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Thermoform Packaging Market Trends

  • Report ID: GMI7823
  • Published Date: Jan 2024
  • Report Format: PDF

Thermoform Packaging Market Trends

There is a noticeable shift towards sustainable and eco-friendly materials, with an increasing emphasis on biodegradable and compostable options. Consumers are increasingly demanding packaging solutions that align with environmental consciousness, prompting the industry to explore innovative materials that minimize ecological impact. A significant consumer-specific trend is the growing preference for convenience and on-the-go packaging.
 

Thermoform packaging is adapting to this demand by offering easy-to-open, resealable, and portion-controlled packaging formats, catering to the evolving lifestyle needs of consumers. In terms of technology, the market is witnessing the integration of advanced manufacturing processes, including digital printing and automation, to enhance efficiency and reduce production costs. These technological advancements not only streamline the thermoforming process but also enable manufacturers to meet the increasing demand for customization.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global thermoform packaging industry was valued at USD 50.3 billion in 2023 and is anticipated to register a CAGR of over 5.7% between 2024 and 2032, driven by customization, sustainability, and innovation.

Polyethylene material segment accounted for a revenue worth USD 22.3 billion in 2023, owing to its versatility and widespread use in various packaging applications.

North America thermoform packaging market generated a revenue of over USD 19 million in 2023 and is poised to grow steadily through 2032, propelled by a mature and well-established packaging industry, coupled with a high level of technological sophistication.

Amcor Plc, Sonoco Products Company, DS Smith Plc, WestRock Company, Anchor Packaging, Inc., Placon Corp, Display Pack Inc., Pactiv LLC, Dart Container Corp., Constantia, RPC Group Plc, D&W Fine Pack, Lacerta Group Inc. are some of the major industry contenders.

Thermoform Packaging Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 188
  • Countries covered: 21
  • Pages: 300
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