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    Thermoforming Plastics Market Report

    Thermoforming Plastics Market Report
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    Thermoforming Plastics Market Size, Share, Trend, Forecast, & Industry Analysis &ndash See more...

    Impact of COVID-19 on Thermoforming Plastics Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Thermoforming Plastics Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Thermoforming Plastics Market is likely to witness a promising CAGR of 6.1% during the forecast period. Rapidly increasing demand for thermoforming plastic foam from food packaging and healthcare and pharmaceutical industries is likely to give a thrust to the material’s long-term demand. The increasing popularity of retail shopping and rising consumer spending for processed & packaged goods are fueling the demand for thermoforming plastics. Factors such as changing demographics and lifestyles have shifted the market toward e-retailing channels and convenient packaging, which in turn, will drive the demand for thermoforming plastics.

    Thermoforming Plastics Market – Snapshot

    Growth

    6.1% for the next five years

    Major End-Use Industry

    Food & Agriculture

    Dominant Plastic Type

    Polypropylene

    Region with the highest demand

    North America

    Key Players

    Brentwood Industries, Inc., Consolidated Container Company LP, Display Pack Inc., Greiner Packaging International GmbH, Huhtamäki Oyj, Penda Corporation, Placon Corporation, Spencer Industries Inc., Winpak Ltd., and Zhuhai Zhongfu Enterprise Co. Ltd.

    Segment Analysis

    Thermoforming-Plastics-Market-Dominant-Segments

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    Thermoforming Plastics Market Share: By End-Use Industry Type

    Based on the end-use industry type, the thermoforming plastics market is segmented as food & agriculture packaging, consumer goods & appliances, healthcare & pharmaceutical, construction, electrical & electronics, automotive packaging & structures, and others. The food & agriculture packaging segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period owing to the huge demand for packaged and branded products. Using safe packaging materials, thermoforming plastic provides better protection during transportation, leading to their preference in the food & agriculture packaging industry.

    Thermoforming Plastics Market Share: By Plastic Type

    Based on the plastic type, the thermoforming plastics market is segmented as polypropylene, polystyrene, polyethylene terephthalate, polyethylene, poly vinyl chloride, bio-plastics, acrylonitrile-butadiene-styrene, and others. The propylene or PP segment is expected to assert its supremacy in the market till 2026. Key advantages such as excellent strength-to-weight ratio, stellar energy management, outstanding chemical resistance, and good durability make it an ideal choice for packaging applications.

    Thermoforming Plastics Market Share: By Region

    In terms of regions, North America is estimated to be the largest market during the forecast period, with the USA offering lucrative growth opportunities. This growth can be attributed to the region’s implacable drive towards new technology adoption and advancement. Some of the prime factors driving the region’s market are increasing electronic goods sales, high disposable income, increasing demand for packaged foods, and demographic changes. Another key factor creating a spur in the market is the continuous demand for consumer durables, coupled with a rising trend of retail shopping in the USA. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Thermoforming-Plastics-Market-By-Region

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    Market Scope & Segmentation

    Thermoforming is a process during which a plastic sheet is heated to get a bendable form so that it can be molded into desired shape, which is cooled afterwards to create the finished usable product. The most common processes used in the market are vacuum snapback, thick and thin gauge thermoforming, and plug assist forming. Thermoformed plastics are all the time more used as a metal replacement using the heavy gauge process, making them suitable for applications such as industrial equipment, transportation, aerospace, kiosks, and medical devices.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Thermoforming Plastics Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The thermoforming plastics market is segmented into the following categories. 

    Thermoforming Plastics Market Size, Share, & Forecast, by Plastic Type:

    • Polypropylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polystyrene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyethylene Terephthalate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyethylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Poly Vinyl Chloride (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Bio-Plastics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Acrylonitrile-Butadiene-Styrene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Thermoforming Plastics Market Size, Share, & Forecast, by Thermoforming Type:

    • Vacuum Forming (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pressure Forming (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mechanical Forming (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Thermoforming Plastics Market Size, Share, & Forecast, by Thickness Type:

    • Thin Gauge (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Thick Gauge (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Thermoforming Plastics Market Size, Share, & Forecast, by End-Use Industry Type:

    • Food & Agriculture Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Consumer Goods & Appliances (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Healthcare & Pharmaceutical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automotive Packaging & Structures (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Thermoforming Plastics Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Key Players

    Some key players in the thermoforming plastics market are-

    • Fabri-Kal Corp.
    • Berry Global Inc.
    • Genpak LLC
    • Pactiv LLC
    • D&W Fine Pack LLC
    • Amcor Ltd.
    • Dart Container Corp.
    • Anchor Packaging
    • Sabert Corporation
    • Sonoco Products Company.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the plastic types by end-use industry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The thermoforming plastics market is expected to witness an impressive growth of 6.1% CAGR in the foreseeable future.

    Fabri-Kal Corp., Berry Global Inc., Genpak LLC, Pactiv LLC, D&W Fine Pack LLC, Amcor Ltd., Dart Container Corp., Anchor Packaging, Sabert Corporation, and Sonoco Products Company are among the key players in the thermoforming plastics market.

    North America is expected to be the largest thermoforming plastics market during the next five years.

    The food & agriculture packaging segment is expected to remain dominant in the thermoforming plastics market in the coming years.

    The propylene or PP segment is expected to assert its supremacy in the thermoforming plastics market over the next five years.

    Rapidly increasing demand for thermoforming plastic foam from food packaging and healthcare and pharmaceutical industries, increasing popularity of retail shopping and rising consumer spending for processed & packaged goods are some of the factors driving the thermoforming plastics market.

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