"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Thermoformed Plastic Materials Market Size, Share & Industry Analysis, By Type (Polypropylene (PP), Polystyrene (PS), Polyethylene Terephthalate (PET), Polyethylene (PE)), By Process ( Plug Assist, Thick Gauge, Thin Gauge, Vaccum Snapback), By End-use (Food & Agriculture Packaging, Consumer Goods & Appliances, Healthcare & Pharmaceautical, Construction)and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI102952 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Thermoforming is a technique of plastic molding which results in a range of highly functional items. Small plastic sheets are heated during this manufacturing process, to make them easy to manipulate. Upon reaching a pliable temperature a layer is shaped over a mold. The process of heating a material to its forming point, and then applying force to the hot sheet to push it into cavities or molds so that the material takes the  shape of the mold. The applied forces are one of three different process such as vaccum, mechanical assist (plugs), and air shaping. Thermoforming is the method in which sheet of plastic material is taken, heating it up for folding and forming it into a three-dimensional shape, then cutting it into a functional product and finishing it. Thermoformed plastics are increasingly being used as a metal substitute using the heavy gauge process, suitable for applications such as industrial machinery, shipping, kiosks, aerospace, and medical devices.


Rising demand for thermoformend plastics in various application sectors such as healthcare, food, medical packaging, automotive, construction, electrical & electronics, consumer goods and appliances is expected to drive the market during the forecast period due to its cost-effectiveness. Increased infrastructure activities, rapid industrialization, and developments in medical activities are projected to boost the growth of the market. A major factor driving market growth has been the growing demand from medical and pharmaceutical products globally. Additionally, developments in the healthcare sector is anticipated to fuel the market. Due to growing food, healthcare, pharmaceuticals, and agriculture packaging industries, and increasing manufacturing activities, the thermoformed plastic market is expected to grow during the forecast period. Retail shopping is becoming increasingly popular and consumer spending on processed & packaged products is likely to create opportunities for thermoformed plastic market.


Key Market Driver -

Growing demand from medical, and food sector is likley to drive the market.

Key Market Restraint -

High amount of waste is generated in the process is restraining the growth of the commercial automotive lubricants.


The thermoforming process involves the use of plastic sheets of large size that will have to be fed into the system again and again. Increased extrusion happens to be a major problem because of the very nature of the operation. In this process, the plastic street is stretched in the under pressure. Hence the products which were produced at a certain temperature using thermoforming split. Thermoforming uses more plastic compared with other processes. Up to 10 to 20 per cent more plastic is used in this process to produce any product. This raises costs and also generates substantial wastage.


Market Segmentation:


Based on type, the market for thermoforming plastic is segmented into polypropylene (PP), polystyrene (PS), polyethylene terephthalate (PET), polyethylene (PE), polyvinyl Chloride (PVC), bio-plastics, acronytrile butadene styrene (ABS), and others. Based on process, the market for thermoforming plastic is bifurcated into plug assist, thick gauge, thin gauge, and vaccum snapback. Based on end-use, the market for thermoforming plastic is classified into food & agriculture packaging, consumer goods & appliances, healthcare & pharmaceautical, construction, electrical & electronics, automotive packaging & structures, and other


From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.


Key Players Covered:


The global thermoforming plastic market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the thermoforming plastic market includes Pactiv LLC, D&W Fine Pack, Genpak, LLC, Sonoco Products Company, Fabri-Kal, Dart Container Corporation, Berry Global Inc., Amcor plc, Sabert Corporation, WINPAK LTD., Spencer Industries Inc., and others.


Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the Thermoformed Plastic Market

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market


Regional Analysis:


The thermoforming plastic market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold the major share of the global thermoforming plastic market. Rapid industrialisation and developments in the packaging industry is anticipated to boost the thermoformed plastics market in the region. Increasing numbers of thermoformed plastic products manufacturers in North America is further expected to drive the market. The U.S. is an important thermoformed plastics market followed by Canada. The demand in the North America is driven primarily by technological advancements in the packaging industry. Demand for plastic thermoformed products is expected to be driven by factors such as increased sales of electronic devices, increased demand for packaged foods, high disposable income, and demographic change.


In Asia Pacific emerging economies such as India and China have witnessed fast economic growth. China is the major manufacturer and supplier of thermoformed plastics equipment in Asia Pacific. Rapid urbanization, and increased disposable per capita revenues in the region is projected to boost the demand in the region. Furthermore, growth in the automotive industry and subsequent demand for lightweight components to increase the vehicle's performance is anticipated to fuel the demand for thermoformed plastics.


To gain extensive insights into the market, Request for Customization


Segmentation


























 ATTRIBUTE


 DETAILS

By Type




  • Polypropylene (PP)

  • Polystyrene (PS)

  • Polyethylene Terephthalate (PET)

  • Polyethylene (PE)

  • Polyvinyl Chloride (PVC)

  • Bio-Plastics

  • Acronytrile Butadene Styrene (ABS)

  • Others



By Process




  • Plug Assist

  • Thick Gauge

  • Thin Gauge

  • Vaccum Snapback



By End-use




  • Food & Agriculture Packaging

  • Consumer Goods & Appliances

  • Healthcare & Pharmaceautical

  • Construction

  • Electrical & Electronics

  • Automotive Packaging & Structures

  • Others



By Geography




  • North America (the U.S., and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (Japan, China, India, ASEAN and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)



Thermoformed Plastic Industry Developments



  • In February 2020, Sonoco Products Group, a thermoformed packaging manufacturer that serves medical equipment, healthcare, and consumer markets, renamed and branded all its manufacturing sites solely as TEQ. The legal name would become SONOCO TEQ, depending on the facilities area.

  • In March 2020, Good Natured Products Inc. has announced acquired Shepherd Thermoforming & Packaging, a leading thermoformer. Shepherd designs custom packaging for both thin gauge, and heavy gage applications, including mold construction, engineering, and final product manufacturing.


 


Thermoformed Plastic Materials Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

3M
Mobil
Iwatani
LG Chem
Mckinsey

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X