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Thermoform Packaging Market 2018 Analysis By Blister Packaging, Skin Packaging and Clamshell Packaging | Global Key Players - Bemis, Amcor, Sealed Air, Sonoco, WestRock, E.I. du Pont de Nemours and Others
Press release from: Market Research Future
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
Global Thermoform Packaging Market is expected to reach a market size of USD 104,999.8 million by the end of the forecast period (2016-2023) at CAGR of 5.72%.
Bemis Company, Inc., Sonoco Products Company, E.I. du Pont de Nemours and Company, Amcor Limited, DS Smith Plc., WestRock Company, Display Pack Inc, Tray Pack Corporation, Lacerta Group, Inc and Sealed Air Corporation are some of the prominent players at the forefront of competition in the global thermoform packaging market and are profiled in MRFR Analysis.
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The increasing demand from food & beverage and pharmaceuticals industries globally drives the market. The large consumer base, increasing manufacturing activities, cost-effective, environment friendly and increase in spending by consumers for packaged food. PET leads the market, majorly due to replacing polystyrene resin. Europe is the largest market.
Global Thermoform Packaging Market - Competitive Analysis
The market is characterized by the presence of several medium and small players. Thermoform packaging appears to be highly competitive and fragmented. International players who are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period.
In 2017 Nelipak, a thermoformed medical packaging provider announced 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) continues its international expansion. It announced the acquisition of two subsidiaries of Reynolds Group Holdings (New Zealand), to acquire a thermoforming plant in France and a trading company in Germany. The deal is intended to strengthen Sirap's position in the European food packaging market.
RiverRock acquired Novum Capital (Germany to push forward the global growth of this manufacturer of intelligent packaging systems. ES-Plastic is engaged in extruded and thermoformed PP packaging. The company also produces cups, lids, sorting inserts and films in southern Germany.
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Market Research Analysis
The market is highly application based. The factors contributing to the growth of the global thermoform packaging market is the increasing demand for convenient packaging, growth in food & beverage industry and cost-effective. The market is expected to have higher growth rate as compared to the previous years. Europe is the largest region for the thermoform packaging market, followed by Asia-Pacific and North-America. The main reason for the growth in the region includes the rapid growth of industries such as food & beverage and pharmaceuticals in Germany.
Taste the market data and market information presented through more than 85 market data tables and figures spread in 130 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Thermoform Packaging Market Information from 2014 to 2022"
Scope of the Report
This study provides an overview of the global thermoform packaging market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global thermoform packaging market as material, type and application.
• Blister Packaging
• Skin Packaging
• Clamshell Packaging
• Food & beverage
• ElectronicsPersonal care
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