Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on
thermoformed packaging market provides an in-depth analysis of segments and
sub-segments in the global as well as regional thermoformed packaging market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional thermoformed packaging market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global thermoformed packaging market.
According to the report, the global thermoformed packaging market is projected
to grow at a CAGR of 5.9% over the forecast period of 2019-2025.
Thermoformed plastics have widespread applications and even they
are very cost-effective that is enhancing the growth of the market. PLA
(Polylactic Acid) films used in thermoforming packaging are highly transparent
and glossy that is the main characteristic most manufacturers search for
thermoformed packaging. PLA is easily printable due to its intrinsic high value
of surface tension. Thermoforming is the best-pursued method for producing
thinner and lighter rigid plastic packaging products. Recently, numerous manufacturers
and end-users have been adopting lightweight packaging products. The
manufacturers are developing advanced machine technology to increase the cycle
speed of machines and give better output rates to meet the high demand from
end-users.
The evolving food industry and the requirement for sustainable
packaging are major driving actors for the thermoformed packaging market.
Furthermore, factors such as increasing demand for easy to use packaging and
growing demand from the pharmaceutical industry are other driving factors for
the market growth. The demand for thermoformed packaging is increasing due to
its applications in various end-user industries, including the food and
beverage, healthcare packaging, and electrical and electronics industries. The
growing demand for seafood, meat, and poultry industry is fueling the growth of
the market. However, thermoformed packaging is not supportive of the heavy
products that are restraining the growth of the market. Moreover, increasing
demand from the food and beverages sector is expected to provide growth
opportunities to the market players.
Geographically, North America dominates the global thermoformed
packaging market owing to the rapidly increasing demand for packaged food in
countries such as the US. Asia-Pacific is the fastest-growing region due to
constantly changing pharmaceutical sector. Growing urbanization and retail
sector in countries such as China and India are also driving the Asia-Pacific
thermoformed packaging market. The rapid growth of food delivery services in
developing countries of Asia Pacific is expected to boost the demand for
thermoform packaging in the forecasted period.
The report on global thermoformed packaging market covers segments
such as product type, material type, and end-user industry. On the basis of
product type, the sub-markets include clamshell packaging, blister packaging,
skin packaging, and other product types. On the basis of material type, the
sub-markets include plastics, aluminum, and paper & paperboard. On the
basis of end-user industry, the sub-markets include food & beverage,
electronics, personal care & cosmetics, pharmaceuticals, and other end-user
industries.
The report provides profiles of the companies in the market such as
Universal Plastics Corporation, UFP Technologies, Inc., Tray-Pak Corporation,
Winpak Limited, Sonoco Products Company, Sabert Corp., Printpack, Inc.,
Plastique, Sealed Air Corporation, Placon Corporation, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of thermoformed packaging market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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