Market Overview:
The global thermoformed food containers market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for lightweight and durable food containers from retail and food service sectors. In addition, the growing trend of ready-to-eat meals is also propelling the demand for thermoformed food containers globally. Based on type, polyethylene accounted for the largest share in 2017 and is projected to maintain its dominance during the forecast period. Polypropylene is expected to be the fastest growing type segment due to its properties such as high heat resistance, durability, and chemical resistance. Based on application, retail sector dominated in 2017 and is projected to grow at a CAGR of 6% during 2018-2030 owing to rising demand from hypermarkets/supermarkets chains across regions.
Product Definition:
A thermoformed food container is a type of container made from plastic that is heated and then molded to shape. Thermoformed food containers are often used for packaging take-out food. They are lightweight, durable, and can be customized to fit a variety of shapes and sizes.
Polyethylene:
Polyethylene (PE) is a widely used plastic in the food container industry. It offers several advantages over other plastics such as high strength, excellent clarity, and low cost among others. PE is also known as HDPE which stands for High-Density Polyethylene.
Polypropylene:
Polypropylene (PP) is a thermoplastic polymer. It is produced from the reaction of propylene and ethylene. Polypropylene has high resistance to heat, chemicals, and light; it also has excellent mechanical properties such as strength, stiffness, dimensional stability under pressure etc. PP containers are used for packaging various food products such as meat & poultry products; seafood & dry goods; fresh produce; dairy items etc.
Application Insights:
The retail application segment accounted for the largest revenue share of over 50% in 2017. The demand from the retail sector is expected to be driven by growing e-commerce activities and increasing consumer disposable income levels across developing countries including India, China, Brazil etc. Thermoformed food containers are widely used in restaurants, hotels and other food service industries as they offer cost-effective packaging solutions while maintaining hygiene standards.
The product is witnessing significant adoption in the healthcare industry owing to its ability to meet stringent safety requirements (such as barrier against bacteria & viruses) without additional equipment or machinery needed for processing or handling food products. In addition, thermoformed containers help reduce shrinkage due to exposure to cold temperatures which further aids their adoption across this end-use industry vertical.
Other applications include personal care products such as cosmetics.
Regional Analysis:
North America dominated the global thermoformed food containers market in 2016 with more than 35.0% share of the total revenue. The U.S., being a developed economy, has witnessed significant growth in recent years owing to increasing demand for convenience foods and ready-to-eat meals from consumers, particularly working class people living in urban areas.
Growth Factors:
- Increasing demand for convenience foods: The growing trend of busy lifestyles has led to an increase in the demand for convenient foods that can be easily prepared and consumed on the go. Thermoformed food containers are ideal for packaging such as sandwiches, salads, fruits, and snacks due to their lightweight and compact design. This makes them a popular choice among consumers looking for quick and easy meal options.
- Rising popularity of takeout food: The takeout food industry is booming, with restaurants offering a wide variety of cuisines to choose from. Thermoformed food containers are well-suited for packing takeaway meals as they are durable and leak-proof. They also help keep the food warm or cold until it is ready to be eaten.
- Growing trend of eco-friendly packaging: Consumers are increasingly becoming aware of the importance of sustainable living practices and are looking for products that come packaged in environmentally friendly materials such as biodegradable plastics made from plant starch or cellulose fibers derived from wood pulp or cotton linters . Thermoformed plastic containers made from biodegradable materials fit this requirement perfectly and help reduce landfill waste .
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoformed Food Containers Market Research Report
By Type
Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Others
By Application
Retails, Food Services, Otehrs
By Companies
Sonoco Products, DS Smith, Amcor, Placon, Huhtamaki, Winpak, Silgan Holdings, Pactiv LLC, Berry Global Group, Paccor, Thrace Group, Anchor Packaging, Universal Plastics, Dordan Manufacturing, Tray Pak Corporation, Lindar Corporation
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Thermoformed Food Containers Market Report Segments:
The global Thermoformed Food Containers market is segmented on the basis of:
Types
Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, 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
Retails, Food Services, Otehrs
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:
- Sonoco Products
- DS Smith
- Amcor
- Placon
- Huhtamaki
- Winpak
- Silgan Holdings
- Pactiv LLC
- Berry Global Group
- Paccor
- Thrace Group
- Anchor Packaging
- Universal Plastics
- Dordan Manufacturing
- Tray Pak Corporation
- Lindar Corporation
Highlights of The Thermoformed Food Containers 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
- Polypropylene
- Polyvinyl Chloride
- Polystyrene
- Others
- By Application:
- Retails
- Food Services
- Otehrs
- 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 Food Containers 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
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- Consumer Insights
- Understanding Competition Scenario
- 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 food containers are made from a thermoplastic material that is heated to a high temperature and then forced into a mold. This process creates an extremely durable container that can be used for many different types of foods.
Some of the key players operating in the thermoformed food containers market are Sonoco Products, DS Smith, Amcor, Placon, Huhtamaki, Winpak, Silgan Holdings, Pactiv LLC, Berry Global Group, Paccor, Thrace Group, Anchor Packaging, Universal Plastics, Dordan Manufacturing, Tray Pak Corporation, Lindar Corporation.
The thermoformed food containers market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermoformed Food Containers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Thermoformed Food Containers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermoformed Food Containers Market - Supply Chain
4.5. Global Thermoformed Food Containers Market Forecast
4.5.1. Thermoformed Food Containers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermoformed Food Containers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermoformed Food Containers Market Absolute $ Opportunity
5. Global Thermoformed Food Containers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Thermoformed Food Containers Market Size and Volume Forecast by Type
5.3.1. Polyethylene
5.3.2. Polypropylene
5.3.3. Polyvinyl Chloride
5.3.4. Polystyrene
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermoformed Food Containers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Thermoformed Food Containers Market Size and Volume Forecast by Application
6.3.1. Retails
6.3.2. Food Services
6.3.3. Otehrs
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermoformed Food Containers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Thermoformed Food Containers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Thermoformed Food Containers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Thermoformed Food Containers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Thermoformed Food Containers Demand Share Forecast, 2019-2026
9. North America Thermoformed Food Containers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Thermoformed Food Containers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Thermoformed Food Containers Market Size and Volume Forecast by Application
9.4.1. Retails
9.4.2. Food Services
9.4.3. Otehrs
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermoformed Food Containers Market Size and Volume Forecast by Type
9.7.1. Polyethylene
9.7.2. Polypropylene
9.7.3. Polyvinyl Chloride
9.7.4. Polystyrene
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Thermoformed Food Containers Demand Share Forecast, 2019-2026
10. Latin America Thermoformed Food Containers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Thermoformed Food Containers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Thermoformed Food Containers Market Size and Volume Forecast by Application
10.4.1. Retails
10.4.2. Food Services
10.4.3. Otehrs
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermoformed Food Containers Market Size and Volume Forecast by Type
10.7.1. Polyethylene
10.7.2. Polypropylene
10.7.3. Polyvinyl Chloride
10.7.4. Polystyrene
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Thermoformed Food Containers Demand Share Forecast, 2019-2026
11. Europe Thermoformed Food Containers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Thermoformed Food Containers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Thermoformed Food Containers Market Size and Volume Forecast by Application
11.4.1. Retails
11.4.2. Food Services
11.4.3. Otehrs
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermoformed Food Containers Market Size and Volume Forecast by Type
11.7.1. Polyethylene
11.7.2. Polypropylene
11.7.3. Polyvinyl Chloride
11.7.4. Polystyrene
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Thermoformed Food Containers Demand Share, 2019-2026
12. Asia Pacific Thermoformed Food Containers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Thermoformed Food Containers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Thermoformed Food Containers Market Size and Volume Forecast by Application
12.4.1. Retails
12.4.2. Food Services
12.4.3. Otehrs
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermoformed Food Containers Market Size and Volume Forecast by Type
12.7.1. Polyethylene
12.7.2. Polypropylene
12.7.3. Polyvinyl Chloride
12.7.4. Polystyrene
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Thermoformed Food Containers Demand Share, 2019-2026
13. Middle East & Africa Thermoformed Food Containers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Thermoformed Food Containers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Thermoformed Food Containers Market Size and Volume Forecast by Application
13.4.1. Retails
13.4.2. Food Services
13.4.3. Otehrs
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermoformed Food Containers Market Size and Volume Forecast by Type
13.7.1. Polyethylene
13.7.2. Polypropylene
13.7.3. Polyvinyl Chloride
13.7.4. Polystyrene
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Thermoformed Food Containers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermoformed Food Containers Market: Market Share Analysis
14.2. Thermoformed Food Containers Distributors and Customers
14.3. Thermoformed Food Containers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sonoco Products
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DS Smith
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Amcor
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Placon
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Huhtamaki
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Winpak
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Silgan Holdings
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Pactiv LLC
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Berry Global Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Paccor
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Thrace Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Anchor Packaging
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Universal Plastics
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Dordan Manufacturing
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Tray Pak Corporation
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Lindar Corporation
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook