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Global Thermoform Packaging Market: By Material: Plastic, Aluminium, Paper and Paperboard, Others; By Heat Seal Coating: Water-Based, Solvent-Based, Others; By Type; By End Use Industry; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Thermoform Packaging Market Outlook
The global thermoform packaging market attained a value of USD 43 billion in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 5% to reach USD 58 billion by 2026.
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Increasing Demand in the Food and Beverage Sector to Augment the Global Thermoform Packaging Industry Growth
Based on end use, the food and beverage industry accounted for a significant share of the market. The increased share of this category can be attributed to the widespread use of various goods, such as containers, trays, and clamshells, by packaged food manufacturers and foodservice outlets. The adoption of thermoform products in the food and beverage segment is expected to expand over the forecast period due to rising demand for convenience or packaged food products, which, in turn, is expected to further bolster the market.
North America to be one of the Leading Regions in the Global Thermoform Packaging Industry
North America holds a significant share of the industry because of the widespread presence of large-scale packaged food companies and substantial penetration of organised retail sector in the region. Furthermore, the market growth in the region is being supported by the existence of large-scale thermoform packaging producers, who are focussed on delivering innovative products to the consumers. In addition, the increased demand for frozen meat and packaged pastry items, among others, also contributes to the market expansion in North America.
Meanwhile, the Asia Pacific is expected to witness a healthy growth in the forecast period. The regional market is being driven by the growing urbanisation and the increasing product demand in various end use industries in the region, including food and beverage and personal care and cosmetics.
Thermoform Packaging Industry: Definition and Segmentation
Thermoform packaging is a type of moulded product produced by the heat treatment process, which includes melting plastic into a particular shape using heat and pressure. It is easier and less expensive than conventional plastic shaping and forming techniques as it is heated and then placed on a mould until it cools to produce the finished object.
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By material, the industry is segmented into:
- Plastic
- Aluminium
- Paper and Paperboard
- Others
The market can be broadly categorised on the basis of heat seal coating into:
- Water-Based
- Solvent-Based
- Hot Melt-Based
- Others
Based on type, the industry is divided into:
- Blister Packaging
- Clamshell Packaging
- Skin Packaging
- Others
The market can be broadly categorised on the basis of end use industry into:
- Food and Beverage
- Personal Care and Cosmetics
- Electronics
- Pharmaceuticals
- Homecare
- Others
The EMR report looks into the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Penetration of E-Commerce to Bolster the Growth of the Thermoform Packaging Industry
The rapid expansion of the e-commerce industry, especially in emerging economies like India, is expected to aid the growth of the thermoform packaging industry. In addition, the increased penetration of e-food delivery platforms has resulted in an increase in demand for packaged food, such as prepared cuisine and packaged meat and seafood items, which has significantly contributed to the industry expansion. The rapid urbanisation and changing lifestyles around the world, combined with an increase in the number of organised and e-retail networks, are likely to drive the market over the forecast period. Furthermore, the constantly developing global pharmaceutical sector, which is being supported by the increased prevalence of chronic diseases and an aging population, is further driving the product demand in the segment, as pharmaceutical companies favour thermoformed blisters for their effective unit dose packing.
Key Industry Players in the Global Thermoform Packaging Market
The report presents a detailed analysis of the following key players in the thermoform packaging market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Display Pack, Inc.
- DS Smith Plc
- Lacerta Group, Inc.
- Sonoco Products Company
- WestRock Company
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Material, Heat Seal Coating, Type, End Use Industry, Region |
| Breakup by Material | Plastic, Aluminium, Paper and Paperboard, Others |
| Breakup by Heat Seal Coating | Water-Based, Solvent-Based, Hot Melt-Based, Others |
| Breakup by Type | Blister Packaging, Clamshell Packaging, Skin Packaging, Others |
| Breakup by End Use Industry | Food and Beverage, Personal Care and Cosmetics, Electronics, Pharmaceuticals, Homecare, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Display Pack, Inc., DS Smith Plc, Lacerta Group, Inc., Sonoco Products Company, WestRock Company, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Thermoform Packaging Market Analysis
8.1 Key Industry Highlights
8.2 Global Thermoform Packaging Historical Market (2018-2022)
8.3 Global Thermoform Packaging Market Forecast (2023-2028)
8.4 Global Thermoform Packaging Market by Material
8.4.1 Plastic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Aluminium
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Paper and Paperboard
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Thermoform Packaging Market by Heat Seal Coating
8.5.1 Water-Based
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Solvent-Based
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Hot Melt-Based
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Thermoform Packaging Market by Type
8.6.1 Blister Packaging
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Clamshell Packaging
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Skin Packaging
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Thermoform Packaging Market by End Use Industry
8.7.1 Food and Beverage
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Personal Care and Cosmetics
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Electronics
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Pharmaceuticals
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Homecare
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
8.7.6 Others
8.8 Global Thermoform Packaging Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Thermoform Packaging Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Thermoform Packaging Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Thermoform Packaging Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Thermoform Packaging Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Thermoform Packaging Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Display Pack, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 DS Smith Plc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Lacerta Group, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Sonoco Products Company
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 WestRock Company
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Thermoform Packaging Market: Key Industry Highlights, 2018 and 2028
2. Global Thermoform Packaging Historical Market: Breakup by Material (USD Billion), 2018-2022
3. Global Thermoform Packaging Market Forecast: Breakup by Material (USD Billion), 2023-2028
4. Global Thermoform Packaging Historical Market: Breakup by Heat-Seal Coating (USD Billion), 2018-2022
5. Global Thermoform Packaging Market Forecast: Breakup by Heat-Seal Coating (USD Billion), 2023-2028
6. Global Thermoform Packaging Historical Market: Breakup by Type (USD Billion), 2018-2022
7. Global Thermoform Packaging Market Forecast: Breakup by Type (USD Billion), 2023-2028
8. Global Thermoform Packaging Historical Market: Breakup by End-Use Industry (USD Billion), 2018-2022
9. Global Thermoform Packaging Market Forecast: Breakup by End-Use Industry (USD Billion), 2023-2028
10. Global Thermoform Packaging Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Thermoform Packaging Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Thermoform Packaging Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Thermoform Packaging Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Thermoform Packaging Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Thermoform Packaging Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Thermoform Packaging Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Thermoform Packaging Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Thermoform Packaging Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Thermoform Packaging Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Thermoform Packaging Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Thermoform Packaging Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Global Thermoform Packaging Market Structure
Key Questions Answered in the Report
In 2020, the global thermoform packaging market attained a value of nearly USD 43 billion.
The market is projected to grow at a CAGR of 5% between 2023 and 2028.
The key market drivers guiding the growth of the industry include extensive applications of thermoform packaging, high demand for food packaging, rapid urbanisation, changing lifestyles, and increase in demand for light-weight eco-friendly packaging.
The key industry trends are rapid expansion of the e-commerce industry and increased penetration of e-food delivery platforms.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The materials include plastic, aluminium, paper and paperboard, among others.
The significant classification of products available in the industry by heat seal coating are water-based, solvent-based, and hot melt-based, among others.
The types of thermoform packaging are blister packaging, clamshell packaging, and skin packaging, among others.
The end-uses include food and beverage, personal care and cosmetics, electronics, pharmaceuticals, and homecare, among others.
The major players in the industry are Display Pack, Inc., DS Smith Plc, Lacerta Group, Inc., Sonoco Products Company, and WestRock Company, among others.
Analyst Review
The global thermoform packaging market attained a value of USD 43 billion in 2020, driven by growing demand for food packaging. Aided by increasing demand for light-weight eco-friendly packaging and increased penetration of e-food delivery platforms, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on material, the industry can be segmented into plastic, aluminium, paper and paperboard, among others. Based on heat seal coating, the industry can be segmented into water-based, solvent-based, and hot melt-based, among others. Based on type, the industry can be segmented into blister packaging, clamshell packaging, and skin packaging, among others. Based on end-use industry, the industry can be segmented into food and beverage, personal care and cosmetics, electronics, pharmaceuticals, and homecare, among others. The major regional markets for thermoform packaging are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Display Pack, Inc., DS Smith Plc, Lacerta Group, Inc., Sonoco Products Company, and WestRock Company, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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