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Thermoform Packaging Market Report by Material, Product, End Use, and Region 2024-2032

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    Report

  • 148 Pages
  • August 2024
  • Region: Global
  • IMARC Group
  • ID: 5901288
Description Jump to:
The global thermoform packaging market size reached US$ 50.5 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 76.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.71% during 2023-2032.

Thermoforming refers to a plastic forming technique that helps in making various packaging products. It involves heating rigid plastics, and other specialty materials to make them easy to manipulate. Thermoforming is differentiated as vacuum forming and pressure forming. In vacuum forming, plastic sheets are heated and placed over molds to be vacuumed into the desired shapes. On the other hand, in pressure forming, extra pressure is applied for better detail and texture. Thermoforming is utilized for making different packaging components and products.

These products include unit dose packaging, such as blister packs for pharmaceutical and over-the-counter (OTC) drugs, clamshell packaging for health and beauty items, and plastic trays for food products. Thermoforming offers various benefits, including adaptability to dynamic requirements, low operating cost, and large-scale customization availability. It also has a fast turnout time, which makes the process ideal for fulfilling last-minute orders.

One of the key factors propelling the thermoform packaging market growth is its increasing usage in the food and beverages industry. Thermoform packaging solutions are characterized by various associated advantages, including extended product shelf-life, greater product visibility and better protection for products against external factors. Consequently, this type of packaging is now increasingly being used for vegetables, cheese, meat, and baked goods.

Besides this, the cost-effectiveness of thermoform packaging and an increasing emphasis on the development of sustainable packaging solutions are contributing to the market growth further. Other factors, such as technological advancements in the production process, along with the widespread utilization of thermoform packaging solutions in the pharmaceutical industry, are expected to create a positive outlook for the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global thermoform packaging market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on material, product and end use.

Breakup by Material:

  • PET
  • PVC
  • PS
  • PP
  • PE
  • Others

Breakup by Product:

  • Blister Packaging
  • Clamshell Packaging
  • Skin Packaging
  • Trays and Lids
  • Containers
  • Others

Breakup by End Use:

  • Food and Beverages
  • Personal Care and Cosmetics
  • Pharmaceuticals
  • Electronic Products
  • Homecare Products
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amcor Plc, Anchor Packaging LLC (Hermann Companies Inc.), Archer-Daniels-Midland Company, BASF SE, D&W Fine Pack Holdings LLC, Dart Container Corporation, Display Pack Inc., DS Smith Plc, Huhtamäki Oyj, Lacerta Group Inc., Pactiv LLC, Placon Corporation, Sonoco Products Company, Tekni-plex Inc. (Genstar Capital LLC) and WestRock Company.

Key Questions Answered in This Report:

  • How has the global thermoform packaging market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global thermoform packaging market?
  • What are the key regional markets?
  • What is the breakup of the market based on the material?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global thermoform packaging market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Thermoform Packaging Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Material
6.1 PET
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 PVC
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 PS
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 PP
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 PE
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Product
7.1 Blister Packaging
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Clamshell Packaging
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Skin Packaging
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Trays and Lids
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Containers
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by End Use
8.1 Food and Beverages
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Personal Care and Cosmetics
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Pharmaceuticals
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Electronic Products
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Homecare Products
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Amcor Plc
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Anchor Packaging LLC (Hermann Companies Inc.)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Archer-Daniels-Midland Company
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 BASF SE
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 D&W Fine Pack Holdings LLC
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Dart Container Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 SWOT Analysis
14.3.7 Display Pack Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 DS Smith Plc
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Huhtamäki Oyj
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Lacerta Group Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Pactiv LLC
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 SWOT Analysis
14.3.12 Placon Corporation
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 Sonoco Products Company
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis
14.3.14 Tekni-plex Inc (Genstar Capital LLC)
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.15 WestRock Company
14.3.15.1 Company Overview
14.3.15.2 Product Portfolio
14.3.15.3 Financials
14.3.15.4 SWOT Analysis
List of Figures
Figure 1: Global: Thermoform Packaging Market: Major Drivers and Challenges
Figure 2: Global: Thermoform Packaging Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Thermoform Packaging Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Thermoform Packaging Market: Breakup by Material (in %), 2023
Figure 5: Global: Thermoform Packaging Market: Breakup by Product (in %), 2023
Figure 6: Global: Thermoform Packaging Market: Breakup by End Use (in %), 2023
Figure 7: Global: Thermoform Packaging Market: Breakup by Region (in %), 2023
Figure 8: Global: Thermoform Packaging (PET) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Thermoform Packaging (PET) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Thermoform Packaging (PVC) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Thermoform Packaging (PVC) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Thermoform Packaging (PS) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Thermoform Packaging (PS) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Thermoform Packaging (PP) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Thermoform Packaging (PP) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Thermoform Packaging (PE) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Thermoform Packaging (PE) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Thermoform Packaging (Other Materials) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Thermoform Packaging (Other Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Thermoform Packaging (Blister Packaging) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Thermoform Packaging (Blister Packaging) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Thermoform Packaging (Clamshell Packaging) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Thermoform Packaging (Clamshell Packaging) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Thermoform Packaging (Skin Packaging) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Thermoform Packaging (Skin Packaging) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Thermoform Packaging (Trays and Lids) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Thermoform Packaging (Trays and Lids) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Thermoform Packaging (Containers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Thermoform Packaging (Containers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Thermoform Packaging (Other Products) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Thermoform Packaging (Other Products) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Thermoform Packaging (Food and Beverages) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Thermoform Packaging (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Thermoform Packaging (Personal Care and Cosmetics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Thermoform Packaging (Personal Care and Cosmetics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Thermoform Packaging (Pharmaceuticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Thermoform Packaging (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Thermoform Packaging (Electronic Products) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Thermoform Packaging (Electronic Products) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Thermoform Packaging (Homecare Products) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Thermoform Packaging (Homecare Products) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Global: Thermoform Packaging (Other End Uses) Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Global: Thermoform Packaging (Other End Uses) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: North America: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: North America: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: United States: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: United States: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Canada: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Canada: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Asia Pacific: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Asia Pacific: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: China: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: China: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Japan: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Japan: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: India: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: India: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: South Korea: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: South Korea: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Australia: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Australia: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Indonesia: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Indonesia: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Others: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Others: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Europe: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Europe: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Germany: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Germany: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: France: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: France: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: United Kingdom: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: United Kingdom: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Italy: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Italy: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Spain: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Spain: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Russia: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Russia: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Others: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Others: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Latin America: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Latin America: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Brazil: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Brazil: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Mexico: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Mexico: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Others: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Others: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 90: Middle East and Africa: Thermoform Packaging Market: Sales Value (in Million US$), 2018 & 2023
Figure 91: Middle East and Africa: Thermoform Packaging Market: Breakup by Country (in %), 2023
Figure 92: Middle East and Africa: Thermoform Packaging Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 93: Global: Thermoform Packaging Industry: SWOT Analysis
Figure 94: Global: Thermoform Packaging Industry: Value Chain Analysis
Figure 95: Global: Thermoform Packaging Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Thermoform Packaging Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Thermoform Packaging Market Forecast: Breakup by Material (in Million US$), 2024-2032
Table 3: Global: Thermoform Packaging Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 4: Global: Thermoform Packaging Market Forecast: Breakup by End Use (in Million US$), 2024-2032
Table 5: Global: Thermoform Packaging Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Thermoform Packaging Market: Competitive Structure
Table 7: Global: Thermoform Packaging Market: Key Players

Companies Mentioned

  • Amcor Plc
  • Anchor Packaging LLC (Hermann Companies Inc.)
  • Archer-Daniels-Midland Company
  • BASF SE
  • D&W Fine Pack Holdings LLC
  • Dart Container Corporation
  • Display Pack Inc.
  • DS Smith Plc
  • Huhtamäki Oyj
  • Lacerta Group Inc.
  • Pactiv LLC
  • Placon Corporation
  • Sonoco Products Company
  • Tekni-plex Inc. (Genstar Capital LLC)
  • WestRock Company

Methodology

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Table Information

Report AttributeDetails
No. of Pages148
PublishedAugust 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 50.5 Billion
Forecasted Market Value ( USD ) by 2032 $ 76.4 Billion
Compound Annual Growth Rate4.7%
Regions CoveredGlobal
No. of Companies Mentioned15

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