Global Thermoformed Plastics Market 2019-2023

Global Thermoformed Plastics Market 2019-2023

About this market

The growing demand for thermoformed plastics from the food packaging industry is one of the critical reasons that will drive the thermoformed plastics market. Thermoformed plastics are not only used to manufacture trays, cups, clamshells, and containers but also tri-fold packs and blister packs. These plastics are manufactured using polystyrene, PET, and polypropylene. The global packaging industry will continue to adopt thermoformed plastics as they are flexible and increase the shelf life of packaged foods and have high corrosion resistance, performance, and durability. The increasing consumption of food and beverages and the rising population will further drive the growth of the market during the forecast period. Technavio’s analysts have predicted that the thermoformed plastics market will register a CAGR of over 4% by 2023.

Market Overview

The rise in demand from the food packaging industry

One of the growth drivers of the global thermoformed plastics market is the rise in demand from the food packaging industry. Thermoformed plastics are widely used for packaging F&B, which is expected to drive the growth of the global thermoformed plastics market during the forecast period.

Volatility in raw material prices

One of the challenges in the growth of the global thermoformed plastics market is the volatility in raw material prices. Fluctuations in crude oil prices adversely affect the prices of fractional petroleum products and the production cost of thermoformed plastics.

For the detailed list of factors that will drive and challenge the growth of the thermoformed plastics market during 2019-2023, view our report.

Competitive Landscape

The market appears to be highly fragmented and with the presence of several market players. Various vehicle manufacturers are increasingly focusing on light-weighting vehicles due to regulatory bodies such as the EPA and the EU implement stringent regulations on fuel emissions. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global petrochemicals market
      • Table Segments of global petrochemicals market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Some advantages of thermoformed plastics
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 (thousand t)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Food packaging - Market size and forecast 2018-2023
      • Table Food packaging - Market size and forecast 2018-2023 (thousand t)
      • Table Food packaging - Year-over-year growth 2019-2023 (%)
    • Consumer products - Market size and forecast 2018-2023
      • Table Consumer products - Market size and forecast 2018-2023 (thousand t)
      • Table Consumer products - Year-over-year growth 2019-2023 (%)
    • Medical - Market size and forecast 2018-2023
      • Table Medical - Market size and forecast 2018-2023 (thousand t)
      • Table Medical - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 (thousand t)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 (thousand t)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 (thousand t)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 (thousand t)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 (thousand t)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 (thousand t)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Crude oil prices 2010-2017 (dollars per barrel)
      • Table Impact of drivers and challenges
  • Market trends
    • Use of recycled plastics in thermoform packaging applications
    • Increase in R&D activities
    • Stringent automobile fuel emission standards
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Berry Global Inc.
      • Table Berry Global Inc. - Vendor overview
      • Table Berry Global Inc. - Business segments
      • Table Berry Global Inc. - Organizational developments
      • Table Berry Global Inc. - Geographic focus
      • Table Berry Global Inc. - Segment focus
      • Table Berry Global Inc. - Key offerings
    • D&W Fine Pack
      • Table D&W Fine Pack - Vendor overview
      • Table D&W Fine Pack - Product segments
      • Table D&W Fine Pack - Organizational developments
      • Table D&W Fine Pack - Key offerings
    • Dart Container Corporation
      • Table Dart Container Corporation - Vendor overview
      • Table Dart Container Corporation - Product segments
      • Table Dart Container Corporation - Organizational developments
      • Table Dart Container Corporation - Key offerings
    • Reynolds Group Holdings Limited
      • Table Reynolds Group Holdings Limited - Vendor overview
      • Table Reynolds Group Holdings Limited - Business segments
      • Table Reynolds Group Holdings Limited - Geographic focus
      • Table Reynolds Group Holdings Limited - Segment focus
      • Table Reynolds Group Holdings Limited - Key offerings
    • Sonoco Products Company
      • Table Sonoco Products Company - Vendor overview
      • Table Sonoco Products Company - Business segments
      • Table Sonoco Products Company - Organizational developments
      • Table Sonoco Products Company - Geographic focus
      • Table Sonoco Products Company - Segment focus
      • Table Sonoco Products Company - Key offerings
    • The Jim Pattison Group
      • Table The Jim Pattison Group - Vendor overview
      • Table The Jim Pattison Group - Business segments
      • Table The Jim Pattison Group - Organizational developments
      • Table The Jim Pattison Group - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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