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The global thermoformed plastics for printing market is expected to grow at a CAGR of 6% in the forecast period of 2024-2032.
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Based on plastic type, the polycarbonate segment occupies a significant share in the market and is likely to attain a considerable growth in the forecast period. The growth of the segment can be attributed to the rising demand for polycarbonates, owing to their high durability, high strength, easy to cut and shape characteristics, thermal insulation properties, and lightweight, among others. Some grades of polycarbonates are optically transparent, which makes them easier to be engineered for printing applications. Meanwhile, the demand for high-impact polystyrene is anticipated to witness a significant growth in the forecast period due to its properties like good impact resistance, excellent machinability, excellent dimensional stability, and comparatively low cost. The high-impact polystyrene provides a detailed representation of the model for exhibition; therefore, the material is likely to witness a high demand for various printing applications such as billboard signage and panel beaters signage.
The growth of the industry in North America can be attributed to the thriving advertising industry in countries like the United States and Canada. The rapid technological advancements and the use of advanced printing solutions in the region have propelled the demand for display and outdoor signages for effective product marketing. Meanwhile, the market in the forecast period is likely to be aided by the growing R&D activities associated with plastic engineering, which is expected to bolster the demand for thermoformed plastics for 3D printing in the region.
Thermoformed plastics refer to a type of plastic made through a collection of manufacturing methods in which extruded plastics are heated and moulded to form sheets of extruded plastics. Drape, vacuum, and pressure forming are some of the popular thermoforming methods used in the market.
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Based on plastic type, the market is divided into:
On the basis of process, the industry is segmented into:
By thickness, the market has been segmented into:
The significant applications of thermoformed plastics for printing include:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global thermoformed plastics for printing industry is driven by the growing demand for the product to manufacture promotional and branding products. Thermoformed plastics have the ability to take any shape and can easily be transformed into something visually appealing. The crisp details with formed textures and logos offered by the material make the end product stand apart, thereby, propelling the demand for thermoformed plastics. The growing awareness about the various benefits of thermoformed plastics for printing such as its ability to be dyed in any colour and others is also aiding the market. Over the forecast period, the market is expected to be aided by the increasing consumer preference for online channels and the growing advancements in print technology.
The report gives a detailed analysis of the following key players in the global thermoformed plastics for printing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Plastic Type |
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Breakup by Process |
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Breakup by Thickness |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global thermoformed plastics for printing market is estimated to grow at a CAGR of 6% between 2024 and 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the thriving advertising and publishing industry, increasing consumer preference for online channels, growing advancements in print technology, and growing research and development activities associated with plastic engineering.
The growing demand for the product to manufacture promotional and branding products and the growing awareness about the various benefits of thermoformed plastics for printing are the key trends guiding the growth of the industry.
Polycarbonate, high impact polystyrene, acrylonitrile butadiene styrene, polyvinyl chloride, polyethylene terephthalate glycol, and acrylic, among others are the major plastic types.
Vacuum forming, pressure forming, and mechanical forming, among others are the different processes through which the product is made.
Thin gauge and thick gauge are the market segmentation based on thickness.
Display and outdoor signages, promotional and branding products, and gaming panels, among others are the significant applications of the product.
The major players in the industry are Sonoco Products Company, Plaskolite LLC, and Palram Industries Ltd., among others.
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