Thermoformed plastics are a form of plastic manufacturing where a sheet of plastic is heated to a pliable forming temperature and then shaped and trimmed into a finished product. There are many thermoforming processes that can be used with a wide range of materials and applications. The most common are vacuum forming and pressure forming.
Market Dynamics:
Thermoformed plastics market is anticipated to register a significant rate over the forecast period, owing to rising demand from end-use industries such as automobiles, construction equipment, packaging and other industrial applications. The market across developing countries are expected to witness fastest growth, owing to the increasing urbanization and rising disposable income of consumers.
On the other hand, fluctuating price of raw material is expected to hinder the market growth.
Key features of the study:
- This report provides in-depth analysis of the global thermoformed plastics market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global thermoformed plastics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Pactiv LLC, Sonoco Products Company, CM Packaging, Placon, and Genpak LLC
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global thermoformed plastics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global thermoformed plastics market
Detailed Segmentation:
- Global Thermoformed Plastics Market, By Product
- Polymethyl Methacrylate (PMMA)
- Bio-degradable Polymers Polyethylene (PE)
- Acrylonitrile Butadiene Styrene (ABS)
- Polyvinyl Chloride (PVC) High Impact Polystyrene (HIPS)
- Polystyrene (PS) Polypropylene (PP)
- Global Thermoformed Plastics Market, By Process
- Plug Assis Forming
- Thick Gauge Thermoforming
- Thing Gauge Thermoforming
- Vacuum Snapback
- Global Thermoformed Plastics Market, By Application
- Healthcare & Medical
- Food Packaging
- Electrical & Electronics
- Automotive Construction
- Consumer Goods & Appliances
- Global Thermoformed Plastics Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- Pactiv LLC
- Sonoco Products Company
- CM Packaging
- Placon
- Genpak LLC
