Thermoform Packaging Market Size Worth USD 55 billion by 2027

1
Thermoform Packaging Market Worth USD 55
billion by 2026
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2
Thermoform Packaging Market Overview

• The thermoform packaging market is valued at more
  than USD 40 billion in 2019. It is set to grow at
  a compounded annual growth rate of over 4. The
  market is expected to reach an approximate
  valuation of USD 55 billion by the end of 2027.
• Molded products that are obtained by the
  thermoforming process and are used for packaging
  various items are referred to as thermoform
  packaging. Properties such as lightweight,
  cost-effectiveness and reusability render
  thermoform packaging suitable for widespread
  applications. Taking advantage of the advancing
  market are companies such as DS Smith Plc.,
  Constantia Flexibles GmbH, G. Mondini S.P.A,
  Display Pack Inc., and many more.

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Segmentation of the Report

• Material Type
• Fragmented on the basis of material, the
  Polyethylene Terephthalate (PET) based thermoform
  packaging captured the largest market revenue
  share of 45 in 2019. The shift in focus towards
  sustainable packaging is the major growth driver
  for this material. Also, the thermoform packaging
  industry for Polypropylene (PP) based packaging
  is projected to expand due to its superior
  toughness property and recyclability.
• Product Type
• The container segment led the thermoform
  packaging market in 2019. Extensive use of this
  product in the food and beverage industry
  contributed significantly to its market share.
  The clamshell segment is anticipated to witness a
  high growth rate due to its growing demand in the
  electronics, home-care and food and beverage
  industry.
• End-use Industry
• Growing demand from the food and beverage
  industry has resulted in its dominance of the
  thermoform packaging market share. It accounted
  for around 51 of the global revenue market share
  at the end of 2019. Dairy and related industries
  have been a major contributing factor. The
  pharmaceutical sector ranked second in the
  thermoform packaging industry.
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4
Thermoform Packaging Market Summery

• A new study on the global Thermoform Packaging
  market has been published by Research CMFE. It
  offers detailed information on key market
  dynamics, including drivers, trends, and
  challenges for the global Thermoform Packaging
  market as well as its structure. The study offers
  valuable information on the global Thermoform
  Packaging market to illustrate how the market is
  expected to expand during the forecast period
  i.e. 20202026.
• Key indicators of market growth, which include
  value chain analysis and Compound Annual Growth
  Rate (CAGR) have been elucidated in the
  Thermoform Packaging market report in a
  comprehensive manner. This data can help readers
  interpret the quantitative growth aspects of the
  global Thermoform Packaging Market.

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Thermoform Packaging Market Key Vendors

• Major Players in Thermoform Packaging Market are
• Amcor Limited
• Bemis Company, Inc.
• Westrock Company
• DS Smith PLC
• Sonoco Products Company
• E.I. Du Pont Nemours and Company
• Constantia Flexibles GmbH
• Display Pack Inc.
• Anchor Packaging
• Tekni-Plex, Inc.
• G. Mondini SPA
• Placon Corporation
• Pactiv LLC

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Major Regions Covered in Report

• Regional Overview Analysis of Thermoform
  Packaging Market
• North America (US and Canada)
• Europe (UK, Germany, France and Rest of Europe)
• Asia Pacific (China, Japan, India and Rest of
  Asia Pacific)
• Latin America (Brazil, Mexico and Rest of Latin
  America)
• Middle East Africa (GCC and Rest of Middle East
  Africa)
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  m/customization/36

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Highlights of Thermoform Packaging Market Report

• Overview of key market forces boosting and
  restraining market growth
• Up-to-date analyses of market trends and
  technological improvements
• Pin-point analyses of market competition to offer
  you a competitive edge
• Major competitors strategies analysis
• SWOT analysis of major industry segments
• Detailed analyses of Thermoform Packaging market
  trends
• An appropriately defined technological growth map
  with Covid19 impact analysis
• A clear understanding of the competitive
  landscape and key product segments
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8
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  advisory service.

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