Thermoform Packaging Market to Witness a Phenomenal Growth by Reaching Over USD USD 122.80 Billion by 2032

Major companies in the thermoform packaging market are Display Pack Inc., Constantia Flexibles GmbH, Anchor Packaging, LLC, DM Thermoformer, Berry Global Inc., DS Smith Plc, WestRock Company and Amcor Limited among others. These players are set to bolster the development of the global Thermoform Packaging Market.

According to analysts at Zion Market Research, The Global Thermoform Packaging Market accounted for USD 57.01 Billion in 2023 and is expected to reach USD 122.80 Billion by 2032, growing at a CAGR of 8.9% from 2024 to 2032.

This review is based on a report by Zion Market Research, titled “Thermoform Packaging Market By Material (Plastics (PVC, PET, PE, PS, PP and Others) Paper & Paperboard, Aluminum), By Heat Seal Coating (Water Based, Hot Melt Based and Solvent Based), By Packaging Type (Blister Card Packaging (Full Face Seal, Trapped Blister, Face Seal and Others), Skin Packaging, Clamshell Packaging and Others), By End-User (Pharmaceuticals, Food and Beverages, Electronics, Consumer Goods and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032.”

The process of manufacturing of thermoplastic sheets with the application of pressure and heat in a mold is called as thermoforming. The packaging material made by the thermoforming process is known as thermoform packaging.

Increase in the application of thermoform packaging in pharmaceutical and food & beverages packaging industry compel the growth of the global thermoform packaging market. Thermoform packages are odor-free, light, moisture-free, and flexible, and therefore it is preferred over glass and wood. The thermoform packaging is cost effective in nature and also reduces the packaging waste as they are easy to dispose of. Due to these greater superior properties, the demand for thermoform packaging is anticipated to grow in the coming years. Moreover, growing urbanization in developing economies and increase in consumer preference towards fresh and packaged food is expected to accelerate the growth of thermoforming packaging market globally. The continuous advancement in thermoformed technology, growing demand for lightweight packaging, and growing investment in R&D activities are expected to generate immense opportunity opportunities for thermoform packaging market in the future years.

The thermoform packaging market can be segmented as material, heat seal coating, packaging type, end user, and by region. By material, the thermoforming packaging market is segmented into plastics, paper & paperboard and aluminum. In 2017, the plastic accounted for the major share in the global thermoform packaging market by material in terms of value and volume. The plastic material segment is further sub-segmented into polyvinyl chloride (PVC), polyethylene terephthalate (PET), polyethylene (PE), polystyrene (PS), polypropylene (PP) and others.

By heat seal coating the global thermoform market by heat seal coating is segmented into the water-based coating, hot melt based, and solvent based. Among the coating type, the water-based heat seal coating segment will register a CAGR of 5.1% in the forecast period. By forming a film bond between the polyethylene skin pack and corrugated films, the water-based coating reduces adhesion challenges of thermoform packaging, and hence the demand for such coating is growing at a rapid pace. The water-based coating reduces adhesion challenges of thermoform packaging by forming a film bond between polyethylene skin pack and corrugated films. 

The global thermoform packaging market by packaging type is further segmented into blister card packaging, clamshell packaging, skin packaging and others. Among them, the blister card packaging segment accounted to registered for the highest share in terms of value and volume in the global thermoform packaging market in 2023.

On the basis of the end user, the global thermoform packaging market is segmented into pharmaceuticals, food and beverages, electronics, consumer goods and others. The food and beverages industry accounted for a share above 40% in the global thermoform market in 2019. 

Browse the full “Thermoform Packaging Market By Material (Plastics (PVC, PET, PE, PS, PP and Others) Paper & Paperboard, Aluminum), By Heat Seal Coating (Water Based, Hot Melt Based and Solvent Based), By Packaging Type (Blister Card Packaging (Full Face Seal, Trapped Blister, Face Seal and Others), Skin Packaging, Clamshell Packaging and Others), By End-User (Pharmaceuticals, Food and Beverages, Electronics, Consumer Goods and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/thermoform-packaging-market

 The global thermoform packaging market is segmented as follows:

By Material Segment

• Plastics
  • PVC
  • PET
  • PE
  • PS
  • PP
  • Others
• Paper & Paperboard
• Aluminum

By Heat Seal Coating Segment

• Water Based
• Hot Melt Based
• Solvent Based 

By Packaging Type Segment

• Blister Card Packaging
  • Full Face Seal
  • Trapped Blister
  • Face Seal
  • Others
• Skin Packaging
• Clamshell Packaging
• Others

By End-User Segment

• Pharmaceuticals
• Food and Beverages
• Electronics
• Consumer Goods
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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