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Global Thermoformed Packaging Market 2016-2020

Global Thermoformed Packaging Market 2016-2020

About Thermoformed Packaging

Polyethylene terephthalate (PET), polyvinyl chloride (PVC), and acrylonitrile butadiene styrene (ABS) are the primary raw materials used for thermoformed packaging. Polylactic acid (PLA) is also being used by many thermoformed packaging manufacturers as it is easier to print on PLA thermoformed packages.

Technavio’s analysts forecast the global thermoformed packaging market to grow at a CAGR of 5.02% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global thermoformed packaging market for 2016-2020. To calculate the market size, the report considers the revenue generated by packaging vendors through the sales of packaging solutions for different goods.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
Technavio's report, Global Thermoformed Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Anchor Packaging
  • Bemis
  • RPC
  • Sealed Air
  • Silgan
  • Sonoco Plastics
Other prominent vendors
  • Genpak
  • Greiner Packaging
  • Pactiv
  • Placon
Market driver
  • Use of thermoformed packaging in thin-walled containers.
  • For a full, detailed list, view our report
Market challenge
  • Volatile prices of resin and petroleum products.
  • For a full, detailed list, view our report
Market trend
  • Growing trends toward lightweight packaging products.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Thermoformed Packaging Market 2016-2020

Technavio recognizes the following companies as the key players in the global thermoformed packaging market: Anchor Packaging, Bemis, RPC, Sealed Air, Silgan, and Sonoco Plastics.

Other prominent vendors in the market are: Genpak, Greiner Packaging, Pactiv, and Placon.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is increasing use of PLA films in thermoforming. PLA films used in thermoforming packaging are highly transparent and glossy, which is the main characteristic most manufacturers look for in thermoformed packaging. PLA films exhibit high tensile strength in comparison with other films like PET and PVC. Due to its intrinsic high value of surface tension, which ranges between 36 mN/m to 38 mN/m, PLA is easily printable. Tray manufactured through thermoformed process using PLA films shows high sealability at temperatures much lower than that with other films.”

According to the report, one of the primary drivers in the market is use of thermoformed packaging in thin-walled containers. Thermoformed packaging is used mainly for products that have limited depth of draw and materials that have a sheet thickness of less than 1 mm. Thin-walled containers include disposable food containers and cups, lightweight trays, and packaging for consumer goods. In thermoforming, the cost of thermoformed machine tools is much less compared with injection molding tools. The cost of thermoformed machines is $35,000 per piece. On the other hand, injection molding machine costs $22,500.There is a growing demand for thin-walled cups, tubs, and containers for packaged food. Thermoforming process brings down the wall thickness and weight of the cup to a minimum possible limit and provides high impact and stiffness properties. Thin-walled packaging through thermoforming process results in energy saving by 30%, and there is very less material loss.

Further, the report states that one major challenge in the market is adverse impacts of PVC films. PVC accounts for 32% of the total raw material that is used for thermoformed packaging. Though it has high barrier properties and is water and moisture ingress, PVC films have a negative impact on the environment. In the US, seven billion pounds of PVC material and films are discarded every year. PVC disposal is known to be the largest source of dioxin-forming chlorine and phthalates in solid waste and a major source of lead, organotin, and cadmium, which poses serious threats to individual health and to the environment.



Companies Mentioned

Anchor Packaging, Bemis, RPC, Sealed Air, Silgan, Sonoco Plastics, Genpak, Greiner Packaging, Pactiv, Placon.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Major vendors in global thermoformed packaging market
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Global Thermoformed packaging market
      • Table Global thermoformed packaging market 2016-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by raw materials
    • Global thermoformed packaging market by raw materials
      • Table Global thermoformed packaging market by raw materials 2015 (revenue %)
      • Table Global thermoformed packaging market by raw material 2016 (revenue %)
      • Table Global thermoformed packaging market by raw material 2015-2020 ($ billions)
    • Global thermoformed packaging market by PET
      • Table Global thermoformed packaging market by PET ($ billions)
      • Table Energy requirement to produce thermoformed plastic containers
    • Global thermoformed packaging market by PVC
      • Table Global thermoformed packaging market by PVC 2015-2020 ($ billions)
    • Global thermoformed packaging market by ABS
      • Table Global thermoformed packaging by ABS 2015-2020 ($ billions)
    • Global thermoformed packaging market by other raw materials
      • Table Global thermoformed packaging market by other raw materials 2015-2020 ($ billions)
  • Geographic segmentation
    • Global thermoformed packaging market by geography
      • Table Global thermoformed packaging market by geography 2015 and 2020 (% revenue)
      • Table Global thermoformed packaging market by geography 2016-2020 ($ billions)
    • Thermoformed packaging market in North America
      • Table Thermoformed packaging market in North America 2016-2020 ($ billions)
    • Thermoformed packaging market in Europe
      • Table Thermoformed packaging market in Europe 2016-2020 ($ billions)
    • Thermoformed packaging market in APAC
      • Table Thermoformed packaging market in APAC 2016-2020 ($ billions)
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
      • Table Key performance indicators of vendors
    • Anchor Packaging
    • Bemis
      • Table Bemis: Business segmentation by revenue 2014
      • Table Bemis: Geographical segmentation by revenue 2014
    • RPC
      • Table RPC: Business segmentation by revenue 2015
      • Table RPC: Geographical segmentation by revenue 2015
    • Sealed Air
      • Table Sealed Air: Business segmentation by revenue 2015
      • Table Sealed Air: Geographical segmentation by revenue 2015
    • Silgan
      • Table Silgan: Business segmentation by revenue 2015
      • Table Silgan: Geographical segmentation by revenue 2015
    • Sonoco Plastics
      • Table Sonoco Plastics: Business segmentation by revenue 2015
      • Table Sonoco Plastics: Geographical segmentation by revenue 2015
      • Table Conitex Sonoco Plastics: Product segmentation
    • Other Prominent Vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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