New Study Focusing on Thermoformed Plastic Packaging Market Growth by Emerging Trends Analysis and Forecasts 2020-2025 | Palram Americas Ltd, DS Smith, Amcor, Display Pack, WestRock

Global Thermoformed Plastic Packaging Market overview:

The growing demand for Thermoformed Plastic Packaging has provided a major boost to the Global Thermoformed Plastic Packaging Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.

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Thermoforming is a manufacturing process wherein paperboard, plastic, or aluminum sheets are heated to a temperature such that it can be easily bent to form desired product. Thermoform packaging is majorly used to pack food to maintain its freshness, and increase the shelf life of the product. Retailers, brand owners, and food processors prefer thermoformed containers for packaging over other packaging techniques.

The global Thermoformed Plastic Packaging Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.

Based on Product Type, the market is divided into:

1 PP

2 PE

3 PVC

4 PS

On the basis of End Use Industry, the market is split into:

1 Food

2 Medical

3 Electronic Devices

4 Consumer Goods

Increased demand for convenient and easy-to-use packaging has resulted in the increased requirements for barrier properties to keep the food fresh and enhance its shelf life. Packaging manufacturers majorly use thermoform packaging for food products as it eliminates wastage of material and the packages are relatively easier to customize. However, factors such as volatile raw material prices and governmental regulations on plastics such as PVC are estimated to hamper the growth of the market during the forecast period.

Objectives of the Study

To describe and forecast the global Thermoformed Plastic Packaging Market on the basis of Product Type, industry verticals, Channel and regions.

To forecast the Thermoformed Plastic Packaging Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.

To provide detailed information regarding the major factors influencing the growth of the Thermoformed Plastic Packaging Market (drivers, restraints, opportunities, and challenges).

To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.

To strategically profile key players and comprehensively analyze their core competencies and positioning.

To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Thermoformed Plastic Packaging Market.

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Some of the Thermoformed Plastic Packaging Market manufacturers involved in the market are Pactiv LLC, Sonoco Products Company, C.M. Packaging, Anchor Packaging, Brentwood Industries, Inc, Greiner Packaging International GmbH, Dongguan Ditai Plastic Products Co. Ltd, Palram Americas Ltd, DS Smith, Amcor, Display Pack, WestRock, Acquisitions and effective mergers are some of the strategies adopted by the Thermoformed Plastic Packaging Market manufacturers. New product launches and continuous technological innovations are the Thermoformed Plastic Packaging Market strategies adopted by the major players.

Latest Industry Updates:

Amcor - Global packaging company, Amcor, has been recognised four times over at the 2019 Packaging Innovation Awards by DOW for improving sustainability outcomes and enhancing consumer convenience across a diverse range of packaging products. "Winning across our flexible and rigid packaging, for beverage, protein and pet food products, is testament to the expertise of Amcor's global team," said Mr. Michael Zacka, Amcor's Chief Commercial Officer. "We are proud to deploy that expertise to benefit our customers, consumers, and the environment." The awards acknowledge Amcor's success in using new materials, paper and plastics to design new formats and deploy technologies that create winning packaging.

"This year Dow received a record-breaking number of submissions for innovative, forward-thinking packaging designs from around the world," said Diego Donoso, business president for Dow Packaging & Specialty Plastics. "I'm continually impressed by the world-class innovations that we see year after year. Congratulations to Amcor for helping drive the industry forward." Amcor won three awards across its flexible packaging portfolio, which Dr. William Jackson, Amcor's Chief Technology Officer, says reflects a growing demand from consumers for attractive packaging that is convenient and increasingly sustainable.

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Asia Pacific was a prominent market for Thermoformed Plastic Packagings in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Thermoformed Plastic Packaging market in Asia Pacific.

There are several manufacturers of Thermoformed Plastic Packagings in Europe and North America. In North America, the demand for Thermoformed Plastic Packagings is primarily driven by the residential sector. Improved standards of living and rising usage of Thermoformed Plastic Packagings for flooring purpose are anticipated to drive the market in North America.

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Table of Contents:

Global Thermoformed Plastic Packaging Market Report 2020

1 Thermoformed Plastic Packaging Definition

2 Global Thermoformed Plastic Packaging Market Major Player Share and Market Overview

3 Major Player Thermoformed Plastic Packaging Business Introduction

4 Global Thermoformed Plastic Packaging Market Segmentation (Region Level)

5 Global Thermoformed Plastic Packaging Market Segmentation (Product Type Level)

6 Global Thermoformed Plastic Packaging Market Segmentation (Industry Level)

7 Global Thermoformed Plastic Packaging Market Segmentation (Channel Level)

8 Thermoformed Plastic Packaging Market Forecast 2020-2024

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