According to a market report by Lucintel, the future of the global thermoformed plastic market looks promising with opportunities in the healthcare & medical, food packaging, electrical & electronic, automotive packaging, construction, and consumer good & appliance markets. The global thermoformed plastic market is expected to reach an estimated $65.3 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are rising demand in the pharmaceutical and healthcare industries for packaging, growing demand in the automotive sector for thermoformed plastics, as well as, expanding inclination towards environmentally friendly and sustainable packaging.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in thermoformed plastic market to 2030 by product (polymethyl methacrylate (PMMA), bio-degradable polymers, polyethylene (PE), acrylonitrile butadiene styrene (ABS), poly vinyl chloride (PVC), high impact polystyrene (HIPS), polystyrene (PS), and polypropylene (PP)), process (plug assist forming, thick gauge thermoforming, thin gauge thermoforming, and vacuum snapback), application (healthcare & medical, food packaging, electrical & electronics, automotive packaging, construction, and consumer goods & appliances), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, plug assist forming, thick gauge thermoforming, thin gauge thermoforming, and vacuum snapback are the major segments of thermoformed plastic market by process. Lucintel forecasts that thin-gauge thermoformed plastic will remain the largest segment over the forecast period.
Within this market, food packaging will remain the largest segment.
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APAC is expected to witness highest growth over the forecast period due to packaging industry innovations and rapid industrialization, as well as, increasing number of thermoformed plastic product producers and suppliers in this area.
Pactiv, Genpak, Sonoco Products, CM Packaging, Placon, Anchor Packaging, Brentwood Industries, Greiner Packaging, Dongguan Ditai Plastic Products, and Palram Americas are the major suppliers in the thermoformed plastic market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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