Thermoformed Plastics Market Research Report - Forecast to 2027

Thermoformed Plastics Market Research Report– by product (PET, PE, HIPS), process (vacuum forming, pressure forming), application (healthcare, food packaging, electrical & electronics, automotive packaging), by region – Forecast till 2027

ID: MRFR/CnM/4365-HCR | February 2021 | Region: Global | 100 pages

Thermoformed Plastics Market Overview

Thermoformed plastics are manufactured via a process of the same name, which involves taking a sheet of plastic material, heating it up until pliable, forming it to a three-dimensional shape, then trimming and finishing it into a usable product.

The various applications of thermoformed plastics in major end-use industries such as healthcare & medical, food packaging, electrical & electronics, automotive packaging, and others. The primary adoption of thermoformed plastics is in the healthcare sector owing to the anti-bacterial property and resistance to odor and moisture. These plastics are uniquely engineered which justifies their use as surgical gloves and urology disposables. The other factors driving the global thermoformed plastics market is its use in food packaging. The increasing disposable income and the demand for packaging of ready-to-go processed foods have augmented the market growth of thermoformed plastics. Thermoformed plastics are widely consumed in automotive packaging as it is lightweight yet stronger than the conventional packaging materials such as glass and wood. These properties also enable their application in a lightweight, strong, and efficient consumer goods and appliances. Thermoformed plastics are also used in the construction sector for manufacturing concrete, flooring, and furniture which is expected to further fuel the market during the review period. Furthermore, properties such as chemical resistance, heat deflection, rigidity, and dielectric strength account for the adoption of thermoformed plastics in electrical and electronic appliances, resulting in the increasing sales and consumption, which is projected to drive the market. The market developments such as acquisition and expansion are likely to offer substantial opportunities for the market growth. For instance, in November 2016, Amut, a provider of plastic extrusion solutions, introduced new generation thermoforming machines operating with a production speed of up to 35 cycles per minute. Additionally, Sonoco Products Company has announced to acquire Highland Packaging Solutions in March 2018 thus, strengthening the thermoformed plastic business.


Global Thermoformed Plastics Share, by the End-use Industry (%)


 Thermoformed Plastics Share


Source: MRFR analysis


Regional Analysis


The global thermoformed plastics market is segmented into five regions Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Asia Pacific is the fastest emerging region in the global thermoformed plastics due to the high demand for the product in end-use industries such as healthcare, food & beverage, electrical and electronics. The growth can be attributed to the growing packaging industry in countries such as China, India, and Japan.


North America is the second largest region in the global thermoformed plastics market due to the high production and sales of food & beverage, medical products, and automotive.


The European market is growing due to the rising demand for the product from food & beverage and pharmaceutical industries.


The Middle East & Africa are expected to experience a significant market growth due to the expanding infrastructure and construction activities in this region.


Segmentation


The global thermoformed plastics market is segmented on the basis of the product, process, application, and region.


On the basis of the product, the global thermoformed plastics market is segmented into polyethylene terephthalate (PET), polyethylene (PE), acrylonitrile butadiene styrene (ABS), polystyrene (PS), polyvinyl chloride (PVC), polypropylene (PP), polymethyl methacrylate (PMMA), high impact polystyrene (HIPS), and others.


The global thermoformed plastics market is segmented by its processes such as vacuum forming, pressure forming, heavy gauge (thick) thermoforming, thin thermoforming, plug assist, and others.


By the application, the market is segmented as healthcare & medical, food packaging, electrical & electronics, automotive packaging, construction, consumer goods & appliances, and others.


Geographically, the global thermoformed plastics market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Key Players


Some of the manufacturers operating in the global thermoformed plastics market are Pactiv LLC (U.S.), Sonoco Products Company (U.S.), Spencer Industries Incorporated (U.S.), D&W Fine Pack LLC (U.S.), Brentwood Industries (U.S.), Genpak, LLC (U.S.), Placon (U.S.), Silgan Plastics (U.S.), Graham Packaging Company (U.S.), Wilbert Plastic Services, Inc. (U.S.).


Industry Update:


July 2019: US-based Rohrer is a packaging solutions provider that recently opened its thermoforming facility in Tijuana, Mexico. This facility is conditionally operational while its official opening is scheduled to take place in late 2019.

Intended Audience



  • Thermoformed plastics Manufacturers

  • Traders and distributors of thermoformed plastics

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant value
  CAGR   2019–2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product, Process, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Pactiv LLC (U.S.), Sonoco Products Company (U.S.), Spencer Industries Incorporated (U.S.), D&W Fine Pack LLC (U.S.), Brentwood Industries (U.S.), Genpak, LLC (U.S.), Placon (U.S.), Silgan Plastics (U.S.), Graham Packaging Company (U.S.), Wilbert Plastic Services, Inc. (U.S.).
  Key Market Opportunities   The market developments such as acquisition and expansion are likely to offer substantial opportunities for the market growth.
  Key Market Drivers

  • Its use in food packaging.
  • The increasing disposable income and the demand for packaging of ready-to-go processed foods


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    Frequently Asked Questions (FAQ) :


    The different applications of thermoformed plastics include automotive packaging, electrical and electronics, food packaging, and healthcare and medical.

    Asia Pacific is predicted to have maximum share in the thermoformed market during the forecast period.

    Notable players profiled in the thermoformed market include Wilbert Plastic Services, Inc. (U.S.), Graham Packaging Company (U.S.), Silgan Plastics (U.S.), Placon (U.S.), Genpak, LLC (U.S.), Brentwood Industries (U.S.), D&W Fine Pack LLC (U.S.), Spencer Industries Incorporated (U.S.), Sonoco Products Company (U.S.), and Pactiv LLC (U.S.).

    Automotive packaging is the largest consumer of thermoformed plastics.

    Chemical resistance, dielectric strength, rigidity, and heat deflection are the key properties of thermoformed plastics.

    TABLE OF CONTENTS

    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 Product

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Porter’s Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining Power of Buyers

    4.1.3 Bargaining Power of Suppliers

    4.1.4 Threat of Substitutes

    4.1.5 Segment Rivalry

    4.2 Value Chain/Supply Chain of Global Thermoformed Plastics Market

    5 Industry Overview of Global Thermoformed Plastics Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact Analysis

    5.4 Market Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact Analysis

    7. Global Thermoformed Plastics Market by Product

    7.1 Introduction

    7.2 Polyethylene Terephthalate

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast by Region, 2020-2027

    7.3 Polyethylene

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast by Region, 2020-2027

    7.4 Acrylonitrile Butadiene Styrene

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast by Region, 2020-2027

    7.5 Polystyrene

    7.5.1 Market Estimates & Forecast, 2020-2027

    7.5.2 Market Estimates & Forecast by Region, 2020-2027

    7.6 Polyvinyl Chloride

    7.6.1 Market Estimates & Forecast, 2020-2027

    7.6.2 Market Estimates & Forecast by Region, 2020-2027

    7.7 Polypropylene

    7.7.1 Market Estimates & Forecast, 2020-2027

    7.7.2 Market Estimates & Forecast by Region, 2020-2027

    7.8 Polymethyl Methacrylate

    7.8.1 Market Estimates & Forecast, 2020-2027

    7.8.2 Market Estimates & Forecast by Region, 2020-2027

    7.9 High Impact Polystyrene

    7.9.1 Market Estimates & Forecast, 2020-2027

    7.9.2 Market Estimates & Forecast by Region, 2020-2027

    8. Global Thermoformed Plastics Market by Process

    8.1 Introduction

    8.2 Vacuum forming

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast by Region, 2020-2027

    8.3 Pressure forming

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast by Region, 2020-2027

    8.4 Heavy gauge thermoforming

    8.4.1 Market Estimates & Forecast, 2020-2027

    8.4.2 Market Estimates & Forecast by Region, 2020-2027

    8.5 Thin thermoforming

    8.5.1 Market Estimates & Forecast, 2020-2027

    8.5.2 Market Estimates & Forecast by Region, 2020-2027

    8.6 Plug assist

    8.6.1 Market Estimates & Forecast, 2020-2027

    8.6.2 Market Estimates & Forecast by Region, 2020-2027

    8.7 Others

    8.7.1 Market Estimates & Forecast, 2020-2027

    8.7.2 Market Estimates & Forecast by Region, 2020-2027

    9. Global Thermoformed Plastics Market by Application

    9.1 Introduction

    9.2 Healthcare & medical

    9.2.1 Market Estimates & Forecast, 2020-2027

    9.2.2 Market Estimates & Forecast by Region, 2020-2027

    9.3 Food packaging

    9.3.1 Market Estimates & Forecast, 2020-2027

    9.3.2 Market Estimates & Forecast by Region, 2020-2027

    9.4 Electrical & electronics

    9.4.1 Market Estimates & Forecast, 2020-2027

    9.4.2 Market Estimates & Forecast by Region, 2020-2027

    9.5 Automotive packaging

    9.5.1 Market Estimates & Forecast, 2020-2027

    9.5.2 Market Estimates & Forecast by Region, 2020-2027

    9.6 Construction

    9.6.1 Market Estimates & Forecast, 2020-2027

    9.6.2 Market Estimates & Forecast by Region, 2020-2027

    9.7 Consumer goods & appliances

    9.7.1 Market Estimates & Forecast, 2020-2027

    9.7.2 Market Estimates & Forecast by Region, 2020-2027

    9.8 Others

    9.8.1 Market Estimates & Forecast, 2020-2027

    9.8.2 Market Estimates & Forecast by Region, 2020-2027

    10. Global Thermoformed Plastics Market by Region

    10.1 Introduction

    10.2 North America

    10.2.1 Market Estimates & Forecast, 2020-2027

    10.2.2 Market Estimates & Forecast by Product, 2020-2027

    10.2.3 Market Estimates & Forecast by Process, 2020-2027

    10.2.4 US

    10.2.4.1 Market Estimates & Forecast, 2020-2027

    10.2.4.2 Market Estimates & Forecast by Product, 2020-2027

    10.2.4.3 Market Estimates & Forecast by Process, 2020-2027

    10.2.5 Canada

    10.2.5.1 Market Estimates & Forecast, 2020-2027

    10.2.5.2 Market Estimates & Forecast by Product, 2020-2027

    10.2.5.3 Market Estimates & Forecast by Process, 2020-2027

    10.2.6 Mexico

    10.2.6.1 Market Estimates & Forecast, 2020-2027

    10.2.6.2 Market Estimates & Forecast by Product, 2020-2027

    10.2.6.3 Market Estimates & Forecast by Process, 2020-2027

    10.3 Europe

    10.3.1 Market Estimates & Forecast, 2020-2027

    10.3.2 Market Estimates & Forecast by Product, 2020-2027

    10.3.3 Market Estimates & Forecast by Process, 2020-2027

    10.3.4 Germany

    10.3.4.1 Market Estimates & Forecast, 2020-2027

    10.3.4.2 Market Estimates & Forecast by Product, 2020-2027

    10.3.4.3 Market Estimates & Forecast by Process, 2020-2027

    10.3.5 Italy

    10.3.5.1 Market Estimates & Forecast, 2020-2027

    10.3.5.2 Market Estimates & Forecast by Product, 2020-2027

    10.3.5.3 Market Estimates & Forecast by Process, 2020-2027

    10.3.6 UK

    10.3.6.1 Market Estimates & Forecast, 2020-2027

    10.3.6.2 Market Estimates & Forecast by Product, 2020-2027

    10.3.6.3 Market Estimates & Forecast by Process, 2020-2027

    10.4 Asia Pacific

    10.4.1 Market Estimates & Forecast, 2020-2027

    10.4.2 Market Estimates & Forecast by Product, 2020-2027

    10.4.3 Market Estimates & Forecast by Process, 2020-2027

    10.4.4 China

    10.4.4.1 Market Estimates & Forecast, 2020-2027

    10.4.4.2 Market Estimates & Forecast by Product, 2020-2027

    10.4.4.3 Market Estimates & Forecast by Process, 2020-2027

    10.4.5 India

    10.4.5.1 Market Estimates & Forecast, 2020-2027

    10.4.5.2 Market Estimates & Forecast by Product, 2020-2027

    10.4.5.3 Market Estimates & Forecast by Process, 2020-2027

    10.4.6 Japan

    10.4.6.1 Market Estimates & Forecast, 2020-2027

    10.4.6.2 Market Estimates & Forecast by Product, 2020-2027

    10.4.6.3 Market Estimates & Forecast by Process, 2020-2027

    10.4.7 Rest of Asia Pacific

    10.4.7.1 Market Estimates & Forecast, 2020-2027

    10.4.7.2 Market Estimates & Forecast by Product, 2020-2027

    10.4.7.3 Market Estimates & Forecast by Process, 2020-2027

    10.5 The Middle East & Africa

    10.5.1 Market Estimates & Forecast, 2020-2027

    10.5.2 Market Estimates & Forecast by Product, 2020-2027

    10.5.3 Market Estimates & Forecast by Process, 2020-2027

    10.5.4 Saudi Arabia

    10.5.4.1 Market Estimates & Forecast, 2020-2027

    10.5.4.2 Market Estimates & Forecast by Product, 2020-2027

    10.5.4.3 Market Estimates & Forecast by Process, 2020-2027

    10.5.5 Qatar

    10.5.5.1 Market Estimates & Forecast, 2020-2027

    10.5.5.2 Market Estimates & Forecast by Product, 2020-2027

    10.5.5.3 Market Estimates & Forecast by Process, 2020-2027

    10.5.6 North Africa

    10.5.6.1 Market Estimates & Forecast, 2020-2027

    10.5.6.2 Market Estimates & Forecast by Product, 2020-2027

    10.5.6.3 Market Estimates & Forecast by Process, 2020-2027

    10.5.7 GCC

    10.5.7.1 Market Estimates & Forecast, 2020-2027

    10.5.7.2 Market Estimates & Forecast by Product, 2020-2027

    10.5.7.3 Market Estimates & Forecast by Process, 2020-2027

    10.5.8 Rest of The Middle East & Africa

    10.5.8.1 Market Estimates & Forecast, 2020-2027

    10.5.8.2 Market Estimates & Forecast by Product, 2020-2027

    10.5.8.3 Market Estimates & Forecast by Process, 2020-2027

    10.6 Latin America

    10.6.1 Market Estimates & Forecast, 2020-2027

    10.6.2 Market Estimates & Forecast by Product, 2020-2027

    10.6.3 Market Estimates & Forecast by Process, 2020-2027

    10.6.4 Brazil

    10.6.4.1 Market Estimates & Forecast, 2020-2027

    10.6.4.2 Market Estimates & Forecast by Product, 2020-2027

    10.6.4.3 Market Estimates & Forecast by Process, 2020-2027

    10.6.5 Argentina

    10.6.5.1 Market Estimates & Forecast, 2020-2027

    10.6.5.2 Market Estimates & Forecast by Product, 2020-2027

    10.6.5.3 Market Estimates & Forecast by Process, 2020-2027

    10.6.6 Uruguay

    10.6.5.1 Market Estimates & Forecast, 2020-2027

    10.6.5.2 Market Estimates & Forecast by Product, 2020-2027

    10.6.5.3 Market Estimates & Forecast by Process, 2020-2027

    10.6.7 Rest of Latin America

    10.6.7.1 Market Estimates & Forecast, 2020-2027

    10.6.7.2 Market Estimates & Forecast by Product, 2020-2027

    10.6.7.3 Market Estimates & Forecast by Process, 2020-2027

    11. Company Landscape

    12. Company Profiles

    12.1 Pactiv LLC

    12.1.1 Company Overview

    12.1.2 Product/Business Segment Overview

    12.1.3 Financial Updates

    12.1.4 Key Developments

    12.2 Sonoco Products Company

    12.2.1 Company Overview

    12.2.2 Product/Business Segment Overview

    12.2.3 Financial Updates

    12.2.4 Key Developments

    12.3 Spencer Industries Incorporated

    12.3.1 Company Overview

    12.3.2 Product/Business Segment Overview

    12.3.3 Financial Updates

    12.3.4 Key Developments

    12.4 D&W Fine Pack LLC

    12.4.1 Company Overview

    12.4.2 Product/Business Segment Overview

    12.4.3 Financial Updates

    12.4.4 Key Developments

    12.5 Brentwood Industries

    12.5.1 Company Overview

    12.5.2 Product/Business Segment Overview

    12.5.3 Financial Updates

    12.5.4 Key Developments

    12.6 Genpak, LLC

    12.6.1 Company Overview

    12.6.2 Product/Business Segment Overview

    12.6.3 Financial Updates

    12.6.4 Key Developments

    12.7 Placon

    12.7.1 Company Overview

    12.7.2 Product/Business Segment Overview

    12.7.3 Financial Updates

    12.7.4 Key Developments

    12.8 Silgan Plastics

    12.8.1 Company Overview

    12.8.2 Product/Business Segment Overview

    12.8.3 Financial Updates

    12.8.4 Key Developments

    12.9 Graham Packaging Company

    12.9.1 Company Overview

    12.9.2 Product/Business Segment Overview

    12.9.3 Financial Updates

    12.9.4 Key Developments

    12.10 Wilbert Plastic Services, Inc.

    12.10.1 Company Overview

    12.10.2 Product/Business Segment Overview

    12.10.3 Financial Updates

    12.10.4 Key Developments

    13 Conclusion

    LIST OF TABLES

    Table 1 World Population by Major Regions (2020 To 2027)

    Table 2 Global Thermoformed Plastics Market: By Region, 2020-2027

    Table 3 North America Thermoformed Plastics Market: By Country, 2020-2027

    Table 4 Europe Thermoformed Plastics Market: By Country, 2020-2027

    Table 5 Asia Pacific Thermoformed Plastics Market: By Country, 2020-2027

    Table 6 The Middle East & Africa Thermoformed Plastics Market: By Country, 2020-2027

    Table 7 Latin America Thermoformed Plastics Market: By Country, 2020-2027

    Table 8 Global Thermoformed Plastics by Product Market: By Regions, 2020-2027

    Table 9 North America Thermoformed Plastics by Product Market: By Country, 2020-2027

    Table10 Europe Thermoformed Plastics by Product Market: By Country, 2020-2027

    Table11 Asia Pacific Thermoformed Plastics by Product Market: By Country, 2020-2027

    Table12 The Middle East & Africa Thermoformed Plastics by Product Market: By Country, 2020-2027

    Table13 Latin America Thermoformed Plastics by Product Market: By Country, 2020-2027

    Table14 Global Thermoformed Plastics by Process Market: By Regions, 2020-2027

    Table15 North America Thermoformed Plastics by Process Market: By Country, 2020-2027

    Table16 Europe Thermoformed Plastics by Process Market: By Country, 2020-2027

    Table17 Asia Pacific Thermoformed Plastics by Process Market: By Country, 2020-2027

    Table18 The Middle East & Africa Thermoformed Plastics by Process Market: By Country, 2020-2027

    Table19 Latin America Thermoformed Plastics by Process Market: By Country, 2020-2027

    Table20 North America Thermoformed Plastics for Application Market: By Country, 2020-2027

    Table21 Europe Thermoformed Plastics for Application Market: By Country, 2020-2027

    Table22 Asia Pacific Thermoformed Plastics for Application Market: By Country, 2020-2027

    Table23 The Middle East & Africa Thermoformed Plastics for Application Market: By Country, 2020-2027

    Table24 Latin America Thermoformed Plastics for Application Market: By Country, 2020-2027

    Table25 Global Product Market: By Region, 2020-2027

    Table26 Global Application Market: By Region, 2020-2027

    Table27 Global Application Market: By Region, 2020-2027

    Table28 North America Thermoformed Plastics Market, By Country

    Table29 North America Thermoformed Plastics Market, By Product

    Table30 North America Thermoformed Plastics Market, By Process

    Table31 North America Thermoformed Plastics Market, By Application

    Table32 Europe: Thermoformed Plastics Market, By Country

    Table33 Europe: Thermoformed Plastics Market, By Product

    Table34 Europe: Thermoformed Plastics Market, By Process

    Table35 Europe: Thermoformed Plastics Market, By Application

    Table36 Asia Pacific: Thermoformed Plastics Market, By Country

    Table37 Asia Pacific: Thermoformed Plastics Market, By Product

    Table38 Asia Pacific: Thermoformed Plastics Market, By Process

    Table39 Asia Pacific: Thermoformed Plastics Market, By Application

    Table40 The Middle East & Africa: Thermoformed Plastics Market, By Country

    Table41 The Middle East & Africa Thermoformed Plastics Market, By Product

    Table42 The Middle East & Africa Thermoformed Plastics Market, By Process

    Table43 The Middle East & Africa: Thermoformed Plastics Market, By Application

    Table44 Latin America: Thermoformed Plastics Market, By Country

    Table45 Latin America Thermoformed Plastics Market, By Product

    Table46 Latin America Thermoformed Plastics Market, By Process

    Table47 Latin America: Thermoformed Plastics Market, By Application

    LIST OF FIGURES

    FIGURE 1 Global Thermoformed Plastics market segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Porter’s Five Forces Analysis of Global Thermoformed Plastics Market

    FIGURE 4 Value Chain of Global Thermoformed Plastics Market

    FIGURE 5 Share of Global Thermoformed Plastics Market in 2020, by country (in %)

    FIGURE 6 Global Thermoformed Plastics Market, 2020-2027,

    FIGURE 7 Sub-segments of Product

    FIGURE 8 Global Thermoformed Plastics Market size by Product, 2020

    FIGURE 9 Share of Global Thermoformed Plastics Market by Product, 2020 to 2027

    FIGURE 10 Global Thermoformed Plastics Market size by Process, 2020

    FIGURE 11 Share of Global Thermoformed Plastics Market by Process, 2020 to 2027

    FIGURE 12 Global Thermoformed Plastics Market size by Application, 2020

    FIGURE 13 Share of Global Thermoformed Plastics Market by Application, 2020 to 2027