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Global Thermoformed Plastics Market 2016-2020

Global Thermoformed Plastics Market 2016-2020

About Thermoformed Plastic Products

Thermoformed plastic products are produced in bulk by heating a plastic sheet to bendable form, shaping it into the required design, and then cooling it. The cooled product is trimmed to get the required usable end-product.

Technavio’s analysts forecast the global thermoformed plastics market to grow at a CAGR of 4.87% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the Global Thermoformed Plastics Market for 2016-2020. To calculate the market size, the report presents the vendor landscape and corresponding detailed profiles of the five prominent vendors operating in the market.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Thermoformed Plastics 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
  • Pactiv
  • Peninsula Packaging
  • Placon
  • Sonoco
Other prominent vendors
  • Brentwood Industries
  • Genpak
  • Greiner Packaging
  • Silgan Holdings
  • Spencer Industries
  • PolyOne
  • Wilbert Plastic Services
Market driver
  • Growing demand for thin-walled packaging products
  • 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 prominence of 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 Plastics Market 2016-2020

Technavio recognizes the following companies as the key players in the global thermoformed plastics market: Anchor Packaging, Pactiv, Peninsula Packaging, Placon, and Sonoco.

Other Prominent Vendors in the market are: Brentwood Industries, Genpak, Greiner Packaging, Silgan Holdings, Spencer Industries, PolyOne, and Wilbert Plastic Services.

Commenting on the report, an analyst from Technavio’s team said: “Replacement of metals in electronics industry will be a key trend for market growth. The rise in living standards globally has led to the rapid growth of the electronics industry. Therefore, the consumption of thermoformed plastics in this segment is anticipated to grow during the forecast period. There has been an increase in the use of plastics in place of metals and conventional materials for manufacturing various electronics equipment like switch boards and switch casings. This is because of the various benefits of thermoformed plastics over metals. The global thermoformed plastics market is expected to benefit from the increase in the use of plastics replacing metals in the electronics industry, during the forecast period.”

According to the report, increasing global construction spending will be a key driver for market growth. During 2012-2015, there has been a significant increase in the construction spending in many nations across the world. This is attributable to the growing per capita income and rising standards of living in emerging economies, especially those in APAC and MEA. Thermoformed plastics act as a barrier for moisture in buildings during construction activities, thereby increasing the consumption of thermoformed plastics. The exhibit below provides the current scenario of the construction industry across the prime regions.

Further, the report states that non-uniform thickness of thermoformed plastic products affects its robustness and weight-bearing capacity. Therefore, industrial customers are looking for other manufacturing processes such as injection molding. Manufacturers in the global thermoformed plastics market will have to avoid these flaws arising from the thermoforming process to maintain their profitability. The plastic injection molding might act as a substitute in manufacturing high volumes and in producing complex designs that are not possible through thermoforming. The growing prominence of such substitutes is foreseen to pose a challenge for the market growth.

Companies Mentioned

Anchor Packaging, Pactiv, Peninsula Packaging, Placon, Sonoco, Brentwood Industries, Genpak, Greiner Packaging, Silgan Holdings, Spencer Industries, PolyOne, Wilbert Plastic Services.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Global thermoformed plastics market
      • Table Global thermoformed plastics market by product type
      • Table Global thermoformed plastics market by application
      • Table Global thermoformed plastics market by geography
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Outlook
  • Market landscape
    • Market size and forecast
      • Table Global thermoformed plastics market 2015-2020 (millions of metric tons)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Global thermoformed plastics by product type
      • Table Global thermoformed plastics by product type 2015
  • Market segmentation by application
    • Global thermoformed plastics by application
      • Table Global thermoformed plastics market by application 2015
      • Table Global thermoformed plastics market by application 2020
    • Global thermoformed plastics market in food packaging segment
      • Table Global thermoformed plastics market in food packaging segment 2015-2020 (millions of metric tons)
    • Global thermoformed plastics market in medical appliances segment
      • Table Global thermoformed plastics market in medical appliances segment 2015-2020 (thousands of metric tons)
    • Global thermoformed plastics market in consumer and commercial products segment
      • Table Global thermoformed plastics market in consumer and commercial products segment 2015-2020 (thousands of metric tons)
    • Global thermoformed plastics market in healthcare packaging segment
      • Table Global thermoformed plastics market in healthcare packaging segment 2015-2020 (thousands of metric tons)
    • Global thermoformed plastics market in electrical and electronics segment
      • Table Global thermoformed plastics market in electrical and electronics segment 2015-2020 (thousands of metric tons)
    • Global thermoformed plastics market in construction segment
      • Table Global thermoformed plastics market in construction segment 2015-2020 (thousands of metric tons)
    • Global thermoformed plastics market in automotive segment
      • Table Global thermoformed plastics market in automotive segment 2015-2020 (thousands of metric tons)
  • Market segmentation by geography
    • Global thermoformed plastics market by geography
      • Table Global thermoformed plastics market by geography
    • Thermoformed plastics market in Americas
      • Table Thermoformed plastics market in Americas 2015-2020 (millions of metric tons)
    • Thermoformed plastics market in APAC
      • Table Thermoformed plastics market in APAC 2015-2020 (thousands of metric tons)
    • Thermoformed plastics market in EMEA
      • Table Thermoformed plastics market in EMEA 2015-2020 (millions of metric tons)
  • Market drivers
    • Use of thermoformed plastics in food and healthcare packaging
      • Table Global packaging industry 2015-2020 ($ billions)
    • Growing demand for thin-walled packaging products
    • Increased global construction spending
      • Table Construction industry and its scenario across prime regions 2015
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High threat from alternative manufacturing process
    • Volatile prices of resin and petroleum products
      • Table Average annual crude oil prices 2010-2015 ($ per barrel)
    • High cost of labor
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing prominence of lightweight packaging products
    • Emergence of bioplastics in the automotive industry
    • Replacement of metals in electronics industry
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
    • Buying criteria
      • Table Buying criteria
  • Key vendor analysis
    • Anchor Packaging
      • Table Anchor Packaging: Product segmentation
    • Pactiv
      • Table Pactiv: Product segmentation by revenue 2015
      • Table Pactiv: Revenue segmentation by geography 2015
    • Peninsula Packaging
      • Table Peninsula Packaging: Product segmentation
    • Placon
      • Table Placon: Product segmentation
    • Sonoco
      • Table Sonoco: Business segmentation by revenue 2015
      • Table Sonoco: Revenue segmentation by geography 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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