)
U.S. (By Application)
Canada (By Application)
Europe (By Material, Product Type, Application, and Country)
Germany (By Application)
U.K. (By Application)
France (By Application)
Italy (By Application)
Spain (By Application)
Russia (By Application)
Poland (By Application)
Romania (By Application)
Rest of Europe (By Application)
Asia Pacific (By Material, Product Type, Application, and Country)
China (By Application)
India (By Application)
Japan(By Application)
Australia (By Application)
South Korea (By Application)
Southeast Asia (By Application)
Rest of Asia Pacific (By Application)
Latin America (By Material, Product Type, Application, and Country)
Brazil (By Application)
Mexico (By Application)
Argentina (By Application)
Rest of Latin America (By Application)
Middle East & Africa (By Material, Product Type, Application, and Country)
Saudi Arabia (By Application)
UAE (By Application)
Oman (By Application)
South Africa (By Application)
Rest of the Middle East & Africa (By Application)
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Table of Contents
210 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Porters Five Forces Analysis
- 4.5. Impact of COVID-19 on the Thermoform Packaging Market
- 5. Global Thermoform Packaging Market Analysis (USD Billion), Insights and Forecast, 2019-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Material
- 5.2.1. Plastic
- 5.2.2. Paper
- 5.3. Market Analysis, Insights and Forecast – By Product Type
- 5.3.1. Blisters
- 5.3.2. Clamshells
- 5.3.3. Trays & Lids
- 5.3.4. Films
- 5.3.5. Containers
- 5.3.6. Cups & Bowls
- 5.3.7. Others
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Food & Beverages
- 5.4.2. Pharmaceuticals
- 5.4.3. Personal Care & Cosmetics
- 5.4.4. Electrical & Electronics
- 5.4.5. Homecare & Toiletries
- 5.4.6. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Thermoform Packaging Market Analysis (USD Billion), Insights and Forecast, 2019-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Material
- 6.2.1. Plastic
- 6.2.2. Paper
- 6.3. Market Analysis, Insights and Forecast – By Product Type
- 6.3.1. Blisters
- 6.3.2. Clamshells
- 6.3.3. Trays & Lids
- 6.3.4. Films
- 6.3.5. Containers
- 6.3.6. Cups & Bowls
- 6.3.7. Others
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Food & Beverages
- 6.4.2. Pharmaceuticals
- 6.4.3. Personal Care & Cosmetics
- 6.4.4. Electrical & Electronics
- 6.4.5. Homecare & Toiletries
- 6.4.6. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S. Market Analysis, Insights and Forecast – By Application
- 6.5.1.1. Food & Beverages
- 6.5.1.2. Pharmaceuticals
- 6.5.1.3. Personal Care & Cosmetics
- 6.5.1.4. Electrical & Electronics
- 6.5.1.5. Homecare & Toiletries
- 6.5.1.6. Others
- 6.5.2. Canada Market Analysis, Insights and Forecast – By Application
- 6.5.2.1. Food & Beverages
- 6.5.2.2. Pharmaceuticals
- 6.5.2.3. Personal Care & Cosmetics
- 6.5.2.4. Electrical & Electronics
- 6.5.2.5. Homecare & Toiletries
- 6.5.2.6. Others
- 7. Europe Thermoform Packaging Market Analysis (USD Billion), Insights and Forecast, 2019-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Material
- 7.2.1. Plastic
- 7.2.2. Paper
- 7.3. Market Analysis, Insights and Forecast – By Product Type
- 7.3.1. Blisters
- 7.3.2. Clamshells
- 7.3.3. Trays & Lids
- 7.3.4. Films
- 7.3.5. Containers
- 7.3.6. Cups & Bowls
- 7.3.7. Others
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Food & Beverages
- 7.4.2. Pharmaceuticals
- 7.4.3. Personal Care & Cosmetics
- 7.4.4. Electrical & Electronics
- 7.4.5. Homecare & Toiletries
- 7.4.6. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. Germany Market Analysis, Insights and Forecast – By Application
- 7.5.1.1. Food & Beverages
- 7.5.1.2. Pharmaceuticals
- 7.5.1.3. Personal Care & Cosmetics
- 7.5.1.4. Electrical & Electronics
- 7.5.1.5. Homecare & Toiletries
- 7.5.1.6. Others
- 7.5.2. UK Market Analysis, Insights and Forecast – By Application
- 7.5.2.1. Food & Beverages
- 7.5.2.2. Pharmaceuticals
- 7.5.2.3. Personal Care & Cosmetics
- 7.5.2.4. Electrical & Electronics
- 7.5.2.5. Homecare & Toiletries
- 7.5.2.6. Others
- 7.5.3. France Market Analysis, Insights and Forecast – By Application
- 7.5.3.1. Food & Beverages
- 7.5.3.2. Pharmaceuticals
- 7.5.3.3. Personal Care & Cosmetics
- 7.5.3.4. Electrical & Electronics
- 7.5.3.5. Homecare & Toiletries
- 7.5.3.6. Others
- 7.5.4. Italy Market Analysis, Insights and Forecast – By Application
- 7.5.4.1. Food & Beverages
- 7.5.4.2. Pharmaceuticals
- 7.5.4.3. Personal Care & Cosmetics
- 7.5.4.4. Electrical & Electronics
- 7.5.4.5. Homecare & Toiletries
- 7.5.4.6. Others
- 7.5.5. Spain Market Analysis, Insights and Forecast – By Application
- 7.5.5.1. Food & Beverages
- 7.5.5.2. Pharmaceuticals
- 7.5.5.3. Personal Care & Cosmetics
- 7.5.5.4. Electrical & Electronics
- 7.5.5.5. Homecare & Toiletries
- 7.5.5.6. Others
- 7.5.6. Russia Market Analysis, Insights and Forecast – By Application
- 7.5.6.1. Food & Beverages
- 7.5.6.2. Pharmaceuticals
- 7.5.6.3. Personal Care & Cosmetics
- 7.5.6.4. Electrical & Electronics
- 7.5.6.5. Homecare & Toiletries
- 7.5.6.6. Others
- 7.5.7. Poland Market Analysis, Insights and Forecast – By Application
- 7.5.7.1. Food & Beverages
- 7.5.7.2. Pharmaceuticals
- 7.5.7.3. Personal Care & Cosmetics
- 7.5.7.4. Electrical & Electronics
- 7.5.7.5. Homecare & Toiletries
- 7.5.7.6. Others
- 7.5.8. Romania Market Analysis, Insights and Forecast – By Application
- 7.5.8.1. Food & Beverages
- 7.5.8.2. Pharmaceuticals
- 7.5.8.3. Personal Care & Cosmetics
- 7.5.8.4. Electrical & Electronics
- 7.5.8.5. Homecare & Toiletries
- 7.5.8.6. Others
- 7.5.9. Rest of Europe Market Analysis, Insights and Forecast – By Application
- 7.5.9.1. Food & Beverages
- 7.5.9.2. Pharmaceuticals
- 7.5.9.3. Personal Care & Cosmetics
- 7.5.9.4. Electrical & Electronics
- 7.5.9.5. Homecare & Toiletries
- 7.5.9.6. Others
- 8. Asia Pacific Thermoform Packaging Market Analysis (USD Billion), Insights and Forecast, 2019-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Material
- 8.2.1. Plastic
- 8.2.2. Paper
- 8.3. Market Analysis, Insights and Forecast – By Product Type
- 8.3.1. Blisters
- 8.3.2. Clamshells
- 8.3.3. Trays & Lids
- 8.3.4. Films
- 8.3.5. Containers
- 8.3.6. Cups & Bowls
- 8.3.7. Others
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Food & Beverages
- 8.4.2. Pharmaceuticals
- 8.4.3. Personal Care & Cosmetics
- 8.4.4. Electrical & Electronics
- 8.4.5. Homecare & Toiletries
- 8.4.6. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China Market Analysis, Insights and Forecast – By Application
- 8.5.1.1. Food & Beverages
- 8.5.1.2. Pharmaceuticals
- 8.5.1.3. Personal Care & Cosmetics
- 8.5.1.4. Electrical & Electronics
- 8.5.1.5. Homecare & Toiletries
- 8.5.1.6. Others
- 8.5.2. India Market Analysis, Insights and Forecast – By Application
- 8.5.2.1. Food & Beverages
- 8.5.2.2. Pharmaceuticals
- 8.5.2.3. Personal Care & Cosmetics
- 8.5.2.4. Electrical & Electronics
- 8.5.2.5. Homecare & Toiletries
- 8.5.2.6. Others
- 8.5.3. Japan Market Analysis, Insights and Forecast – By Application
- 8.5.3.1. Food & Beverages
- 8.5.3.2. Pharmaceuticals
- 8.5.3.3. Personal Care & Cosmetics
- 8.5.3.4. Electrical & Electronics
- 8.5.3.5. Homecare & Toiletries
- 8.5.3.6. Others
- 8.5.4. Australia Market Analysis, Insights and Forecast – By Application
- 8.5.4.1. Food & Beverages
- 8.5.4.2. Pharmaceuticals
- 8.5.4.3. Personal Care & Cosmetics
- 8.5.4.4. Electrical & Electronics
- 8.5.4.5. Homecare & Toiletries
- 8.5.4.6. Others
- 8.5.5. South Korea Market Analysis, Insights and Forecast – By Application
- 8.5.5.1. Food & Beverages
- 8.5.5.2. Pharmaceuticals
- 8.5.5.3. Personal Care & Cosmetics
- 8.5.5.4. Electrical & Electronics
- 8.5.5.5. Homecare & Toiletries
- 8.5.5.6. Others
- 8.5.6. Southeast Asia Market Analysis, Insights and Forecast – By Application
- 8.5.6.1. Food & Beverages
- 8.5.6.2. Pharmaceuticals
- 8.5.6.3. Personal Care & Cosmetics
- 8.5.6.4. Electrical & Electronics
- 8.5.6.5. Homecare & Toiletries
- 8.5.6.6. Others
- 8.5.7. Rest of Asia Pacific Market Analysis, Insights and Forecast – By Application
- 8.5.7.1. Food & Beverages
- 8.5.7.2. Pharmaceuticals
- 8.5.7.3. Personal Care & Cosmetics
- 8.5.7.4. Electrical & Electronics
- 8.5.7.5. Homecare & Toiletries
- 8.5.7.6. Others
- 9. Latin America Thermoform Packaging Market Analysis (USD Billion), Insights and Forecast, 2019-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Material
- 9.2.1. Plastic
- 9.2.2. Paper
- 9.3. Market Analysis, Insights and Forecast – By Product Type
- 9.3.1. Blisters
- 9.3.2. Clamshells
- 9.3.3. Trays & Lids
- 9.3.4. Films
- 9.3.5. Containers
- 9.3.6. Cups & Bowls
- 9.3.7. Others
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Food & Beverages
- 9.4.2. Pharmaceuticals
- 9.4.3. Personal Care & Cosmetics
- 9.4.4. Electrical & Electronics
- 9.4.5. Homecare & Toiletries
- 9.4.6. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil Market Analysis, Insights and Forecast – By Application
- 9.5.1.1. Food & Beverages
- 9.5.1.2. Pharmaceuticals
- 9.5.1.3. Personal Care & Cosmetics
- 9.5.1.4. Electrical & Electronics
- 9.5.1.5. Homecare & Toiletries
- 9.5.1.6. Others
- 9.5.2. Mexico Market Analysis, Insights and Forecast – By Application
- 9.5.2.1. Food & Beverages
- 9.5.2.2. Pharmaceuticals
- 9.5.2.3. Personal Care & Cosmetics
- 9.5.2.4. Electrical & Electronics
- 9.5.2.5. Homecare & Toiletries
- 9.5.2.6. Others
- 9.5.3. Argentina Market Analysis, Insights and Forecast – By Application
- 9.5.3.1. Food & Beverages
- 9.5.3.2. Pharmaceuticals
- 9.5.3.3. Personal Care & Cosmetics
- 9.5.3.4. Electrical & Electronics
- 9.5.3.5. Homecare & Toiletries
- 9.5.3.6. Others
- 9.5.4. Rest of Latin America Market Analysis, Insights and Forecast – By Application
- 9.5.4.1. Food & Beverages
- 9.5.4.2. Pharmaceuticals
- 9.5.4.3. Personal Care & Cosmetics
- 9.5.4.4. Electrical & Electronics
- 9.5.4.5. Homecare & Toiletries
- 9.5.4.6. Others
- 10. Middle East & Africa Thermoform Packaging Market Analysis (USD Billion), Insights and Forecast, 2019-2030
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Material
- 10.2.1. Plastic
- 10.2.2. Paper
- 10.3. Market Analysis, Insights and Forecast – By Product Type
- 10.3.1. Blisters
- 10.3.2. Clamshells
- 10.3.3. Trays & Lids
- 10.3.4. Films
- 10.3.5. Containers
- 10.3.6. Cups & Bowls
- 10.3.7. Others
- 10.4. Market Analysis, Insights and Forecast – By Application
- 10.4.1. Food & Beverages
- 10.4.2. Pharmaceuticals
- 10.4.3. Personal Care & Cosmetics
- 10.4.4. Electrical & Electronics
- 10.4.5. Homecare & Toiletries
- 10.4.6. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. Saudi Arabia Market Analysis, Insights and Forecast – By Application
- 10.5.1.1. Food & Beverages
- 10.5.1.2. Pharmaceuticals
- 10.5.1.3. Personal Care & Cosmetics
- 10.5.1.4. Electrical & Electronics
- 10.5.1.5. Homecare & Toiletries
- 10.5.1.6. Others
- 10.5.2. UAE Market Analysis, Insights and Forecast – By Application
- 10.5.2.1. Food & Beverages
- 10.5.2.2. Pharmaceuticals
- 10.5.2.3. Personal Care & Cosmetics
- 10.5.2.4. Electrical & Electronics
- 10.5.2.5. Homecare & Toiletries
- 10.5.2.6. Others
- 10.5.3. Oman Market Analysis, Insights and Forecast – By Application
- 10.5.3.1. Food & Beverages
- 10.5.3.2. Pharmaceuticals
- 10.5.3.3. Personal Care & Cosmetics
- 10.5.3.4. Electrical & Electronics
- 10.5.3.5. Homecare & Toiletries
- 10.5.3.6. Others
- 10.5.4. South Africa Market Analysis, Insights and Forecast – By Application
- 10.5.4.1. Food & Beverages
- 10.5.4.2. Pharmaceuticals
- 10.5.4.3. Personal Care & Cosmetics
- 10.5.4.4. Electrical & Electronics
- 10.5.4.5. Homecare & Toiletries
- 10.5.4.6. Others
- 10.5.5. Rest of Middle East & Africa Market Analysis, Insights and Forecast – By Application
- 10.5.5.1. Food & Beverages
- 10.5.5.2. Pharmaceuticals
- 10.5.5.3. Personal Care & Cosmetics
- 10.5.5.4. Electrical & Electronics
- 10.5.5.5. Homecare & Toiletries
- 10.5.5.6. Others
- 11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2022
- 11.2. Company Profile
- 11.2.1. Huhtamaki Oyj
- 11.2.1.1. Business Overview
- 11.2.1.2. Product & Service Offering
- 11.2.1.3. Financials
- 11.2.1.4. Recent Development
- 11.2.2. AFG Packaging
- 11.2.2.1. Business Overview
- 11.2.2.2. Product & Service Offering
- 11.2.2.3. Financials
- 11.2.2.4. Recent Development
- 11.2.3. CJK Packaging
- 11.2.3.1. Business Overview
- 11.2.3.2. Product & Service Offering
- 11.2.3.3. Financials
- 11.2.3.4. Recent Development
- 11.2.4. Amcor Plc
- 11.2.4.1. Business Overview
- 11.2.4.2. Product & Service Offering
- 11.2.4.3. Financials
- 11.2.4.4. Recent Development
- 11.2.5. Anchor Packaging
- 11.2.5.1. Business Overview
- 11.2.5.2. Product & Service Offering
- 11.2.5.3. Financials
- 11.2.5.4. Recent Development
- 11.2.6. Berry Global Inc.
- 11.2.6.1. Business Overview
- 11.2.6.2. Product & Service Offering
- 11.2.6.3. Financials
- 11.2.6.4. Recent Development
- 11.2.7. Sealed Air Corporation
- 11.2.7.1. Business Overview
- 11.2.7.2. Product & Service Offering
- 11.2.7.3. Financials
- 11.2.7.4. Recent Development
- 11.2.8. Sonoco Products Company
- 11.2.8.1. Business Overview
- 11.2.8.2. Product & Service Offering
- 11.2.8.3. Financials
- 11.2.8.4. Recent Development
- 11.2.9. Du Pont
- 11.2.9.1. Business Overview
- 11.2.9.2. Product & Service Offering
- 11.2.9.3. Financials
- 11.2.9.4. Recent Development
- 11.2.10. WestRock Company
- 11.2.10.1. Business Overview
- 11.2.10.2. Product & Service Offering
- 11.2.10.3. Financials
- 11.2.10.4. Recent Development
- 11.2.11. EasyPak
- 11.2.11.1. Business Overview
- 11.2.11.2. Product & Service Offering
- 11.2.11.3. Financials
- 11.2.11.4. Recent Development
- 11.2.12. DS Smith Plc
- 11.2.12.1. Business Overview
- 11.2.12.2. Product & Service Offering
- 11.2.12.3. Financials
- 11.2.12.4. Recent Development
- 11.2.13. Tekni-Plex Inc.
- 11.2.13.1. Business Overview
- 11.2.13.2. Product & Service Offering
- 11.2.13.3. Financials
- 11.2.13.4. Recent Development
- 11.2.14. Constantia Flexibles Group
- 11.2.14.1. Business Overview
- 11.2.14.2. Product & Service Offering
- 11.2.14.3. Financials
- 11.2.14.4. Recent Development
- 11.2.15. Display Pack Inc.
- 11.2.15.1. Business Overview
- 11.2.15.2. Product & Service Offering
- 11.2.15.3. Financials
- 11.2.15.4. Recent Development
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