As per the recently published report by MarketsandMarkets™, The “Thermoform Packaging Market by Material (Plastic, Aluminum, Paper & Paperboard), Heat Seal Coating (Water-Based, Solvent-Based, Hot-Melt-Based), Type (Blister Packaging, Clamshell Packaging, Skin Packaging), End-Use Industry – Global Forecast to 2028″, size is projected to grow from USD 52.2 billion in 2023 to USD 65.6 billion by 2028, at a CAGR of 4.7% from 2023 to 2028.
The thermoform packaging market is experiencing significant growth due to several factors driving demand for this versatile packaging solution. Firstly, increasing consumer awareness and regulatory pressures surrounding sustainability have propelled the adoption of thermoform packaging made from recycled materials or biodegradable alternatives. Additionally, the flexibility and customization options offered by thermoforming technology cater to the evolving needs of various industries, including food and beverage, pharmaceuticals, and electronics, driving its widespread adoption. Furthermore, advancements in thermoforming technology, such as improved material properties and enhanced production efficiency, have made thermoform packaging more cost-effective and appealing to manufacturers. With its ability to provide efficient protection, branding opportunities, and compatibility with modern manufacturing processes, thermoform packaging continues to gain traction and is poised for further growth in the coming years.
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- 370 Market data Tables
- 55 Figures
- 298 Pages and in-depth TOC on “Thermoform Packaging Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
The Thermoform packaging market comprises a multitude of companies that thrive in their respective domestic markets. Among the prominent players are Amcor Limited (Australia), Sonoco Products Company (US), DS Smith (UK), Huhtamaki OYJ (Finland), and WestRock company (US), and others. These key industry participants have employed diverse strategies for growth, including mergers and acquisitions, investment initiatives and expansions, collaborations, partnerships, joint ventures, and the development of new products, all aimed at bolstering their market presence and expanding their product offerings.