14-May-2019 | Zion Market Research
Zion Market Research has published a new report titled “Thermoformed Containers Market by Type (Blisters, Clamshells, Cups & Bowls, and Trays & Lids), by Material Type (Polypropylene, Polyethylene, Polyvinyl Chloride, Polystyrene, and Others), and by End-User (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, Home Care Products, Electronics & Electrical, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018–2025”. According to the report, the global thermoformed containers market was USD 15.22 billion in 2018 and is expected to reach USD 19.62 billion by 2025, at a CAGR of 3.7% between 2019 and 2025.
Thermoforming is a process that involves a plastic sheet that is heated to a bendable forming temperature, to form a specific shape in a mold and trimmed to produce a usable product. The global thermoformed containers market is expected to grow rapidly in the future, owing to the increasing product demand from the packaging industry for retail packaging, food packaging, and medical packaging. Moreover, the rising population in emerging countries like China, India, and Brazil has further propelled the application of thermoformed containers in the food and beverage industry. Furthermore, the growing demand for cosmetics and personal care products is also projected to spur the thermoformed containers market globally in the years ahead. However, fluctuating product prices may slow down the global thermoformed containers market. Conversely, the technological advancements witnessed in thermoformed containers designs are further estimated to generate new growth opportunities for the market in the future.
Browse the full “Thermoformed Containers Market by Type (Blisters, Clamshells, Cups & Bowls, and Trays & Lids), by Material Type (Polypropylene, Polyethylene, Polyvinyl Chloride, Polystyrene, and Others), and by End-User (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, Home Care Products, Electronics & Electrical, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/thermoformed-containers-market
The global thermoformed containers market is classified on the basis of type, material type, and end-user. The type segment of the thermoformed containers market includes clamshells, trays and lids, cups and bowls, and blisters. Cups and bowls are projected to account for the significant market share in the future, due to their wide usage in the food industry across the globe. Based on material type, the thermoformed containers market includes polyethylene, polypropylene, polystyrene, polyvinyl chloride, and others. Polyethylene was the dominating material type segment of the global thermoformed containers market in 2018 and is projected to grow at the highest rate over the forecast time period. The end-user segment of the thermoformed containers market includes cosmetics and personal care, pharmaceuticals, food and beverages, electronics and electrical, home care products, and others. The food and beverages segment is the largest consumer of thermoformed containers, which will fuel this segment’s growth in the years ahead.
By region, North America accounted for the largest share for global thermoformed containers market in 2018. This can be attributed to the rising demand for processed and packaged food products, which is likely to propel the application of thermoformed containers in the food and beverage industry. Additionally, the consumption of thermoformed containers is rapidly increasing in countries like China and India, which is expected to boost the Asia Pacific thermoformed containers market.
Some key manufacturers operating in the global thermoformed containers market are Sonoco Products, DS Smith, Bemis Company, Berry Global, Anchor Packaging, Coveris Holdings, Borealis AG, Silgan Holdings, Universal Plastics Corporation, Lindar Corporation, Placon Corporation, Universal Protective Packaging, and Thrace Group.
This report segments the global thermoformed containers market into:
Global Thermoformed Containers Market: Type Analysis
Global Thermoformed Containers Market: Material Type Analysis
Global Thermoformed Containers Market: End-User Analysis
Global Thermoformed Containers Market: Regional Analysis
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