Market Overview:
The global thermoformed tubs market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for food & beverage packaging, electronics packaging, pharmaceuticals packaging and healthcare products packaging. In addition, the growing trend of personal care & cosmetics products is also contributing to the growth of this market. Based on type, the global thermoformed tubs market can be segmented into polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS), polyvinyl chloride (PVC) and ethyl vinyl alcohol (EVOH). Polyethylene is expected to account for a major share of this market in terms of volume during the forecast period. This can be attributed to its properties such as high strength-to-weight ratio, toughness and chemical resistance.
Product Definition:
Thermoformed Tubs are plastic containers that are molded to fit a specific product. The importance of Thermoformed Tubs is that they provide an efficient and cost effective way to package products.
Polyethylene (PE):
Polyethylene (PE) is a widely used thermoplastic polymer in the food packaging industry. It offers several unique properties such as high strength, excellent clarity, and low moisture absorption which make it ideal for use in thermoformed tubs. The global market for polyethylene is expected to grow at a significant rate owing to its increasing demand from various end-use industries including food & beverage and pharmaceutical packaging among others.
Polyethylene terephthalate (PET):
PET is a thermoplastic polymer that is primarily used to produce bottles and containers. It offers several beneficial properties such as excellent resistance to solvents, acids, and bases; high strength; transparency; heat stability up to 200oC (melting point); light transmission up to 400-450 nm (UV light); low density & lightweight along with the ability of the material not get brittle even at very high temperatures.
Application Insights:
The food and beverages application segment led the global thermoformed tubs market in 2017. The increasing demand for packaged food products is expected to be a major factor driving the growth of this segment over the forecast period. In addition, rising demand for frozen foods and expanding retail networks are expected to propel industry growth over the coming years.
In terms of revenue, healthcare application was valued at USD 1.5 billion in 2017 owing to an increase in medical tourism due to various benefits provided by countries such as India, Thailand and China under regional development schemes supported by governments across different regions including Asia Pacific, North America.
Regional Analysis:
North America dominated the global thermoformed tubs market in 2017. The growth of this region can be attributed to increasing demand for convenient and easy-to-use products from consumers, along with growing demand for disposable plastics in packaging applications. North America is also one of the largest producers and exporters of food & beverages, electronics, pharmaceuticals, personal care & cosmetics globally.
The Asia Pacific is expected to witness significant growth over the forecast period owing to rapid urbanization coupled with rising consumer disposable income levels in emerging economies such as China and India. Growing investments by multinational companies such as Toyota Industries Corporation are anticipated to boost product consumption across industries including automotive, construction materials (residential), electrical & electronics among others over the next eight years.
Growth Factors:
- Increasing demand from the food and beverage industry for packaging of products in thermoformed tubs.
- Rising demand for convenience foods, which are typically packed in thermoformed tubs.
- Growing popularity of ready-to-eat meals, which are also packaged in thermoformed tubs.
- Increasing use of plastic as a packaging material due to its properties such as durability and resistance to moisture and contamination.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoformed Tubs Market Research Report
By Type
Polyethylene (PE), Polyethylene terephthalate (PET), Polypropylene (PP), Polystyrene (PS), Polyvinyl Chloride (PVC), Ethyl Vinyl Alcohol (EVOH), Others
By Application
Food & Beverages, Electronics, Pharmaceuticals, Healthcare, Personal Care & Cosmetics, Others
By Companies
Silgan Holdings, Astrapak, Universal Plastics, Shepherd Thermoforming & Packaging, Lucky Time Pack Material, Greiner Packaging, Tengyue Display, Swellder Electronics Technology, Plast-Pack, Ditai Plastic Products, STM Plastics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Thermoformed Tubs Market Report Segments:
The global Thermoformed Tubs market is segmented on the basis of:
Types
Polyethylene (PE), Polyethylene terephthalate (PET), Polypropylene (PP), Polystyrene (PS), Polyvinyl Chloride (PVC), Ethyl Vinyl Alcohol (EVOH), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverages, Electronics, Pharmaceuticals, Healthcare, Personal Care & Cosmetics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Silgan Holdings
- Astrapak
- Universal Plastics
- Shepherd Thermoforming & Packaging
- Lucky Time Pack Material
- Greiner Packaging
- Tengyue Display
- Swellder Electronics Technology
- Plast-Pack
- Ditai Plastic Products
- STM Plastics
Highlights of The Thermoformed Tubs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polyethylene (PE)
- Polyethylene terephthalate (PET)
- Polypropylene (PP)
- Polystyrene (PS)
- Polyvinyl Chloride (PVC)
- Ethyl Vinyl Alcohol (EVOH)
- Others
- By Application:
- Food & Beverages
- Electronics
- Pharmaceuticals
- Healthcare
- Personal Care & Cosmetics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermoformed Tubs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermoformed tubs are made from a thermoplastic material that is heated until it becomes soft and then formed into the desired shape. This type of tub is often used for hot water baths, spas, and other types of bathing facilities.
Some of the major companies in the thermoformed tubs market are Silgan Holdings, Astrapak, Universal Plastics, Shepherd Thermoforming & Packaging, Lucky Time Pack Material, Greiner Packaging, Tengyue Display, Swellder Electronics Technology, Plast-Pack, Ditai Plastic Products, STM Plastics.
The thermoformed tubs market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermoformed Tubs Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thermoformed Tubs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermoformed Tubs Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thermoformed Tubs Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thermoformed Tubs Market Size & Forecast, 2018-2028
4.5.1 Thermoformed Tubs Market Size and Y-o-Y Growth
4.5.2 Thermoformed Tubs Market Absolute $ Opportunity
Chapter 5 Global Thermoformed Tubs Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Thermoformed Tubs Market Size Forecast by Type
5.2.1 Polyethylene (PE)
5.2.2 Polyethylene terephthalate (PET)
5.2.3 Polypropylene (PP)
5.2.4 Polystyrene (PS)
5.2.5 Polyvinyl Chloride (PVC)
5.2.6 Ethyl Vinyl Alcohol (EVOH)
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thermoformed Tubs Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Thermoformed Tubs Market Size Forecast by Applications
6.2.1 Food & Beverages
6.2.2 Electronics
6.2.3 Pharmaceuticals
6.2.4 Healthcare
6.2.5 Personal Care & Cosmetics
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermoformed Tubs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermoformed Tubs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Thermoformed Tubs Analysis and Forecast
9.1 Introduction
9.2 North America Thermoformed Tubs Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Thermoformed Tubs Market Size Forecast by Type
9.6.1 Polyethylene (PE)
9.6.2 Polyethylene terephthalate (PET)
9.6.3 Polypropylene (PP)
9.6.4 Polystyrene (PS)
9.6.5 Polyvinyl Chloride (PVC)
9.6.6 Ethyl Vinyl Alcohol (EVOH)
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Thermoformed Tubs Market Size Forecast by Applications
9.10.1 Food & Beverages
9.10.2 Electronics
9.10.3 Pharmaceuticals
9.10.4 Healthcare
9.10.5 Personal Care & Cosmetics
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Thermoformed Tubs Analysis and Forecast
10.1 Introduction
10.2 Europe Thermoformed Tubs Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Thermoformed Tubs Market Size Forecast by Type
10.6.1 Polyethylene (PE)
10.6.2 Polyethylene terephthalate (PET)
10.6.3 Polypropylene (PP)
10.6.4 Polystyrene (PS)
10.6.5 Polyvinyl Chloride (PVC)
10.6.6 Ethyl Vinyl Alcohol (EVOH)
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Thermoformed Tubs Market Size Forecast by Applications
10.10.1 Food & Beverages
10.10.2 Electronics
10.10.3 Pharmaceuticals
10.10.4 Healthcare
10.10.5 Personal Care & Cosmetics
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Thermoformed Tubs Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thermoformed Tubs Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Thermoformed Tubs Market Size Forecast by Type
11.6.1 Polyethylene (PE)
11.6.2 Polyethylene terephthalate (PET)
11.6.3 Polypropylene (PP)
11.6.4 Polystyrene (PS)
11.6.5 Polyvinyl Chloride (PVC)
11.6.6 Ethyl Vinyl Alcohol (EVOH)
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Thermoformed Tubs Market Size Forecast by Applications
11.10.1 Food & Beverages
11.10.2 Electronics
11.10.3 Pharmaceuticals
11.10.4 Healthcare
11.10.5 Personal Care & Cosmetics
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Thermoformed Tubs Analysis and Forecast
12.1 Introduction
12.2 Latin America Thermoformed Tubs Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Thermoformed Tubs Market Size Forecast by Type
12.6.1 Polyethylene (PE)
12.6.2 Polyethylene terephthalate (PET)
12.6.3 Polypropylene (PP)
12.6.4 Polystyrene (PS)
12.6.5 Polyvinyl Chloride (PVC)
12.6.6 Ethyl Vinyl Alcohol (EVOH)
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Thermoformed Tubs Market Size Forecast by Applications
12.10.1 Food & Beverages
12.10.2 Electronics
12.10.3 Pharmaceuticals
12.10.4 Healthcare
12.10.5 Personal Care & Cosmetics
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Thermoformed Tubs Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thermoformed Tubs Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Thermoformed Tubs Market Size Forecast by Type
13.6.1 Polyethylene (PE)
13.6.2 Polyethylene terephthalate (PET)
13.6.3 Polypropylene (PP)
13.6.4 Polystyrene (PS)
13.6.5 Polyvinyl Chloride (PVC)
13.6.6 Ethyl Vinyl Alcohol (EVOH)
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Thermoformed Tubs Market Size Forecast by Applications
13.10.1 Food & Beverages
13.10.2 Electronics
13.10.3 Pharmaceuticals
13.10.4 Healthcare
13.10.5 Personal Care & Cosmetics
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thermoformed Tubs Market: Competitive Dashboard
14.2 Global Thermoformed Tubs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Silgan Holdings
14.3.2 Astrapak
14.3.3 Universal Plastics
14.3.4 Shepherd Thermoforming & Packaging
14.3.5 Lucky Time Pack Material
14.3.6 Greiner Packaging
14.3.7 Tengyue Display
14.3.8 Swellder Electronics Technology
14.3.9 Plast-Pack
14.3.10 Ditai Plastic Products
14.3.11 STM Plastics
