Thermoform Packaging Market Size, Share, Report, Analysis, Trends & Forecast to 2022

According to Stratistics MRC, the Global Thermoform Packaging market is estimated at $33.91 billion in 2016 and is expected to reach $47.68 billion by 2022 growing at a CAGR of 5.8% from 2016 to 2022.

Increasing demand from food and beverages industry and optimum usage of packaging material are the key factors driving market growth. Moreover its properties like odour free, moisture free are forcing the usage of thermoform packaging. Drawback like its not suitable for packaging the heavy objects is hampering the market growth.

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In material, plastic segment is accounted for largest market share in 2016, as it is used vastly for packaging of food and beverages and medicines which is best material to prevent contamination. Food and beverages in end user segment owing to usage in packaging of meat, bakery items, beverages and other food items and increase in disposable income of consumers. By type, blister packaging is expected to grow at higher CAGR during forecast period. North America accounted for the highest market share as compared to other regions. The Asia Pacific region is expected to grow at a higher CAGR and is anticipated to account for the highest market share during forecast period owing to increase in disposable income and demand from food and beverages industry.

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Some of the key players in the thermoform packaging market include Amcor Limited, Anchor Packaging, Bemis Company, Inc., Constantia Flexibles GmbH, D&W FINE PACK, Display Pack Inc., DS Smith PLC, E.I. Du Pont Nemours and Company, G. Mondini SPA, HUHTAMAKI GROUP, PACTIV LLC, Sonoco Products Company, Tekni-Plex, Inc., Tray-Pak Corporation and Westrock Company.

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Heat Seal Coatings Covered:
• Hot-Melt-Based Heat Seal Coating
• Water-Based Heat Seal Coating
• Solvent-Based Heat Seal Coating

Materials Covered:
• Paper & Paperboard
• Plastic
o Polyvinyl chloride (PVC)
o Polypropylene (PP)
o Polyethylene terephthalate (PET)
o Polyethylene (PE)
o Acrylonitrile Butadiene Styrene (ABS)
o Polystyrene (PS)
o Other Plastics
• Aluminum

Packaging Types Covered:
• Skin Packaging
• Clamshell Packaging
• Blister Packaging
• Other Packaging Types

Applications Covered:
• Pharmaceutical
• Home & Personal Care Goods
• Electronics
• Food & Beverage
o Food service
o Snacks
o Dairy
o Bakery
o Meat
o Other Food and beverages
• Industrial goods

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 6 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Release ID: 209108