Market Overview:

The global thermoformed plastics market is expected to exhibit a CAGR of 5.67% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Thermoformed plastics refer to synthetic and semi-synthetic materials that are manufactured and processed using the thermoforming process. They are produced by heating sheets of acrylics, bio-degradable polymers, polycarbonates, acrylonitrile butadiene styrene (ABS) and polyvinyl chloride (PVC) until they reach a pliable temperature and are further shaped and trimmed in the desired shape of the final product. Thermoformed plastics are also manufactured using vacuum snapback, plug assist forming and thick and thin gauge thermoforming techniques. They offer enhanced aesthetic and design flexibility, convenience for manufacturing large-sized components, optimal utilization of the raw materials and low manufacturing costs. As a result, thermoformed plastics are widely used for the production of automotive dashboards, seats, interior panels, air ducts and bumpers, light fixtures and electrical panels. 

Thermoformed Plastics Market Trends:

The increasing requirement for effective packaging solutions across industries is one of the key factors driving the growth of the market. Thermoformed plastics are widely used for the manufacturing of retail clamshell packaging, packaging blisters, shipping trays and packaging inserts. Moreover, the widespread product adoption in the food and beverage industry is providing a thrust to the market growth. Thermoformed plastics are extensively used for sealing food products as they provide barrier properties against bacteria, odor and moisture particles. They are also utilized in the medical industry for the production of prefilled syringes, pharmaceutical bottles, capsules, tablets and electronic systems. Additionally, the increasing adoption of in-mold labeling (IML) technique that involves the fusing of paper labels with the body of plastic containers is acting as another growth-inducing factor. IML technique enables the product manufacturers to develop aesthetically appealing and intricately designed labels and provide the content information with enhanced clarity. Other factors, including the proliferation of online retail platforms and multi-brand convenience stores, along with the increasing concerns regarding hygiene and product safety among the masses, are anticipated to drive the market toward growth. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global thermoformed plastics market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, process and application.

Breakup by Product:

• Polymethyl Methacrylate (PMMA)
• Bio-degradable Polymers
• Polyethylene (PE)
• Acrylonitrile Butadiene Styrene (ABS)
• Poly Vinyl Chloride (PVC)
• High Impact Polystyrene (HIPS)
• Polystyrene (PS)
• Polypropylene (PP)
   

Breakup by Process:

• Plug Assist Forming
• Thick Gauge Thermoforming
• Thin Gauge Thermoforming
• Vacuum Snapback
   

Breakup by Application:

• Healthcare and Medical
• Food Packaging
• Electrical and Electronics
• Automotive Packaging
• Construction
• Consumer Goods and Appliances
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amcor plc, Anchor Packaging LLC, Berry Global Inc, Brentwood Industries Inc., D&W Fine Pack, Dart Container Corporation, Fabri-Kal Corp. (Two Mitts Inc.), Genpak LLC (C-P Flexible Packaging), Greiner Packaging GmbH, Pactiv LLC, Placon Corporation, Sabert Corporation and Sonoco Products Company.

Report Coverage:

Key Questions Answered in This Report:

• How has the global thermoformed plastics market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global thermoformed plastics market?
• What are the key regional markets?
• What is the breakup of the market based on the product?
• What is the breakup of the market based on the process?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global thermoformed plastics market and who are the key players?
• What is the degree of competition in the industry?