News

The global thermoformed plastics market size is expected to be worth around US$ 20.4 billion by 2030, according to a new report by Vision Research Reports.

The global thermoformed plastics market size was valued at US$ 14.40 billion in 2020 and is anticipated to grow at a CAGR of 6.9% during forecast period 2021 to 2030.

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Report Coverage

Report Scope	Details
Market Size	USD 20.4 billion by 2030
Growth Rate	CAGR of 6.9% From 2021 to 2030
Base Year	2021
Historic Data	2017 to 2020
Forecast Period	2021 to 2030
Segments Covered	Product, Process, Application
Regional Scope	North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned	Pactiv LLC; Genpak LLC; Sonoco Products Company; CM Packaging; Placon Corporation; Anchor Packaging LLC; Brentwood Industries; Greiner Packaging GmbH; Dongguan Ditai Plastic Products Co., Ltd; Palram Americas Ltd.

Growth Factors

 Increasing demand for medical and pharmaceutical products globally has been a major factor driving market growth. In addition, advancements in the healthcare industry has led to a rising demand for thermoformed plastics.

Rising product demand in various application sectors including food, healthcare, and medical packaging; automotive; electrical and electronics; construction; and consumer goods and appliances owing to its cost-effectiveness is projected to drive the market in the coming years. Rapid industrialization, increase in infrastructural activities, and advancements in medical activities is anticipated to drive the market growth over the forecast period.

Key Players

• Pactiv LLC
• Genpak LLC
• Sonoco Products Company
• CM Packaging
• Placon Corporation
• Anchor Packaging LLC
• Brentwood Industries
• Greiner Packaging GmbH
• Dongguan Ditai Plastic Products Co., Ltd
• Palram Americas Ltd.

Market Segmentation

• Product
  • Polymethyl Methacrylate (PMMA)
  • Bio-degradable polymers
  • Polyethylene (PE)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Poly Vinyl Chloride (PVC)
  • High Impact Polystyrene (HIPS)
  • Polystyrene (PS)
  • Polypropylene (PP)
• Process
  • Plug Assist Forming
  • Thick Gauge thermoforming
  • Thin Gauge Thermoforming
  • Vacuum Snapback
• Application
  • Healthcare & Medical
  • Food Packaging
  • Electrical & Electronics
  • Automotive Packaging
  • Construction
  • Consumer Goods & Appliances
  • Others
• Regional
  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
  • Central & South America
  • Middle East & Africa

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