Thermoform Packaging Market Trends

ID: MRFR/PCM/1319-HCR

111 Pages

Snehal Singh

October 2025

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 2032

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Market Trends

Key Emerging Trends in the Thermoform Packaging Market

The thermoform packaging sector has looked for growth avenues and innovations in terms of evolutions in the packaging industry over the past few years. Thermoforming is a process of heating a plastic sheet to a soft shape-able forming temperature during which it is molded into the desired object. It has shown promissing results to many industries. One of the thermal cutting markets’ dominant motions is the increased preference for sustainable and environment friendly designs. Along with the concomitant precipitation of the ecological consciousness, it is undeniable and reasonable for both the buyers as well as the companies to look for packaging which is less harmful to the environment. Hence, due to this, the manufacturers of thermoform packaging are focusing on developed materials and production methodologies such as the recycled or biodegradable plastics among others to meet this demand.

The individuality consumerism among the corporate communication is also another important trend. Through companies' struggle to be remarkable in a congested market is more flexibility that thermoform packaging offers. The process may develop distinct shapes and designs; these add-on features can be a special ingredient to make products look special, increase their exposure, and brand recognition. It can be widely seen nowadays in food and beverage industry where attractive packaging becomes an indispensable factor to manifest this trend.

Along with the growth of e-commerce in the past few years, thermoform packaging market goes through a dramatic change. The online shops` popularity is the reason why the available packaging which keeps products safe during delivery must be economical at the same time. Thermoform packaging, in this light, is the ideal lightweight yet durable packaging material that is intended for protection of products from shipping to consumer use. Furthermore, the flexibility in the production is enhanced by automation which makes it most appropriate for the volume production and for meeting the high demand of the e-commerce sector.

The theme of cost-effectiveness in thermoform market puts its unaltered role as a major force in the material. Factories seek all the time different routes to enchance the production procedures, to cut down the material wastage and to boost general working efficiency offering competitive pricing. This cost-consciousness is especially critical for industries like pharmaceuticals, electronics and consumer goods, where profits are under intense microscope and any financial inefficiency is a negative factor.

Also, technological advancement is another vital factor that have played a great role in thermoform packaging market. An invention of materials, equipment, and CAD software led to increased productivity and capabilities of the ability to thermoform molds. For instance, the use of 3D printing technology and other technology has revolutionized the manufacturing process and led to a whole variety of unique and detailed designs in products, enhancing their presentability and branding.

Market Highlights

Author

Snehal Singh

Assistant Manager - Research

High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

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FAQs

What is the projected market valuation of The Global Thermoform Packaging by 2035?

The projected market valuation for The Global Thermoform Packaging by 2035 is 97.27 USD Billion.

What was the market valuation of The Global Thermoform Packaging in 2024?

The overall market valuation of The Global Thermoform Packaging was 54.08 USD Billion in 2024.

What is the expected CAGR for The Global Thermoform Packaging during the forecast period 2025 - 2035?

The expected CAGR for The Global Thermoform Packaging during the forecast period 2025 - 2035 is 5.48%.

Which companies are considered key players in The Global Thermoform Packaging?

Key players in The Global Thermoform Packaging include Amcor, Sealed Air, Sonoco Products Company, and Berry Global.

What are the projected values for blister and skin packaging segments by 2035?

The projected values for blister packaging and skin packaging segments are 35.0 USD Billion and 62.27 USD Billion, respectively, by 2035.

How do the material segments of The Global Thermoform Packaging compare in terms of projected values?

By 2035, plastic units are projected to reach 55.0 USD Billion, while paper and paper board and aluminum units are expected to reach 18.0 USD Billion and 24.27 USD Billion, respectively.

What are the anticipated values for heat seal coating segments by 2035?

The anticipated values for heat seal coating segments by 2035 are 18.0 USD Billion for water, 25.0 USD Billion for solvent, and 54.27 USD Billion for hot melt.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per MRFR analysis, The Global Thermoform Packaging Market Size was estimated at 54.08 USD Billion in 2024. The thermoform packaging industry is projected to grow from 57.04 USD Billion in 2025 to 97.27 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.48 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Global Thermoform Packaging Market is poised for substantial growth driven by sustainability and technological advancements.

North America remains the largest market for thermoform packaging, driven by robust demand across various sectors. The Asia-Pacific region is emerging as the fastest-growing market, fueled by increasing urbanization and consumer spending. Blister packaging continues to dominate the market, while skin packaging is rapidly gaining traction due to its efficiency and aesthetic appeal. Rising demand for sustainable packaging solutions and the expansion of the food and beverage sector are key drivers propelling market growth.

Thermoform Packaging Market

CAGR

5.48%

Market Size & Forecast

2024 Market Size	54.08 (USD Billion)
2035 Market Size	97.27 (USD Billion)
CAGR (2025 - 2035)	5.48%
Largest Regional Market Share in 2024	Europe

Major Players

Amcor (AU), Sealed Air (US), Sonoco Products Company (US), Berry Global (US), Placon Corporation (US), Greiner Packaging (AT), Pactiv Evergreen (US), Winpak Ltd. (CA), Coveris Holdings (GB)

Market Trends

The Global Thermoform Packaging Market is currently experiencing a notable evolution, driven by various factors that influence consumer preferences and industry practices. The increasing demand for sustainable packaging solutions appears to be a primary catalyst, as businesses seek to reduce their environmental footprint. This shift towards eco-friendly materials and processes is likely to reshape the competitive landscape, encouraging innovation and collaboration among manufacturers. Furthermore, the rise in e-commerce and online shopping is contributing to the growth of this market, as companies require efficient and protective packaging to ensure product integrity during transit. In addition to sustainability and e-commerce, advancements in technology are playing a crucial role in The Global Thermoform Packaging Market. Enhanced manufacturing techniques and the integration of smart packaging solutions may provide opportunities for companies to differentiate their offerings. As consumer awareness regarding packaging waste increases, the market is expected to adapt by incorporating more recyclable and biodegradable materials. Overall, The Global Thermoform Packaging Market seems poised for continued growth, with a focus on innovation, sustainability, and meeting the evolving needs of consumers and businesses alike.

Sustainability Initiatives

The emphasis on sustainable practices is reshaping The Global Thermoform Packaging Market. Companies are increasingly adopting eco-friendly materials and processes to meet consumer demand for environmentally responsible packaging. This trend not only addresses environmental concerns but also enhances brand reputation.

E-commerce Growth

The expansion of e-commerce is significantly impacting The Global Thermoform Packaging Market. As online shopping continues to rise, businesses require packaging solutions that ensure product safety during shipping. This demand drives innovation in packaging design and materials.

Technological Advancements

Technological progress is influencing The Global Thermoform Packaging Market by introducing new manufacturing techniques and smart packaging solutions. These innovations may enhance efficiency and product differentiation, allowing companies to better meet consumer expectations.

Thermoform Packaging Market Market Drivers

Growth of E-commerce and Online Retail

The rapid growth of e-commerce and online retail is significantly influencing The Global Thermoform Packaging Industry. As more consumers turn to online shopping, the demand for packaging that ensures product safety during transit is increasing. Thermoform packaging is particularly well-suited for this purpose, providing robust protection for a variety of products. Recent statistics indicate that e-commerce sales are expected to reach trillions of dollars globally, further driving the need for effective packaging solutions. This trend is likely to encourage manufacturers to focus on developing thermoform packaging that meets the specific requirements of e-commerce, thereby enhancing their market share.

Technological Innovations in Packaging

Technological advancements are playing a pivotal role in shaping The Global Thermoform Packaging Industry. Innovations such as automation in production processes and the development of advanced materials are enhancing the efficiency and quality of thermoform packaging. For instance, the introduction of smart packaging technologies, which can monitor product freshness and provide real-time information to consumers, is gaining traction. This trend is expected to attract investments in research and development, further propelling market growth. Industry analysts suggest that the integration of technology in packaging solutions could lead to a market growth rate of around 6% over the next few years.

Expansion of the Food and Beverage Sector

The food and beverage sector is experiencing robust growth, which is positively impacting The Global Thermoform Packaging Industry. As consumer preferences shift towards convenience and ready-to-eat meals, the demand for thermoform packaging solutions is expected to rise. This packaging type is particularly favored for its ability to preserve food freshness and extend shelf life. Recent data indicates that the food packaging segment accounts for a substantial share of the thermoform market, with projections suggesting a growth rate of approximately 4% annually. This expansion is likely to drive innovation in packaging designs and materials, catering to the evolving needs of consumers.

Regulatory Support for Packaging Innovations

Regulatory frameworks are increasingly supporting innovations in The Global Thermoform Packaging Industry. Governments are implementing policies that encourage the use of sustainable materials and promote recycling initiatives. This regulatory support is likely to stimulate investment in the development of new thermoform packaging solutions that comply with environmental standards. As regulations become more stringent, companies are motivated to adopt innovative practices that not only meet compliance but also enhance their brand image. This shift is expected to contribute to a steady growth trajectory for the thermoform packaging market, with estimates suggesting a potential increase in market size by 5% over the next few years.

Rising Demand for Sustainable Packaging Solutions

The increasing emphasis on sustainability is driving The Global Thermoform Packaging Industry. Consumers and businesses alike are becoming more environmentally conscious, leading to a surge in demand for eco-friendly packaging solutions. Thermoform packaging, often made from recyclable materials, aligns with these sustainability goals. According to industry reports, the market for sustainable packaging is projected to grow significantly, with a compound annual growth rate (CAGR) of over 5% in the coming years. This trend is likely to encourage manufacturers to innovate and develop more sustainable thermoform packaging options, thereby enhancing their market presence and competitiveness.

Market Segment Insights

By Type: Blister Packaging (Largest) vs. Skin Packaging (Fastest-Growing)

In The Global Thermoform Packaging Market, blister packaging holds the largest share due to its widespread use in various applications such as pharmaceuticals and consumer goods. This segment benefits from its ability to provide product visibility while ensuring product safety. On the other hand, skin packaging is gaining traction, appealing particularly to manufacturers looking for enhanced presentation and protection of products. Its unique aesthetic qualities and protective capabilities make it a compelling choice in the retail sector. The growth trends indicate blister packaging maintaining a strong position, though skin packaging is emerging rapidly. Increased consumer demand for visually appealing packaging solutions, particularly in food and consumer electronics, is driving this growth. Additionally, advancements in technology are resulting in better skin packaging solutions that offer improved sustainability, which is becoming a significant driver in market expansion.

Blister Packaging (Dominant) vs. Skin Packaging (Emerging)

Blister packaging is characterized by its robust protective features, lightweight design, and efficiency in production, which collectively contribute to its dominance in the thermoform packaging sector. Its application across pharmaceuticals ensures compliance with safety regulations while providing consumers with clear product visibility. Conversely, skin packaging is recognized as an emerging trend, particularly in food packaging, where it offers an appealing presentation that enhances product attractiveness on shelves. It utilizes a protective film that tightly conforms to the product, ensuring freshness while minimizing waste. The growing emphasis on sustainability is pushing both segments to innovate in materials and production processes, ensuring they meet consumer preferences and environmental considerations.

By Material: Plastic Units (Largest) vs. Paper and Paper Board (Fastest-Growing)

In The Global Thermoform Packaging Market, Plastic Units hold the largest market share, driven by their versatility, durability, and cost-effectiveness. This material is extensively used in various applications, including food packaging, healthcare, and consumer goods, establishing a secure foothold in the market. <a href="https://www.marketresearchfuture.com/reports/paper-paperboard-packaging-market-1894">Paper and Paper Board</a>, while smaller in share, are rapidly gaining traction as a sustainable alternative in several packaging applications, responding to increased environmental awareness among consumers and businesses alike.

Material: Plastic Units (Dominant) vs. Paper and Paper Board (Emerging)

Plastic Units dominate The Global Thermoform Packaging Market due to their remarkable adaptability and broad usage across diverse industries. Their characteristics, such as lightweight, moisture resistance, and ease of molding into various shapes, make them ideal for a range of applications, particularly in the food service and medical sectors. In contrast, Paper and Paper Board are emerging materials in this domain, appealing to environmentally conscious consumers. These materials are increasingly favored for their biodegradable and recyclable properties, positioning them as a vital alternative amidst growing concerns over plastic waste. As companies strive for sustainable practices, Paper and Paper Board's market presence is expected to expand significantly.

By Heat Seal Coating: Water (Largest) vs. Hot Melt (Fastest-Growing)

In The Global Thermoform Packaging Market, the heat seal coating segment showcases a diverse distribution among three primary values: Water, Solvent, and Hot Melt. Water-based coatings dominate this segment, owing to their eco-friendly properties and ease of application, capturing the largest market share. Conversely, solvent-based coatings hold a steady portion, providing unique benefits in adhesion and drying times, while hot melt coatings are rapidly gaining popularity due to their efficient bonding properties and versatility in various applications.

Heat Seal Coating: Water (Dominant) vs. Hot Melt (Emerging)

Water-based heat seal coatings remain dominant in The Global Thermoform Packaging Market due to their environmentally sustainable attributes, including low VOC emissions and compliance with increasing regulations. These coatings facilitate high-performance sealing and are compatible with numerous substrates, making them a preferred choice for a wide range of applications. In contrast, hot melt coatings are emerging as a fast-growing alternative, known for their quick setting times and strong seals. They offer excellent performance in demanding environments, appealing to manufacturers seeking efficient and effective sealing solutions. The increasing shift towards sustainability and demand for advanced packaging solutions further enhances the growth potential of hot melt coatings in this competitive market.

By Technology: New Technological Solutions (Largest) vs. Innovative Materials (Fastest-Growing)

In The Global Thermoform Packaging Market, the segment of New Technological Solutions holds a significant portion of the market share, driven by advancements that improve production efficiency and product quality. This segment's robust performance is supported by established players investing in research and development, refining their solutions to cater to evolving consumer demands. On the other hand, Innovative Materials are also emerging, carving out a growing niche as businesses increasingly seek sustainable and biodegradable packaging options, indicating a shift in consumer preferences toward environmentally friendly alternatives. The growth trends within the New Technological Solutions segment are bolstered by the adoption of automation and smart manufacturing techniques, which streamline operations and reduce costs. Additionally, the push for sustainable packaging solutions is compelling companies to innovate continuously, blending technology with ecological considerations. Furthermore, as the demand for customized packaging solutions rises, companies are leveraging advanced technologies to create versatile, user-friendly packaging, thus fostering growth in this segment.

New Technological Solutions: Automated Processes (Dominant) vs. Smart Packaging (Emerging)

Automated Processes represent a dominant force within the New Technological Solutions segment of The Global Thermoform Packaging Market, enhancing production speed and efficiency while minimizing labor costs. Manufacturers employing automation technologies benefit from streamlined operations, enabling them to meet consumer demands for high-quality packaging promptly. In contrast, Smart Packaging is an emerging segment that integrates technology to create interactive and informative packaging. This innovation not only enhances user experience but also allows for better monitoring of product integrity during transportation and storage. Both segments emphasize the importance of innovation, with Automated Processes focused on operational efficiency and Smart Packaging aiming to enhance functionality and customer engagement, positioning themselves strategically within the competitive landscape.

Get more detailed insights about Thermoform Packaging Market Research Report - Forecast to 2035

Regional Insights

Key Companies in the Thermoform Packaging Market market include

Industry Developments

January 2023:

A novel clamshell-style packaging design that was first patented seven years ago by Brocton, New York-based thermoformed Jamestown Plastics has made substantial progress in a variety of packaging applications. These include things like baked goods and berries as well as nuts, bolts, and other fasteners as well as consumer batteries and other food items.

In November 2023, Amcor introduced Medical Laminates' next-generation solutions as outlined by its packaging developer and producer role. The most recent innovation by Amcor allows the development of all-film packaging, which can be recycled within a polyethylene stream. It reduces the carbon footprint of the final pack while maintaining performance requirements for device applications. These new Amcor HealthCare Recycle-Ready Medical Laminates will be showcased at COMPAMED, which will take place on November 13th-16th in Düsseldorf, Germany. The new packaging solution is a mono-material polyethylene (PE) laminate that can be used for a wide range of packaging formats.

It can replace non-recyclable with recycle-ready lidding for 3D thermoformed packages, which are used for drapes, protective materials, catheters, and injection and tubing systems.

In November 2023, a new Formpeel P recyclable flexible thermoforming film solution for different medical packaging applications will be released by Coveris, a medical packaging manufacturer. During COMPAMED 2023, which will take place between November 13 and November 16 in Düsseldorf, Germany, the said film will be launched. As the company elaborates, this co-extruded one is appropriate for thermoforming and has high punch resistance.

For diverse medical packing purposes, it can be utilized as a peelable polyethylene or polyolefin base.It was in April 2024 when Plastic Ingenuity, a Cross Plains, Wisconsin-based sustainable thermoform packaging provider or launched a free online course titled Thermoform Circularity as part of its Good Information continuing education series.

The training covers the principles of thermoforming, types of polymers, mechanical recycling, advanced recycling and the progress towards a circular economy.In August 2023, DS Smith, the leading company providing environmentally friendly packaging solutions, agreed to purchase Bosi's doo, which is, among other things high-quality Serbian producer of packaging with an aim to expand its presence in the Eastern European market and add value to its existing regional packaging activities.

Future Outlook

Thermoform Packaging Market Future Outlook

The Global Thermoform Packaging Market is projected to grow at a 5.48% CAGR from 2024 to 2035, driven by increasing demand for sustainable packaging solutions and advancements in manufacturing technologies.

New opportunities lie in:

Expansion into biodegradable thermoform materials for eco-conscious consumers.
Development of customized packaging solutions for niche markets.
Investment in automation technologies to enhance production efficiency.

By 2035, the market is expected to achieve robust growth, positioning itself as a leader in sustainable packaging solutions.

Market Segmentation

Thermoform Packaging Market Type Outlook

Blister Packaging
Skin Packaging

Thermoform Packaging Market Material Outlook

Paper and Paper Board
Plastic Units
Aluminum Units

Thermoform Packaging Market Technology Outlook

Thermoform Packaging Market Heat Seal Coating Outlook

Water
Solvent
Hot Melt

Report Scope

MARKET SIZE 2024	54.08(USD Billion)
MARKET SIZE 2025	57.04(USD Billion)
MARKET SIZE 2035	97.27(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	5.48% (2024 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Market analysis in progress
Segments Covered	Market segmentation analysis in progress
Key Market Opportunities	Growing demand for sustainable packaging solutions drives innovation in The Global Thermoform Packaging.
Key Market Dynamics	Rising demand for sustainable packaging solutions drives innovation and competition in the thermoform packaging sector.
Countries Covered	North America, Europe, APAC, South America, MEA