Thermoform Packaging Market Research Report - Forecast to 2023

Thermoform Packaging Market Research Report - Forecast to 2023

ID: MRFR/PNT/1319-CRR | March, 2018 | Region: Global | 130 pages | Cooked Research Reports

Global Thermoform Packaging Market, By Material (Plastic, Paper & Paperboard, Aluminum), Type (Blister Packaging, Skin Packaging, Clamshell Packaging, Others), Heat Seal Coating (Water-Based, Solvent-Based, Hot Melt-Based), Application and Region - Forecast 2023


Market Scenario


Thermoforming is a manufacturing process where thermoplastic sheets are heated to a temperature where it can be easily bent to form the desired product. This type of packaging is largely used for food packing to maintain its freshness and increase the shelf life of the product. Various retailers and food processors prefer thermoformed containers for packaging over other packaging techniques. According to the MRFR analysis, the market for thermoform packaging is growing at a rapid pace and is expected to gain prominence over the forecast period. The global thermoform packaging market is estimated to grow at a CAGR of 5.72% during the estimated period (2017-2023).


The thermoform packaging market is driven by several factors such as increased consumption of processed and packed foods & beverages. This packaging is light, flexible, odor-free, and moisture-free. Therefore, it is more preferred over other packaged product such as glass. Due to these properties, the demand for thermoform packaging is likely to grow in the near future. Moreover, environmental advantages of thermoform packaging are also stimulating the growth of the market. This packaging includes low raw material consumption, low carbon emission, and relatively low waste produced as compared to other packaging formats. However, availability of another alternative packaging may hinder the growth of the market.


On the basis of the regions, the global thermoform packaging market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). European region accounted for the largest market share in 2016 due to the presence of a high industrial base such as automobiles, food and beverages, and pharmaceuticals. Germany, the U.K, and France are the major markets in the region. North America is another major region the thermoform packaging market mainly due to the presence major retail chains such as Walmart Stores, and The Kroger Co. The U.S. accounts for a major share of the North American market.


Asia Pacific region is projected to grow at the highest CAGR during the forecast period owing to booming e-commerce industry. E-commerce industry offers an attractive and suitable shopping option to customers, which provides an innovative, sustainable, and seamless experience over all the channels. This induces the growth of thermoform packaging. Additionally, high growth in population and increasing purchase power of the consumer’s boost the growth of the market. China, Thailand, and India are the vital contributor to Asia Pacific market. China accounts for the largest market share in the region mainly due to fast growth in the urbanization and industrial development.


Segmentation: Global Thermoform Packaging Market


 Thermoform Packaging Market


For the purpose of the study, the market has been segmented based on material, type, heat seal coating, and application. On the basis of the material, the market is segmented into plastic, paper & paperboard, and aluminium. The plastic accounted for the largest market share in 2016 as it provides high barriers, cost efficiency, temperature resistance, and durable packaging. Plastic in the form of PVC, PE, PP, and others are used largely in plastic thermoform packaging segment.


On the basis of the heat seal coating, the market is segmented into water-based, solvent-based, and hot melt-based. The solvent-based heat seal coating segment accounted for the largest market share of in 2016 due to its several advantages such as strong bond strength that can be processed at different temperatures and resistance to water and grease. Water-based heat seal coating is estimated to grow at the highest CAGR during the forecast period because it provides a strong bond between corrugated and polyethylene skin pack films and reduces several adhesion challenges of thermoform packaging and pouring the thermoform packaging market.


Based on the application, the market is segmented into food & beverage, pharmaceuticals, electronics, personal care and others. The food & beverages segment accounted for the largest market share in 2016. Thermoformed products are largely used by the food industry for the packing of fruits, vegetables, meat, poultry, fish in addition to prepared meals, and storage products. Pharmaceutical is another major application of the thermoform packaging.


Industry News


In 2017 Nelipak, a thermoformed medical packaging provider has completed the acquisition of thermoforming company Computer Designs Incorporated. Under the new brand of Nelipak Healthcare Packaging, the company will develop its thermoformed packaging products and service capabilities for the healthcare market.


Sirap-Gema (Italy) has completed the acquisition of two subsidiaries of Reynolds Group Holdings. Both the companies Kama Europe and Reynolds Food Packaging Spain produce the rigid plastic thermoformed food packaging trays.


Hence, global thermoform packaging market is expected to reach a market size of USD 104,999.8 million by the end of the forecast period at CAGR of 5.72%.


The prominent players in the thermoform packaging are Bemis Company Inc. (U.S.), Amcor Limited (Australia), Sealed Air Corporation (U.S.), Sonoco Products Company (U.S.), E.I. du Pont de Nemours and Company (U.S.), WestRock Company (U.S.), Tray Pack Corporation (U.S.), DS Smith Plc (U.K), Display Pack Inc. (U.S.), Lacerta Group (U.S.), RPC Group Plc (U.K), Silgan Holdings Inc. (U.S.),  Anchor Packaging (U.S.), Tekni-plex Inc. (U.S.), and Constantia Flexibles Group GmbH (Austria).

1    Executive Summary    

2    Scope Of The Report    


2.1    Market Definition    

2.2    Scope Of The Study    

2.2.1    Research Objectives    

2.2.2    Assumptions & Limitations    

2.3    Markets Structure    

3    Market Research Methodology    

3.1    Research Process    

3.2    Secondary Research    

3.3    Primary Research    

3.4    Forecast Model    

4    Market Landscape    

4.1    Five Forces Analysis    

4.1.1    Threat Of New Entrants    

4.1.2    Bargaining power of buyers    

4.1.3    Threat of substitutes    

4.1.4    Segment rivalry    

4.2    Value Chain of Global Thermoform Packaging Market    

5    Industry Overview of Global Thermoform Packaging Market

5.1    Introduction    

5.2    Growth Drivers    

5.3    Impact analysis    

5.4    Market Challenges    

5.5    Impact analysis     

6    Market Trends    

6.1    Introduction    

6.2    Growth Trends    

6.3    Impact analysis    

7.    Global Thermoform Packaging Market by Type    

8.    Global Thermoform Packaging Market by Material    

9.    Global Thermoform Packaging Market by Application

10.  Global Thermoform Packaging Market by Region


11.  Company Profiles    

11.1    Bemis Company, Inc

11.1.1    Overview    

11.1.2    Financials    

11.1.3    Product Portfolio    

11.1.4    Business Strategies    

11.1.5    Recent Development    

11.2    Sonoco Products Company

11.2.1    Overview    

11.2.2    Financials    

11.2.3    Product Portfolio    

11.2.4    Business Strategies    

11.2.5    Recent Development    

11.3    E.I. du Pont de Nemours and Company

11.3.1    Overview    

11.3.2    Financials    

11.3.3    Product Portfolio    

11.3.4    Business Strategies    

11.3.5    Recent Development    

11.4    Amcor Limited

11.4.1    Overview    

11.4.2    Financials    

11.4.3    Product Portfolio    

11.4.4    Business Strategies    

11.4.5    Recent Development    

11.5    DS Smith Plc.

11.5.1    Overview    

11.5.2    Financials    

11.5.3    Product Portfolio    

11.5.4    Business Strategies    

11.5.5    Recent Development    

11.6    WestRock Company

11.6.1    Overview    

11.6.2    Financials    

11.6.3    Product Portfolio    

11.6.4    Business Strategies    

11.6.5    Recent Development    

11.7    Display Pack Inc  

 11.7.1    Overview    

11.7.2    Financials    

11.7.3    Product Portfolio    

11.7.4    Business Strategies    

11.7.5    Recent Development    

11.8    Tray Pack Corporation

11.8.1    Overview    

11.8.2    Financials    

11.8.3    Product Portfolio    

11.8.4    Business Strategies    

11.8.5    Recent Development    

11.9    Lacerta Group, Inc

11.9.1    Overview    

11.9.2    Financials    

11.9.3    Product Portfolio    

11.9.4    Business Strategies    

11.9.5    Recent Development    

11.10     Sealed Air

11.10.1     Overview    

11.10.2     Financials    

11.10.3     Product Portfolio    

11.10.4     Business Strategies    

11.10.5     Recent Development    

12    Conclusion    

 

LIST OF TABLES

Table 1 World Population By Major Regions (2015 To 2030) (Million)

Table 2 Global Thermoform Packaging Market: By Region, 2014-2022 (Usd Million)

Table 3 Global Thermoform Packaging Market: By Region, 2014-2022 (Kt)

Table 4 North America Thermoform Packaging Market: By Country, 2014-2022 (Usd Million)

Table 5 Europe Thermoform Packaging Market: By Country, 2014-2022 (Usd Million)

Table 6 Asia-Pacific Thermoform Packaging Market: By Country, 2014-2022 (Usd Million)

Table 7 RoW Thermoform Packaging Market: By Country, 2014-2022 (Usd Million)

Table 8 Global Thermoform Packaging Market: By Regions, 2014-2022 (Usd Million)

Table 9 North America Thermoform Packaging Market By Material: By Country, 2014-2022 (Usd Million)

Table 10 Europe America Thermoform Packaging Market By Material: By Country, 2014-2022 (Usd Million)

Table 11 Asia-Pacific America Thermoform Packaging Market By Material: By Country, 2014-2022 (Usd Million)

Table 12 RoW America Thermoform Packaging Market By Material: By Country, 2014-2022 (Usd Million)

Table 13 Global Thermoform Packaging Market for Application : By Regions, 2014-2022 (Usd Million)

Table 14 North America Thermoform Packaging Market for Application: By Country, 2014-2022 (Usd Million)

Table 15 Europe Thermoform Packaging Market for Application: By Country, 2014-2022 (Usd Million)

Table 16 Asia-Pacific Thermoform Packaging Market for Application: By Country, 2014-2022 (Usd Million)

Table 17 RoW Thermoform Packaging Market for Application: By Country, 2014-2022 (Usd Million)

Table 18 Global Material Market: By Region, 2014-2022 (Usd Million)

Table 19 Global Product Market: By Region, 2014-2022 (Usd Million)

Table 20 North America Thermoform Packaging Market, By Country (Usd Million)

Table 21 North America Thermoform Packaging Market, By Material  (Million Usd)

Table 22 North America Thermoform Packaging Market, By Application  (Million Usd)

Table 23 Europe Thermoform Packaging Market, By Country (Usd Million)

Table 24 Europe Thermoform Packaging Market, By Material  (Million Usd)

Table 25 Europe Thermoform Packaging Market, By Application  (Million Usd)

Table 26 Asia- Pacific Thermoform Packaging Market, By Country (Usd Million)

Table 27 Asia-Pacific Thermoform Packaging Marke, By Material  (Million Usd)

Table 28 Asia-Pacific Thermoform Packaging Market, By Application (Million Usd)

Table 29 RoW: Thermoform Packaging Market, By Country (Usd Million)

Table 30 RoW Thermoform Packaging Market, By Material  (Million Usd)

Table 31 RoW: Thermoform Packaging Market, By Application (Million Usd)

 

LIST OF FIGURES

FIGURE 1  Global Thermoform Packaging Market market segmentation  

FIGURE 2  Forecast Methodology  

FIGURE 3  Five Forces Analysis of Thermoform Packaging Market

FIGURE 4  Value Chain of Global Thermoform Packaging Market

FIGURE 5  Share of Global Thermoform Packaging Market in 2014, by country (in %)  

FIGURE 6  Global Thermoform Packaging Market, 2015-2022, (USD billion)  

FIGURE 7  Sub-segments of Global Thermoform Packaging Market

FIGURE 8  Global Thermoform Packaging Market size by Material

FIGURE 9  Share of Plastic in Global Thermoform Packaging Market, 2012 to 2022  

FIGURE 10 Share of Paper in Global Thermoform Packaging Market, 2012 to 2022  

FIGURE 11 Share of Aluminum in Global Thermoform Packaging Market, 2012 to 2022

FIGURE 12 Global Thermoform Packaging Market size by Product

FIGURE 13 Share of Food & Beverage in Global Thermoform Packaging Market, 2012 to 2022     

FIGURE 14 Share of Pharmaceuticals in Global Thermoform Packaging Market, 2012 to 2022     

FIGURE 15 Share of Electronics in Global Thermoform Packaging Market, 2012 to 2022

FIGURE 16 Share of Personal Care in Global Thermoform Packaging Market, 2012 to 2022