Research on Thermoform Packaging Market to 2021 Dominated by Blister Packaging, Clamshell Packaging, Skin Packaging in Asia-Pacific, China Region

Thermoform packaging market size by value will grow and reach USD 44.55 Billion by 2021 at a CAGR of 5.61% between 2016 and 2021. Factors such as minimal packaging waste; increasing demand from fresh food and beverages, home & personal care goods, and pharmaceuticals industries; and growth of retail industry have driven global thermoform packaging market.

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In Thermoform packaging market, blister packaging segment accounted for largest market share in 2015 in the thermoform packaging market. Blister packaging is tamper-resistant and allows a full view of the product, and hence is widely used in consumer goods. It allows fix alignment of goods within package, thereby preventing loss of products. Use of transparent plastic films offers high visibility to package, which further increases marketability of product, thus making blister packaging largest segment.

Target Audience
• Manufacturers of thermoform packaging
• Importers and exporters of thermoform packaging
• Traders, distributors, and suppliers of thermoform packaging
• End users (food & beverage, pharmaceuticals, electronics, and home & personal care industries)

Asia-Pacific region is projected to be fastest-growing market during forecast period, followed by Europe. In Asia-Pacific, China is the largest consumer for thermoform packaging, followed by Japan. China, with its growing food & beverage and pharmaceuticals industries, is expected to drive the thermoform packaging market. Japan, with its growing inclination toward convenient products, is expected to impact the thermoform packaging market in Asia-Pacific region.

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Thermoform packaging market is segmented on basis of type, heat seal coating, material, end-use industry, and region. On basis of type, blister packaging accounted for largest market share, in terms of both volume and value in 2015.

Based on Type, the market has been segmented as follows:
• Blister packaging
• Clamshell packaging
• Skin packaging
• Others (windowed packaging, tubs, cups, and trays)

Based on Heat Seal Coating, the market has been segmented as follows:
• Water-based heat seal coating
• Solvent-based heat seal coating
• Hot-melt-based heat seal coating

Thermoform packaging market ecosystem involves various stakeholders in the thermoform packaging market.. It first starts with the raw material suppliers such as WestRock Company (U.S.), Amcor Limited (Australia), Tray Pack Corporation (U.S.), and Lacerta Group, Inc. (U.S.) who provide the required raw materials to manufacturing companies

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This research report categorizes thermoform packaging market based on type, material, heat seal coating, end-use industry, and region. In terms of heat seal coating, water-based heat seal coating is projected to grow at the highest rate during the forecast period. Water-based heat seal coating provides a firm bond between corrugated and polyethylene skin pack films, thereby reducing several adhesion challenges of thermoform packaging and driving the thermoform packaging market.

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