Worldwide Thermoform Packaging Market Size to Touch US $ 48.98 Billion by 2029; Thermoform Packaging Market Share [2022-2029]

PRESS RELEASE
Published February 2, 2023

The global Thermoform Packaging Market size is projected to reach USD 48.98 Billion by 2029, from 36.58 Billion in 2022, at a Compound Annual Growth Rate (CAGR) of 3.18% during the forecast period. Exactitude Consultancy with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Thermoform Packaging Market Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis. It also provides market information in terms of development and its capacities.

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Companies Profiled in Thermoform Packaging Market Report:

Amcor Limited, Bemis Company, Inc., WestRock Company, E.I. du Pont de Nemours and Company, DS Smith Plc, Constantia Flexibles GmbH, Sonoco Products Company, Anchor Packaging, Tekni-plex Inc., G. Mondini S.p.A, and Display Pack Inc and others.

Growth Factors

Thermoform packaging is a moulded product generated using the thermoforming process, which includes heating and applying pressure to mould plastic into the required shape. It is very less complicated and also less expensive relatively with other plastic moulding and forming procedure. Thermoplastic sheets are heated up to malleable point, and then moulded until cools to manufacture final product. Thermoforming packaging is protection, lightweight, reusability, and cost-effectiveness. It is widely used in variety of the industries including electronics, food and beverage, pharmaceuticals, personal care, and the automotive industry. Rising demand for the thermoform packaging in food and beverage, pharmaceutical industries for packaging of the products drives the market growth the forecast period.

Thermoforming technology has advanced to enable customized packaging alternatives that attract customers and increase the possibility of acquisition at the point of sale. Prototyped of new packaging items in a short period of time. Furthermore, rising need for lightweight packaging drives the growth of thermoform packaging market in the forecast period. To tackle cost challenges all through the value chain, some manufacturers have started to adopt lightweight packing goods. Furthermore, sustainable, bio-derived, and reusable polymers are preferred over traditional petroleum-based polymers. As a result, widespread concern about the discharge of plastic products and packaging, as well as stringent government regulations on plastic products and packaging, are projected to impede global market growth. Despite the fact that polyethylene terephthalate (PET) is recyclable, the application of strong adhesive stickers on the surface of PET packaging renders its non-recyclable.

Influencing Factors:

  • Market Environment: Government Policies, Technological Changes, Market Risks.
  • Thermoform Packaging Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.

Thermoform Packaging Market Forecast:

  • Market Size Forecast: Global Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
  • Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.

Market Segmentation

By Type

  • Blister Packaging
  • Clamshell Packaging
  • Skin Packaging

By Seal Coating

  • Water-Based Heat Seal Coating
  • Solvent-Based Heat Seal Coating
  • Hot-Melt-Based Heat Seal Coating

By End-Use

  • Food & Beverage
  • Pharmaceuticals
  • Electronics
  • Home & Personal Care

Regional Outlook

Regions considered in the market are gauged on the basis of performance metrics which differ by economic growth, government support, and investment scenario. Ease of business index and other growth metrics which foster market growth are considered before estimating its value. Figures and statistics from reputed government organizations are included in the report for cementing its value.

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Pre-Post COVID-19 Impact on Global Thermoform Packaging Market

COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.

In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Thermoform Packaging Market, since end-user industries were still not operating at their full capacity.

Secondary Research:

This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global portable generator market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research:

Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.

Estimation of Market Size

The total size of the Thermoform Packaging Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:

Extensive secondary research was used to identify the industry’s key players.

The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.

All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.

Key Points From TOC:

1. Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

4. Key Insights

4.1 Global Statistics — Key Countries

4.2 New Product Launches

4.3 Pipeline Analysis

4.4 Regulatory Scenario — Key Countries

4.5 Recent Industry Developments — Partnerships, Mergers and Acquisitions

5. Global Thermoform Packaging Market Analysis, Insights and Forecast

5.1. Key Findings/ Summary

5.2. Market Analysis — By Product Type

5.3. Market Analysis — By Distribution Channel

5.4. Market Analysis — By Countries/Sub-regions

……………

11. Competitive Analysis

11.1. Key Industry Developments

11.2. Global Market Share Analysis

11.3. Competition Dashboard

11.4. Comparative Analysis — Major Players

12. Company Profiles

12.1 Overview

12.2 Products and Services

12.3 SWOT Analysis

12.4 Recent developments

12.5 Major Investments

12.6 Regional Market Size and Demand

13. Strategic Recommendations

TOC Continued…!

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