Market Overview:
The global thermoforming plastic market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for food and beverage packaging, rising disposable income, and growing industrial sector. In terms of type, the vacuum formed segment is expected to lead the market during the forecast period owing to its properties such as high strength-to-weight ratio and impact resistance. In terms of application, food and drinks segment is projected to lead the market during 2018–2030 due its properties such as good barrier properties against gases, moisture, aromas etc.
Product Definition:
Thermoforming is a manufacturing process where a plastic sheet is heated to a pliable state and then formed into a desired shape by means of pressure and/or vacuum.
Vacuum Formed:
Vacuum formed or thermoformed plastic is a process of forming plastic material in which the molten polymer is forced into a mold under extremely low atmospheric pressure. The vacuum formed plastics have applications in food packaging, medical devices, and electrical components among others.
The global vacuum formed or thermoformed plastic market size was estimated at USD 32.5 billion in 2016.
Pressure Formed:
Pressure formed and thermoformed plastic are two different processes of making plastic parts. In the first process, the material is forced into a form by external pressure while in thermoforming process, heat is used to change shape of the polymer. Both these processes require high force but thermoforming requires less amount of heat as compared to pressure forming.
In recent years, there has been tremendous growth in demand for both forms as they have wide applications in food packaging.
Application Insights:
The food and drinks application segment led the global thermoforming plastic market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to factors such as growing demand for packaged foods, including ready-to-eat meals, snacks, frozen products among others; rising consumer preference for disposable products; and increasing focus on health & wellness among all age groups across the globe.
Industry was another key application area of thermoformed plastics in 2017. The growth can be attributed to factors such as rapid industrialization along with increasing production capacities at both domestic and international levels coupled with stringent environmental regulations regarding waste disposal has resulted in increased consumption of these materials within industry applications over recent years.
Other prominent applications include packaging (boxes, bags) and other general industrial goods (collapsible cups).
Regional Analysis:
North America was the leading revenue contributor in 2017. The region is expected to maintain its position over the forecast period. Increasing demand for thermoformed plastic packaging solutions from various end-use industries such as food and beverages, automotive, and others are anticipated to drive regional growth.
Asia Pacific is estimated to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization along with increasing consumer disposable income levels in emerging economies including China.
Europe also contributed significantly towards overall industry share in terms of volume due mainly expansionary economic policies adopted by European Union countries which has led them into adopting numerous reforms such as single market policy which has boosted trade among member states thereby driving product consumption across several industries especially food.
Growth Factors:
- Increasing demand from end-use industries such as automotive, packaging, and construction
- Growing popularity of thermoformed products among consumers
- Technological advancements in the manufacturing process of thermoforming plastics
- Rising disposable income and changing lifestyle trends
- Expansion of global trade
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoforming Plastic Market Research Report
By Type
Vacuum Formed, Pressure Formed, Mechanical Formed
By Application
Food and Drinks, Industry, Package, Other
By Companies
Fabri-Kal Corp., Berry Global Inc., Genpak LLC, Pactiv LLC, D&W Fine Pack LLC, Amcor Ltd., Dart Container Corp., Anchor Packaging, Sabert Corporation, Sonoco Products Company, Fabri-Kal Corp.
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
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Thermoforming Plastic Market Report Segments:
The global Thermoforming Plastic market is segmented on the basis of:
Types
Vacuum Formed, Pressure Formed, Mechanical Formed
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 and Drinks, Industry, Package, Other
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:
- Fabri-Kal Corp.
- Berry Global Inc.
- Genpak LLC
- Pactiv LLC
- D&W Fine Pack LLC
- Amcor Ltd.
- Dart Container Corp.
- Anchor Packaging
- Sabert Corporation
- Sonoco Products Company
- Fabri-Kal Corp.
Highlights of The Thermoforming Plastic 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:
- Vacuum Formed
- Pressure Formed
- Mechanical Formed
- By Application:
- Food and Drinks
- Industry
- Package
- Other
- 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 Thermoforming Plastic 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Thermoforming is a manufacturing process that uses heat and pressure to form plastic objects from a liquid or molten material. The object is then cooled, usually by water, to the desired shape.
Some of the major players in the thermoforming plastic market are Fabri-Kal Corp., Berry Global Inc., Genpak LLC, Pactiv LLC, D&W Fine Pack LLC, Amcor Ltd., Dart Container Corp., Anchor Packaging, Sabert Corporation, Sonoco Products Company, Fabri-Kal Corp..
The thermoforming plastic 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 Thermoforming Plastic 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 Thermoforming Plastic Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermoforming Plastic 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 Thermoforming Plastic 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 Thermoforming Plastic Market Size & Forecast, 2018-2028
4.5.1 Thermoforming Plastic Market Size and Y-o-Y Growth
4.5.2 Thermoforming Plastic Market Absolute $ Opportunity
Chapter 5 Global Thermoforming Plastic 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 Thermoforming Plastic Market Size Forecast by Type
5.2.1 Vacuum Formed
5.2.2 Pressure Formed
5.2.3 Mechanical Formed
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thermoforming Plastic 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 Thermoforming Plastic Market Size Forecast by Applications
6.2.1 Food and Drinks
6.2.2 Industry
6.2.3 Package
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermoforming Plastic 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 Thermoforming Plastic 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 Thermoforming Plastic Analysis and Forecast
9.1 Introduction
9.2 North America Thermoforming Plastic 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 Thermoforming Plastic Market Size Forecast by Type
9.6.1 Vacuum Formed
9.6.2 Pressure Formed
9.6.3 Mechanical Formed
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 Thermoforming Plastic Market Size Forecast by Applications
9.10.1 Food and Drinks
9.10.2 Industry
9.10.3 Package
9.10.4 Other
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 Thermoforming Plastic Analysis and Forecast
10.1 Introduction
10.2 Europe Thermoforming Plastic 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 Thermoforming Plastic Market Size Forecast by Type
10.6.1 Vacuum Formed
10.6.2 Pressure Formed
10.6.3 Mechanical Formed
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 Thermoforming Plastic Market Size Forecast by Applications
10.10.1 Food and Drinks
10.10.2 Industry
10.10.3 Package
10.10.4 Other
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 Thermoforming Plastic Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thermoforming Plastic 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 Thermoforming Plastic Market Size Forecast by Type
11.6.1 Vacuum Formed
11.6.2 Pressure Formed
11.6.3 Mechanical Formed
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 Thermoforming Plastic Market Size Forecast by Applications
11.10.1 Food and Drinks
11.10.2 Industry
11.10.3 Package
11.10.4 Other
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 Thermoforming Plastic Analysis and Forecast
12.1 Introduction
12.2 Latin America Thermoforming Plastic 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 Thermoforming Plastic Market Size Forecast by Type
12.6.1 Vacuum Formed
12.6.2 Pressure Formed
12.6.3 Mechanical Formed
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 Thermoforming Plastic Market Size Forecast by Applications
12.10.1 Food and Drinks
12.10.2 Industry
12.10.3 Package
12.10.4 Other
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) Thermoforming Plastic Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thermoforming Plastic 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) Thermoforming Plastic Market Size Forecast by Type
13.6.1 Vacuum Formed
13.6.2 Pressure Formed
13.6.3 Mechanical Formed
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) Thermoforming Plastic Market Size Forecast by Applications
13.10.1 Food and Drinks
13.10.2 Industry
13.10.3 Package
13.10.4 Other
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 Thermoforming Plastic Market: Competitive Dashboard
14.2 Global Thermoforming Plastic Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fabri-Kal Corp.
14.3.2 Berry Global Inc.
14.3.3 Genpak LLC
14.3.4 Pactiv LLC
14.3.5 D&W Fine Pack LLC
14.3.6 Amcor Ltd.
14.3.7 Dart Container Corp.
14.3.8 Anchor Packaging
14.3.9 Sabert Corporation
14.3.10 Sonoco Products Company
14.3.11 Fabri-Kal Corp.
